0.05Open0.05Pre Close0 Volume100 Open Interest2.50Strike Price0.00Turnover422.59%IV55.54%PremiumDec 20, 2024Expiry Date0.00Intrinsic Value100Multiplier5DDays to Expiry0.05Extrinsic Value100Contract SizeAmericanOptions Type-0.0363Delta0.0281Gamma110.20Leverage Ratio-0.0194Theta0.0000Rho-4.00Eff Leverage0.0005Vega
Trinseo Stock Discussion
Trinseo Enters into Transaction Support Agreement to Extend Debt Maturities and Increase Liquidity
Tuesday, 10th December at 6:45 am
Trinseo PLC (NYSE: TSE), a specialty material solutions provider, ("Trinseo" or the "Company") today announced that it and certain of its subsidiaries have entered into a Transaction Support Agreement (the "TSA") with certain holders and lenders (collectively, the "Supporting Creditors") of Trinseo's outstanding senior notes and term loans. Pu...
In reaction to earnings/guidance:
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Healthy rinse late-week took some risk off the table. July expiration and Friday selling removed elevated gamma risk, although it didn't get to that normal level for a potential snap-back squeeze.
Crowded inflation and cyclical plays are not crowded anymore but bulls have certainly been stubborn, which lengthens the process. Small caps as well saw a solid shake, some of these groups are at or close to sentiment bounce signals, but not all.
Now with July expiration in the rear view mirror, we will officially see if the current price action is indeed a "tightening" phase ( similar to late 2018) or it was more about the greater forces at play from July expiration, like liquidity and dealer positioning.
The bears
Price action has resembled late 2018 and this rolling bear market that we are seeing take place underbelly will eventually find quality mega-cap and the indices.
Even with Friday's selloff, short-term sentiment didn't quite get there yet. Sectors that have seen the brunt of the selling have shown an improvement in sentiment but not all flashing bull signals just yet. This rotation has been so aggressive this year, do they all need to get to bull signal territory before we see a legit bounce?
July expiration is now behind us but earnings season is officially her...
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