Posts Tagged ‘SFLY’

Shutterfly Shares Shoot Higher After Earnings

 

Today’s tickers: SFLY, SU & SHS

SFLY - Shutterfly, Inc. – Options volume on Shutterfly jumped this morning and shares in the online photo-sharing services provider jumped nearly 20% to a new 52-week high of $40.20 after the company posted higher-than-expected fourth-quarter revenue and forecast annual sales above average analyst expectations. Traders positioning for shares in Shutterfly to extend gains in the near term snapped up February expiry calls on the stock today. Upwards of 1,100 calls have changed hands at both the Feb. $40 and $42.5 striking prices as of 11:40 a.m. ET, and it looks like much of the volume was purchased in the early going at average premiums of $0.96 and $0.39 apiece, respectively. Call buyers may profit at expiration next week if SFLY’s shares increase another 1.9% and 6.7% to exceed average breakeven prices of $40.96 and $42.89. Bullish positions established ahead of Shutterfly’s fourth-quarter earnings report fetched hefty overnight paper profits forsome options players today. Traders who yesterday purchased around 300 calls at the Feb. $32.5 strike for an average premium of $1.88 each, today find these contracts have quadrupled in value, changing hands at a premium of $7.60 apiece, just before midday in New York. Roughly 250 calls were picked up at the Feb. $37.5 strike on Tuesday for an average premium of $0.37 per contract. Traders long the $37.5 strike call options today hold contracts that have increased eight-fold overnight to $3.10 each as of last check on Wednesday morning at 11:50 a.m. ET. Overall options volume on Shutterfly is approaching 10,600 contracts, a big jump versus the stock’s average daily options volume of around 1,140 contracts.

SU - Suncor, Inc. – Shares in Suncor, the largest Canadian energy company by market value, dropped 5.7% today to $32.55 after the company posted a first quarter loss on Tuesday after the close. Options volume on Suncor today is nearly five times greater than average, with more than 25,500 contracts in play on the stock versus average daily options volume of 5,670 contracts. The bulk of the volume is changing hands…
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Bullish Plays Crop Up In Consumer Staples ETF Call Options


Today’s tickers: XLP, WMT & SFLY

XLP - Consumer Stapes Select Sector SPDR Fund – Options activity on the Consumer Staples SPDR in the first 10 minutes of the session suggests one strategist is long-term bullish on shares in some of the largest and most well-known U.S. companies. Shares in the XLP are up 1.0% today at $34.11, just off the ETF’s record high of $34.42, as U.S. equities move broadly higher. The XLP’s top 10 holdings, which make up nearly 70% of the fund, include Dow heavyweights the likes of Procter & Gamble, Coca-Cola and Wal-Mart Stores. Coca-Cola, the fund’s second-largest holding, is up nearly 3.0% this afternoon after the Company reported better-than-expected first-quarter results. The long-dated options position established on the ETF this morning stands to benefit from substantial bullish movement in the price of the underlying over the next year and eight months to expiration. It looks like the trader responsible for the transaction purchased a block of 10,000 calls at the Jan. 2014 $37 strike for a premium of $0.89 apiece. Profits are available on the position at expiration if shares in the XLP climb 11.0% to top a new record high of $37.89. A couple of hours into the trading day the same-strike call expiring in January 2013 was purchased 26,600 times at a premium of $0.23 each.

WMT - Wal-Mart Stores, Inc. – The value of a sizable bullish bet initiated in Wal-Mart call options yesterday ballooned overnight, as shares in the retailer extend their run to the upside for a second straight day. Shares in WMT are currently up 2.05% at $61.81 as of 11:35 a.m. in New York, the highest since mid-February, on positive U.S. same-store sales data. On Monday, WMT popped up on our market scanners after a large…
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Traders Take To Joy Global Call Options

 

Today’s tickers: JOY, SFLY & PFE

JOY - Joy Global, Inc. – Shares in mining equipment maker, Joy Global, rallied as much as 3.2% at the start of the session to $75.18, but the stock has since slipped into negative territory, trading down 0.50% to stand at $72.51 as of 12:50 p.m. in New York. Call buying on JOY this morning indicates traders are gearing up for shares in the Milwaukee, Wisconsin-based Company to increase in the near term. Weekly calls and front month calls saw the most action today before the stock surrendered gains to join in on the broad market decline. In-the-money $70 strike weekly calls changed hands 1,000 times for an average premium of $3.89 apiece, and appear to have been purchased by traders expecting shares to top $73.89 at expiration. Call buyers also targeted the $75 and $77.5 strike weekly options, snapping up more than 400 lots at each strike at average premiums of $1.66 and $0.32 each, respectively. Front month calls were most active at the April $80 strike, where more than 4,650 contracts traded against open interest of 3,935 positions. It looks like the majority of the contracts were purchased for an average premium of $0.47 apiece, thus positioning buyers to make money should Joy Global’s shares jump 11.0% to exceed the average breakeven price of $80.47 at expiration next week.

SFLY - Shutterfly, Inc. – The selloff in shares of Shutterfly continued for a second-straight day on news Facebook will pay roughly $1 billion to buy Instagram’s photo-sharing application. SFLY’s shares are 4.4% lower today to stand at $26.98, but have lost 60.0% of their value in the past 52 weeks since reaching an all-time high of $66.70 back on April 28, 2011. Some traders appear to be positioning for the…
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Options Trader Positions for Airline Recovery Story

Today’s tickers: UAL, HBI, SFLY & TOL

UAL - United Continental Holdings, Inc. – The airline operator’s shares rose 4.3% this morning to an intraday high of $23.76, rebounding 9.7% off of its lowest point of the week at $21.65, but still trading substantially lower than last week’s closing price of $27.02. Shares relinquished some of the earlier gains this afternoon to stand 1.65% higher on the session at $23.16 as of 12:15pm in New York. At least one options strategist is positioning for UAL’s shares to continue recovering in the next couple of months. It looks like the investor employed April contract ratio call spreads to prepare for a sizable, albeit limited, correction higher by expiration day. The trader appears to have purchased approximately 3,000 in-the-money calls at the April $22 strike for an average premium of $2.49 apiece, and sold roughly 6,000 calls up at the April $27 strike for an average premium of $0.52 each. The net cost of the transaction amounts to an average of $1.45 per contract, and positions the trader to profit in the event that UAL’s shares rally 1.25% over the current price of $23.16 to surpass the average breakeven point on the upside at $23.45 by April expiration. Maximum potential profits of $3.55 per contract are available to the trader should shares in United Continental Holdings jump 16.6% to settle at $27.00 at expiration in a couple of months. The sale of twice as many higher-strike call options expose the investor to losses should the stock fly higher than he expects within the time remaining to expiration. Profits give way to losses on this strategy if shares in UAL jump 31.9% to exceed the upper breakeven price of $30.55 by April expiration day. The call options transacted in the ratio spreads represent opening positions given the minimal levels of open interest observed at either strike price.…
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Phil's Favorites

Guarding against the possible Spectre in every machine

 

Guarding against the possible Spectre in every machine

Courtesy of Scott ShackelfordIndiana University

A call to better track manufacturing, shipping and distribution. Travel mania/Shutterstock.com

Security vulnerabilities in technology extend well beyond problems with software. Earlier this month, researchers revealed that the hardware at the heart of ...



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ValueWalk

Bill Miller On Amazon, Google, Facebook And Bitcoin

By VW Staff. Originally published at ValueWalk.

Miller Value Partners’ Bill Miller holds the record for being the only mutual fund manager to beat the market for 15 years in a row. One way he did it is by investing in new technologies that the Wall Street establishment thought were crazy at the time – Amazon, Google, and Facebook among them. His latest “crazy” idea: Bitcoin.

]]> Get The Timeless Reading eBook in PDF

Get the entire 10-part series on Timeless Reading in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues.

Listen to the audio only version here:

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Zero Hedge

Global Markets Shrug As US Government Shutdown Enters Day 3

 

Global Markets Shrug As US Government Shutdown Enters Day 3

Courtesy of Zero Hedge

Global stocks and U.S. bond markets on Monday shrugged off day three of the US government shutdown in Washington, although the dollar pulled back as the euro continued its strong start to the year, while U.S. stock index futures dipped less than 0.1% on expectations that the political impasse will not hurt the U.S. economy and that it will be resolved shortly, which may prove to be an overly optimistic outlook.

Here is Bloomberg's quick on what has been a particularly quiet overnight session:

Exceptionally quiet European session due to lack of pert...



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Digital Currencies

Cryptos Are Crashing Again...

 

Cryptos Are Crashing Again...

Courtesy of Zero Hedge

From South Korean bank blocks to Bulgarian ponzi scheme shutdowns and a Bali bitcoin crackdown, you can take your pick as to what is driving the sudden plunge in cryptocurrencies this morning. Ethereum is back below $1000, Bitcoin is back to a $10k handle, and Ripple is down 30% from the weekend's highs.

Weakness began around 6amET but really accelerated at around 8am ET...

With Bitcoin and Ethereum breaking key support levels..

The catalyst for the move is uncertain at best with numerous headlines over the weekend:

OneCoin offices ...



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Chart School

Weekly Market Recap Jan 21, 2017

Courtesy of Blain.

Investors suffered through two whole days of losses in a shortened week – but the indexes still gained on the week!  Boo yah!  Even a sharp reversal Tuesday (gap up, close at the lows) – which is usually negative short term – couldn’t stop the freight train.  Earnings season kicked off in earnest.  The government shutdown put absolutely zero fear into markets.

“I would characterize a shutdown as just the kind of political news that the market has demonstrated, over the past year, a willingness to ignore,” said Hank Smith, co-chief investment officer at Haverford Trust, which manages $8 billion.

The S&P 500 gained 0.9% for the week, while the NASDAQ jumped 1.0%.

Peter Boockvar, chief investment officer at wealth manager Bleakley Financial G...



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Insider Scoop

34 Biggest Movers From Friday

Courtesy of Benzinga.

Gainers
  • Forward Industries, Inc. (NASDAQ: FORD) shares surged 137.9 percent to close at $2.95 on Friday after the company reported the acquisition of Intelligent Product Solutions.
  • NuCana PLC (ADR) (NASDAQ: NCNA) shares climbed 41.55 percent to close at $20.51 as the company announced plans to initiate a Phase 3 study of Acelarin in front-line advanced biliary tract cancer.
  • New Age Beverages Corporation (NASDAQ: NBEV) shares jumped 22.5 percent to close at $3.92 on Friday.
  • ...


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Biotech

How Alzheimer's disease spreads throughout the brain - new study

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

 

How Alzheimer's disease spreads throughout the brain – new study

Courtesy of Thomas E CopeUniversity of Cambridge

Harmful tau protein spreads through networks. Author provided

Alzheimer’s disease is a devastating brain illness that affects an estimated 47m people worldwide. It is the most common cause of dementia in the Western world. Despite this, there are currently no treatments that are effective in curing Alzheimer’s disease or preventing its relentless progressio...



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Mapping The Market

Trump Admin Bans CDC From Using Words Like 'Science-Based,' 'Diversity'

By Jean-Luc

These are the policies of a theocracy, not a modern democracy:

Trump Admin Bans CDC From Using Words Like ‘Science-Based,’ ‘Diversity’

The Trump administration has prohibited the Centers for Disease Control and Prevention (CDC) from using words like “science-based,” “diversity,” and “transgender” in their official documents for next year’s budget, according to the Washington Post.

Senior CDC budget leader Alison Kelly met with the agency’s policy analysts on Thursday to announce ...



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Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



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OpTrader

Swing trading portfolio - week of September 11th, 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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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



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Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



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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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