Posts Tagged ‘rfmd’

Estee Lauder Options Rosy On Stock’s Performance Near Term

Options brief will resume April 8, 2013.

Today’s tickers: EL, RFMD & AVGO

EL - Estee Lauder Cos., Inc. – Options changing hands on Estee Lauder today look for shares in the maker of skincare products, makeup and fragrances to post attractive gains in the near term. Shares in the provider of high quality products sold under brand names that include Bobbi Brown, La Mer, and Clinique, are up slightly today, trading 0.25% higher on the session at $65.04 as of 11:55 a.m. ET. The stock has rallied approximately 8% since the start of 2013. Overall options volume on Estee Lauder is running at roughly three times the stock’s average daily volume as of midday in New York, with upwards of 3,200 contracts traded. Most of the action is in the May $65 strike call, where around 2,400 calls changed hands versus open interest of 805 contracts. It looks like most of the $65 calls were purchased this morning for an average premium of $2.35 apiece. The bullish strategy pays off at expiration if shares in EL rally another 3.5% over the current price of $65.04 to surpass the breakeven point at $67.35. Call buyers may be looking to benefit from a pop in Estee Lauder’s shares following the company’s third-quarter earnings report on May 2nd.

RFMD - RF Micro Devices, Inc. – Bearish activity in RF Micro Devices options this morning suggests one trader is bracing for shares in the name to potentially decline substantially during the next six weeks. The stock has moved higher in recent months, up more than 10% year to date. Shares today are down 0.60% at $5.10 as of 12:10 p.m. ET. May expiry put buying on RFMD may be looking for the stock to pullback following the company’s fourth-quarter earnings report later this month. Upwards of 6,600 puts were purchased at the May $5.0 strike at a premium of $0.35 each during the first hour of the trading session. The bearish stance on RF Micro Devices makes money at expiration if shares…
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Call Volume Pops At Halcon Resources

 

Today’s tickers: HK, ZMH & RFMD

HK - Halcon Resources Corp. – Shares in energy company, Halcon Resources, rallied more than 6.0% to an intraday high of $7.74 on Tuesday morning, sparking heavy trading traffic in upside call options on the stock. Bursts of heavy call buying on the stock earlier in the session suggests one or more options traders are positioning for shares in Halcon to increase sharply in the near and long term. Traders looking for shares in HK to potentially rally to the highest level since September of 2012 by May expiration snapped up around 2,300 calls at the May $8.0 strike for an average premium of $0.36 each. The company is scheduled to report first-quarter earnings during the first full week in May. Bulls looked to October expiry calls, as well. It looks like traders picked up around 700 calls at the Oct. $9.0 strike for an average premium of $0.65 each, and purchased 1,100 call options at the Oct. $10 strike at an average premium of $0.47 apiece. Buyers of the October expiry $10 strike calls may profit at expiration in the event that Halcon’s shares surge 35% to top the average breakeven price $10.47. The most heavily traded contracts on HK on Tuesday morning were the Jan. 2015 $12 strike calls, which traded upwards of 22,000 times against open interest of 2,607 contracts. Trading in the $12 strike calls appears to be mixed, with the bulk of the contracts changing hands at $1.10 each. Strategists purchasing $12 strike calls on Halcon may profit at expiration in January of 2015 should shares in the energy company gain roughly 70% to trade above $13.10.

ZMH - Zimmer Holdings, Inc. – Options changing hands on the maker of knee and hip replacement products are looking for shares in Zimmer Holdings, Inc. to potentially decline during the next few weeks. Shares in ZMH are up 1.0% on Tuesday morning to stand at $73.45 as of 11:10 a.m. ET. The most actively traded contracts as measured by…
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Options Volume Pops At VeriFone As Shares Take A Dive

 

Today’s tickers: PAY, RFMD & SWKS

PAY - VeriFone Systems, Inc. – VeriFone’s lower-than-expected forecast for second-quarter earnings sent shares in the provider of electronic payment systems down nearly 40% to the lowest level since July 2010 on Thursday morning, and drove options volume on the stock to roughly four times its daily average by 11:35 a.m. ET. The total number of call and put options in play on VeriFone this morning at last check tops 24,400 contracts versus the stock’s average daily volume of around 6,100 contracts. Analysts at Deutsche Bank, Raymond James, Citi, JPMorgan and Piper Jaffray downgraded and/or lowered price targets on the stock today. Trading traffic in PAY call options suggests some contrarian traders are positioning for shares to potentially rebound somewhat in the near term. Options traders nibbling at upside calls picked up around 600 lots at the Mar. $22 strike for an average premium of $0.55 apiece in the early going. Call buyers may profit at expiration next month in the event that VeriFone shares jump 16% off today’s low of $19.43 to exceed the average breakeven price of $22.55. Around 360 calls were purchased at the higher Mar. $23 strike at an average premium of $0.29 apiece, as well. Meanwhile, hefty paper profits may be available for one strategist who appears to have sold around 500 Mar. $34 strike calls on Wednesday afternoon ahead of today’s selloff. Time and sales data indicates the call options were sold at a premium of $1.05 apiece yesterday, contracts that can now be bought back at just $0.05 each.

RFMD - RF Micro Devices, Inc. – Bearish options are changing hands on the semiconductor components manufacturer today, with shares in RF Micro Devices tumbling on a downgrade to ‘Market Perform’ from ‘Outperform’ at Raymond James on concerns of increased competition from Qualcomm, amid a down day for U.S. stocks across the board. Shares in RF Micro Devices are down more than 13% as of midday in New York to stand at $4.49. Traders positioning for…
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Traders Hop Into BNNY Puts after Frozen Pizza Recall Sends Shares Lower

 

Today’s tickers: BNNY, LSI & RFMD

BNNY - Annie’s, Inc. – Organic and natural food products provider, Annie’s, is taking it on the chin today after the company voluntarily recalled Annie’s Homegrown Frozen Pizza. The recall, initiated as a precautionary measure “due to the possible presence of fragments of flexible metal mesh caused by a faulty screen at a third-party flour mill”, according to a press release issued yesterday, spooked investors and sent shares in the name down nearly 14% after-hours to as low as $33.20. BNNY shares are currently off their lowest levelsbut remain firmly in negative territory, down 5.4% on the session to stand at $36.40 as of 11:10 a.m. ET on Wednesday morning. Options traders bracing for shares in Annie’s to potentially weaken further in the near term snapped up bearish puts on the stock. The Feb. $35 strike puts are the most actively traded contracts, with volume approaching 480 lots versus previously existing open interest of 32 contracts. Time and sales data indicates most of the puts were purchased for an average premium of $1.00 apiece. Put buyers may profit at February expiration in the event that BNNY shares decline 6.6% from the current price of $36.40 to breach the breakeven point on the downside at $34.00. The company is scheduled to report third-quarter earnings next week.

LSI - LSI Corp. – Upside call options on the maker of semiconductors and software are active this morning ahead of the company’s fourth-quarter earnings report after the closing bell. Shares in LSI Corp. are up 0.40% on the day at $7.33 as of 11:30 a.m. ET. The bulk of the volume in LSI options changed hands at the Feb. $7.0 strike, where upwards of 3,300 in-the-money calls traded against open interest of 1,512 contracts. It looks like most of the calls were purchased during the first few minutes of the trading session at an average premium of $0.60 apiece. Call buyers stand ready to profit at expiration should the price of the underlying climb 2.6% to top the average breakeven price of $7.60. The…
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RF Semi Stocks Back in Institutional Favor – Upgrades for RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT)

RF Semi Stocks Back in Institutional Favor – Upgrades for RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT)

Courtesy of Trader Mark at Fund My Mutual Fund

We mentioned Skyworks Solutions (SWKS) had broken out yesterday but its peers were still under resistance levels.  That is no longer an issue as both TriQuint Semiconductor (TQNT) and RF Micro Devices (RFMD) received upgrades today and the computers are rushing in as technical resistance has been blasted through.  This still remains one of my favorite spaces for the move into the smart phone culture, along with a backdoor play on the smart grid.

Unfortunately, the moves have been so dramatic the age old question of "chase or not to chase" is upon us.  In this market it’s not a hard question – you chase everything.
 


 
 

 

RFMD

  • RF Micro Devices (RFMD) are trading higher this morning after UBS analyst Uche Orji raised his rating on the mobile phone chip maker to Buy from Neutral; he keeps his $5.50 price target.
  • Orji cites three reasons for the more bullish stance:
  •  
  • With an improving balance sheet, risk profile has improved.
  • New products for the handset and other markets should drive margins, revenue higher.
  • Current P/E at 10.6x next 12 months looks attractive given 5-year average of about 18x.
  • He writes in a research note that checks from the handset food chain indicate continued strong demand with no signs of inventory build.

TQNT

  • TriQuint Semiconductor (TQNT) shares are on the rise this morning after Pacific Crest analyst Nathan Johnsen lifted his rating on the chip company’s stock to Outperform from Sector Perform, setting a price target of $7. Yesterday, the stock closed at $5.67.
  • “Recent meetings with TriQuint management have allowed us to more fully appreciate the potential opportunities for TriQuint’s networks business in 2010,” he writes. While the company’s handset business remains a risk given expected pricing pressures, he thinks that the networks segment could be an offset.
  • Johnsen upped his 2010 EPS estimate to 49 cents, from 39 cents; he’s now in line with the Street.
  • The analyst contends that with TriQuint trading at 11.6x his 2010 forecast, the stock is undervalued.

No positions but mulling.

 


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Zero Hedge

Watch These Geopolitical Flashpoints Carefully

Courtesy of ZeroHedge. View original post here.

Authored by Brandon Smith via Alt-Market.com,

Anyone who has been involved in alternative geopolitical and economic analysis for a decent length of time understands that the establishment power structure thrives according to its ability to either exploit natural crises, or to engineer fabricated crises.

This is not that hard to comprehend, but for s...



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How a ‘Low Volatility’ Stock Plunged 85% in an Hour (The Wall Street Journal)

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Take a look at funds that track the MSCI Minimum Volatility Emerging Markets Index.

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Top 5 Myths About Medicare

By VW Staff. Originally published at ValueWalk.

Google Trends data shows Health Care queries in the US is a reaching an all-time high in search engines (peaking at over 100k search volume). As health care changes are currently being discussed by lawmakers, Medicare coverage searches having increased over 250% within the last 7 days. Medicare Part B, which charges beneficiaries’ premium based on their income, has jumped the top search term in Google for Medicare related queries.

United Medicare Advisors has identified the The 5 Medicare Myths that Cause Confusion Among Seniors...



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Fund flows of this size could mark a top, says Joe Friday

Courtesy of Chris Kimble.

A year ago flows into ETFs were extremely low, actually the lowest in years, as many stock market indices were testing rising support off the 2009 lows. The crowd wasn’t adding money to ETFs as lows were taking place. In hindsight, this was a mistake by the majority. Below I look at ETF flows over the past few years with an inset chart of the S&P 500.

CLICK ON CHART TO ENLARGE

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Indecision Strikes

Courtesy of Declan.

It was no real surprise to see indices slow down in their recovery. Across the board doji mark a balance between buyers and sellers. The one index which bucked the trend a little was the Russell 2000. It staged a modest recovery which brought it back to former support turned resistance. However, technicals remain firmly bearish, and will stay this way even if there are additional gains.

The S&P closed on light volume with a doji below resistance. The narrow intraday trading range offers a low risk opportunity with a break and ...

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Members' Corner

Natterings

Check out some new posts from our friend The Nattering Naybob. 

The Big Lebowski Sequel?

Taking a "resp-shit" or "potty break" from "in the Toilet Thursday" or "Thursday's in the Loo"... One of our favorite scenes from the 1998 cult classic The Big Lebowski, the ash can scene where Walter Subchak (John Goodman) eulogizes the departed Donnie (Steve Buscemi) with Jeffrey Lebowski (Jeff Bridges) looking on.

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Swing trading portfolio - week of March 20th, 2017

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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Bitcoin Tumbles Below Gold As China Tightens Regulations

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Mapping The Market

Congress begins rolling back Obama's broadband privacy rules

Courtesy of Jean Luc

I am trying to remember who on this board said that people wanted to Trump because they want their freedom back. Well….

Congress begins rolling back Obama's broadband privacy rules

By Daniel Cooper, Endgadget

ISPs will soon be able to sell your most private data without your consent.

As expected, Republicans in Congress have begun the process of rolling back the FCC's broadband privacy rules which prevent excessive surveillance. Arizona Republican Jeff Flake introduced a resolution to scrub the rules, using Congress' powers to invalidate recently-approved federal regulations. Reuters reports that the move has broad support, with 34 other names throwing their weight behind the res...



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Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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

I'm seeing huge insider buying in the biotech company The Medicines Company (MDCO). The price has already moved up around 7%, but these buys are significant, in the millions of dollars range. ~ Ilene

 

 

 

Insider transaction table and buying vs. selling graphic above from insidercow.com.

Chart below from Yahoo.com

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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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