While the summer months are typically slow for the markets, a few traders tend to start making bets that things will move in the autumn. So it's little surprise that during the recent market rally to new highs this week, one trader is betting on an explosion in volatility—the kind of trade that usually plays off if markets suddenly get more volatile.
 | |  Good morning. While the summer months are typically slow for the markets, a few traders tend to start making bets that things will move in the autumn. So it's little surprise that during the recent market rally to new highs this week, one trader is betting on an explosion in volatility—the kind of trade that usually plays off if markets suddenly get more volatile.
One mystery buyer, dubbed "Fifty Cent" tends to buy calls on the volatility index (VIX) that trade for about $0.50 per contract—and seems to be active again this week, based on over 50,000 contracts traded. While we don't see a big downturn yet, taking some profits and hedging some trades is usually a sound idea. | | | | | |
| | |  | DOW 27,140.98 | -0.47% | | | | S&P 3,003.67 | -0.53% | | | | NASDAQ 8,238.54 | -1.00% | | | | | *As of market close | | | • | Stocks pulled back from all-time highs on Thursday, as earnings season continued to deliver mixed results. | | | | • | Oil rose modestly following its decline Wednesday, while gold traded flat and cryptocurrencies were mixed. | | | |
| | | Durable Goods Orders Surge in June | | 
| | Gain was four times larger than expected. | | For the month of June, durable goods came in with a 2 percent gain, four times higher than the expected rise of 0.5 percent.
At the same time, the May durable goods data was revised from being down 1.3 percent to down 2.3 percent, indicating that there are some longer-term weaknesses.
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| | This store's security camera secret will shock you | | |  | | There's a store that's doing some incredible – some might say shocking – things with their security camera footage. This is about way more than in-store security and it goes far beyond retail.
This technology is being used to transform practically every industry. It's the next major tech revolution – and could potentially trigger $19 trillion in new wealth for investors who get in now. And my #1 way to play it is with this tiny $5 stock. Click here for all the details. | |
| | Livongo Shares Surge on First Day of Trading | |  | | Digital health company soars in IPO debut. | | Livongo, a digital health company dubbing itself the "Netflix of healthcare," went public on Thursday under the ticker LVGO.
The company offered about 12.7 million shares at a starting price of $28 per share, giving the company an expected valuation of about $2.5 billion, and with the hope of raising $355 million net of fees. Shares immediately surged over 50 percent from that IPO price in early trading.
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| | Major holder adds to truck transportation company. | |  | | Director adds to stake of regional bank. | | On Thursday, Elliott International, LP, bought 1,866 shares of Roadrunner Transportation Systems (RRTS). While the total cost was under $20,000, Elliott already owns over 23,148,000 shares of the company— making them a major shareholder.
The recent buy increases their holdings by 0.01 percent, the fund has been a repeat buyer of shares near current prices in prior months in the 1,500-8,000 share range.
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| | | | Unusual Options Activity: Targa Resources Group (TRGP) |  | | Big bet on shares rallying through October. | | On Thursday, a large bet was made on shares of Targa Resources Group (TRGP) continuing its recent rally higher.
Over 5,250 of the October $43 call options traded hands, against an open interest of 242—making for a 21-fold increase in volume. With a current share price around $40.50, this is a bet that shares will move at least 6 percent higher in the next 84 days.
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| | | | TOP | | | MAS | 8.112% | | | | LKO | 5.107% | | | | BMY | 5.02% | | | | RTN | 4.582% | | | | IP | 4.238% | | | | BOTTOM | | | ALGN | 26.988% | | | | VAR | 9.506% | | | | AAL | 8.442% | | | | F | 7.454% | | | | NKTR | 6.631% | | | | |
| | |  | | …If the medium-term inflation outlook continues to fall short of its aim, the Governing Council is determined to act, in line with its commitment to symmetry in the inflation aim. It therefore stands ready to adjust all of its instruments, as appropriate, to ensure that inflation moves towards its aim in a sustained manner. | - European Central Bank statement on its decision to keep interest rates at current levels, but how it may cut further if the Federal Reserve does  | |
| | This store's security camera secret | | | There's a store that's doing some incredible – some might say shocking – things with their security camera footage. This technology is being used to transform practically every industry.
It's the next major tech revolution – and could potentially trigger $19 trillion in new wealth for investors who get in now. And my #1 way to play it is with this tiny $5 stock. Click here for details.
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