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April 20
Reuters – Investors set for another roller-coaster ride on F5
“Weekly options are predicting a 9 percent move,” said Steve Claussen, chief investment strategist at online brokerage OptionsHouse.com in Chicago.
“This seems like a big move but considering how the stock has moved in the past, it’s not.”
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April 20
Wall Street Journal – Option Traders Eye Limit to Kraft’s Rise
The investor likely is “someone happy to take the premium and call the [stock's] top at around $35,” said Steve Claussen, chief investment strategist at OptionsHouse… In what appeared to be a “buy-write,” or “covered-call” strategy, long shareholders sold the call contracts for $1.01 apiece. They leave gains on the table if the stock continues to rise much above $36, but Claussen suggested that with Kraft paying a 3.46% dividend yield, the investors could be looking use options to juice returns in the event that the stock moves sideways into expiration early next year.
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Jan. 18
Wall Street Journal - Apple Options Traders Ready for Fresh All-Time High
“People want to buy the dip, but they want to do it using options in case they’re wrong—they’re hedged, [and] losses are limited,” OptionsHouse Steve Claussen said.
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Dec. 10
Reuters - Quiksilver up on report of possible interest from PPR
“Stock volume is much higher than normal which is in line with what normally happens if a stock is rumored to be a takeover candidate,” said Steve Claussen, chief investment strategist at Chicago-based online brokerage OptionsHouse LLC.
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Dec. 8
Wall Street Journal – Bulls Running Strong in the Options Market
“I think there are a lot of guys chasing performance,” said Steve Claussen, OptionsHouse chief investment strategist. “You get leverage if you use call options as opposed to just going out to buy the stock,” he added.
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Nov. 10, 2010
Reuters – Cisco options suggest about 5 pct move after earnings
“It was a much larger move that [sic] what they had priced in originally,” said Steve Claussen, chief investment strategist at online brokerage OptionsHouse LLC in Chicago.
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Oct. 12, 2010
The Wall Street Journal – A Placid CBOE Market Volatility Index Can Be Misleading
“People all of a sudden convince themselves, I don’t want to waste any money on options between now and the end of the year,” OptionsHouse chief investment strategist Steve Claussen said.
Later, when markets turn volatile again, they end up paying a premium for protection when what seems like the entire market stampedes after options, Claussen said.
…
Investors exiting near-term options are “dragging down the number,” Mr. Claussen said, making the VIX seem calmer than it otherwise would be.
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Oct. 11, 2010
The Wall Street Journal – Retail Options Traders Seen Stepping Up Activity After Elections
“We have a lot of customers who trade pretty much full time, retired [people] who say, ‘I’d rather just go play tennis,’” OptionsHouse chief investment strategist Steve Claussen said. Such traders have often stepped out of the market when they don’t know what to make of it, he said.
OptionsHouse is one brokerage that claims better volume is already here. Claussen said the online brokerage has seen more activity by retail investors in recent weeks, though he declined to provide figures.
Clicking on a link will launch a separate browser window. These links will lead to sites not controlled by OptionsHouse. OptionsHouse cannot be responsible for the content of these sites.
Oct. 4, 2010
MarketWatch – Election uncertainty may lead to options
“One way investors can play the uncertainty around the election (and, more importantly, the uncertainty around the perceived impact on the stock market) is through option strategies. Straight stock trades, long or short, expose the trader to basically unlimited risk should the stock move the wrong way.”
Clicking on a link will launch a separate browser window. These links will lead to sites not controlled by OptionsHouse. OptionsHouse cannot be responsible for the content of these sites.
Sept. 29, 2010
Wall Street Journal – Daily Options Could Be Tricky For Some Investors
“‘I believe that the market-making community will not offer these daily products very tightly because there’s so much variance to them,’Claussen said. ‘It’s a one-day bet on the stock.’
While the cost of a contract for a single day will seem low, Claussen said, a wide spread and immediate price erosion are two issues investors should weigh carefully.
‘Options are a wasting asset, a concept that is unique to options versus stock ownership,’ Claussen said. ‘Daily options will waste away every single day.’”
