Posts Tagged ‘CLGX’

Visa Calls Fly Off The Shelves As Shares Hit Fresh 52-Week Peak

Today’s tickers: V, CLGX, JEF & TEVA

V - Visa, Inc. – Volume in Visa call options jumped straight out of the gate this morning, with shares in the electronic payments company now trading 5.2% higher on the day at a new 52-week high of $94.75 as of 12:55 pm ET. The company said Monday it has partnered with Internet search giant, Google, to allow Visa account-holders to pay for store purchases with Android smartphones. Activity in call options that expire at the end of the week suggest some traders are positioning for the price of Visa’s shares to extend gains through Friday. Investors picked up in- and out-of-the-money calls in the Sept. ’23 weeklies, but focused their efforts most aggressively at the Sept. $95 call, driving volume at that strike up past 11,500 contracts. The majority of the Sept. $95 strike calls appear to have been purchased for an average premium of $0.46 each. Call buyers profit at expiration this week if shares in Visa exceed the average breakeven price of $95.46. Bullish bias in the weeklies spread to the Sept. $97.5 strike where investors paid an average premium of $0.22 apiece for more than 650 calls.

Longer-dated October contract call options are also popular on Visa this afternoon as traders position for fresh 52-week highs in the weeks ahead. Buyers out-transacted sellers in the Oct. $92.5 and $95 strike call, while mixed trading was seen in the higher Oct. $100 strike call option. Fresh prints in the Oct. $105 strike call are notable as upwards of 2,500 calls changed hands at that strike against previously existing open interest of just 3 contracts. It looks like most of these contracts were purchased for an average premium of $0.25 a-pop. Investors long the Oct. $105 strike call profit at…
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Crowd Forms Around CoreLogic Call Options

Today’s tickers: CLGX, XLY, JDSU & FNF

CLGX - CoreLogic, Inc. – Options volume on the provider of business support services has ballooned to more than twice the number of existing positions on the stock, with calls changing hands more than 20 times for each single put option in action. The spike in demand for calls is no surprise given the 28.6% rally in CoreLogic’s shares to $11.30 today, on news the company hired Greenhill & Co. to help it consider various options that could include putting itself up for sale. Increased activity in CLGX options sent implied volatility on the stock screaming higher to 66.48%, a 79.3% gain over yesterday’s close. Much of the nearer-term positioning in CoreLogic call options today appears to be the work of bullish investors expecting the price of the underlying to continue higher. But, open interest patterns in the calls suggest not all players acted after news of Greenhill & Co.’s hire hit the stands. It looks like some traders picked up 445 of the October $10 and 550 of the Jan. 2012 $10 strike call options yesterday for an average premium of $0.14 and $0.40 apiece, respectively. The values of these positions no doubt exploded overnight, with buyers of these options now paying around $1.53 and $1.64 for the right to purchase shares in CLGX at $10.00 come expiration day in October and January 2012. Although overnight success stories such as these tend to raise an eyebrow or two, there is no evidence as yet to indicate call buyers knew what was coming to them today.

Meanwhile, new bullish stances were initiated on the stock across all available expiries. Call buyers took to the $10 and $12.5 strikes expiring in September and October to presumably get in on the way up. Sizable…
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Zero Hedge

Experts Fear 'Suicide Wave' As The Social Fabric Of America Becomes "Unstitched"

Courtesy of ZeroHedge View original post here.

Millions of Americans have just lost their jobs in the last several weeks due to the COVID-19 outbreak shutting down large swaths of the US economy. Households are coming under severe financial stress, with no savings, insurmountable debts, and job loss. Many are waiting for President Trump’s stimulus check to arrive in the mail, some have skipped out on their rent or ...



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ValueWalk

Pandemic-related deterioration may cause a drop in PMI

By Gorilla Trades. Originally published at ValueWalk.

In an intra Day note to investors, Gorilla Trades strategist Ken Berman, while commenting on the pandemic-related deterioration, said:

The major indices are all trading lower at midday following another choppy and bearish morning session on Wall Street. The continued exponential growth in the number of U.S. COVID-19 cases and the weak economic data have been weighing on investor sentiment, but stocks are holding up relatively well following yesterday’s bounce. The government jobs report was at the center of attention this morning following yesterday’s record number of new jobl...



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Phil's Favorites

Unmasking the Truth on Masks to Protect Against Coronavirus: Fire the Surgeon General

Courtesy of Pam Martens

By Pam Martens and Russ Martens: April 3, 2020 ~

On March 23 we wrote this:For want of a mask the largest economy in the world has been gutted, with Goldman Sachs now projecting that U.S. GDP could contract by as much as 24 percent in the second quarter.” Now, in the past two weeks, 10 million Americans have filed claims for unemployment. Let that sink in, 10 million of our fellow citizens have l...



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Kimble Charting Solutions

Depression Coming or Is the Bottom Already In? Joe Friday Says Your Answer Lies Here!

Courtesy of Chris Kimble

Are we headed towards a Depression or is the worst already behind us? In today’s world, comparisons to the great depression are easy to find.

Are the Depression concerns well founded or are the declines of late already pricing in a bottom?

In my humble opinion, this chart and the upcoming price action of this index will go miles and miles towards telling us if we are headed towards very tough times or if the huge declines of late are actually in a bottoming process.

This chart looks at the Thomson Reuters Equal Weighted Commodity Index on a monthly basis over the past 54 years. The index has been heading south, reflecting weakness in demand for basi...



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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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Biotech/COVID-19

Antibodies in the blood of COVID-19 survivors know how to beat coronavirus - and researchers are already testing new treatments that harness them

 

Antibodies in the blood of COVID-19 survivors know how to beat coronavirus – and researchers are already testing new treatments that harness them

A person who has recovered from COVID-19 donates plasma in Shandong, China. STR/AFP via Getty Images

Ann Sheehy, College of the Holy Cross

Amid the chaos of an epidemic, those who survive a disease like COVID-19 carry within their bodies the secrets of an effective immune response. Virologists like me...



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The Technical Traders

Founder of TradersWorld Magazine Issued Special Report for Free

Courtesy of Technical Traders

Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

There is only one article in this special supplement, click on the image or link below to download and read it today!

...

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Chart School

Big moving Averages and macro investment decisions

Courtesy of Read the Ticker

When price is falling every one wonders where demand will come in.


RTT black screen Tv videos study the simplest measure of price (simple moving average). What has happen before guides us now. 














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

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

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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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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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