Posts Tagged ‘ATHN’

Bearish Options Action In Athenahealth As Shares Slide

 

Today’s tickers: ATHN, SBUX & MRVL

ATHN - athenahealth, Inc. – A downgrade to ‘underperform’ from ‘hold’ with a 12-month share price target of $60.00 at Jefferies sent shares in the provider of cloud-based business services for healthcare providers down as much as 12.6% to $70.00 this morning. Shares in athenahealth are off their lows of the session as of midday in New York, though the stock still trades 9% lower on the day at $72.81. One options player positioning for shares in the name to move closer to Jefferies’ target share price of $60.00 during the next couple of months established a bearish stance in the December expiry options. The trader appears to have purchased a 1,000-lot Dec. $60/$75 put spread for a net premium of $5.80 per contract. Profits are available on the spread if shares in ATHN decline 5% from the current price to breach the effective breakeven point at $69.20. The strategist may walk away with maximum potential profits of $9.20 per contract at December expiration in the event that athenahealth’s shares plunge 18% to $60.00. Shares in ATHN are up 45% year-to-date despite Friday’s sharp pullback.

SBUX - Starbucks Corp. – Shares in Starbucks went the way of the market on Friday, sliding lower on the heels of disappointing earnings from the likes of Chipotle, McDonald’s and General Electric, among others. The stock is down 4.1% at $45.47 as of 12:20 p.m. in New York. Call and put buying in the January 2013 expiry options this morning suggests mixed expectations for the direction SBUX shares are likely to take during the next few months. Traders itching for a rally in the price of the underlying appear to have purchased 2,000 calls at the Jan. 2013 $47 strike for an average premium of $2.08 apiece. Call buyers stand prepared to profit at expiration next year should the stock climb 8% to top the average breakeven price of $49.08. Meanwhile, trading traffic…
continue reading


Tags: , ,




Bullish Bets On The Rise In JPMorgan Weekly Call Options

 

Today’s tickers: JPM, IP & ATHN

JPM - JPMorgan Chase & Co. – Trading traffic in JPMorgan call options this morning suggests some traders are positioning for shares in the U.S. bank to rally to their highest level since May by the end of the week. U.S. stocks are moving broadly higher on Monday and JPM shares advanced 2.3% to $41.40 by 11:30 a.m. ET, after the ISM’s U.S. factory index rose to 51.5 in September. Traders snapping up weekly calls on the stock are well-positioned to benefit from further upside in the shares in the near term. More than 6,300 calls have changed hands at the Oct. 05 ’12 $42 strike against previously existing open interest of 2,750 contracts. It looks like most of the calls were purchased for an average premium of $0.10 apiece, thus positioning buyers to profit in the event that JPM shares rally another 1.7% to top the average breakeven price of $42.10 by expiration this week. Shares in JPM, up more than 30% since the first full week in June, last traded above $42.10 on May 7th. The company is scheduled to report third-quarter earnings ahead of the opening bell next Friday.

IP - International Paper Co.– Shares in global paper and packaging company, International Paper Co., rose 0.85% on Monday morning to $36.63, and may soar to their highest in more than five years in the near future. The stock has moved sharply higher during the past 52 weeks, trading up 70% versus the first week of October 2011. A large bullish options play initiated on IP in the first hour of the trading day suggests one strategist is prepared for shares to extend gains into 2013. The trader appears to have paid a net premium of $1.12 per contract to buy a 5,000-lot Jan. 2013 $38/$42 call spread. The bullish position starts making money if shares in International Paper rally another 7% to top the effective breakeven…
continue reading


Tags: , ,




Big Prints In Deutsche Bank Put Options

 

Today’s tickers: DB, ATHN & LSI

DB - Deutsche Bank AG – Heavy trading traffic in Deutsche Bank put options this morning, one week before the investment banking firm is scheduled to report fourth-quarter earnings, may mean some traders are bracing for a pullback. Shares in DB are currently up 0.40% to stand at $43.80 as of 12:40 p.m. in New York. The single-largest put trade on the stock today was the purchase of 9,500 puts at the April $40 strike for a premium of $2.45 each. Though the put options were not marked as a spread against stock, it is possible the put buyer seeks to protect the value of shares already in his or her portfolio. Alternatively, the investor may be taking an outright bearish stance on DB over the next three months. In the latter scenario, the trader may profit if Deutsche Bank’s shares plunge 14.3% to breach the effective breakeven point at $37.55 at April expiration. Meanwhile, the purchase of a 2,000-lot Mar. $35/$45 put spread at a net premium of $2.75 per contract yields profits – or downside protection – to its owner in the event of a 3.5% decline below the breakeven share price of $42.25. Traders populating DB options are overwhelmingly favoring puts over calls ahead of earnings, with today’s put-call ratio hovering just below 15.0 and overall put-call interest greater than 1.4.

ATHN - athenahealth, Inc. – One cautiously optimistic investor appears to have purchased a sizable position in athenahealth put options this morning in order to hedge a long position in the stock. Shares in the provider of cloud-based business services for physician practices rose 1.05% to $57.91 this afternoon, extending gains realized earlier in the week on the heels of a new…
continue reading


Tags: , ,




Pessimist Plants Put Spread on Comerica Inc.

Today’s tickers: CMA, CSCO, ATHN, FIG, CYD, CROX & NUAN

CMA – Comerica Inc. – The financial services firm’s shares declined as much as 4.8% today to touch down at an intraday low of $36.38. One options investor expecting Comerica’s shares to continue to head south ahead of October expiration purchased a plain-vanilla debit put spread. Shares are currently down 3.65% on the day to arrive at $36.82 just before 2:45 pm ET. The bearish player purchased 5,000 puts at the October $36 strike for an average premium of $2.05 per contract, and sold the same number of puts at the lower October $30 strike for an average premium of $0.50 apiece. The net cost of buying the spread amounts to $1.55 per contract. Thus, the investor responsible for initiating the transaction is poised to profit should CMA’s shares fall another 6.4% from the current price of $36.82 to trade below the effective breakeven point at $34.45 by expiration day. Maximum potential profits of $4.45 per contract pad the investor’s wallet if Comerica’s shares plummet 18.5% to slip beneath $30.00 by expiration in October. The surge in demand for options on the stock helped lift the overall reading of options implied volatility on CMA 9.1% to 34.00% this afternoon.

CSCO – Cisco Systems, Inc. – Wary options players are scooping up put options on the maker of switches and routers today with shares of the underlying stock trading lower by 0.95% to stand at $23.94 in late afternoon trading. Investors expecting to see Cisco’s shares decline following the firm’s fourth-quarter earnings report, scheduled for release after the closing bell on August 11, opted to purchase weekly put options expiring on August 13. Traders bought approximately 6,800 put options at the August $23 strike for an average premium of $0.26 apiece. Put buyers make money as long as Cisco’s shares fall another 5.00% from the current price of $23.94 to trade below the average breakeven point to the downside at $22.74 by expiration day.

ATHN – Athena Health, Inc. – Shares of the provider of Internet-based business services for physician practices fell as much as 4.00% today to an intraday low of $25.18. Today’s low point in ATHN shares marks an 11.025% decline in the price of the underlying stock since Monday when shares touched an intraday high of $28.30. Athena Health appeared on our scanners today after one bearish options…
continue reading


Tags: , , , , , ,




 
 
 

Kimble Charting Solutions

Lumber Price Peak Would Raise Concerns For Equities!

Courtesy of Chris Kimble

The supply chain has dealt with several issues over the past couple of years, as consumers and businesses have been forced to navigate a tricky “COVID” landscape.

Commodity prices (in general) have risen, while enduring some big swings.

Today we look at a commodity that plays an intricate role for consumers, and perhaps the equities market as well. Lumber. When lumber prices are high, new homes and buildings cost quite a bit more.

Above is a “weekly” chart of lumber prices. As you can see, there have been times when a lumber peak/bottom have be...



more from Kimble C.S.

ValueWalk

How To Buy Gold

By Eric Gozenput. Originally published at ValueWalk.

If you’re looking for an asset that protects against inflation, buy gold!  Take a look at our helpful guide below for some tips on purchasing this precious metal.

Q4 2021 hedge fund letters, conferences and more

Wondering How to Buy Physical Gold? Consider The Different Types: Gold Bars and Rounds

Gold bars are one of the most popular gold buying options for investors. B...



more from ValueWalk

Zero Hedge

Canadian 'Freedom Convoy' Receives First GoFundMe Payment After Temporary Halt

Courtesy of ZeroHedge View original post here.

Update (Friday 0711ET): Organizers of the "Freedom Convoy" have "received confirmation that GoFundMe has released our first batch of funds" following reports Thursday, the c...



more from Tyler

Phil's Favorites

Is the omicron variant Mother Nature's way of vaccinating the masses and curbing the pandemic?

 

Is the omicron variant Mother Nature’s way of vaccinating the masses and curbing the pandemic?

Preliminary research suggests that the omicron variant may potentially induce a robust immune response. Olga Siletskaya/Moment via Getty Images

Courtesy of Prakash Nagarkatti, University of South Carolina and Mitzi Nagarkatti, University of South Carolina

In the short time since...



more from Ilene

Biotech/COVID-19

Is the omicron variant Mother Nature's way of vaccinating the masses and curbing the pandemic?

 

Is the omicron variant Mother Nature’s way of vaccinating the masses and curbing the pandemic?

Preliminary research suggests that the omicron variant may potentially induce a robust immune response. Olga Siletskaya/Moment via Getty Images

Courtesy of Prakash Nagarkatti, University of South Carolina and Mitzi Nagarkatti, University of South Carolina

In the short time since...



more from Biotech/COVID-19

Digital Currencies

Why do you need a Bitcoin ETF when they already made you one?

 

Why do you need a Bitcoin ETF when they already made you one?

Courtesy of 

Chart via Piper Sandler’s new note on Coinbase. They don’t think it’s trading as a proxy for Bitcoin but I know it is. Here’s their take:

COIN shares have performed in-line with bitcoin since reaching an all-time closing high on 11/9/21. COIN shares and the price of bitcoin (which we use as a proxy for broader cryptocurrency pric...



more from Bitcoin

Politics

5 things to know about why Russia might invade Ukraine - and why the US is involved

 

5 things to know about why Russia might invade Ukraine – and why the US is involved

Courtesy of Tatsiana Kulakevich, University of South Florida

U.S. President Joe Biden said on Jan. 19, 2022, that he thinks Russia will invade Ukraine, and cautioned Russian president Vladimir Putin that he “will regret having done it,” following months of building tension.

Russia has amassed an estimated 100,000 troops along its border with Ukraine over the past several months.

In mid-January, Russia began moving ...



more from Politics

Chart School

Bitcoin Swings Down to Support

Courtesy of Read the Ticker

Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!



The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.



The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.



Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, ...



more from Chart School

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...



more from Promotions

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...



more from M.T.M.

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...



more from Tech. Traders

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...



more from Lee

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.
...

http://www.insidercow.com/ more from Insider





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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.