Posts Tagged ‘ACAD’

Mylan Rebounds After FDA Report Signals All Clear

Today’s tickers: MYL, MU, ACAD, PAAS, PALM, KLAC, LDK, OIH & SM

MYL – The global pharmaceutical manufacturer released the final findings of an FDA investigation review of its Morgantown W Va. manufacturing plant, which came under the microscope following a local newspaper’s scathing report alleging health and safety wrong doings. The FDA found nothing wrong with the operations, much to the pleasure of Mylan shareholders as new investors sent its shares higher by 3.8% to $14.12. Mylan’s valuation now stands above the point it was trading at the day prior to the story. Shares fell from $13.93 to $11.66 on the report prompting investors to seek the safety of protective puts. Investors today are taking a different take and have scooped up almost 10,000 bullish call options expiring in September granting rights to buy shares at a fixed $15 per share. The number of open positions at that strike as of Wednesday evening was 8,576 contracts. Investors paying 55 cents for calls are predicting a break to a fresh 52-week high for Mylan’s shares indicating a rally by as much as 10% within a month. Around four times the number of calls traded today compared to puts. – Mylan Inc.

MU – The demand for call options on the manufacturer of flash memory products far outweighed that of calls as investor activity drove the call-to-put ratio up to more than 25-to-1. The call option feeding-frenzy was likely induced by the more than 3.5% rally in shares of MU to $7.00. About 1,000 calls were picked up at the nearer-term September 8.0 strike price for an average premium of 15 cents apiece. Bullishness spread to the October contract where traders splurged on 5,600 now at-the-money October 7.0 strike calls for an average premium of 66 cents each. Finally, traders got long of some 7,500 call options at the higher October 8.0 strike for about 40 cents per contract. A 20% increase over the current price per share by expiration, would allow investors long the October 8.0 strike calls to begin to accumulate profits above the breakeven point at $8.40. – Micron Technology, Inc.

ACAD – Shares of the biopharmaceutical company have soared upwards of 17.5% during the trading session and currently stand at $6.23. ACAD appeared on our ‘hot by options volume’ market scanner after one investor initiated a long butterfly spread in the September contract. The trader constructed the
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Phil's Favorites

Grimes Just Made $5.8 Million In 20 Minutes Selling Digital Art

Courtesy of ZeroHedge

Elon Musk's baby-mama/love interest Grimes recently made a $6 million score in only 20 minutes by selling digital artwork in an online auction.

The art comes with a digital asset called an "NFT" that proves its authenticity, according to The Daily Mail. She told 10 items from a collection she is calling "WarNymph" (of course), which included "dramatic illustrations of winged baby goddesses battling in apocalyptic skies" (of course). 

The non-fungible token that the works come with is encrypted with the artist's signature and authenticates the art as original. It relies on blockch...



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Zero Hedge

Grimes Just Made $5.8 Million In 20 Minutes Selling Digital Art

Courtesy of ZeroHedge

Elon Musk's baby-mama/love interest Grimes recently made a $6 million score in only 20 minutes by selling digital artwork in an online auction.

The art comes with a digital asset called an "NFT" that proves its authenticity, according to The Daily Mail. She told 10 items from a collection she is calling "WarNymph" (of course), which included "dramatic illustrations of winged baby goddesses battling in apocalyptic skies" (of course). 

The non-fungible token that the works come with is encrypted with the artist's signature and authenticates the art as original. It relies on blockch...



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ValueWalk

Weak Jobs Data, Stocks And Gold

By Monica Kingsley. Originally published at ValueWalk.

Stocks gave up some of Monday‘s strong gains, but I find it little concerning in the sub-3,900 pre-breakout meandering. It‘s about time, and a play on the tech sector to participate meaningfully in the coming rally (or at least not to stand in the way again).

[soros]

Q4 2020 hedge fund letters, conferences and more

Talking obstacles, what about today‘s non-farm employment change, before the really key Fri‘s release? A bad number makes it less like...



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Kimble Charting Solutions

Bond Prices About To Fall Off The Cliff?

Courtesy of Chris Kimble

The bull market in bond prices has steady, durable, and trustworthy. Over the past 40 years, if investors could count on anything, it was rising bonds and falling bond yields (interest rates).

But this trend / dynamic may be changing…

The post pandemic spike lower in interest rates (yields) sent bonds to all-time highs… but that quickly gave way to selling and steadily higher interest rates.

Is the bond market about to receive monster message?

As we have done many times before, today we share an “inverted” chart of ...



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Biotech/COVID-19

COVID-19 revealed how sick the US health care delivery system really is

 

COVID-19 revealed how sick the US health care delivery system really is

Many U.S. hospitals and clinics are behind when it comes to sharing information. Teera Konakan/Moment via Getty Images

Courtesy of Elizabeth A. Regan, University of South Carolina

If you got the COVID-19 shot, you likely received a little paper card that shows you’ve been vaccinated. Make sure you keep that card in a safe place. There is no coordinated way to share information about who has been vaccinated and who has not.

...

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Mapping The Market

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Digital Currencies

Crypto - It Is Different This Time

 

Crypto – It Is Different This Time

Courtesy of Howard Lindzon

?I have been astonished as you know by the growth of crypto.

I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.

Today Bitcoin is near $50,000.

Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.

After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.

That has continued each weekend...



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Politics

What is fascism?

 

What is fascism?

A Donald Trump supporter wears a gas mask and holds a bust of him after he and hundreds of others stormed the Capitol building on Jan. 6, 2021. Roberto Schmidt/AFP via Getty Images

Courtesy of John Broich, Case Western Reserve University

Since before Donald Trump took office, historians have debated whether he is a fascist.

As a teacher of World War II history...



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Chart School

The Fastest Money

Courtesy of Read the Ticker

The fast money happens near the end of the long trend.

Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
 


 

Video on the subject.


 

Charts in the video



 



 



Changes in the world is the source of all market moves, to ...



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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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Promotions

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Feb. 26, 1pm EST

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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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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