Posts Tagged ‘DDD’

Bearish Prints In DDD Put Options

3D Systems shares had been in positive territory earlier in the session, up as much as 4.2% to touch an intraday high of $50.85. The stock bounced off a low of $47.17 in the early going, a new six-month low for the share price and a more than 50% drop from DDD’s record high of $97.28 reached back on January 3rd. Shares managed to stay in the green for much of the session before succumbing to selling pressure this afternoon. Options expiring next week suggests at least one trader is positioning for further weakness in the near term.

The 17Apr’14 $47 puts traded more than 2,000 times this morning against previously existing open interest of just 94 contracts. Time and sales data indicates most of the puts were purchased at a premium of $1.45 each. The puts may be profitable at expiration in the holiday-shortened week to come, in the event that DDD shares drop more than 5.0% from the current price of $48.13 to trade below the breakeven point at $45.55. Shares in the 3D printing company last traded below $45.55 in August 2013. 


Tags:




3D Systems Corp. Call Options Active As Stock Hits All-Time High

DDD – 3D Systems, Inc. – Shares in the maker of 3D printers are soaring this morning, up as much as 7.1% earlier in the session to touch a record high of $75.40.  The sharp move in the price of the underlying shares spurred relatively heavy trading traffic in DDD options, with roughly 18,000 contracts in play just before midday in New York trading, versus the stock’s average daily options volume of around 37,700 contracts. Trading in 3D Systems calls is outpacing that of puts at the moment, with the call/put ratio standing near 2.1 as of the time of this writing. Options contracts expiring at the end of the week are currently seeing the most volume, though traders appear to be driving fresh interest in far out of the money call options across expiries. Shares in 3D Systems are up more than 140% since this time last year. 


Tags:




ImmunoGen Puts Active

IMGN – ImmunoGen, Inc. – The biotechnology company’s shares dropped 22% to $12.88 today after the developer of anticancer therapeutics announced it will discontinue a Phase II study of IMGN901, its lead drug candidate. The stock was cut to ‘Sell’ from ‘Hold’ at Stifel Nicolaus today.

Options traders positioning for shares in the name to extend losses in the near term appear to be buying November expiry put options on the stock. The Nov $13 strike puts are the most traded contracts on IMGN thus far in the session, with upwards of 1,000 puts in play against open interest of 33 contracts. Time and sales data suggests most of the volume was purchased during morning trading for an average premium of $0.37 each. Put buyers may profit at expiration this month if shares in ImmunoGen drop 4.5% from the current price of $13.22 to settle below the average breakeven point at $12.63. Shares last traded below $12.63 in December of 2012.

DDD – 3D Systems Corporation – Shares in the maker of 3D printers are up sharply on Tuesday, rising as much as 6.7% to a record high of $70.49 during the first half of the trading session. The sharp move in the price of the underlying spurred activity in the Nov 08 ’13 expiry call options, perhaps has some traders position for DDD shares to continue pushing higher this week.

The Nov 08 ’13 $70 and $75 strike weekly calls attracted substantial volume, with more than 2,000 contracts having changed hands at each strike as of the time of this writing. It looks like traders purchased most of the $70 calls at an average premium of $0.96 each, and paid an average premium of $0.24 per contract for most of the $75 calls. Buyers of these out of the money weekly contracts stand ready to profit at expiration in the event that shares in 3D Systems rally another 3.2% and 6.7% over the current price of $68.75 to top average breakeven points at $70.96 and $75.24, respectively.

Overall options volume on DDD is approaching 35,000 contracts just before 11:30 a.m. in New York trading, which is approximately 145% of the stock’s average daily options volume of around 24,000 contracts. Trading in 3D calls is outpacing that of puts, with the call/put ratio hovering near 2.8 as of the time of this writing. 


Tags: ,




Pfizer Bulls Take To Weekly Options

Today’s tickers: PFE, AEO & DDD

PFE - Pfizer, Inc. – Shares in Pfizer are among the few stocks in the Dow Jones Industrial Average that are trading higher today, up 0.80% on the session at $29.61 as of midday in New York, amid a down day for U.S. equities. The stock is on the rise after the drug maker announced the reorganization of its commercial operations into three business units. Weekly call options changing hands on the pharmaceutical company today indicate some traders are preparing for shares in the name to extend gains during the next four trading sessions. Upside call buyers looked to the Aug 02 ’13 $29.5 and $30 strike calls, snapping up more than 4,400 calls at the $29.5 strike for an average premium of $0.22 each. The contracts, most of which appear to have been purchased by one trader, make money at expiration in the event that Pfizer’s shares settle above the breakeven price of $29.72. It looks like traders purchased more than 2,800 calls at the Aug 02 ’13 $30 strike at a premium of $0.09 apiece. Buyers of the $30 weekly calls stand read to profit at expiration should shares in Pfizer rise another 1.6% to exceed $30.09.

AEO - American Eagle Outfitters – Options changing hands on teen retailer, American Eagle Outfitters, on Monday morning indicate at least one strategist is positioning for shares in the name to declines in the near term. Shares in AEO are off 0.40% to stand at $19.12 as of 11:55 a.m. ET. The Aug $19 strike put options are the most actively traded contracts as measured by volume on the retailer today, with around 5,600 lots traded versus open interest of 2,732 contracts. Most of the puts appear to have been purchased by one trader this morning for…
continue reading


Tags: , ,




Traders Hungry For Nutrisystem Options As Shares Rise

Today’s tickers: NTRI, NEE & DDD

NTRI - Nutrisystem, Inc. – Shares in Nutrisystem rose more than 7.0% to a six-month high of $10.18 on Friday after the maker of weight loss products announced Thursday it has increased production of its Nutrisystem D 5-Day Jumpstart Weight Loss Kit to offer the product in 3,700 Walmart locations by the end June. Options in play on NTRI today indicate some traders are prepared to profit from further gains in the price of the underlying during the next couple of months. Traders initiating near-term bullish bets on the stock snapped up calls at the Jun $10 and $11 strikes, purchasing around 900 of the $10 calls for an average premium of $0.17 each and 500 of the $11 calls at a premium of $0.05 apiece. The Jul $10 strike calls are also changing hands today, with more than 500 of those contracts purchased at an average premium of $0.31 each. Looking out to the September expiry options, one or more traders appear to have purchased more than 200 of the Sep $11 calls for an average premium of $0.28 per contract. Buyers of the Sep $11 calls profit at expiration in the event that Nutrisystem’s shares gain another 10% to surpass the average breakeven price of $11.28.

NEE - NextEra Energy, Inc. – Clean energy company, NextEra Energy, Inc., popped up on our ‘hot by options volume’ market scanner in the early going on Friday due to heavier than usual trading traffic in upside calls. Traders dabbling in September expiry calls appear to be positioning for shares in NextEra to hit fresh record highs by expiration. The stock today is up 1.2% at $80.10 as of 1:05 p.m. ET. Traders appear to have purchased more than 750 calls at the Sep $82.5 strike for an average premium of $1.44 each. The bullish trade makes money at expiration as long as shares in NextEra rally 4.8% over the current price of $80.10 to top the average breakeven point at $83.94. NEE shares in…
continue reading


Tags: , ,




Contrarian Plays Payoff As 3D Systems Shares Stage Intraday Rebound

 

Today’s tickers: DDD, KMB & CMP

DDD - 3D Systems Corp. – Shares in the provider of 3D content-to-print solutions were hit hard on Monday after the company reported fourth-quarter revenue below analyst expectations. The stock fell as much as 20% to $30.28 in the first 30 minutes of the trading session, but has since rebounded somewhat to trade 7.8% lower on the day at $35.00 as of 12:05 p.m. ET. Options traders anticipating a rebound in DDD shares in the near term snapped up weekly calls on the stock this morning. It looks like traders picked up around 450 contracts at both the Mar. 01 ’13 $31.67 and $33.33 striking prices at average premiums of $1.41 and $0.69 each, respectively. The strong intraday recovery in shares of 3D Systems now finds these upside call options changing hands at $4.20 and $2.70 apiece as of 12:15 p.m. in New York to the benefit of early-bird buyers of those contracts. Meanwhile, options players bracing for further declines have seen the value of bearish positions decline with the rebound in DDD shares. Upwards of 800 puts traded at the Mar. 01 ’13 $30 strike during the first half of the session, with much of the volume purchased for an average premium of $0.55 apiece in the early going. Premium required to purchase the $30 strike weekly puts has halved intraday to $0.25 per contract as of 12:20 p.m. ET.

KMB - Kimberly-Clark Corp. – Bullish options are changing hands on the operator of well-known consumer hygiene brands, including Kleenex and Scott, with shares in Kimberly-Clark rising 1.5% to a record high of $95.90. The company last week raised its quarterly dividend by 9.5% to $0.81 a share. Options traders looking for shares in the name to add to the more than 13% rally since the end of 2012 picked up March expiry calls on the stock this morning. Traders stepped in the purchase around 500 of the Mar. $97.5 strike calls on KMB this morning for an average premium of…
continue reading


Tags: , ,




Options Portend Slump In Shares Of Dunkin’ Brands

Today’s tickers: DNKN, PFCB, DDD & PLCE

DNKN - Dunkin’ Brands Group, Inc. – A burst of activity in calls and puts covering Dunkin’ Brands Group may be one investor’s way of preparing for a less than savory third-quarter earnings report when the company reveals its performance on November 2. Shares in the operator of Dunkin Donuts and Baskin-Robbins fell 0.90% to $28.16 this afternoon, and are down roughly 11.8% off the company’s post-IPO high of $31.94. The options combo initiated in the November contract this morning yields maximum benefits to its owner if shares in Dunkin’ suffer a nearly 30.0% pullback in the next six weeks. It looks like the investor responsible for the trade sold around 500 calls at the Nov. $30 strike for a premium of $1.375 each, in order to cover the cost of buying a roughly 500-lot Nov. $20/$25 put spread at a net premium of $0.90 each. The trader pockets a net credit of $0.475 per contract on the three-way spread, which he keeps as long as shares in DNKN fail to rally above $30.00 through November expiration. Additional profits are available to the investor should shares breach the $25.00-level, while maximum possible gains of $5.475 – including the net credit – are realized by the trader in the event that DNKN’s shares plummet nearly 30.0% to trade below $20.00 at expiration day. As far as possible motives behind the three-legged spread go, the potential for a disappointing third-quarter report represents just one possible explanation, as performance in U.S. equities across the board has tended to turn on a dime on negative or positive headlines out of Europe. The investor responsible for the transaction may be taking an outright bearish stance on the stock, or may be using the position to hedge long stock in DNKN through earnings. The short calls at the $30.00 strike may require the trader to deliver approximately 50,000 shares of the underlying that he may or may not already own at expiration…
continue reading


Tags: , , ,




 
 
 

Zero Hedge

Liquidity Shortage Getting Worse: Fed's Repo Oversubscribed As Funding Demand Soars 50% Overnight

Courtesy of ZeroHedge View original post here.

20 minutes after today's repo operation began, it concluded and there was some bad news in it: as we feared, yesterday's take up of the Fed's repo operation which peaked at $53.2 billion has expanded substantially, and according to the Fed, today there was a whopping $80.05BN in bids submitted, an increase of $27 billion, or 50% more than yesterday.

It also meant that since the operation - which is capped at $75BN - was oversubscribed by over $5BN, that there was one or more participants who did ...



more from Tyler

The Technical Traders

SAFE ASSETS - A TRADING STRATEGY FOR UTILITIES, GOLD, AND BONDS

Courtesy of Technical Traders

Chris Vermeulen, Founder of The Technical Traders shares his trading strategy for safer assets. While precious metals and bonds had a great run, the charts are showing the utilities could be the place to be in the short term. It’s important to note we are not saying the other safe havens are going to crash but it’s all about the time frame and playing the sector that could pop first.

LISTEN HERE NOW

...



more from Tech. Traders

Phil's Favorites

How does the 'unidentified political object' that is the European Union really work?

 

How does the 'unidentified political object' that is the European Union really work?

European Union flags at the EU headquarters in Brussels, Sept. 11, 2019. AP/Virginia Mayo

Courtesy of Garret Martin, American University School of International Service

In the run-up to the 2016 Brexit referendum in the United Kingdom, “Take our country back” became a rallying slogan for the campaign pushing for ...



more from Ilene

Kimble Charting Solutions

Stocks, Oil, and Bond Yields At Critical Bullish Breakout Tests!

Courtesy of Chris Kimble

It’s not often that three asset classes reach similar important trading points all at once.

But that’s exactly what’s happening right now with stocks, crude oil, and treasury bond yields.

And this is occurring on Federal Reserve day no less! Something has got to give.

In the chart above y...



more from Kimble C.S.

Insider Scoop

Economic Data Scheduled For Wednesday

Courtesy of Benzinga

  • The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  • Data on housing starts and permits for August will be released at 8:30 a.m. ET.
  • The Energy Information Administration’s weekly report on petroleum inventories in the U.S. is schedule for release at 10:30 a.m. ET.
  • The Federal Open Market Committee will announce its policy decision at 2:00 p.m. ET.
  • The Fed Chairman Jerome Powell will hold a press conference at 2:30 p.m. ET.

Posted-In: Economic Data...



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

Lee's Free Thinking

Is The Drone Strike a Black Swan?

Courtesy of Lee Adler

Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.”

According to Investopedia:

A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the practice of explaining widespread failure to predict them as simple folly in hindsight.

I seriously doubt that no one expected or could have predicted a drone strike on a Saudi oil facility.

Call Me A B...

more from Lee

Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

more from Chart School

Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



more from Bitcoin

Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



more from Biotech

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.

Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



more from Our Members

Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

more from Promotions





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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>