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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Kimble Charting Solutions

Is The US Dollar About To Reach A Melting Point?

Courtesy of Chris Kimble

It’s been 20 years since the last major peak in the US Dollar. Could the greenback’s latest turn lower confirm another peak?

Today’s chart takes a macro view of the US Dollar Index and highlights the long-term down-trend at each point (1). As you can see, the buck is on a topsy turvy ride, bouncing up and down within this down-trend.

The latest bottom formed after the financial crisis and has seen the US Dollar trade within a 9 year up-trend channel marked by each (2). This gave bulls some confidence that the US Dollar may have formed a long-term bottomȂ...



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Phil's Favorites

Gold vs Bitcoin, German stocks at new highs, Biotech breaks half-decade of consolidation

 

Gold vs Bitcoin, German stocks at new highs, Biotech breaks half-decade of consolidation

Courtesy of The Reformed Broker 

Welcome to Big Trends Monthly with Josh Brown and JC Parets of All Star Charts. We’re breaking down the latest monthly closing candlestick charts to reveal the most meaningful market moves around the world. In this episode:

  • The rotation into small caps and mid caps is the most important chart of the year
  • German stocks are making new all-time record highs, Europe will follow
  • Wait til you see this breakout in the broker-...


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Politics

Ignoring Warnings His Election Lies Could Get People Killed, Trump Posts 46-Minute Rant Full of 'Unhinged' Falsehoods

 

Ignoring Warnings His Election Lies Could Get People Killed, Trump Posts 46-Minute Rant Full of 'Unhinged' Falsehoods

"Georgia elections director yesterday: Trump's rhetoric is going to get people killed. Trump today: here's 46 minutes of unhinged conspiracy theories."

Courtesy of Jake Johnson, Common Dreams

Activists march through the city of Detroit on November 7, 2020 to denounce President Donald Trump's false claims of voter fraud. (Photo: Adam J. Dewey/NurPhoto via Getty Images)

Just days...



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ValueWalk

Both Parties Are Getting Closer To A Covid Stimulus Deal

By Gorilla Trades. Originally published at ValueWalk.

Commenting on a future Covid-19 stimulus deal today’s trading Gorilla Trades strategist Ken Berman said:

Q3 2020 hedge fund letters, conferences and more

The steep drop towards the end of the session shows that stocks could be vulnerable to negative catalysts following November’s lofty gains. Even though the S&P 500 and the Nasdaq both hit new record highs today, the rally lacked momentum, and Pfizer’s concerning announcement was enough to erase the major indices’ gains.

The surprisingly positive stimulus developments...



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Zero Hedge

Stocks Plunge After Pfizer Cuts Vaccine Rollout Target By Half Due To "Supply Chain Obstacles"

Courtesy of ZeroHedge

US stocks tumbled during the final hour of trading Thursday as Pfizer revealed that it expects to ship half the number of vaccines this year, raising new questions about the optimistic projections and expectations for the pace of vaccinations.

The company cited supply chain delays tied to the fact that the company has found raw materials in early production that did not meet its standards.

It still expects over 1bln doses rolled out in 2021

"Scaling up the raw material supply chain took longer than expected," a company spokeswoman said. "And it's important to highlight that the outcom...



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Chart School

Gold Chart Review

Courtesy of Read the Ticker

Gold swing trade is due, lets review some charts to see if it is a viable move.

The seasonal period of gold is now upon us, gold should advance for the next 3 months.

Gold Gann Angle Chart ...



Gold Channel Chart .. close up!



 

Gold Channel Chart
 


Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Ang...



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Biotech/COVID-19

Rapid COVID-19 tests can be useful - but there are far too few to put a dent in the pandemic

 

Rapid COVID-19 tests can be useful – but there are far too few to put a dent in the pandemic

Rapid tests for COVID-19 are easy to administer and give fast results. AP Photo/Julio Cortez, File

Courtesy of Bonnie LaFleur, University of Arizona and Katherine Ellingson, University of Ari...



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Digital Currencies

Five Reasons Why Bitcoin is Going Up

 

Five Reasons Why Bitcoin is Going Up

Courtesy of 

Call it the “Respectability Rally”…

A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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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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