Juniper Networks Calls Look For Shares To Rebound
by Option Review - November 14th, 2013 4:05 pm
JNPR – Juniper Networks, Inc. – Juniper Networks shares are in negative territory today, sliding in sympathy with Cisco Systems Inc., after the world’s largest maker of computer networking equipment reported lower than expected first-quarter sales and forecast an 8-10% decline in revenue in the current quarter from the year ago quarter. Juniper’s shares fell nearly 4.0% to $18.55 during morning trading, while shares in Cisco dropped as much as 13.5% to $20.77, the lowest level since May. Shares in JNPR have since rallied off session lows, but continue to trade down 2.2% on the day at $18.86 as of 11:15 a.m. EST.
Trades initiated in December expiry call options straight out of the gate this morning indicates at least one strategist is positioning for the price of Juniper’s shares to rebound somewhat by year end. More than 1,500 in-the-money calls traded at the Dec $18 strike within the first two minutes of the opening bell, with most of the contracts purchased at a premium of $1.15 each. The calls may be profitable at expiration next month if shares in Juniper Networks rally more than 1.5% over the current price of $18.86 to exceed the average breakeven point at $19.15.
The intraday rebound in JNPR shares since the start of trading this morning has lifted the asking price of the $18 strike calls, with premium on the contracts up approximately 15% since this morning at $1.33 each just before 11:30 a.m. EST.
EGLE – Eagle Bulk Shipping, Inc. – Shares in Eagle Bulk Shipping fell to their lowest level since August 20th on Thursday morning, after the company…
$25,000 Virtual Portfolio – Week 21 – Goaaaaaaaaaaaaaal!!!
by phil - July 2nd, 2011 6:39 am
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…
PSW Wrap-Up Show for the Week
by phil - February 12th, 2011 12:57 pm
We have a new episode of The Wrap-Up Show.
This time, it’s a quick review of the week’s activity:
Also, as we have a ton of Government Data that will be driving the markets next week, let’s review "How the US Government Manipulates Inflation Data" – just so we remember not to take it all too seriously.