Posts Tagged ‘CLDX’

Options Change Hands On Diamond Foods Ahead Of Earnings

Today’s tickers: DMND, XLB & CLDX

DMND - Diamond Foods, Inc. – Bullish options in play on the maker of Pop Secret® popcorn and other packaged consumer food products look for shares in Diamond Foods to rally in the near term. Shares in DMND are up 2.8% at $16.70 as of 12:45 p.m. ET, moving higher ahead of the company’s third-quarter earnings report after the closing bell. The stock is off its 2013 high of $17.99 reached back in March, but is still at a more than 20% premium to where the shares closed on December 31st of last year. Despite the recent rally in the stock, shares in the name are still down more than 80% since September of 2011. Traders positioning for shares to rally snapped up Jun $17 strike calls straight out of the gate this morning, picking up around 3,000 contracts for an average premium of $0.65 apiece. Call buyers may profit at expiration should the price of the underlying rise 5.6% over the current price of $16.70 to top the average breakeven point at $17.65.

XLB - Materials Select Sector SPDR ETF – Shares in the XLB are up 0.55% at $40.38 on Monday afternoon, rebounding somewhat after last week touching down to the lowest level since May 2nd. Options changing hands on the Materials Select Sector SPDR ETF early in the session suggest some traders are positioning for the price of the underlying to decline during the next few months. Upwards of 10,000 puts traded at the Sep $40 strike versus open interest of 3,942 contracts this morning, with much of the volume purchased for an average premium of $1.67 each. The largest print was the purchase of a block of 6,000 of the $40 puts at a premium of $1.68 per contract. Put buyers stand ready to profit at September expiration should the price of the underlying fund decline 5.0% from the current level to trade…
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Bulls Bulk Up on US Oil Fund Call Options

 Today’s tickers: USO, MWW, AMCC & CLDX

USO - United States Oil Fund, LP – Crude oil rose Friday with traders finding more than a few excuses to support chasing the United States Oil Fund higher by as much as 4.75% to an intraday high of $37.64. The exchange traded security is meant to broadly track the price of oil and had fallen sharply at the outset of the week after OPEC’s leading producer, Saudi Arabia hinted strongly that it would accommodate rising demand with an increase in supply. Since then investors drove crude oil prices down almost $7 per barrel towards $85 leading some to possibly think that the decline might leave its price bank in the middle of a price range that Saudi and other cartel members would be content with. Friday’s third-quarter GDP report was restrained by inventories, without which the economy might have grown at a breakneck 7.1% pace for the fastest since 1984. Rising oil prices were also inspired by further unrest in the Middle East with headlines over the house arrest of an Egyptian government opponent and a clampdown on domestic Internet usage encouraging call option buying on the USO. Bullish players are binging on call options across several expiries today to support their view that USO shares will continue to rally. In options expiring next week, a whopping 20,500 calls changed hands at the February $38 strike on open interest of just 2,424 contracts. More than 15,150 of the calls were purchased for an average premium of $0.22 apiece. Similar buying patterns were seen in March contract calls. Oil-optimists even looked up to the April $44 strike to take ownership of some 2,100 calls for an average premium of $0.18 a-pop. More than 170,000 options have traded on the USO thus far today and the massive upswing in demand for the contracts helped lift the fund’s overall reading of options implied volatility 12.7% to 29.88% by 12:20pm in New York. Trading in USO calls is currently outpacing that of puts by roughly 5.3 contracts to 1.…
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Phil's Favorites

Q+A: Boris Johnson tests positive for coronavirus - what happens now?

 

Q+A: Boris Johnson tests positive for coronavirus – what happens now?

He’s felt better. PA.

Courtesy of Nicholas Allen, Royal Holloway

Boris Johnson, the British prime minister, has tested positive for the COVID-19 virus. In a recorded video message, Johnson said he had developed “mild symptoms” and is now in self-isolation. Here are the main issues at play for the UK in this time of crisis.

Will Boris Johnson continue as prime minister?

Johnson has made it clear that he will continue to oversee the government’...



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Zero Hedge

25-Year-Old California Man With No Underlying Conditions Dies Of COVID-19

Courtesy of ZeroHedge View original post here.

While coronavirus deaths have primarily been in those above 50-years-old, the disease has also been sending younger people to the ICU in larger than expected numbers - and in some cases, claiming younger victims.

In France, doctors have reported that 50% of ICU patients are under 60-years-old, while in the Netherlands, half are under 50.

Nearly 50% of c...



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Insider Scoop

'Psyched': Hawaii Considers Resolution For Shrooms, Champignon Eyes Ketamine Products

Courtesy of Benzinga

Psyched is a bi-monthly column covering the most important developments in the industry of medicinal psychedelics. We hope you follow us periodically as we report on the growth of this exciting new industry.

Champignon Brands Buys IP Company and Adds Ketamine and New Formulations To Its Portfolio

On March 19, Champignon Brands Inc. (CSE: SHRM) (OTC: SHRMF), a Canadian healt...



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The Technical Traders

These Index Charts Will Calm You Down

Courtesy of Technical Traders

I put together this video that will calm you down, because knowing where are within the stock market cycles, and the economy makes all the difference.

This is the worst time to be starting a business that’s for sure. I have talked about this is past videos and events I attended that bear markets are fantastic opportunities if you can retain your capital until late in the bear market cycle. If you can do this, you will find countless opportunities to invest money. From buying businesses, franchises, real estate, equipment, and stocks at a considerable discount that would make today’s prices look ridiculous (which they are).

Take a quick watch of this video because it shows you ...



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Kimble Charting Solutions

Broadest Of All Stock Indices Testing Critical Support, Says Joe Friday!

Courtesy of Chris Kimble

One of the broadest indices in the states remains in a long-term bullish trend, where a critical support test is in play.

The chart looks at the Wilshire 5000 on a monthly basis over the past 35-years.

The index has spent the majority of the past three decades inside of rising channel (1). It hit the top of this multi-decade channel to start off the year, where it created a monthly bearish reversal pattern.

Weakness the past 2-months has the index testing rising support and the December 2018 lows at (2).

Joe...



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Biotech/COVID-19

Coronavirus treatments and vaccines - research on 3 types of antivirals and 10 different vaccines is being fast-tracked

 

Coronavirus treatments and vaccines – research on 3 types of antivirals and 10 different vaccines is being fast-tracked

Scientific research on the novel coronavirus has progressed at unprecedented speed. Mongkolchon Akesin / Shutterstock

Courtesy of Ignacio López-Goñi, Universidad de Navarra

Just three months after China first notified the World Health Organization about a deadly new coronavirus, studies of numerous antiviral t...



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Chart School

Cycle Trading - Funny when it comes due

Courtesy of Read the Ticker

Non believers of cycles become fast believers when the heat of the moment is upon them.

Just has we have birthdays, so does the market, regular cycles of time and price. The market news of the cycle turn may change each time, but the time is regular. Markets are not a random walk.


Success comes from strategy and the execution of a plan.















Changes in the world is the source of all market moves, to catch an...

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Digital Currencies

Bitcoin Tested As A Safe Haven After Biggest Stock Crash Since 2009

Courtesy of ZeroHedge View original post here.

Authored by Horus Hughes via CoinTelegraph.com,

Gold and Bitcoin react to global panic

Amid all of yesterday's chaos in bond, commodity, and stock markets, with the yield on the 10-year US Treasury note dropping below 0.5% for the first time in history - a strong indicator that investors are desperately looking for safe harbors - two supposed safe-havens in 'alternative currencies' behaved qui...



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Members' Corner

Bloody Mob Sh*t: An Interview with Lincoln's Bible

 

Bloody Mob Sh*t: An Interview with Lincoln's Bible

We talk Trump, Mogilevich, Epstein, Giuliani, Fred Trump, Roy Cohn, and more.

Courtesy of Greg Olear at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

(Originally published on Feb. 21, 20.)

...

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ValueWalk

Entrepreneurial activity and business ownership on the rise

By Jacob Wolinsky. Originally published at ValueWalk.

Indicating strong health of entrepreneurship, both entrepreneurial activity and established business ownership in the United States have trended upwards over the past 19 years, according to the 2019/2020 Global Entrepreneurship Monitor Global Report, released March 3rd in Miami at the GEM Annual Meeting.

Q4 2019 hedge fund letters, conferences and more

The Benefit Of Entrepreneurial Activity ...

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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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