Henry is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange.
Recent Articles By The Author
What Apple Option Flow is Saying
Bullish sentiment in AAPL seems quite high heading into today's event.
AOL Turnaround Story
Jim Cramer is positive on AOL, and a massive, institutional trade echoes that sentiment.
That'll Leave a Mark
This is how a massive VXX trade turned into an even bigger loser when looking at the options alone.
Henry Schwartz Analysis: URI
The whole concept of 'dynamically hedging your position' goes out the window in a gap like we saw with the early earnings release.
Trading in VIX products has been very heavy, but the term structure of the VIX futures market indicates an expectation that things will settle down by November.
Analyzing Talisman and Nuance Options Flow
Looking at M&A stories, earnings plays and signs of increasing activist interest (or disinterest) can help spot trading ideas and opportunities.
Exactly two years ago the Chicago Board Options Exchange launched a new index options product that matched the market-leading S&P500 option specs except for two important factors.
Tesla Options Analysis
Is this the end of the bubble-like run for TSLA shares? Here are some clues from the options market and a potential play for the speculative traders.
Henry Schwartz Analysis: Pinning and Moneyness in SPY
Let's review a case example using SPY quarterly options.
JCP: Options Flow Suggests More Downside Pressure
One way to see the dire concern om JC Penney's shares is in a sharply increasing implied volatility and put/call skew.