Posts Tagged ‘TMUS’

Big Prints In Sprint Put Options

Shares in Sprint (Ticker: S), which closed up more than 8.0% yesterday perhaps on reports the company may be closer to securing $45 billion in financing to make a bid for T-Mobile US Inc. (Ticker: TMUS), declined 8.5% on Thursday morning down to as low as $7.70.

The sharp moves in the price of the underlying amid continued deal chatter and the company’s upcoming fourth-quarter earnings report next week spurred heavier than usual trading traffic in Sprint options. As of the time of this writing, options volume on the stock is more than four times the average daily level. The largest trades in Sprint options today are in the Mar $50 strike puts, with around 50,000 contracts in play as of midday in New York. Time and sales data suggests most of the put options were purchased at a premium of $0.40 each. The puts may be profitable at March expiration in the event that shares in Sprint drop 18% from the current price of $8.02 to trade below the effective breakeven point at $6.60. Shares in Sprint last traded below $6.60 in October. 


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Bullish Action Detected In Macy’s Options Ahead Of Earnings Next Week

Today’s tickers: M, FSYS & TMUS

M - Macy’s Inc. – Call options changing hands on Macy’s during morning trading suggests at least one strategist is taking a bullish stance on the stock ahead of the retailer’s second-quarter earnings report next Wednesday. Shares in the name are slightly in the red today, down 0.20% at $47.74 just before midday in New York. The stock has slipped roughly 6.0% in recent weeks from a record high of $50.77 reached back in July. Trading traffic in Aug $48.5 strike calls initiated during the first 10 minutes of the session indicates one trader is preparing for shares to move higher ahead of expiration next week. It looks like the strategist purchased 1,500 of the $48.5 calls for a premium of $0.76 apiece. The bullish position makes money at expiration in the event that Macy’s shares rise more than 3.0% to exceed the breakeven price of $49.26.

FSYS - Fuel Systems Solutions, Inc. – Shares in Fuel Systems are soaring on Thursday, rising nearly 23% to touch a new 52-week high of $21.44, after the company posted better than expected second-quarter earnings ahead of the opening bell this morning. Options traders positioning for the price of the underlying to extend gains in the near term snapped up August expiry calls in the early going. The most traded front month options are the Aug $21 strike calls, with upwards of 870 lots in play versus open interest of 286 contracts. Time and sales data indicates most of the volume was purchased during the first 10 minutes of the session for an average premium of $0.30 apiece. Call buyers stand ready to profit at expiration next week in the event that FSYS shares settle above the average breakeven price of $21.30. Intraday gains in the price of the…
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Zero Hedge

As Bitcoin Surges To New Record Highs, 5 Lessons For Every Crypto Investor

Courtesy of ZeroHedge. View original post here.

Once again the stories of the death of Bitcoin appear to greatly exaggerated.

image courtesy of CoinTelegraph

Overnight Asian demand sent the cyrptocurrency to a new record high at $17,934 (Bitstamp).

...



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Phil's Favorites

Fascism's return and Trump's war on youth

 

Fascism’s return and Trump’s war on youth

Courtesy of Henry GirouxMcMaster University

Donald Trump’s policies represent a particular attack on American youth and children, particularly those who are disadvantaged. (AP Photo/Pablo Martinez Monsivais)

Fascism is all too often relegated to the history books.

The word conjures up a period in which civilized societies treated democracy with contempt, engaged in acts of systemic violence, practised extermination and elimination, supported an “apocalyptic populism,” suppressed dissent, promoted a hyper-nationalism, displayed contempt for women, embraced militarism as an absolute ideal and in...



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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...



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Chart School

Rallies Slow As Semiconductor Selling Eases

Courtesy of Declan

Markets experienced early gains but gave them back by the close of business. Given the mini-rally of the past five days, some of the indices are looking vulnerable to a new round of selling.

The S&P finished with a narrow inverted hammer on low volume but at new highs. A move back to the newly accelerated channel is looking favored.
 


The Nasdaq also finished with a narrow doji but wasn't able to make new highs.  It's already close to one channel but looks more likely to reach down to th...



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Insider Scoop

Earnings Scheduled For December 13, 2017

Courtesy of Benzinga.

Companies Reporting Before The Bell
  • Lightinthebox Holding Co Ltd-ADR (NYSE: LITB) is estimated to report quarterly earnings at $0.01 per share on revenue of $78.49 million.
Companies Reporting After The Bell
  • ABM Industries, Inc. (NYSE: ABM) is expected to post quarterly earnings at $0.49 per share on revenue of $1.49 billion.
  • ...


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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.....



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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...



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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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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!

...

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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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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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