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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ValueWalk

Central Asia: Challenges Ahead For China's Belt And Road Project

By EurasiaNet. Originally published at ValueWalk.

China’s bid to expand its economic presence in Eurasia – embodied in its “Belt and Road” initiative – requires a major upgrade of railway capacity, especially in Central Asia. Planning and implementing the upgrade entails significant challenges involving coordination, both domestically among various Chinese state agencies and entities, and internationally between China and Central Asian states.

christels / PixabayChina Central Asia

The railway component of the Belt and Road is ambitious, with an abundance of moving parts. The concept relies on ...



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Zero Hedge

Larry Fink Lashes Out At Trump Tax Plan: America's On "A Path To Exploding Deficits"

Courtesy of ZeroHedge. View original post here.

The US economy is on "pause" because of the new administration, according to Blackrock's Larry Fink, and Trump's tax proposals are unlikely to spur enough economic growth (due to demographics), leaving America "on the path to exploding deficits."

Just a week after the CEO of the world's largest asset manager said that “the warning signs are getting darker" and pointed to slowing auto ...



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Phil's Favorites

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

The US economy just grew at its slowest pace in 3 years (Business Insider)

The US economy grew by 0.7% in the first quarter, weaker than expected, according to an advance estimate of gross domestic product from the Department of Commerce released on Friday.

Oil's April Rollercoaster Takes It Back to $50 on Supply Dilemma (Bloomberg)

Futures are down 2.4 percent this month in New York after slipping 6.3 percent in March. What’s worrying investors is expanding U.S. crude production, which threatens...



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Market News

News You Can Use From Phil's Stock World

 

Financial Markets and Economy

The US economy just grew at its slowest pace in 3 years (Business Insider)

The US economy grew by 0.7% in the first quarter, weaker than expected, according to an advance estimate of gross domestic product from the Department of Commerce released on Friday.

Oil's April Rollercoaster Takes It Back to $50 on Supply Dilemma (Bloomberg)

Futures are down 2.4 percent this month in New York after slipping 6.3 percent in March. What’s worrying investors is expanding U.S. crude production, which threatens...



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Kimble Charting Solutions

Gold Miners; Largest outflows in history could be bullish, says Joe Friday

Courtesy of Chris Kimble.

Could historical outflows present an opportunity? Yesterday Sentimentrader.com reported that outflows from Gold Miners ETF’s GDX and GDXJ topped $800 million on 4/26, the largest single day outflows in history. 

Below looks at Gold Miners ETF GDX, reflecting where these large outflows took place.

CLICK ON CHART TO ENLARGE

The long-term trend since...



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Insider Scoop

Exclusive: Ritter Pharmaceuticals CEO Talks Stock Scare, Indication Niche

Courtesy of Benzinga.

Andrew Ritter, co-founder and president of Ritter Pharmaceuticals Inc (NASDAQ: RTTR), has found his niche.

There are currently no FDA-approved treatments or reliable over-the-counter remedies for the 40 million Americans suffering lactose intolerance, and to Ritter’s surprise, no biotech firm except his is focusing in on the space.

“I don’t know [wh...



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Chart School

Semiconductors Tick Along

Courtesy of Declan.

It was another quiet day for indices but the Semiconductor index was able to add over 1% on the day. This also helped post gains to the Nasdaq 100, although there was a relative gain for the Semiconductor Index against the latter index.


The Nasdaq 100 registered an accumulation day despite its underperformance against Small Caps. The index remains well placed to make a move to upper channel resistance.

...

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Digital Currencies

Bitcoin Spikes To Record Highs

Courtesy of ZeroHedge. View original post here.

US dollar prices for virtual currencies are soaring. Both Bitcoin ($1343 highs) and Ethereum (as we described previously) are at new record highs as China regulators/exchanges appear to have 'stabilized', fears over the so-called 'hard fork' have abated, and hopes for an ETF have been revived by an SEC review.

Back above the price of gold and at record highs, Bitcoin rallied notably overnight after China's largest bitcoin exchanges introduced a flat 0.2% fee on eac...



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OpTrader

Swing trading portfolio - week of April 24th, 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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Members' Corner

Should I buy that stock?

Courtesy of Phil Stasukaitis (pstas)

I was asked by my local investment club to do a presentation on "how to buy a stock?" As I pondered the question, I began by noting all the elements that I monitor regularly and which come in to play as part of my decision process. As the group is comprised novices to experts, I tried to gear my discussion to cover both basics and more advanced concepts.

Four Part Discussion

  1. Macro Economic Indicators
  2. Market Indexes
  3. Fundamental Analysis
  4. Technical Analysis

1. Macro Economic Indicators

We'll start with reviewing some basic concepts and measurements that have direct effects on the stock market. 

A. Gross Domestic Product (GDP)

...

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Mapping The Market

Bombing - Right or Wrong?

Courtesy of Jean-Luc

I am telling you Angel – makes no sense… BTW:

Republicans Love Bombing, But Only When a Republican Does It

By Kevin Drum, Mother Jones

A few days ago I noted that Republican views of the economy changed dramatically when Donald Trump was elected, but Democratic views stayed pretty stable. Apparently Republicans view the economy through a partisan lens but Democrats don't.

Are there other examples of this? Yes indeed. Jeff Stein points to polling data about air strikes against Syria:

Democr...



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Biotech

CAR-T & CRISPR - the Future is Now

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

PSW Members....it has been a while since my last post, but since many have all been on the board following the chat, it is time for a scientific lesson in a few of the companies we are long.  In addition, another revolution is coming in the medical field, and it will be touched upon as well.

CAR-T - stands for Chimeric antigen receptors (CARs) and the T is for T-cell.  

From the picture above, T-cells are one cell type of our immune system that fight off infection as well as they are one player at keeping rogue cells from becoming cancerous. Unfortunately, cancer somehow evades the immune system and so it begins.

CAR-T came along in the late1980s via a brilliant scientist, Zelig Eshhar...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

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.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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