Posts Tagged ‘NOK’

Best Buy Call Spread Looks For Further Upside

 

Today’s tickers: BBY, KNXA & NOK

BBY - Best Buy, Inc. – A bull call spread initiated on the world’s largest electronic retailer this morning suggests one option strategist is positioning for shares in Best Buy to potentially post double-digit percentage gains by January 2013 expiration. Shares in the retailer are up 5.9% at $18.33 this morning on news Best Buy agreed to permit its founder, Richard Schulze, to perform due diligence on the company required to further the process of possibly taking over the retailer with a group of private equity firms. The sizable spread was constructed through the purchase of 6,750 calls at the Jan. ’13 $19 strike call and the sale of the same number of calls up at the Jan. ’13 $23 strike, all for a net premium outlay of around $1.28 per contract. The spread makes money if shares in BBY rally another 11% to surpass the average breakeven price of $20.28, with maximum possible profits of $2.72 per contract available should the stock soar 25.5% to $23.00 by expiration next year. Options on Best Buy are more active than usual today, with volume in excess of 56,200 contracts running at approximately 156% of the stock’s average daily volume of 35,942 contracts.

KNXA - Kenexa Corp. – Shares in Kenexa Corp. are up nearly 42% this afternoon at $45.85 on news IBM agreed to buy the maker of human resources software for $1.3 billion in cash. It looks like the sharp move in the share price has some options traders sitting on substantial paper profits. Call open interest in Kenexa is largest at the Sep. $35 strike where 399 positions were initiated during the past few weeks. A 100-lot block was purchased at a premium of $1.00 back on August 9th and around 35 of the calls were picked up this past Friday at an average premium of $0.85 apiece. Call buyers paying up to $1.00 per contract for the…
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Bullish Spreads Take Shape In Walgreen Options Ahead Of Earnings

Today’s tickers: WAG, CS, BMC & NOK

WAG - Walgreen Co. – Less than one week remains before Walgreen’s first-quarter earnings report, and a large options trade initiated on the stock this morning prepares one strategist to potentially enjoy big profits should the drugstore chain’s performance send shares skyward. Walgreen Co.’s shares today are up 1.0% at $33.94 in afternoon trade. It looks like the bullish player established a sizable call spread, buying at least 9,200 calls at the Jan. 2012 $35 strike and selling the same number of calls up at the Jan. 2012 $39 strike, all for a net premium outlay of $1.20 per contract. The investor may profit at expiration day next month as long as WAG’s shares rally another 6.7% to surpass the effective breakeven price of $36.20. Maximum possible profits of $2.80 per contract are available to the trader in the event that Walgreen’s shares soar 14.9% to exceed $39.00 at expiration in January.

CS - Credit Suisse Group – Call options on Credit Suisse are more active than usual today on news the financial services provider plans to merge operations of its investment banking and private banking units to lower costs. Shares in the second-largest Swiss bank rallied as much as 3.85% to $23.45 in the first half of the trading session. Fresh prints in Jan. 2012 contract call options indicate some investors are positioning for Credit Suisse Group’s shares to rise as the New Year gets underway. Traders exchanged more than 11,000 calls at the Jan. 2012 $25 strike against open interest of just 79 contracts. It looks like one trader generated much of the volume, buying 5,200 of the call options for an average premium of $0.90 a-pop. The investor stands prepared to profit should the Swiss bank’s shares surge 10.4% to top $25.90 at expiration next…
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Nokia Bulls Seize The Initiative After Google’s Motorola Foray

 

Today’s tickers: NOK, RIMM & AEP

NOK - Nokia Corp. – Investors in the Finnish cellphone-maker who have watched its share price halve from its optimistic February peak were thrown a lifeline on Monday after Google said it would buy a Motorola division. The purchase of its Mobility unit was quickly pounced on by Nokia bulls after a spokesman for the company said “we use Windows too!” Shares in Nokia recovered by 12% on Monday to trade at $6.00 after Nokia said that the Google decision vindicated its decision to stick with Windows technology. The move, said Nokia, could serve up a “massive catalyst” for the entire Windows Phone ecosystem. Option traders jumped at the chance of a reevaluation for the industry in light of the recent slump especially in Nokia’s fortunes, where executives earlier stopped making forecasts in light of ever-tougher competition from Apple and Blackberry. Investors predicted that Nokia might gain as much as 50% over the coming two months and paid an average of 10 cents for rights to buy shares by October. Calls at the $9.00 strike started the day with less than a one-in-10 chance of landing in the money by expiration but still investors keep snapping them up – volume so far stands at 16,642 lots.

RIMM - Research in Motion – Blackberry-maker RIMM also tagged along for the ride on Monday after National Bank Financial analyst Kris Thompson suggested that Google’s Motorola purchase crystallized the issue of patents. Google’s defense of its Android strategy by widening the net of its outstanding number of patents might focus investors on a floor for Research in Motion. The company earlier acquired thousands of wireless patents from now bankrupt Nortel Networks, which could be valued at $10 billion and compare to a market value of $13 billion at…
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The House of Cards that is Apple

Apple bears, don’t get too excited by the title. – Ilene

The House of Cards that is Apple

Courtesy of 

There is NO way $AAPL will trade at $400 tomorrow.

Apple is barely hanging on. I mean $RIMM playbook, China knockoffs, Droid, $MSFT and $NOK teaming up….need I drone on. For sure the Gateway and Egghead stores will cut into their margins. The self ‘unhelp’ desk at Best Buy is a winner.

There is no way Apple can survive and grow with $78 billion in Cash. That’s barely enough to buy Goldman Sachs which just prints money or gets handed it by the government.

The iPad is awesome but it’s going to kill Mac sales. The ‘Macbook Air’ is spectacular, but if I have an iPad and an iPhone why would I buy one?

iTunes? ya right… I can just pirate the shit or get a Spotify account.

Steve Jobs died in 2010. That’s not him anymore on stage…have you not seen ‘Weekend at Bernie’s?’

Yep.

 

Disclosure – Long Apple just in case 


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Bears Plunder Nokia Call Options

Today’s tickers: NOK, DG, ESV & OREX

NOK - Nokia Corp. – When Nokia yesterday announced that it was no longer meaningful to offer a forecast into its murky future, investors abandoned the stock driving it into new lower territory. We noticed frenzied options activity as investors reaped what premium they could from fast-falling call options. The dire nature of Nokia’s warning has left option traders with little doubt that its shares will flounder further in coming weeks. Bearish option traders wrote off at-the-money $7.00 call options expiring in just three weeks’ time for just 20 cents each. The question facing option bears seems to be not whether the shares will rebound but how far they will sink in the days ahead. On Wednesday the picture weakened with shares sliding by a further 7% to $6.50 while it appears that call options are once again being sold, but this time at lower strikes. Investors appeared to turn their attention to the $6.00 strike where volume of 3,000 built by mid-morning. Open interest of a mere 300 lots confirms that new positions are being taken. We saw at least 1,000 contracts clear the prevailing 59-cent bid on our screens. Sellers also decimated the premium available on July $7.00 strike calls with some 9,000 contract being traded Wednesday where premiums have halved to just 18-cents on the day. Investors seem convinced that Nokia’s fortunes look dire.

DG - Dollar General Corp. – The discount retailer missed Wall Street’s expectation for earnings when it reported its first quarter data of 48 cents. The Street was hoping for 50 cents. The seller of all-fine-things-for-less-than-$10 said it took losses on certain slow-to-clear items and said that shoppers were constrained by rising gas prices. It nevertheless stood by its full year estimate and continues to revise store…
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Bullish Risk Reversal Player Eyes Hess Corp.

 Today’s tickers: HES, NOK, AES & NBG

HES - Hess Corp. – The energy company appeared on our scanners this morning after one options strategist initiated a bullish risk reversal in the February 2011 contract. Shares in Hess Corp. are currently down 0.45% to arrive at $75.82 as of 12:40pm. It looks like the investor responsible for the transaction sold 2,500 puts at the February 2011 $65 strike for a premium of $0.53 each, in order to buy the same number of calls at the higher February 2011 $85 strike at a premium of $0.55 apiece. The investor paid a net $0.02 per contract for the risk reversal. This strategy is a far cheaper method of gaining upside exposure for a Hess-bull than buying calls outright. Premium on the calls will appreciate if shares rally sufficiently ahead of expiration day, and the investor may be able to book profits by selling the calls at a higher premium whether or not they land in-the-money. The short stance in puts indicates this individual expects shares to remain above $65.00. He appears to be more than willing to bear the risk of having 250,000 shares of the underlying stock put to him if the puts land in-the-money at expiration because of the cost savings that put selling provides for the bullish stance. Hess Corp. shares are currently trading just below their 52-week high of $76.54, attained during trading on Wednesday. The bullish risk reversal suggests the investor is positioning for Hess Corp.’s shares to hit new highs in the next couple of months to expiration. Shares must rally at least 12.1% over the current price of $75.82 in order for the February 2011 $85 strike calls to land in-the-money before they expire in February.

NOK - Nokia Corp. – Options traders are picking up both call and put options on the mobile telecommunications company today in the February 2011 contract. It looks like investors are expecting shares to move ahead of expiration day in February. Shares in Nokia Corp.…
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Massive Ratio Call Spread Established on Citigroup, Inc.

Today’s tickers: C, NOK, XLF, ETFC, TXT, GE, JPM, JCG, AMR, PRU & CAKE

C – Citigroup, Inc. – A large-volume ratio call spread enacted on Citigroup during the first half of the trading session suggests one big player is positioning for continued share price appreciation through July expiration. Citigroup’s shares gained as much as 6.6% earlier in the session to reach an intraday high of $4.03, but are currently up a more modest 2.65% on the day at $3.88 as of 3:55 pm (ET). The bullish investor paid a net premium of $0.19 per contract to purchase roughly 66,000 calls at the July $4.0 strike, and sell about 132,000 calls at the higher July $5.0 strike price. The spread positions the trader to make money above the breakeven price of $4.19 through July expiration. Maximum potential profits of $0.81 per contract pad the investor’s wallet if Citi’s shares jump 28.9% over the current price of $3.88 to settle at $5.00 at expiration.

NOK – Nokia Corp. – Options traders populating Nokia Corp. today sold in- and out-of-the-money calls on the world’s largest maker of mobile phones with shares of the underlying stock trading 2.35% lower to $9.99 with 40 minutes remaining ahead of the closing bell. Finland-based Nokia retained its ranking as one of the two greenest major electronics makers at Greenpeace International along with Sony Ericsson Mobile Communications AB. Call sellers roamed across several expiries on the mobile phone maker, spreading pessimistic sentiment along the way. Near-term bears doubting Nokia’s shares will rebound any time soon shed 6,700 calls at the June $10 strike to take in an average premium of $0.50 per contract. Approximately 8,300 calls were sold at the July $10 strike price for an average premium of $0.70 apiece. Investors selling the contracts keep the premium received as long as Nokia’s shares trade below $10.00 through expiration in June/July. Uber-pessimistic traders shed 3,700 in-the-money call options at the October $9.0 strike to take in an average premium of $1.67 per contract. Nokia’s shares must fall another 9.90% from the current price of $9.99 to breach the $9.00-level. In-the-money call sellers keep the premium if Nokia’s share price does not exceed $9.00 at expiration. Finally, bearish investors sold 5,600 calls at the October $10 strike for an average premium of $1.10 each, 4,800 calls at the October $11 strike for an average premium of $0.64 a-pop,…
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Testy Tuesday Morning

Wow – what a lot of work to get back to last Tuesday's high! 

As usual, the vast majority of gains came in pre-market trading and the rest came in light-volume, early morning trading while the rest of the day was dominated by every buyer finding a willing seller for 75% of the day's volume.  We saw what happened on Thursday when someone big wants to sell and there are no buyers so we'll see how long the bull's luck (manufactured or otherwise) will hold out as we begin to get economic data along with some early earnings reports.

The Ag sector popped 2% yesterday ahead of tonight's earings from MOS with MON checking in tomorrow morning so we'll see how wise those last-minute bets were in short order.  SONC also has earnings tonight and we like those guys long-term.  SONC makes a decent buy/write candidate as you can buy the stock for $10.29 and sell June $10 puts and calls for $2.25 for a net entry of $8.04 with a very nice 24% profit if called away at $10 and an average entry of $9.02 (a 12% discount) if more stock is put to you below $10 in June. 

FDO and WOR also report tomorrow morning.  FDO will be interesting but a weak dollar probably hurt them last quarter.  Tomorrow night we hear from BBBY, BLUD, OHB and Sonic competitor RT, who seem a bit pricey at $7.50.  Thursday we get our first real builder, LEN along with STZ and TXI.  After the bell on Thursday we hear from APOL, CRI and SCHN with GBX and PSMT on Friday.  AA officially kicks of earnings season next Monday with GAP, INFY, KBH, BGG, SCHW, SHFL, INTC and JPM highlighting the reporters. 

We have plenty of data this week including Factory Orders and Pending Home Sales at 10 am along with December Auto Sales throughout the day (did you get a new car for Christmas?).  Tomorrow is jobs day, with the ADP Report and Challenger Job Cuts ahead of the bell followed by ISM Services (yesterday's ISM was a nice beat) and, of course, Crude Inventories at 10:30 which are unlikely to sustain $82 oil (USO Jan $40 puts for .80 are a good way to play this)We talked about the other stuff yesterday so I won't repeat it – suffice to say
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Trucking Put Options Drop Despite Slip in Shares at YRC Worldwide

Today’s tickers: YRCW, NOK & MDVN

YRCW – YRC Worldwide – I was a little skeptical yesterday of the extreme pessimism that depicted the predictions from the options market surrounding the fate of trucking giant, YRC Worldwide. Investors stepped up to buy huge amounts of put options at the 50 cent strike price that expire next month. With shares at that time trading at $1.00 the huge premium represents a rather expensive 50% layout on an event far from certain. The event is not necessarily the bankruptcy of the company itself, rather it’s the potential for the investor to make money from the trade. Investors would do well to look back at the actual trading price of stocks that go into bankruptcy. Shares don’t always go to zero and they can stay above 50 cents even upon entering a Chapter 11 filing. While today’s news of a debt-for-equity swap provides a reprieve from a filing now, investors continue to ditch the stock, which is today trading at 82 cents. However, those same put options at the 50 cent strike have fallen heavily to 35 cents offered today because the uncertainty surrounding the outcome is perceived to be lower. In the options world, we call that reading implied volatility. Today it’s fallen massively from 291% to 188% at the 50 cent strike.

NOK – Nokia Corp. ADR – Looks like an investor is either unwinding a implanting a call option spread on Finnish cell phone maker, Nokia, whose shares have traded between $12.85 and $12.97 this morning. It appears that open interest at both of the February $14 and $15 strikes took off yesterday with both reading around 35,000 lots today. Further bullish volume saw investors buy the lower strike calls at 28 cents and sell the higher $15 strike for about 9 cents. The net cost of the spread at 19 cents means that a surge of 15.6% in Nokia’s shares to $15.00 would maximize investors’ gains at 81 cents per contract. Volume today is 18,000 lots at each strike price. Shares have not traded above the $14.19 breakeven point since they slumped on October 14, 2009.

MDVN – Medivation Inc. – Shares of the biopharmaceutical company have risen at a 45 degree angle since October rising from $25 to almost $40 each this week. The company develops drugs for diseases with limited treatments including Alzheimer’s and Huntington’s disease. One…
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Counting the Silver, FedEx Bulls and Industrial Bears

Today’s tickers: IVN, FDX, XLI, HGSI, FXI, VIP, XLP & NOK

IVN - Shares of the international mineral exploration and development company surged 20% during the trading session to reach an intraday high of $10.66. The Canadian stock was fueled by reports which revealed that changes to Mongolia’s laws will help the company to complete an investment agreement on the Oyu Tolgoi copper-gold project in the near future. One investor, who had positioned himself to profit from a rally in Ivanhoe, was seen banking gains today by selling to close a long call position. It appears he originally purchased some 17,000 calls for an average premium of 90 cents each around July 30, 2009. Today he shed all 17,000 contracts for a premium of 2.05 apiece. The investor has realized approximate gains of 1.15 per contract for a total of $1,955,000. Bullish activity was seen at the March 2010 15 strike price where it looks like investor purchased 5,000 calls for one dollar apiece. Traders long the calls will profit if shares rally another 50% to breach the breakeven price of $16.00 by expiration next year. – Ivanhoe Mines Limited –

FDX - Bullish action on FedEx this afternoon boosted the firm onto our ‘most active by options volume’ market scanner with the stock trading more than 0.5% higher to $68.40. Traders shed 8,500 put options at the October 60 strike price to take in an average premium of 1.03 per contract. The full premium will be retained by these individuals as long as the puts land out-of-the-money at expiration. Investors are happy to accept the 1.03 premium in exchange for bearing the risk that the stock slips lower, and falls beneath the breakeven point to the downside at $58.97. Losses begin to accumulate for traders if FedEx trades at a price lower than the breakeven point by expiration in October. We note that the stock has remained above $60.00 since July 16, 2009. – FedEx Corp. –

XLI - The industrials exchange-traded fund has risen less than 1% to stand at $25.50. One investor took hold of a large chunk of put options on the XLI by purchasing 40,000 puts at the September 24 strike price for 25 cents apiece. This trader may be bearish, in which case he aims to amass profits to the downside if the XLI declines beneath $23.75 by expiration next month. Alternatively, the investor may have purchased…
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Zero Hedge

Initial Claims Drop But Goldman Warns "Recent Increase Is More Than Just Noise"

Courtesy of ZeroHedge. View original post here.

Submitted by Tyler Durden.

Initial jobless claims dropped notably last week (from 285 to 269k) but the overall trend (away from the noise) appears in tact. The smoother4-week average remains near 12-month highs and as Goldman notes weakness is widespread - "there is only limited evidence that the rise in claims is due to distress in the energy sector." Continuing claims dropped modestly to 2.239mm but, as Goldman adds, "the persistence of the recent move suggests more might be going on, and we are treating the increase as more than just noise."

And finally, here is Goldman explaining why it is time to be concerned...

Initial and continuing cl...



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Capitulation

 

Capitulation 

Courtesy of Michael BatnickThe Irrelevant Investor

“One day it started raining, and it didn’t quit for four months” ~ Forrest Gump

What’s especially frustrating right now, besides the fact that the S&P 500 is now in a 13.2% drawdown, is that we’re not seeing any sense of panic. While every bounce attempt is getting smaller in both size and duration, the market has yet to do the proverbial flush that we all seam to be waiting for. The “all clear” moment, if you will.

The last time stocks were selling off like this was the summer of 2011 when the S&P 500 fell 21.58% pea...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

Asia stocks subdued, safe-haven bonds still rule (Business Insider)

Asian shares sputtered on Thursday as U.S. Federal Reserve Chair Janet Yellen's tone of guarded optimism led to an indecisive finish for Wall Street and further weakness for the dollar.

While European banks found a moment of stability, a renewed rush to the safety of longer-term U.S. Treasury debt suggested the flight from risk was far from over.

Gold Soars Above $1,200 as Yellen Signals Go-Slow on Rates Path (Bloomberg)

Gold jumped to th...



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Insider Scoop

Benzinga's M&A Chatter for Wednesday February 10, 2016

Courtesy of Benzinga.

The following are the M&A deals, rumors and chatter circulating on Wall Street for Wednesday February 9, 2016:

Hearing Chatter of Potential Tencent Offer for LinkedIn

The Rumor:
Shares of LinkedIn (NYSE: LNKD) rose Wednesday, following unconfirmed market chatter of a potential big from China's Tencent (OTC: TCEHY). The rumored offer, accordidng to "sources" is between $120 and $125 per share.

Spokespersons for LinkedIn and Tencent did not immediately respond to requests for comment.

LinkedIn closed at $101.76 on Wednesday, up $0.78.

Opera Confirms Buyout Offer from Chinese Group Including Qihuoo 360

The Deal:
Opera Software ASA (OTC: ...



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Chart School

Bears Win Day - Just...

Courtesy of Declan.

There wasn't a whole lot of change by the close of business, but intraday strength was clawed back in worrisome fashion. The end result was to leave spike highs in markets.

The S&P finished with a MACD 'sell' trigger, but on lower volume. The 'sell' trigger was below the bullish zero line, which makes it a strong signal.


The Nasdaq closed with a 'black' candlestick, which would be more bearish if it occurred at a swing high, but it's still a warning. Technicals are all in the bear camp.

...

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All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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Kimble Charting Solutions

Transports working on breakout, after being hit very hard!

Courtesy of Chris Kimble.

When it comes to getting hit hard, the Dow Jones Transportation Index fits the bill over the past year. Few if any major indices have fallen harder, over the past 12-months.

Below looks at the DJ Transportation Index/S&P 500 ratio over the past decade. The ratio reflects that over the past year, the index has been much weaker than the broad markets.

CLICK ON CHART TO ENLARGE

The ratio hit channel resistance at (1) a year ago and decline almost as hard a...



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OpTrader

Swing trading portfolio - week of February 8th, 2016

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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ValueWalk

Why Most Investors Fail in the Stock Market

 

Why Most Investors Fail in the Stock Market

Courtesy of ValueWalk, by  

Throughout the past 30 days of wild volatility, here’s what I didn’t do.

Panic. Worry. Sell.

In fact, the best I did was add to a couple of positions yesterday. The world was already in an uncertain state for the past 3+ years. It’s just that with the market rising, we pushed the issue to the back of our  mind and ignored it.

If you read Howard Marks latest memo, ...



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Digital Currencies

2016 Theme #3: The Rise Of Independent (Non-State) Crypto-Currencies

Courtesy of Charles Hugh-Smith at Of Two Minds

A number of systemic, structural forces are intersecting in 2016. One is the rise of non-state, non-central-bank-issued crypto-currencies.

We all know money is created and distributed by governments and central banks. The reason is simple: control the money and you control everything.

The invention of the blockchain and crypto-currencies such as Bitcoin have opened the door to non-state, non-central-bank currencies--money that is global and independent of any state or central bank, or indeed, any bank, as crypto-currencies are structurally peer-to-peer, meaning they don't require a bank to function: people can exchange crypto-currencies to pay for goods and services without a bank acting as a clearinghouse for all these transactions.

This doesn't just open t...



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Sabrient

Sector Detector: New Year brings new hope after bulls lose traction to close 2015

Reminder: Sabrient is available to chat with Members, comments are found below each post.

Chart via Finviz

Courtesy of Sabrient Systems and Gradient Analytics

Last year, the S&P 500 large caps closed 2015 essentially flat on a total return basis, while the NASDAQ 100 showed a little better performance at +8.3% and the Russell 2000 small caps fell -5.9%. Overall, stocks disappointed even in the face of modest expectations, especially the small caps as market leadership was mostly limited to a handful of large and mega-cap darlings.

Notably, the full year chart for the S&P 500 looks very much like 2011. It got off to a good start, drifted sideways for...



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Promotions

PSW is more than just stock talk!

 

We know you love coming here for our Stocks & Options education, strategy and trade ideas, and for Phil's daily commentary which you can't live without, but there's more!

PhilStockWorld.com features the most important and most interesting news items from around the web, all day, every day!

News: If you missed it, you can probably find it in our Market News section. We sift through piles of news so you don't have to.   

If you are looking for non-mainstream, provocatively-narrated news and opinion pieces which promise to make you think -- we feature Zero Hedge, ...



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Pharmboy

Baxter's Spinoff

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

Baxter Int. (BAX) is splitting off its BioSciences division into a new company called Baxalta. Shares of Baxalta will be given as a tax-free dividend, in the ratio of one to one, to BAX holders on record on June 17, 2015. That means, if you want to receive the Baxalta dividend, you need to buy the stock this week (on or before June 12).

The Baxalta Spinoff

By Ilene with Trevor of Lowenthal Capital Partners and Paul Price

In its recent filing with the SEC, Baxter provides:

“This information statement is being ...



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Mapping The Market

An update on oil proxies

Courtesy of Jean-Luc Saillard

Back in December, I wrote a post on my blog where I compared the performances of various ETFs related to the oil industry. I was looking for the best possible proxy to match the moves of oil prices if you didn't want to play with futures. At the time, I concluded that for medium term trades, USO and the leveraged ETFs UCO and SCO were the most promising. Longer term, broader ETFs like OIH and XLE might make better investment if oil prices do recover to more profitable prices since ETF linked to futures like USO, UCO and SCO do suffer from decay. It also seemed that DIG and DUG could be promising if OIH could recover as it should with the price of oil, but that they don't make a good proxy for the price of oil itself. 

Since...



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Help One Of Our Own PSW Members

"Hello PSW Members –

This is a non-trading topic, but I wanted to post it during trading hours so as many eyes can see it as possible.  Feel free to contact me directly at jennifersurovy@yahoo.com with any questions.

Last fall there was some discussion on the PSW board regarding setting up a YouCaring donation page for a PSW member, Shadowfax. Since then, we have been looking into ways to help get him additional medical services and to pay down his medical debts.  After following those leads, we are ready to move ahead with the YouCaring site. (Link is posted below.)  Any help you can give will be greatly appreciated; not only to help aid in his medical bill debt, but to also show what a great community this group is.

http://www.youcaring.com/medical-fundraiser/help-get-shadowfax-out-from-the-darkness-of-medical-bills-/126743

Thank you for you time!




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