Posts Tagged ‘DISH’

DISH Call Options Active After AT&T / T-Mobile Merger Falls Through

             Today’s tickers: DISH, CROX, USB & BPOP

DISH - DISH Network Corp. – Investors were busy buying call options on the provider of direct broadcast satellite subscription television service straight out of the gate this morning on speculation the company may have what AT&T needs after the potential deal with Deutsche Telekom’s T-Mobile USA unit fell through. Shares in DISH Network rallied sharply on news of the failed merger as analysts directed attention to the Englewood, Colorado-based Company’s spectrum, an attractive asset to AT&T, which needs to bulk up on wireless airwaves. DISH’s shares increased as much as 9.4% to $27.50 in the first half of the session, spurring some strategists to snap up call options in the front month. It looks like investors prepping for shares in DISH Network to extend gains in the near term purchased around 1,250 in-the-money calls at the Jan. 2012 $27 strike for an average premium of $1.50 each. Call buyers stand ready to profit at expiration next month in the event that shares in DISH rally another 3.6% to exceed the effective breakeven price of $28.50. Bullish activity spread to the Jan. 2012 $29 strike where some 230 calls were purchased at a premium of $0.65 per contract. DISH Network’s shares must soar 7.8% to top $29.65 in order for higher-strike call buyers to profit at expiration day in January.

CROX - Crocs, Inc. – Options traders slipped their feet into Crocs call options this morning, with shares in the rubber clog maker climbing as much as 6.7% to $15.53 today. Heavy call volume in the front month suggests some strategists are gearing up for substantial near-term gains in the price of the underlying stock. The company yesterday announced it obtained a five-year $70 million secured revolving line of credit to replace its existing $30 million asset backed line of credit. The CFO of the company said in a release that the new credit agreement provides “additional financial flexibility to invest in our strategic initiatives.” Bullish investors that purchased more than…
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Call Spreader Eyes Near-Term Turn-Around In Valeant

Today’s tickers: VRX, DISH, GE & S

VRX - Valeant Pharmaceuticals, Inc. – Shares in Canada’s largest drug maker have lost roughly one-third of their value in just over one week’s time, and it looks like one options player is prepared to see the stock recover somewhat in the next couple of weeks. Valeant’s shares currently trade 6.15% lower on the session at $38.34. The stock fell sharply on Thursday after the company reported lower-than-expected profits for the second quarter. Massive prints in August contract call options point to one player’s optimism for a speedy, albeit limited, rebound in the price of the underlying by expiration this month. It looks like the investor initiated a bull call spread, buying 25,000 now in-the-money calls at the August $38 strike for a premium of $1.75 each, and selling the same number of calls up at the August $43 strike at a premium of $0.45 apiece. The net cost of the trade amounts to $1.30 per contract, thus preparing the options strategist to profit should shares in Valeant increase 2.5% over the current price of $38.34 to surpass the effective breakeven point on the spread at $39.30 by expiration day. Maximum potential profits of $3.70 per contract pad the investor’s wallet if shares in the drug maker gain 12.2% to trade above $43.00 by expiration in two weeks. Options implied volatility on the pharmaceuticals company stands 25.6% higher this afternoon at 67.51% as of 1:40 pm on the East Coast.

DISH - DISH Network Corp. – The sharp pullback in shares of DISH Network today appears to have paid off handsomely for one strategist holding put options on the stock. It looks like the investor more than doubled his money in the past 48 hours by selling puts originally purchased on Wednesday. Shares in…
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Ratio Put Spreader Tunes in to DISH Network Corp. Options

Today’s tickers: DISH, LBTYA, HGG, VECO, WBMD, VLO & TFSL

DISH – DISH Network Corp. – The implementation of a ratio put spread on the U.S. provider of direct broadcast satellite subscription television service this afternoon was perhaps put on by an investor looking to lock in recent share price gains. DISH shares, which are currently up 2.4% on the day to arrive at $20.77 by 3:40 pm ET, have rebounded nearly 17.5% since touching down to $17.75 on July 1, 2010. It looks like one trader purchased 3,000 puts at the December $20 strike for an average premium of $1.58 each, and sold 6,000 puts at the lower December $18 strike for an average premium of $0.83 a-pop. The investor responsible for the transaction receives a net credit of $0.08 per contract, and keeps the full amount at long as DISH’s shares exceed $20.00 through December expiration. The trader is perhaps utilizing the spread to protect the value of a position in the underlying shares. If this is the case, downside protection kicks in should shares reverse course to trade below $20.00 by expiration day. The decision to employ a ratio spread rather than a 1-by-1 spread or a plain-vanilla long put stance suggests this investor does not expect DISH shares to collapse ahead of expiration at the end of 2010. The firm is scheduled to report second-quarter earnings ahead of the opening bell on August 9, 2010.

LBTYA – Liberty Global, Inc. – It looks like one options strategist expects shares of the international producer of video, voice and broadband internet services to remain range-bound through October expiration. Liberty Global’s shares are currently down 0.20% to stand at $29.65 as of 3:05 pm ET. LBTYA reported an adjusted net loss of $2.42 a share for the second quarter of 2010 after the market closed on Tuesday. But, shares moved very little following earnings. Perhaps the lack of fluctuation in the price of the underlying shares during earnings season bolstered the strangle seller’s premonition that LBTYA’s shares are likely to trade within a specified range for the next couple of months. The investor appears to have sold roughly 10,000 puts at the October $27.5 strike for a premium of $0.70 each in combination with the sale of about the same number of calls at the October $32.5 strike for an average premium of $0.35 apiece. The trader pockets…
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US Airways Group, Inc. Call Player at Work as Shares Take Off

Today’s tickers: LCC, XLI, CXO, AMGN, DISH, GNW, DVN, WFR, DISCA & HIG

LCC – US Airways Group, Inc. – Shares of the operator of US Airways are trading higher by 7.50% to $9.29 in late afternoon trading after earlier rallying more than 10.50% to secure a new 52-week high of $9.55. The jump in shares prompted one bullish investor to bank profits on a previously established long call position as well as initiate fresh optimistic stances on the stock. US Airways Group’s shares were helped higher, along with shares of other airline operators, after Continental Airlines Inc. posted better-than-expected monthly unit revenue for May. The LCC-bull appears to have originally purchased approximately 29,000 calls at the June $10 strike for an average premium of $0.23 apiece back on May 26, 2010, when shares of the underlying stock were trading at a volume-weighted average price of $8.33. Today, the trader sold 28,900 calls at the June $10 strike for a premium of $0.45 each to pocket net profits of $0.22 per contract. The same investor then extended optimism on US Airways Group, Inc. by purchasing 25,900 fresh calls at the higher June $11 strike for a premium of $0.24 each. The new June $11 strike call position readies the investor to amass profits should LCC’s shares rally 17.7% over the stock’s new high of $9.55 to surpass the effective breakeven price of $11.24 by expiration. Finally, the trader extended high hopes for a significant rally in US Airways’ shares by picking up another 21,450 calls at the July $12 strike for a premium of $0.32 per contract. The July contract call options yield profits to the bullish player if shares of the airline operator surge 29% to exceed the breakeven price of $12.32 ahead of July expiration.

XLI – Industrial Select Sector SPDR Fund – Put strategists populating the XLI, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Industrial Select Sector of the S&P 500 Index, initiated bullish and bearish transactions on the fund today. Shares of the ETF are currently trading 2.00% higher on the day at $29.52 as of 3:05 pm (ET). The first of the two large trades observed on the XLI was enacted by an investor selling-to-close a large-volume long put stance in the June contract. It looks like the trader originally purchased 27,000 puts at…
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Opportunist Dollar Bear Hones in on PowerShares

Today’s tickers: UUP, MBT, DISH & CY

UUP – As noted in our IB FX View earlier this morning, demand for the dollar as a safety play is emerging with notable declines of the other traditional safety plays of the yen and the Swiss franc against the dollar at least. One option investor is taking advantage of this dollar strength through a bearish stance using options on this dollar bullish index fund. The recent bearish tack for the dollar saw the price of this bull fund languish lately and its price reached a low at $23.35 for a 10-month low. The sudden reversal in the dollar’s fortunes has lifted shares to $23.70 earlier today. An option player sold calls at the nearby 24 strike and used the 25 cent premium to offset the richer cost of puts options at the same strike. Those 24 strike puts carry intrinsic value since they are already in the money. The investor is clearly dollar-bearish and doesn’t expect the near-term dollar advance to hold. – PowerShares US Dollar Index Bullish fund

MBT – The Russian cellular communications company appeared on our ‘hot by options volume’ market scanner today amid a more than 6.5% decline in shares to $38.29. Despite the current dip in price, investors seem to expect a brighter future, and were observed initiating bullish call spreads in the March 2010 contract. The March 40 strike price had 3,000 calls purchased for an average premium of 6.58 each, which were spread against the sale of 3,000 calls at the higher March 50 strike for 3.10 apiece. The net cost of positioning for a significant recovery in MBT amounts to 3.48. Investors stand to accumulate maximum profits of 6.52 per contract if shares can rally up to $50.00 by expiration. Shares will need to climb 14% from the current price in order for call-spreading traders to begin to amass profits at the breakeven price of $43.48. – Mobile TeleSystems OJSC

DISH – Shares of the subscription television services firm are currently lower by about 1.5% to $16.84. Investors fearful of further declines in the price of the underlying were seen getting long of put options in the September contract. Approximately 5,500 puts were purchased at the September 16 strike price for an average premium of 95 cents apiece. Profits will begin to amass to the downside in the event that shares fall
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Zero Hedge

Italy Just Forced Uber Eats, Three Other Companies, To Hire 60,000 Workers

Courtesy of ZeroHedge View original post here.

Could it be deja vu all over again?

The same ride sharing services that are constantly doing battle in the U.S. about whether or not they should be hiring their workers - a move that would cripple their cost structure and any hopes of future profitability for their respective businesses - are now fighting the same battles about their food delivery workers.

This time, the venue isn't California; it's Milan, where prosecutors said last week that four major food delivery companies had to offic...



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Phil's Favorites

Two by Two

 

Two by Two

Courtesy of Scott Galloway, No Mercy/No Malice@profgalloway

“The task is...not so much to see what no one has yet seen; but to think what nobody has yet thought, about that which everybody sees.” 

~ Erwin Schrödinger

Just as life is not about what happens to you, but about how you respond to what happens to you, insight is not a function of data, but of how you perceive the data. Plotting data in different ways is illuminating, even fun, and it can lead one t...



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Mapping The Market

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Biotech/COVID-19

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Digital Currencies

Crypto - It Is Different This Time

 

Crypto – It Is Different This Time

Courtesy of Howard Lindzon

?I have been astonished as you know by the growth of crypto.

I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.

Today Bitcoin is near $50,000.

Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.

After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.

That has continued each weekend...



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ValueWalk

There's A "Chip" Shortage: And TSM Holds All The Cards

By Mauldin Economics. Originally published at ValueWalk.

“You drove 1,000 miles just for this game?” Christmas 1988 was a stressful time for many American parents. Nintendo’s Super Mario Bros. 2 was the must-have toy that year. But copies of the hit videogame were as scarce as hen’s teeth.

Q4 2020 hedge fund letters, conferences and more

ABC News ran a 20/20 special on the shortage called “Nuts for Nintendo.” They chatted to one dad who drove 1,000 miles from Indiana to NYC in the hopes of grabbing a copy.

“I’ve tried 7 stores a day for 3 weeks and sti...



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Politics

What is fascism?

 

What is fascism?

A Donald Trump supporter wears a gas mask and holds a bust of him after he and hundreds of others stormed the Capitol building on Jan. 6, 2021. Roberto Schmidt/AFP via Getty Images

Courtesy of John Broich, Case Western Reserve University

Since before Donald Trump took office, historians have debated whether he is a fascist.

As a teacher of World War II history...



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Chart School

The Fastest Money

Courtesy of Read the Ticker

The fast money happens near the end of the long trend.

Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
 


 

Video on the subject.


 

Charts in the video



 



 



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



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Kimble Charting Solutions

Is Rising Inflation About To Hit U.S. Economy In Big Way?

Courtesy of Chris Kimble

Inflation seems to be a thing of the past… but current trading in bond and commodity markets tell us that it could become a thing of the future!

Inflation hasn’t been an issue, or even on our radar, since the 1980s. Sure, the 2007 surge in oil prices offered some concern but the financial crisis killed any thoughts of inflation.

So what’s got us concerned about inflation in 2021?

Today we take a look at long-term charts of two potential inflation indicators: Crude Oil ...



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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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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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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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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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