Posts Tagged ‘AMT’

LVS Put Buyers Could Rake In The Chips If Shares Extend Pullback

 

Today’s tickers: LVS, AMT & APC

LVS - Las Vegas Sands Corp. – The resort casino operator’s shares, which have had more down days than up during the most recent four week period, caught a break today, trading 1.6% higher on the day at $50.08 as of 11:50 a.m. in New York. It looks like some options traders, perhaps wary the stock’s pullback has not yet run its full course, are taking advantage of today’s rally to establish bearish put positions. Las Vegas Sands shares are down nearly 20.0% off the April 12th three-year high of $62.09. Traders prepared for double-digit declines in the shares from here exchanged 2,100 puts at the Sep. $45 strike this morning, buying most of the contracts for an average premium of $2.96 apiece. Put buyers stand ready to profit should shares in LVS decline another 16.0% to breach the average breakeven price of $42.04 at expiration in four months. Shares in the casino operator last traded below $42.04 in the first week of 2012, before the stock commenced a more than 30.0% run to the upside to the mid-April multi-year high.

AMT - American Tower Corp. – Shares in American Tower Corp., a REIT that owns and operates wireless communications and broadcast towers in the U.S., are up 0.50% at $67.54 this morning on positive analyst comments from Bank of America recommending the stock as a buy. May expiry call buying suggests one or more traders anticipate the price of the underlying will extend gains this week. Options volume is heaviest at the May $67.5 strike where more than 2,000 in-the-money calls changed hands against open interest of 693 contracts. It looks like most of the calls were purchased for an average premium of $0.50 apiece, with profits available to the upside…
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Market Slide has Japanese Tracker Options Active

Today’s tickers: EWJ, VIX, BP & AMT

EWJ – iShares MSCI Japan Index – Since the middle of May, shares in the Japanese market tracker have lunged between a peak at $10.00 and $9.15 creating a neat trading range. With an overnight confidence in global stocks hitting the fan and a capitulation to a 15-year high for the yen, the EWJ has pretty much fallen from the top to smack bang in the middle of that same range in just three days. One option traders appears to be translating more of the same by selling that same strangle combination expiring in January. It’s one of several strategies emerging today where this expiration contract was used to play out various views. The $9.00/$10.00 strangle appears to have been sold for a premium totaling 60 cents, which gives this investor plenty of wiggle room in the event that boom or bust just happens to prevail. The strategy works nicely if by expiration the share price continues its predictable oscillation allowing the premium seller to hold on in entirety. If, however, shares edge lower the investor has to dig in his pocket assuming a break below $8.40 or beyond $10.60. Option implied volatility on the options jumped by around 25% to 20% on Wednesday.

VIX – CBOE Volatility index – Futures on the underlying VIX index are higher by 10% in the August contract and 6% in September, where the index is currently predicted to rise to 29.15. Further maturities have gained to a lesser degree in price as the entire volatility curve adjusts upwards to what some investors interpret today as an increased fear over the health of the U.S. economy. The November VIX future reflects only one third of the gain of the front month contract and stands at 30.40. The S&P 500 index is at its worst point of the day having tumbled by 2.5%. one investor appears to be moving expectations for market weakness out further into the early winter months through use of an options combination that will benefit if another summer market rout for stocks forces the volatility curve to blows higher still. The investor appears to have sold September call options on the VIX at the 45 strike for 75 cents and gone long of the same strike using the November expiration at $1.20 per contract. Around 10,000 contracts changed hands in the spread. The investor…
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Zero Hedge

"These Numbers Are Ugly" - WTO Forecasts Collapse In World Trade, Recovery For 2021

Courtesy of ZeroHedge View original post here.

"World trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world," the WTO report said. 

The Geneva-based body does not see a recovery in global trade until 2021, and even then, the outcome of recovery is mainly dependent "on the duration of the outbreak and the effectiveness o...



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The Technical Traders

Adaptive Fibonacci Suggests Much Lower Prices Yet To Come - Part I

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system suggests a much deeper price move is in the works and the current price rally will likely end near resistance levels identified by the Adaptive Fibonacci Price Modeling system.  We are posting this research post for friends and followers to help them understand the true structure of price and to allow them to prepare for what we believe will become a much deeper downside price move in the future.

Fibonacci Price Theory teaches us that price moves in waves within up and down price cycles. The recent peak in price, near February 25, 2020, has resulted in a very deep -36% price collapse in the S&P 500 (ES) recently. This dow...



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Phil's Favorites

Striking Amazon, Instacart employees reveal how a basic economic principle could derail our ability to combat the coronavirus

 

Striking Amazon, Instacart employees reveal how a basic economic principle could derail our ability to combat the coronavirus

Samuel Diaz, a delivery worker for Amazon Prime, loads his vehicle with groceries from Whole Foods in Miami. AP Photo/Lynne Sladky

Leigh Osofsky, University of North Carolina at Chapel Hill

A series of recent protests by the workers preparing and delivering our essential foods and other goods highlights a key risk to our ability to combat the coronavirus.

Some employees at an Amazon warehouse and Instacart “shoppers” ...



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Biotech/COVID-19

In the rush to innovate for COVID-19 drugs, sound science is still essential

 

In the rush to innovate for COVID-19 drugs, sound science is still essential

Employees work on the production line of chloroquine phosphate, resumed after a 15-year break, in a pharmaceutical company in Nantong city in east China’s Jiangsu province Thursday, Feb. 27, 2020. Feature China/Barcroft Media via Getty Images

Christopher Robertson, University of Arizona; Alison Bateman-House, ...



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ValueWalk

Coronavirus symptoms, causes, prevention and cure

By Jacob Wolinsky. Originally published at ValueWalk.

The best case situation for Coronavirus or COVID-19 is that in a few weeks it dies down and things get back to normal. However, we must entertain the possibility of a far more frightening scenario.

Warmer weather may not hurt coronavirus

April 8, 2020 Update: The number of coronavirus cases in New York State has now topped the number in Italy. New York Gov. Andrew Cuomo said 779 people died of COVID-19 in the state in a single day, marking the highest one-day death total from the virus. More than 6,200 people have died of the virus in New York, which Cuomo said is double the number of people who died there in the Sept. 11, 2001 terrorist attacks.

Many experts have been counting on the warmer months providing some relief from the coronavirus. However, a National Academies of Sciences panel told the White House t...



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Kimble Charting Solutions

Market Crash Reversal Patterns "Experiment" With History!

Courtesy of Chris Kimble

S&P 500 Index versus “Inverted” 30 Year Yield “monthly” Chart

Stocks and treasury bond yields had a wild (and scary) month of March as the financial markets crashed to new lows.

In today’s chart, we highlight this by looking at long-term “monthly” chart of the S&P 500 Index versus an “inverted” 30 Year US Treasury Bond Yield.

Note that inverting charts offers a different perspective and reduces bias. For more on this, ...



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Chart School

The Big Short movie guides us to what is next for the stock market

Courtesy of Read the Ticker

There is nothing new in WallStreet, it is only the players that change. Sometimes a market player or an event gets ahead of the crowd and WallStreet has to play catch up.

Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

It is important to understand major WallStreet players do not want to miss out on a money making moves.  







...

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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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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

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

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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