Posts Tagged ‘SNDK’

Options On Cree Light Up As Shares Sprint To The Upside

 

Today’s tickers: CREE, SNDK & JPM

CREE - Cree, Inc. – Options on the maker of energy-efficient LED lighting products are buzzing today, with overall volume rising to more than twice the average daily level for the stock during the first half of the trading session. Shares in Cree are up more than 16% on the day at $52.15 as of 11:15 a.m. in New York. The stock gapped higher on the open after the company raised its guidance for third-quarter earnings and revenue, lifting the price of the underlying to its highest level since March of 2011. Traders positioning for further upside in shares of Cree, Inc. picked up bullish options on the stock straight out of the gate this morning. Weekly calls are attracting light volume, with notable fresh interest in the Mar. 08 ’13 $52.5 strike contracts. Traders appear to be buying the short-dated contracts at an average premium of $0.19 apiece. Call volume is substantial in the April expiry options, notably in the $52.5 strike contracts where more than 6,000 calls changed hands against open interest of just 86 contracts by 11:30 a.m. ET. One or more traders appear to have purchased the bulk of the volume for an average premium of $1.25 apiece within the first 10 minutes of the opening bell today. Initiating the bullish trades at the start of the session is paying off for buyers of the April $52.5 strike calls, with premium required to purchase the contracts having more than doubled since this morning to $2.59 by 11:35 a.m. ET.

SNDK - SanDisk Corp. – Shares in SanDisk increased 2.0% to $51.43 on Tuesday morning amid strong gains in U.S. equities and a price target increase to $70.00 from $55.00 at Susquehanna. Options activity on the provider of data storage products and solutions suggests traders are prepared for shares in the name to extend gains in the near term. Volume in SNDK options is concentrated in the weekly calls as of the time of this writing, with upwards of…
continue reading


Tags: , ,




Options Volume Pops At Urban Outfitters As Shares Hit Fresh 52-Week High

 

Today’s tickers: URBN, STT & SNDK

URBN - Urban Outfitters, Inc. – Shares in Urban Outfitters gained the most in the S&P 500 Index on Tuesday morning after the operator of retail brands Free People, Anthropologie and Urban Outfitters, posted better-than-expected second-quarter earnings and sales. The positive earnings surprise and an upgrade to ‘Outperform’ from ‘Market Perform’ at William Blair & Co. sparked a more than 20% rally in the price of the underlying at the open to a new 52-week high of $37.65. Options traders positioning for further upside in the near term picked up out-of-the-money call options in the first hour of the session. The front month options are the most actively traded contracts on Urban at present. Volume is heaviest in the Sep. $37 strike call, where more than 1,700 lots changed hands against open interest of just 72 contracts. Buyers in the early going paid an average premium of $1.15 per contract for nearly 500 hundred of the $37 strike call options, while the bulk of the volume traded to the middle of the market. Several hundred upside call options were also purchased at the Sep. $38, $39 and $40 strikes, indicating some strategists are positioning for shares in the specialty retailer to extend gains during the next four weeks to expiration. Traders paid an average premium of $0.20 per contract for around 400 of the Sep. $40 strike calls. The bullish stance may pay off at expiration in the event URBN shares surge 7% over today’s high of $37.65 to top the average breakeven point at $40.20, the highest level for the stock since April 2010. All told, more than 20,000 options are in play on Urban Outfitters as of 11:45 a.m. New York time, roughly five times the stock’s average daily options volume of 4,060 contracts.

STT - State Street Corp. – The provider of investment management services popped up on our scanners early in the trading session after…
continue reading


Tags: , ,




Takeover Chatter Sparks Heavy Volume In Electronic Arts Options

 

Today’s tickers: EA, BKS & SNDK

EA - Electronic Arts, Inc. – Speculative bullish bets are on the rise in Electronic Arts this morning after the New York Post reported, according to unnamed sources, that the second-largest U.S. video game publisher has been approached by private equity firms and may be interested in a $20.00 a share deal. The latest from the rumor mill sent shares in EA up as much as 10% to $14.39 and drove options volume to roughly 10 times the average daily volume by 12:30 p.m. in New York. More than 63,000 contracts have traded on Electronic Arts so far today, with approximately three calls changing hands for each single put option in play. Traders looking for further upside in the near term picked up calls at the Sept. $14 and $15 strikes, paying average premiums of around $0.83 and $0.47 apiece, respectively. The largest trade in EA options this morning was the purchase of a block of 15,855 of the Sept. $16 strike call at a premium of $0.25 each. The buyer of the contracts stands ready to profit at expiration next month should EA shares surge 18% over the current price of $13.78 (EA share price as of 12:45 p.m. ET) to top the breakeven point at $16.25. Of course, the strategist could lose the full $0.25 in premium paid to establish the position should shares remain south of the $16.00-level at expiration.

BKS - Barnes & Noble, Inc. – Bears are snapping up downside puts on Barnes & Noble for a second consecutive day as shares in the bookseller continue to sell off. Shares are down 1.3% on the day at $12.38 in afternoon trading. The most active contracts are the Sept. $11 strike puts that have changed hands 2,200 times in the first half of the session against open interest of 1,589 contracts. It looks like most of the puts were purchased at a premium of $0.90…
continue reading


Tags: , ,




Thrill-Ride Thursday – Here We Go Again

SPY 5 MINUTEWheeeeee!

We are just loving these crazy-assed market moves.  Every morning we have a pump job to short into and every afternoon there is a BS stick-save to re-establish our shorts.  It's merely a matter of time before those floors begin to crack.  I mean, really – how much of this abuse can they take?  

Notice, in Dave Fry's SPY chart, the high-volume selling followed by low-volume pumping – that's the very unhealthy pattern the "rally" was built on, which means there really aren't any buyers waiting to scoop up shares when they dip – just Trade Bots that tease the indexes higher so the IBanks can keep pulling in the bag-holders as the "smart money" stampedes for the exits. 

Yesterday was great fun.  As I noted in the morning post, we went short on the Oil Futures (/CL) at $104.50 in our morning Member Chat and even in the morning post there was still time to catch it at $104.  Oil sold off all the way to $102.60 at 2:10 and my 2:14 comment to Members nailed the turn as I said:  

Oil coming right to our goal at $102.50 ($38.50 USO) so let's not be greedy and look to take $1.20 off the table on those 1/2 USO positions in the $25KP and $5KP as it's better to get out while the gettin's good

USO WEEKLYThat's what we mean when we talk about taking non-greedy exits (I had set $38.50 as my USO target for our exit at 11:08 but it didn't look like we'd get it so we got out).  We caught the bottom and got out clean and this morning we got a chance to re-load our shorts at $103.50 on that predictable morning pump.  Sure, you can say the markets aren't fixed and maybe we just have amazingly good timing – either way we make the same money!

We did manage to find a few things we liked, one of which was CHK, as the stock plunged to $17.20 on much ado about not too much as people took issue with the CEO borrowing money to invest in their wells.  We didn't think it was such a big deal and our trade idea at at 10:23 in Member Chat gave us a good opportunity to buy right into the day's…
continue reading


Tags: , , , , , , , , , , , , , , , ,




XLF Put Options In Play As Shares Slip

Today’s tickers: XLF, JACK & SNDK

XLF - Financial Select Sector SPDR ETF – Financials joined the broad market breather today, extending declines spurred by Tuesday’s FOMC minutes, and exacerbated first by a weak bond auction in Spain, and next by the lower-than-expected ISM non-manufacturing number. The XLF is off its lows of the session, but remains down 1.7% at $15.56 as of 1:30 p.m. in New York. The dip in financials today appears to have sparked a rush for downside protection, perhaps as some strategists seek to protect the double-digit rally in the sector since the start of the New Year. The XLF is up 17.0% year-to-date even with today’s decline, and it seems some traders are snapping up put options on the ETF to brace for potential continued bearish movement in the price of the underlying. Options players exchanged more than 55,000 puts at the May $15 strike against open interest of 18,287 contracts. It looks like nearly all of the puts were purchased for an average premium of $0.29 apiece, with the single largest trade printing 29,894 contracts in the first hour of the session. The put options yield profits – or downside protection – in the event that XLF shares drop 5.5% to breach the average breakeven price of $14.71 at expiration next month.

JACK - Jack in the Box Inc. – A large block of call options in play on Jack in the Box appears to be one part of a bearish stock and options combination strategy that pays off if shares in the operator of Jack in the Box and Qdoba Mexican Grill restaurants pull back. JACK’s shares are down 2.6% at $23.19 as of 12:05 p.m. in New York. It looks like one trader purchased 6,000 calls at the Sep. $25 strike…
continue reading


Tags: , ,




Put Plays Suggest Dim View Of First Solar Through Year End

Today’s tickers: FSLR, DBC, CDE & SNDK

FSLR - First Solar, Inc. – Put options are active on the world’s largest maker of thin-film solar modules this morning, with shares in the Tempe, Arizona-based company falling as much as 8.35% to touch an intraday low of $66.23. Shares fell after analysts at Cantor Fitzgerald lowered their 2011 EPS estimates for First Solar, cut their target share price to $55.00 from $88.00, and reiterated a ‘Sell’ rating on the stock. A debit put spread initiated in the December contract may yield maximum potential profits to one bearish trader if shares in FSLR drop to $55.00 at expiration. It looks like the trader purchased 2,000 in-the-money puts at the Dec. $70 strike for an average premium of $11.50 each, and sold the same number of puts at the lower Dec. $55 strike at an average premium of $4.83 apiece. Net premium paid to initiate the spread amounts to $6.67 per contract. The investor profits at expiration in December if shares in First Solar fall 4.4% off today’s low of $66.23 to breach the effective breakeven point on the spread at $63.33. Maximum potential profits of $8.33 per contract are available to the trader should shares plunge 16.95% to trade below $55.00 at December expiration. Options implied volatility on the stock is up 10.05% at 85.13% as of 12:30 pm EDT.

DBC - PowerShares DB Commodity Index Tracking Fund – Shares in the PowerShares DB Commodity Index Tracking Fund, an ETF that tracks the performance of the DBIQ Optimum Yield Diversified Commodity Index Excess Return, are down slightly by 0.20% to stand at $27.05 this morning. The price of the underlying has fallen 10.5% since the start of September, but options activity on the fund today suggests at least one strategist may benefit from…
continue reading


Tags: , , ,




Options Strategist Portends Sharp Rally in St. Jude Medical

Today’s tickers: STJ, POT, SNDK & FXI

STJ - St. Jude Medical, Inc. – A three-legged bullish options combination play on St. Jude Medical cost $8,500 to initiate today, but the strategist responsible for the transaction could walk away with more than $1.26 million in his wallet come January 2012 expiration. The options player appears to have sold puts on the medical devices maker to offset premium required to purchase a bull call spread. Shares in St. Jude Medical are currently down 1.9% to stand at $46.49 as of 1:10pm on the East Coast.

The investor sold 1,700 puts at the Jan. 2012 $40 strike for a premium of $1.70 each, purchased the same number of calls up at the Jan. 2012 $50 strike at a premium of $2.45 per contract, and sold 1,700 calls at the Jan. 2012 $57.5 strike for premium of $0.70 apiece. The net cost of putting on the three-way trade amounts to $0.05 per contract or a total of $8,500. The spread positions the trader to make money should STJ’s shares rally 7.7% over the current price of $46.49 to exceed the effective breakeven price of $50.05 at expiration next year. Maximum potential profits of $7.45 per contract, or $1,266,500, are available to the investor if the price of the underlying stock jumps 23.7% in the next seven months to trade above $57.50 at expiration in January. The trader loses the $8,500 paid to establish the position if shares fail to rally as predicted. Additional losses accumulate if shares are sharply lower at expiration. The short stance in Jan. 2012 $40 strike puts indicates the investor may wind up having 170,000 shares of the underlying put to him at $40.00 each should the options land in-the-money at expiration day. The maximum payload requires STJ…
continue reading


Tags: , , ,




Options Strategists Take the Wheel at Ford Motor Co.

 Today’s tickers: F, NKE, TSRA, PCX, STI, CSCO & SNDK

F - Ford Motor Co. – A couple of large-volume spreads initiated in longer-dated call and put options on the automaker caught our eye this afternoon. Shares in Ford Motor Company increased 0.90% this afternoon to stand at $17.00 in the final minutes of the trading day. It looks like one bullish player employed the use of a debit call spread in the April 2011 contract while a more cautious investor utilized a ratio put spread expiring in June of 2011. The options optimist picked up 10,000 calls at the April 2011 $17 strike for a premium of $1.25 each, and sold the same number of calls at the higher April 2011 $20 strike at a premium of $0.29 apiece, in order to position for continued bullish movement in the price of the car manufacturer’s shares. The trader paid a net premium of $0.96 per contract for the spread, and is positioned to make money should Ford’s shares rally another 5.6% over the current price of $17.00 to exceed the effective breakeven point at $17.96 by expiration day in April. Maximum potential profits of $2.04 per contract are available to the call-spreader if Ford’s shares jump 17.6% to first surpass the current 52-week high of $17.42 on the stock, and ultimately trade above $20.00 ahead of expiration. Further along in the June 2011 contract, another strategist dabbled in put options, perhaps as a way to hedge a long position in the underlying shares through the first half of 2011, or alternatively to bet on a pullback in Ford’s shares. It looks like the investor picked up 12,500 puts at the June $17 strike at a premium of $1.63 each, and sold 25,000 puts at the lower June 2011 $14 strike for a premium of $0.54 a-pop. The trader paid a net $0.55 per contract for the ratio spread and starts making money if Ford’s shares slip beneath the effective breakeven price of $16.45 ahead of June expiration. The investor may walk away with maximum potential profits of $2.45 per contract in the event that the automaker’s shares plunge 17.6% to settle at $14.00 at expiration day. Selling twice…
continue reading


Tags: , , , , , ,




Contrarian Player Positions for Rebound in Cytokinetics Shares in 2011

 Today’s tickers: CYTK, SNDK, XCO, GIII & CFN

CYTK - Cytokinetics, Inc. – One bullish options investor appears to be taking advantage of the massive pullback in the price of the biopharmaceutical company’s shares today by initiating a sizeable buy-write strategy using call options expiring in June of 2011. Cytokinetics’ shares fell as much as 23.2% during the session to touch an intraday low of $2.25 despite seemingly positive results from its Phase 2a trial of its experimental drug therapy aimed at improving quality of life for patients suffering from Lou Gehrig’s disease. Reports indicated the firm plans to launch another mid-stage trial to test multiple doses of the drug over a three-month period in the first half of 2011. The covered-call seller populating CYTK today is well positioned to benefit from a rebound in the price of the underlying shares in the first half of 2011. It looks like the investor purchased 395,000 shares of CYTK at a price of $2.32 each, and sold 3,950 calls at the June 2011 $2.5 strike for a premium of $0.45 a-pop. The sale of the call options effectively reduces the price paid to get long the stock from $2.32 a share to $1.87 each. Thus, the buy-write strategist is positioned to accrue maximum gains of 33.7% on the long stock position in the event that Cytokinetics’ shares surge 11.1% over today’s low of $2.25 to exceed $2.50 a share ahead of expiration day in June. The investor may have the underlying stock position called from him at $2.50 each if the calls land in-the-money at expiration, thus allowing him to exit the position with the 33.7% rise in shares from $1.87 to $2.50. More than 4,050 calls changed hands at the June 2011 $2.5 strike today, versus previously existing open interest of just 451 contracts at that strike.

SNDK - SanDisk Corp. – Bulls are picking up in- and out-of-the-money call options on the maker of flash-based storage products once again today with shares in SanDisk Corp. trading…
continue reading


Tags: , , , ,




Bulls Find Lululemon Call Options Irresistible as Shares Soar

Today’s tickers: LULU, IRM, GAP, SNDK, STI & DFS

LULU - Lululemon Athletica, Inc. – Shares of the yoga clothing and accessories maker stretched and lengthened up to new all-time highs yet again today, attracting bullish options players more than willing to flex their call-buying muscles in the December and January 2011 contracts. LULU’s shares jumped more than 8.95% to secure an intraday- and new all-time high of $69.25 in the final thirty minutes of the trading week. The Canadian company’s shares have been unstoppable, rallying an incredible 167.5% to today’s high from a 52-week low of $25.75 on February 5, 2010. Shares are up 1,490.8% since March 6, 2009, when the stock touched down at an all time low of $4.33 a share at around the same time the S&P 500 Index hit rock-bottom in the most recent economic recession. Investors unwilling to stand in the way of such a driving force picked up call options on Lululemon to position for additional share price gains going forward. Traders purchased some 1,100 in-the-money calls at the December $65 strike for an average premium of $2.67 each. Call buyers at this strike profit if LULU’s shares exceed the average breakeven price of $67.67 through December expiration. Other bullish players sold roughly 1,650 puts at the December $65 strike to pocket premium of $1.08 per contract. Put sellers keep the full premium received on the transaction as long as shares trade above $65.00 through expiration in one week. Investors short the puts are happy to have shares of the underlying stock put to them at an average price of $63.92 a share in the event that the puts land in-the-money at expiration. Bullish players skipped to the January 2011 contract to purchase out-of-the-money calls, as well. Investors bought more than 1,000 January 2011 $70 strike calls for an average premium of $2.21 each. Uber-bullish players picked up another 2,000 calls at the higher January 2011 $75 strike at an average premium of $1.19 a-pop. Call…
continue reading


Tags: , , , , ,




 
 
 

Phil's Favorites

What Doug Jones's win means for Mitch McConnell, Steve Bannon and the Democrats

 

What Doug Jones's win means for Mitch McConnell, Steve Bannon and the Democrats

Courtesy of David C. BarkerAmerican University

Senate Majority Leader Mitch McConnell calls for Roy Moore to step aside. He later said “let the voters decide.” AP Photo/J. Scott Applewhite

Here’s the thing about selling your soul: The devil had better deliver. It’s one thing to be damned; it’s another to be a damned loser.

This is the difficult lesson that the Republican National Committee and much of the GOP are learning right now, in the wake of Ro...



more from Ilene

Zero Hedge

Alibaba Launches Giant Car Vending Machines In China

Courtesy of Zero Hedge

Shares of Alibaba fell on Thursday morning, despite an exciting news story involving the Chinese e-commerce juggernaut, which is rushing to shake up the way people buy cars in China. Alibaba seems to be taking a page from Amazon’s acquisition of Whole Foods, with the continued push into physical retail. The plan outlined by Alibaba, is to open two giant car vending machines in early 2018, shaped like a futuristic tubular building with a giant cat’s head on top.

Having monopolized the online world, Alibaba continues to push offline with investments in Chinese bricks and mortar retailers.

Alibaba CEO Daniel Zhang said back in November, “physical store...



more from Tyler

Chart School

Tape Reading - Dow Jones Price Waves

Courtesy of Read the Ticker.

This is a continuation of price wave analysis.

More from RTT Tv

RTT Volume wave analysis like this helps the retail investor find price action that is true. The reference to 'tape reading' is by the definition of Richard Wyckoff (section 5M of the Wyckoff Course), you can learn more about RTT Volume Wave here.





NOTE: readtheticker.com does allow users to load objects and text on charts, however some annotations are by a free third party image tool named Paint.net ...

more from Chart School

Insider Scoop

Attention Contrarians: This Analyst Says JD.com Set Up Could Be In Your Favor

Courtesy of Benzinga.

Related JD Want Some Exposure To China's Growth? Stifel Says Buy JD Or Alibaba Q3 13F Roundup: How Buffett...

http://www.insidercow.com/ more from Insider

Biotech

Designer proteins that package genetic material could help deliver gene therapy

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

 

Designer proteins that package genetic material could help deliver gene therapy

Courtesy of Ian HaydonUniversity of Washington

Delivering genetic material is a key challenge in gene therapy. Invitation image created by Kstudio, CC BY

If you’ve ever bought a new iPhone, you’ve experienced good packaging.

The way the lid slowly separates from the box. The pull...



more from Biotech

Digital Currencies

Not A Bubble?

Courtesy of ZeroHedge. View original post here.

Meet The Crypto Company - up almost 20,000% since inception in September...

To a market cap of over $12.6 billion...

Grant's Interest Rate Observer drew the world's attention to this 'company' yesterday.....



more from Bitcoin

ValueWalk

Tax Bill May Spark Exodus From High-Tax States

Courtesy of FinancialSense.com via ValueWalk.com

The following is a summary of our recent podcast, “Exodus – The Major Wealth Migration,” which can be listened to on our site here on on iTunes here.

It’s looking increasingl...



more from ValueWalk

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...



more from Our Members

Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

more from M.T.M.

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 ...



more from OpTrader

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...



more from Promotions

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...



more from Kimble C.S.

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...

more from David



FeedTheBull - Top Stock market and Finance Sites



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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>