Posts Tagged ‘AVL’

Perfect World Co. Options Active As Shares Drop

Today’s tickers: PWRD, HAR & AVL

PWRD - Perfect World Co., Ltd. – Options on Perfect World Co., Ltd. are more active than usual today with shares in China’s largest online game developer and operator down 27.0% at $8.77 this afternoon. The stock plunged after a report posted on Chinese blog Tianya alleged the Company is being investigated by Chinese and U.S. regulators. Short notes out on Bloomberg this morning suggest the report has been removed from the blog and that Perfect World has since denied the allegations. Options players snapped up both call and put options in the front month to prepare for either a rebound in the price of the underlying or further declines in the next two weeks. Investors bracing for further bearish movement in the shares purchased in- and out-of-the-money puts. Volume is heaviest at the Jan. $11 strike where some 2,415 deep in-the-money puts changed hands against open interest of 441 contracts. It looks like trader purchased the majority of these puts for an average premium of $0.58 a-pop. The Jan. $9.0 and $10 strike puts also drew buyers, and appear to have been purchased more than 1,000 times each at average premiums of $0.43 and $0.54, respectively. Finally, the Jan. $8.0 strike puts changed hands more than 500 times against open interest of just 52 contracts today. Investors purchased most of the volume, paying an average premium of $0.26 each. Put buyers targeting the $8.0 strike contracts may profit at expiration if shares in PWRD drop 11.7% from the current price of $8.77 to breach the average breakeven point on the downside at $7.74. Meanwhile, traders prepared to see the stock rebound picked up more than 1,350 calls at the Jan. $10 strike for an average premium of $0.51 per contract. Profits may be available to call buyers at expiration day if shares in the game developer rally 20.0% to top $10.51. Overall options volume on the name is greater than 12,400…
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Options Players Flock to Wynn Resorts

 Today’s tickers: WYNN, AVL, LLTC & GM

WYNN - Wynn Resorts, Ltd. – Options traders are placing bullish bets on the casino resort operator this morning with shares in Wynn Resorts surging 6.6% to an intraday- and more than three-year high of $135.59. Shares in the Las Vegas, NV-based company, which operates Wynn Macau in China, rallied sharply after casino revenue in Macau jumped 48% over the previous year, topping $2.5 billion in March. Options investors flocked to Wynn Resorts, as well as other casino resort operators with ties to Macau, right out of the gate this morning. Near-term bulls are dominating activity in Wynn’s options in the first half of the session, exchanging roughly 2.8 calls on the stock for each single put option. April contract calls are most active just before 12:00pm in New York, with overall options volume nearing 29,000 contracts against total open interest on WYNN of 140,493 contracts. Some bullish players picked up in-the-money call options, buying more than 1,100 calls at the April $130 strike for an average premium of $4.99 each, and purchasing some 1,400 call options at the April $135 strike at an average premium of $2.31 apiece. Near-term optimism spread to the higher April $140 strike where another 1,375 calls were scooped up for an average premium of $0.99 a-pop. Investors long the April $140 strike calls make money in the event that the casino operator’s shares rally another 4.0% over today’s high of $135.59 to surpass the average breakeven price of $140.99 by April expiration day. Finally, more than 1,800 call options changed hands up at the April $145 strike on open interest of just 256 contracts in the first half of the session. It looks like the vast majority of these calls were purchased at an average premium of $0.48 each. Call buyers at this strike profit in the event that WYNN’s shares jump 7.3% to exceed $145.58 at expiration. Wynn Resorts, Ltd. is scheduled to report first-quarter earnings after the closing bell on April 28, 2011, well past the expiration on April contract options.…
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Phil's Favorites

Insider trading has become more subtle

 

Insider trading has become more subtle

Michael Douglas in Wall Street: Money Never Sleeps (2010)

Courtesy of Barry Oliver, The University of Queensland

Insider trading comes in two main forms: arguably legal and clearly illegal.

But, as with drugs in sport, it’s hard to tell when arguably legal ends and clearly illegal begins.

It is generally accepted that it is wrong to buy shares in the company you run when you know something about it that the market does not.

It’s especially wrong to buy shares when you are telling the market that things are much worse for the company than you know them to be.

But what a...



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Kimble Charting Solutions

History Says Gold Correction Could Lead to Big Rally!

Courtesy of Chris Kimble

Over a decade ago, Gold rallied past its 1980 highs and over $1000/oz at (1) on today’s chart.

That rise to new highs was met with a 30 percent correction at (2), followed by a blast off rally to new highs.

Is gold setting up for a repeat of its past?

Gold recently rallied past its 2011 highs and above $2000/oz. Could Gold soon turn lower for a sharp correction before another blast off toward $3000?

If so, Gold bulls should look for a pullback, before blasting higher. Stay tuned!

This article was first written fo...



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ValueWalk

Berkshire Hathaway's Second-Quarter Earnings

By Jacob Wolinsky. Originally published at ValueWalk.

Whitney Tilson’s email to investors discussing Berkshire Hathaway’s second-quarter earnings; it feels like deja vu all over again; it may be time for bank stocks to trade higher; the lowest-ever u.s. junk bond yield; your worst 1%.

Q2 2020 hedge fund letters, conferences and more

Berkshire Hathaway's Second-Quarter Earnings

1) My longtime friend and former partner, Glenn Tongue, is the ax on Berkshire Hathaway (BRK-B).

So, as I do every quarter, I asked if he'd share his thoughts on Berkshire Hathaway's second-quarter earnings report (here are links to the ...



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Zero Hedge

El Erian: Reading The Dollar Doldrums

Courtesy of ZeroHedge View original post here.

Authored by Mohamed El-Erian via Project Syndicate,

A sharp decline in the relative value of the dollar this year has been met with cheers from those hoping for a short-term boost to the US economy, and with hand-wringing by those worried about the currency's global standing. But while both views reflect underlying truths, neither tells the whole story.

...



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Biotech/COVID-19

New Study Finds Potential Reason Why COVID-19 Occurs Less In Children

By Paula Liu via The Epoch Times, via ZeroHedge

The reason COVID-19 occurs less frequently in children could be due to the lack of a certain enzyme, researchers have found.

This new study detailed in the Journal of the American Medical Association ...



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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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Chart School

Silver Big Channel

Courtesy of Read the Ticker

Big channels are the sand pit of price action. Lets review some big trends of these past months.


GLD
- Moving higher to upper solid red line channel


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XAU
- Ready to pause, or simply explode.



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SILVER
- Ready to pause, or simply explode.


Click for popup. Clear your browser cache if image i...



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Digital Currencies

Raoul Pal: "It May Not Be Worth Owning Any Asset Other Than Bitcoin"

Courtesy of ZeroHedge View original post here.

Authored by Turner Wright via CoinTelegraph.com,

Raoul Pal, CEO and founder of Real Vision, says Bitcoin may soon become his only asset for long-term investments.

image courtesy of CoinTelegraph ...



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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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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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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

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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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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