Posts Tagged ‘AAP’

AOL Calls In Demand After Earnings Beat Sends Shares Higher

 

Today’s tickers: AOL, THC & AAP

AOL - AOL, Inc. – Shares in online media company, AOL, Inc., jumped more than 16% today to a record high of $41.80 after the company posted third-quarter earnings and sales that beat analyst forecasts and said advertising revenue increased 7% in the quarter, the most in years. Options traders appear to be buying into the rally, snapping up front-month call options to position for continued gains in the price of the underlying in the near term. Bulls picked up nearly 5,000 of the deep in-the-money Nov. $39 strike calls for an average premium of $1.22 apiece this morning, and stand ready to profit at expiration as long as AOL’s shares top the average breakeven price of $40.22. Upside calls are also active at the higher Nov. $40 striking price, where upwards of 5,500 in-the-money calls changed hands against open interest of 1,239 contracts. Time and sales data suggests most of the $40 calls were purchased in the first half of the session at an average premium of $0.82 a-pop. Call buyers make money if shares in the Internet media company extend gains to settle above $40.82 at expiration next week.

THC - Tenet Healthcare Corp. – Health care services company, Tenet Healthcare Corp., is selling off ahead of its third-quarter earnings report tomorrow morning, with shares in the name down nearly 5% as of 1:30 p.m. ET to stand at $24.65. At least one options trader is preparing for the price of the underlying to extend losses in the near term, buying a 5,000-lot Nov. $21/$24 bear put spread at a net premium of $0.67 per contract. The put spread starts making money if shares in Tenet Healthcare slip 5.4% to breach the effective breakeven price of $23.33 by November expiration. Maximum potential profits of $2.33 per contract are available to the downside should shares plunge 15% to $21.00 by expiration next week.…
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Human Genome Sees Modest Bullish Plays After Analyst Predicts Surge

Today’s tickers: HGSI, BRCM, AAP, VIX & EWC

HGSI– Shares of the biopharmaceutical company have reached a new 52-week high today, rising 7.5% to $16.00, surpassing the old high for the past year of $15.72 attained on August 4, 2009. Helping to boost shares was the reiteration of an ‘outperform’ rating on the stock and a target price of $30.00 by analysts at Leerink Swann today. Bullish option trades were observed on HGSI this morning with call activity outweighing that of puts by a factor of more than 3-to-1. One investor initiated an optimistic play by purchasing 1,500 calls at the September 16 strike price for a premium of 1.59 apiece. He reduced the cost of getting bullish by spreading the purchase against the sale of 1,500 calls at the higher October 17.5 strike for 1.46 per contract. The net cost of the transaction amounts to just 13 cents and provides the investor with an effective exit strategy by expiration in October if the stock should surpass $17.50. If the trader chooses to take delivery of the underlying shares by exercising the calls in September, and shares rise above $17.50 by expiration in October, he will ultimately bank profits of 1.37 per contract or a total of $205,500 by having the shares called away from him. – Human Genome Sciences, Inc.

BRCM – The producer of semiconductors for wired and wireless communications appeared on our ‘most active by options volume’ market scanner after investors began hoarding put options in the September contract. Shares of BRCM are currently lower by more than 2% to stand at $26.62. Perhaps bracing for further near-term declines, traders picked up some 3,000 puts at the in-the-money September 28 strike price for a premium of 2.25 apiece. Additional downside protection was picked up at the now in-the-money September 27 strike where 5,000 puts cost an average 1.58 each. Finally, the most bearish traders purchased 5,000 puts at the lower September 25 strike price for a premium of 80 cents per contract. Investors long the out-of-the-money put options must see shares of BRCM decline another 9% before profits begin to amass beneath the breakeven point to the downside at $24.20. – Broadcom Corp.

AAP – The specialty retailer of automotive parts and accessories edged onto our ‘hot by options volume’ market scanner after one investor established a ratio put spread on the stock. Shares have slipped
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Zero Hedge

40 Shipping Containers Adrift Off US Pacific Coast After Vessel Hit By Rough Seas 

Courtesy of ZeroHedge View original post here.

The global supply chain is more snarled than ever, forcing container ships to stack truck-size intermodal containers to the brim in a technique called containerization. The more shipping containers loaded up on a vessel, the more prone i...



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Phil's Favorites

Leveling the Playing Field With Cloud Gaming

 

Leveling the Playing Field With Cloud Gaming

Everyone Needs Access To Games

Courtesy of Reed Berkowitz at CuriouserInstitute

A friend of mine noticed something interesting. His teen was playing a game online with a group of other kids, but no one was actually “playing.” The characters were just kind of standing around chatting with each other as the game went on without them. The game had become secondary to the conversation. He mentioned it in our group chat and everyone with teens had noticed something similar. We had all seen our kids chatting on Discord or some other software and hanging out in-game.

It turns out that, without much fanfare, gaming has become one ...



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Politics

Trump wants the National Archives to keep his papers away from investigators - post-Watergate laws and executive orders may not let him

 

Trump wants the National Archives to keep his papers away from investigators – post-Watergate laws and executive orders may not let him

Nixon resigned after tapes he had fought making public incriminated him in the Watergate coverup. Bettmann/Getty

Courtesy of Shannon Bow O'Brien, The University of Texas at Austin College of Liberal Arts

The National Archives is the United States’ memory, a repository of artifacts that includes everything from half-fo...



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Biotech/COVID-19

An infectious disease expert explains new federal rules on 'mix-and-match' vaccine booster shots

 

An infectious disease expert explains new federal rules on ‘mix-and-match’ vaccine booster shots

Discuss with your doctor whether or not you need a booster – and if so, which vaccine will work best for you. Justin Sullivan/Getty Images News via Getty Images

Courtesy of Glenn J. Rapsinski, University of Pittsburgh Health Sciences

Many Americans now have the green light to get a COVID-19 vaccine booster – and the flexibility to receive a different brand than the ori...



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Digital Currencies

Bitcoin: why its value has rocketed once again

 

Bitcoin: why its value has rocketed once again

Shutterstock/rzoze19

Courtesy of Andrew Urquhart, University of Reading

Bitcoin’s journey into mainstream finance has reached another major milestone – and another record price. The cryptocurrency was trading at US$66,975 (£48,456) following the launch of an exchange traded fund (ETF) in the US w...



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Chart School

Price and Volume Swing Analysis on Bitcoin and Silver

Courtesy of Read the Ticker

Many take guidance from news, pundits or advisors. Well sometimes the swings of price and volume are a better measure of what happens next.

The big boys do not accumulate or distribute in single 1 second trade, they build positions over weeks, months and years. They use price swings in the market to build or reduce positions, and you can see their intent by studying swings of price and volume and applying Tim Ord logic as written in his book called 'The Secret Science of Price and Volume: Techniques for Spotting Market Trends, Hot Sectors, and the Best Stocks'.

Tim Ord is a follower of Richard Wyckoff logic, his book has added to the studies of Richard Wyckoff, Richard Ney and Bob Evans.

Richard Wyckoff after years of...

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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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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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