Posts Tagged ‘CCL’

Bullish Activity Detected In Staples Options

SPLS – Staples, Inc. – Office supplies retailer Staples popped up on our market scanners this morning following a burst of activity in November expiry call options. Shares in SPLS have been moving steadily higher throughout the session, with the stock currently up 1.4% on the day at $14.95 as of 12:35 p.m. ET.

The most traded options contracts on Staples today are the Nov $16 strike calls, with roughly 7,000 contracts purchased at a premium of $0.20 each just after 10:00 a.m. ET this morning. The position makes money at expiration if shares in the retailer rally more than 8.0% over the current price of $14.95 to exceed the breakeven point at $16.20. The Nov $16 calls expire one week prior to the company’s third-quarter earnings report on November 20th.

Finally, the Nov $15 strike calls were also active this morning, with around 800 lots purchased at a premium of $0.50 each at almost the exact same time as the $16 calls were purchased. 

CCL – Carnival Corp – Shares in the world’s largest cruise operator are sinking today, down as much as 8.0% during morning trading to $34.43, after the company forecast fourth-quarter earnings below analyst estimates.

Put options purchased during the final 30 minutes of the trading session on Monday appear to have generated sizable overnight profits for at least one options strategist today. Open interest in the Oct $37 puts increased by around 1,250 contracts following the prior trading session;…
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Options Suggest Rough Seas Possible For Carnival; Rallies In Sight For Hess, Sunoco

 

Today’s tickers: CCL, HES & SUN

CCL - Carnival Corp. – A debit put spread initiated on cruise operator, Carnival Corp., may be a protective strategy or, perhaps, an outright bearish bet that shares in the name will sink following the company’s second-quarter earnings report next Tuesday. Shares in Carnival are up 1.0% at a near six-month high of $34.16 as of 10:50 a.m. ET, bringing the stock’s week-to-date gains up to 8.75%, on optimism slumping oil prices is positive for the cruise industry. It looks like one trader prepared for the shares to potentially reverse gains purchased a 2,000-lot July $30/$32 put spread for a net premium of $0.50 per contract. The position makes money, or provides downside protection, in the event that Carnival’s shares slide 7.8% to breach the effective breakeven price of $31.50. Maximum potential gains available on the spread amount to $1.50 per contract should the price of the stock drop 12.2% to $30.00 within the next five weeks to expiration.

HES - Hess Corp. – The global integrated energy company popped up on our scanners early in the trading session on Wednesday after a sizable three-legged spread was initiated in the November expiry options. It looks like one strategist is selling out-of-the-money puts to reduce the cost of taking a bullish stance on the stock. Shares in Hess are today lower by 0.90% at $43.54 as of 11:30 a.m. in New York. The largest transaction in HES options so far today was constructed with the sale of 2,000 puts at the Nov. $37.5 strike against the purchase of a 2,000-lot Nov. $45/$52.5 call spread done at a net premium outlay of $0.03 per contract. Profits are available on the trade if shares in Hess Corp. rally 3.4% to surpass the effective breakeven point on the upside at $45.03 by expiration. The strategist stands to make as much as $7.47 per contract in the event that HES stock price soars 21.0%…
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Pre-Announcement Jitters Spark Action In Starbucks Options

Today’s tickers: SBUX, CCL & ZION

SBUX - Starbucks Corp. – Fresh record highs may be on the horizon for Starbucks Corp., according to some strategists populating the coffee retailer’s options this morning. The stock today reached its highest level since the Company’s IPO in 1992, rallying 2.5% to $50.75 in the first half of the trading session. Options on Starbucks are more active than usual today ahead of the Company’s announced 5:00 p.m. (PT) conference call to discuss a new initiative in the single-cup serving category. Bullish positions are building in the front month calls, with more than 3,800 contracts changing hands at the Mar. $52.5 strike against open interest of 146 contracts. It looks like most of the $52.5 calls were purchased for an average premium of $0.12 a-pop, positioning buyers to profit at expiration next week in the event that Starbucks shares increase another 3.7% to top the average breakeven price of $52.62. Volume in the April $52.5 and July $52.5 strike calls is on the rise, as well. Buyers of the options this morning paid average premiums of $0.65 and $1.90 apiece, respectively, eyeing the stock’s upside potential over the next several months. Meanwhile, traders dabbling in SBUX puts may be locking in gains and establishing downside protection, or are perhaps taking outright bearish positions on the coffee company in the view that shares may cool in the near term.

CCL - Carnival Corp. – Options on Carnival Corp. are humming with activity this morning ahead of the cruise operator’s first-quarter earnings report on Friday before the open. Shares in CCL are up 1.6% today at $30.91 heading into earnings. The stock got off to a good start in 2012, rising up to $35.14 – the highest since the end of October – back on…
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Bull-Run Continues On United Technologies Corp. Call Options

 

Today’s tickers: UTX, FSLR & CCL

UTX - United Technologies Corp. – A burst of call activity on United Technologies may mean traders are expecting shares in the operator of Otis, Pratt & Whitney, Sikorsky and others to rise substantially ahead of March expiration. The stock is roughly flat on the session, down 0.10% at $83.89 as of 1:10 p.m. on the East Coast. Roughly one hour into the trading session, traffic in out-of-the-money call options with three weeks remaining to expiration spiked – this following Friday’s bullish action in the $85 weekly options. One or more traders appear to have purchased some 1,700 calls at the Mar. $85 strike at a premium of $0.76 each and at least 2,500 calls at the Mar. $87.5 strike for an average premium of $0.22 apiece. Call volume is heaviest up at the Mar. $90 strike, where more than 9,100 contracts changed hands against open interest of just 201 contracts. A block of 6,415 of the $90 strike calls, the largest single trade in UTX options today, was purchased by one investor for $0.09 each. The sizable block of call options appears to be a low-cost, low probability bet that shares in UTX may be rally sharply ahead of March expiration. Profits may be available on the position in the event that shares in UTX jump 7.4% to top the effective breakeven price of $90.09 by expiration next month. Shares in UTX last traded above $90.09 back in July 2011. The stock has rallied nearly 13.0% since the start of the New Year.

FSLR - First Solar, Inc. – Big prints in First Solar put options appear to be the work of an investor taking profits on one sizable put spread and simultaneously initiating a fresh bearish stance on the stock.…
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Call Buying On Sprint Amid Session Lows Well-Played As Shares Rebound

     Today’s tickers: S, GS, RIMM & CCL

S - Sprint Nextel Corp. – Seemingly well-timed call buying on Sprint in the first hour of the trading session has seen the value of options held by one or more bullish investors appreciate intraday. Shares in Sprint Nextel Corp. fell as much as 17.6% this morning to touch down at a new 52-week low of $2.25, but have since fought their way back to rally 2.2% to $2.79 just after 12:35 pm EDT. The stock tumbled this week on news the third-largest U.S. wireless carrier is committed to buying at least 30.5 million iPhones over the next four years, a deal estimated to cost around $20 billion, as reported in today’s Wall Street Journal. Concerns regarding the terms of the deal were reflected in the steep selloff that ensued in Sprint shares. But, activity in Jan. 2012 contract call options this morning suggests some traders were ready to position for a rebound in the battered stock. It looks like investors purchased around 18,400 calls at the Jan. 2012 $2.5 strike for an average premium of $0.57 apiece, against previously existing open interest of 9,650 contracts. The calls that had earlier cost an average of $0.57 to purchase now require $0.76 per contract roughly two hours later. Premium on the calls should continue to rise should Sprint’s shares extend their recovery in the months remaining to January 2012 expiration. Options traders populating Sprint Nextel Corp. are trading roughly three calls on the wireless provider to each single put in action. Options implied volatility is up 30.3% to arrive at 119.8% this afternoon.

GS - The Goldman Sachs Group, Inc. – Shares in Goldman Sachs are well off their lows of the session, having earlier dropped as much as 6.45% to a 31-month low of $84.27. The stock remains firmly in the red, however, down 2.1% at $88.18 as of 11:30 am in New York. Not surprisingly, options on financial stocks and the XLF are some of the most active…
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Options Suggest Carnival Corp. Rally Is Running On Empty

Today’s tickers: CCL, ELX, OVTI & KKR

CCL - Carnival Corp. – Shares in the provider of cruise vacations are up 3.0% at $30.30 in early-afternoon trade, but options activity on the stock indicates the rally may lose steam. Investors appear to be selling in- and out-of-the-money calls on the cruise operator today perhaps on the expectation that today’s stock market rally represents but a brief respite from painful market pullbacks on the horizon. Abundant signs the market is slowing coupled with potential debt disasters overseas could dampen consumers’ willingness to spend hard-earned money on a non-essential cruise vacation. Shares in Carnival currently hover just above Wednesday’s fresh 52-week low of $29.35. Traders expecting Carnival’s shares to sink below $30.00 by expiration next month sold some 8,500 calls at the September $30 strike to pocket an average premium of $1.80 per contract. Call sellers keep the full amount of premium received as long as CCL’s shares fail to exceed $30.00 at expiration day. Premium received on the sale acts as a buffer against potentially uncapped losses to the upside, but protection gives way in the event that shares exceed the effective breakeven price of $31.80. Call selling spread to the higher September $32 strike where some 200 lots sold for an average premium of $0.92 a-pop. Reminders of the strong headwinds to growth going forward would likely once again spur investors to abandon ship on consumer discretionary names such as Carnival. The call options sold today expire several days ahead of CCL’s third-quarter earnings report on September 20.

ELX - Emulex Corp. – Shares in the provider of networking convergence solutions and equipment rose 1.6% this afternoon to $6.92, led higher by the broad market rally in U.S. stocks and Cisco’s better-than-expected fourth-quarter earnings report. Emulex is slated to post its…
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$25,000 Virtual Portfolio – Week 21 – Goaaaaaaaaaaaaaal!!!

Goaaaaaaaaaaaaaaal!  

We are over our $50,000 mark and right on schedule at the halfway mark!  Not bad considering we began with our aggressive $10,000 virtual portfolio last year, which we ran up to $36,630 – put that $11,630 back in the virtual bank and began this year in February with a $25,000 Virtual Portfolio.

The last major update to our virtual portfolio was back on May 21st.  We do send out Alert updates on a regular basis and discuss the trade ideas daily in Member Chat.  Now we can start July off with a clean $50,000 Virtual Portfolio with the same goal – to double up in 6 months but sticking to the same small allocation hit and run trade ideas that we used (mostly) in the first half.  I urge you to read the original post and the update if you haven’t already to get an idea of what we are trying to learn by following this "hyper-aggressive" virtual portfolio model.  

As promised, it has certainly been a wild ride and our last Alert Update from June 23rd left us off with $95,072 worth of closed transaction and a virtual net balance of $45,972, with about $49,000 worth of unrealized losses in our still-open positions.

Getting that close to goal with a week to go put us in shut-down mode and we didn't do too much trading last week but we did close the following transactions, which amounted to mainly closing out all…
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Bears Tackle Exxon Mobil Options, Bulls Climb Aboard Carnival Corp.

Today’s tickers: XOM, CCL, WYN & VRSN

XOM - Exxon Mobil Corp. – A large bearish options play on the world’s largest corporation indicates one strategist is positioned for shares in Exxon Mobil to fall ahead of August expiration. The investor responsible for the sizable ratio put spread on the oil and gas company may be taking an outright bearish stance on the stock, or could be hedging a long position in the underlying ahead of XOM’s July 28 second-quarter earnings report. Exxon Mobil’s shares are currently up 1.3% to stand at $80.75 just before 11:45am in New York. It looks like the options trader picked up 7,500 puts at the August $77.5 strike for a premium of $1.79 each, and sold 15,000 puts at the lower August $72.5 strike at a premium of $0.78 apiece. The net cost of the ratio spread reduces to $0.23 per contract, thus positioning the investor to profit if shares in XOM decline 4.3% in the next couple of months to breach the effective breakeven price of $77.27 at expiration. Maximum potential profits of $4.77 per contract are available to the trader should shares plunge 10.2% to settle at $72.50 at expiration in August. The ratio of twice as many short puts suggests the investor sees limited bearish movement in the price of the underlying stock. More significant share price erosion than the put player expects could result in losses on the position in the event that shares in Exxon Mobil drop 16.1% in the next nine weeks to slip beneath the lower breakeven price of $67.73 by expiration day in August. Other signs of investor pessimism on XOM cropped up in the August $85 strike call where is appears some 2,600 contracts sold for an average premium of $0.70 a-pop. Options implied volatility on the stock is off its lows of the session, but remains 8.5% lower on the day at 18.73% as of 11:55am.…
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Contrarians Scoop up Carnival Corp. Call Options

Today’s tickers: CCL, XLF, IRM & WAC

CCL - Carnival Corp. – Shares in the cruise company sank 8.3% this afternoon to touch an intraday low of $41.90, but it looks like some options traders expect Carnival Corp. to encounter fairer seas ahead of July expiration. More than 3,400 calls changed hands at the July $47 strike in the first half of the trading session, which is more than twice the number of contracts of open interest at that strike. It looks like the majority of the contracts, or some 2,600 of the calls, were purchased for an average premium of $1.89 apiece. Contrarians positioning for a rebound are prepared to make money should shares in CCL surge 15.0% off today’s low of $42.50 to surpass the average breakeven price of $48.89 ahead of July expiration. Carnival last traded up at a 52-week high of $48.14 back on January 6, 2011. The firm is one month away from reporting earnings for the first quarter before the market opens for trading on March 22, 2011. The sharp decline in shares today and the rise in demand for calls on the stock helped lift the overall reading of options implied volatility on Carnival 23.1% to 31.32% by 1:30pm in New York trading.

XLF - Financial Select Sector SPDR ETF – Three large blocks of XLF put options changed hands within the first 20 minutes of the trading session, and appear to be the foundation for a sizable bearish put butterfly spread. Shares in the XLF, an exchange-traded fund designed to track the performance of the Financial Select Sector of the S&P 500 Index, declined as much as 2.9% during the session thus far to touch an intraday low of $16.68. The put ‘fly yields maximum benefit for one investor if shares in the…
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Bullish Players Gorge on Apple Calls

Today’s tickers: AAPL, APC, GE, CCL, EMC, RAH, EEM, WAG, FTR, OMX & JPM

AAPL – Apple, Inc. – Bulls sank their teeth into Apple call options today in order to position for continued appreciation in the price of the underlying through August expiration. The iPhone maker’s shares increased as much as 2.10% during the trading session to secure an intraday high of $275.97 perhaps on news the firm sold 3 million iPads in the first 80 days since the product was introduced to the U.S. marketplace. Apple optimists expecting shares to surpass yesterday’s new 52-week high of $279.01 purchased 1,100 calls at the August $280 strike for a hefty premium of $14.64 apiece. Investors long the calls are positioned to profit if Apple’s shares rally 6.75% over today’s intraday high of $275.97 to trade above the average breakeven point at $294.64 by August expiration. Bulls anticipating more significant share price gains by August expiration purchased approximately 2,500 calls at the higher August $290 strike for an average premium of $9.70 each. Investors long the August $290 strike contracts make money if the iPod maker’s shares surge 8.6% to exceed the average breakeven price of $299.70 by expiration day. Finally, uber-bulls bought 2,000 calls at the higher August $300 strike for an average premium of $7.38 a-pop. Traders holding the August $300 strike calls stand ready to accumulate profits as long as Apple’s shares jump 11.4% to trade above the average breakeven point on the calls at $307.38 by expiration day in August. Nearly 200,000 option contracts changed hands on Apple, Inc. by 3:00 pm (ET), with call options trading 1.35 times to each single put option in play.

APC – Anadarko Petroleum Corp. – Shares of the independent oil and gas exploration and production company which holds a 25% stake in BP’s leaking well in the Gulf of Mexico dropped 4.35% late in the session to stand at $41.56 as of 3:15 pm (ET). Despite the decline in the price of the underlying today one optimistic option strategist positioned himself to one day bask in the light at the end of the tunnel by enacting a bullish debit call spread in the November contract. APC’s shares plunged 53.4% from a high of $74.14 on April 20 – the day the leak was triggered – down to a 52-week low of $34.54 on June 9, 2010. Since bottoming out on…
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ValueWalk

No coronavirus relief package yet: How to create your own check

By Aman Jain. Originally published at ValueWalk.

With no decision yet on the next coronavirus stimulus package, many are starting to worry about paying their bills amid the coronavirus pandemic. Instead of waiting for the coronavirus relief package, there are a few ways that can help you create your own check without working extra hours.

Q2 2020 hedge fund letters, conferences and more

Lower dependence on coronavirus relief package

Democrats and Republicans are still far apart on the next coronavirus relief package. With the Senate scheduled to go on a month-long recess starting August 8,...



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Phil's Favorites

A second COVID-19 wave? Here are 6 lessons from the first

 

A second COVID-19 wave? Here are 6 lessons from the first

A man wearing a face mask to curb the spread of COVID-19 walks past a temporary Pride art installation in Vancouver on Aug. 3, 2020. THE CANADIAN PRESS/Darryl Dyck

Courtesy of Loren Falkenberg, University of Calgary and Jillian Walsh, University of York

As COVID-19 spread across the globe, governments looked to epidemiologists to slow its transmission.

Without a vaccine, large-scale testing capacity and sufficient critical-care beds, epidemiologists pushed...



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Biotech/COVID-19

A second COVID-19 wave? Here are 6 lessons from the first

 

A second COVID-19 wave? Here are 6 lessons from the first

A man wearing a face mask to curb the spread of COVID-19 walks past a temporary Pride art installation in Vancouver on Aug. 3, 2020. THE CANADIAN PRESS/Darryl Dyck

Courtesy of Loren Falkenberg, University of Calgary and Jillian Walsh, University of York

As COVID-19 spread across the globe, governments looked to epidemiologists to slow its transmission.

Without a vaccine, large-scale testing capacity and sufficient critical-care beds, epidemiologists pushed...



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Zero Hedge

House Ethics Committee Finds Rashida Tlaib Violated Campaign Finance Rules

Courtesy of ZeroHedge View original post here.

Authored by Jack Philips via The Epoch Times,

The House Ethics Committee found Rep. Rashida Tlaib (D-Mich.), a member of the so-called “Squad,” violated campaign finance rules by receiving a campaign salary after she was no longer a candidate.

...



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The Technical Traders

Melt-Up Continues While Metals Warn of Risks

Courtesy of Technical Traders

What a week for Metals and the markets, folks. The Transportation Index is up nearly 4% for the week.  The Dow Jones Industrial Average is up over 3% for the week.  Silver is up over 14% and reached a peak near $30 (over 23%).  Gold is up over 2.5% and trading above $2025 right now – with a peak price level near $2090.  If you were not paying attention this week, there were some really big moves taking place.

MELT-UP WITH HIGH RISKS – PAY ATTENTION

Overall, our research team believes the current “melt-up” price action is likely to continue as global investors continue to believe the US Fed will do everything possible to save the...



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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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Kimble Charting Solutions

Silver Headed Back To $50, Top Of The Cup & Handle Pattern?

Courtesy of Chris Kimble

Could Silver be creating a multi-decade bullish “Cup & Handle” pattern? Possible!

Did a retest of a handle breakout take place in March at (1), where Silver created one of the largest bullish reversals in decades? Possible!

Could Silver be creating a 40-year bullish pattern? Anything is possible! I humbly have to say share this; I’ve been in the business for 40-years and I haven’t seen anything like this.

Silver looks to have double topped back in 2011 at $50, which was the 1980 highs. After double topping, Silver ...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Sunday, 29 March 2020, 07:00:37 PM

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Comment: Silver Shorts Are In a Bind | Ted Butler youtu.be/qQc0AoJp-Q8



Date Found: Monday, 30 March 2020, 05:21:45 PM

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Comment: 5 Questions From You for Luke Gromen youtu.be/nVZD_fuxbQE


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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

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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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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