Posts Tagged ‘IYR’

News Corp Options Active After Earnings

 

Today’s tickers: NWSA, IYR & CTRP

NWSA - News Corporation – Trading traffic in News Corp call options in the early going on Thursday indicate some traders are positioning for the price of the underlying to continue marching to fresh record highs in the near term. The stock today increased as much as 6.8%, hitting a new all-time high of $34.04 after the global media company reported third-quarter net income that topped average analyst estimates. Traders looking for the up-trend to extend into next week snapped up front month calls, picking up around 200 calls at the May $34 strike at a premium of $0.25 each, and buying roughly 500 calls at the May $35 strike for an average premium of $0.15 per contract. Call buyers stand ready to profit at expiration next week should shares in News Corp rally another 3.8% and 6.5% over the current price of $33.00 to surpass average breakeven points at $34.25 and $35.15, respectively. Shares in News Corp, which plans to split into two companies, are up roughly 65% since this time last year.

IYR - iShares Dow Jones U.S. Real Estate Index ETF – Shares in the IYR, an ETF that provides exposure to U.S. real estate stocks and REITs, slipped 0.40% today to $73.90, after earlier this week trading up to a record high of $74.31 on the heels of a more than 15% rally since this time last year. The fund popped up on our ‘most active by options volume’ market scanner during the first half hour of the session following a large trade in the June expiry put options. It looks like one strategist purchased a block of 25,000 puts at the Jun $72 strike for a premium of $0.55 apiece. The trade makes money if shares in the IYR decline more than 3.0% from the current level to trade below the effective breakeven price of $71.45 by June expiration. The Jun $72 strike puts were active last week as well, with roughly 10,000 contracts purchased last Wednesday…
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Supervalu Slump Spurs Frenzied Action In Grocers’ Options

 

Today’s tickers: SVU, KR & IYR

SVU - Supervalu, Inc. – Investors lost their appetite for shares in the third-largest U.S. grocer today, sending the stock down 48% to $2.76 after the company suspended its dividend, reported first quarter earnings and sales that missed estimates and said it will explore alternatives for the business. Options activity on Supervalu exploded on the news, with volume exceeding 65,000 contracts versus the stock’s average daily options volume of 4,722 contracts. Puts are changing hands around 1.5 times for each call options in play so far today. Buyers of more than 8,000 puts at the July $3.0 strike for a premium of $0.30 apiece this morning may profit at expiration next week if shares continue to spiral down. Bearish positioning in the Oct. $2.0 strike put, where a block of 5,000 contracts were picked up at a premium of $0.30 each, suggests one strategist may profit if the stock loses another 40% of its value within the next few months to expiration. Contrarian players are also leaving footprints across SVU options today, with around 6,100 calls at the July $3.0 strike purchased at a premium of $0.21 each earlier in the trading session. Shares in Supervalu would need to rebound 16% off the low of $2.76 in order for call buyers to make money at expiration next week.

KR - Kroger Co. – Shares in Kroger are down in sympathy with Supervalu today, trading lower by 3.95% to stand at $21.91 as of 12:45 p.m. in New York. Options on SVU’s competitors in the supermarket space are far more active than usual today, including options on Kroger. Volume currently stands at 5,000 contracts versus average daily options volume of 429 contracts. Trading traffic in options set to expire in January of 2013 points to continued volatility in the grocer’s shares. It looks like one trader purchased around 1,300 calls at the Jan. 2013 $22 strike for a premium of…
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Put Player Near-Term Bullish On Pandora Post Earnings

Today’s tickers: P, IYR, TIF & BAC

P - Pandora Media Inc. – Demand for options covering Pandora, the online music company that went public in June, jumped after the company reported better-than-expected earnings of $0.02 a share for the second quarter. Pandora’s first earnings report since become a publicly traded company sent shares up as much as 11.5% to an intraday high of $13.90 as its top- and bottom-line results topped expectations. Despite the spike in the price of the underlying today, shares continue to trade at a substantial discount to its initial public offering price of $16.00. The positive earnings report spurred bulls to the options market, with notable volume building in September contract puts. It looks like one trader expecting Pandora’s shares to resist above $12.00 through expiration next month sold roughly 3,000 put options outright at the September $12 strike at a premium of $0.70 per contract. The put seller walks away with the full amount of premium at expiration as long as shares in Pandora exceed $12.00 and the options expire worthless. The short stance in Pandora puts suggests the trader may wind up having around 300,000 shares put to him at an effective price of $11.30 each at September expiration if the stock slips beneath $12.00 in the next three weeks. Options implied volatility on Pandora Media Inc. stand 29.2% lower post earnings at 82.54% this afternoon.

IYR - iShares Dow Jones US Real Estate Index Fund – A sizable put spread on the iShares Dow Jones U.S. Real Estate Index Fund yields maximum benefit to one bearish strategist if the price of the underlying drops substantially by the end of the year. Shares in the IYR, an exchange-traded fund that tracks the Dow Jones U.S. Real Estate Index, turned positive in the aftermath of…
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Income Virtual Portfolio – Cashing it in for an Early Retirement!

What a crazy couple of weeks.

Ka-ching is the word though as we did NOTHING – as planned back on the 18th, in our last update - as we expected the market to go down then up.  On Friday, we took our short puts off the table as we expect there is a better than average possibility that we go back down again between now and expirations (15th), so we took our short-term winners off the table.  The only move we did execute in the past two weeks, other than taking our virtual money and running, was the sale of 10 FCX July $47 puts for $1.21 ($1,120) on the 24th and those cashed out yesterday at .13, up $1,080 two weeks early so of course we take it off the table!  

Our other short July puts that were cashed out were:  

  • 20 short GLW Aug $20 calls at $1.30, out at .20 – up $2,200
  • 20 XLF July $15 puts sold for .50, out at .06 – up $880
  • 10 INTC July $22 puts sold for $1.05, out at .15 – up $900
  • 5 BA July $75 puts sold for $2.50, out at $1.40 – up $450
  • 5 DE July $77.50 puts sold for net .67, out at


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Income Virtual Portfolio – June Update – Wayyyyy Ahead! (Members Only)

Well, this is embarrassing…  

When we set up this virtual portfolio on April 9th, the idea was to create a virtual portfolio for people like my Mom, who just became a widow, and so many of her friends, who need a relatively safe place to invest their money but would rather not live off the 6% returns generated by the typical retirement fund.  Our primary goals in the virtual portfolio is A) Don't Lose Money, which is Warren Buffett's Rule #1 of investing and B) To generate a relatively steady monthly income of $4,000 against our $500,000 virtual portfolio (about 10% a year).  

Despite the fact that we have allocated less than 40% of our cash, we have accidentally made WAY too much money already and this is NOT the lesson we are trying to teach!  What happened is, this past couple of weeks, we had a really nice dip in the markets and our disaster hedges kicked in – as they are supposed to – but our other positions were already well-hedged and well positioned enough that they haven't really lost anything so we ended up far, far ahead of the curve.  While that's a good thing, obviously, the danger here is getting the wrong idea.  We got lucky – and one day we may get unlucky – so let's keep ourselves grounded and people who are just catching up need to keep in mind that this is not meant to be a get-rich quick virtual portfolio.  

If we made too much money on a dip – it's because we were OVER-hedged and that's something we will attempt NOT to do in the future.  To some extent, it's a discipline problem for me because I essentially BET that the market would go down and then I BET the market would go back up with our DIA adjustments (as well as overriding our original plan to stop out our new short puts with 30% losses).  There was a logic to it because we were only about 25% invested so we had plenty of cash to layer in bullish plays if the market did go up and they we would have rolled our protective shorts (which would have been losing) up to cover.  Instead, the shorts paid off and we didn't have enough…
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Stampede of Bulls into Goldcorp Calls as Shares Hit Two-Year Highs

Today’s tickers: GG, LINE, IYR & YHOO

GG - Goldcorp, Inc. – Shares of the gold mining company are trading up at their highest in more than 2 years, and a number of options traders are betting Goldcorp’s shares have more room to run in the near term. Call options on GG are in high demand, with more than 3.1 calls changing hands on the stock for each single put option in action today. Shares in the name are currently up 3.5% at an intraday- and new 2-year high of $49.50. Investors expecting the price of the underlying to continue to move higher picked up more than 1,750 calls at the March $50 strike for an average premium of $0.84 apiece. Traders exchanged more than 6,600 calls up at the March $52.5 strike versus previously existing open interest of just 537 contracts. The majority of the calls, or roughly 4,500 contracts, were purchased at the March $52.5 strike for an average premium of $0.29 a-pop. Call buyers at this strike start making money if shares in Goldcorp rally another 6.6% over today’s high of $49.50 to surpass the average breakeven point at $52.79 by March expiration. Options implied volatility on the gold mining company increased 8.0% to 30.88% by 12:45pm.

LINE - Linn Energy LLC – The oil and natural gas company popped up on our scanners this morning due to options activity in the July contract. The spread appears to be the work of an investor positioning for shares to hit a new 52-week high ahead of expiration. Shares in Linn Energy LLC are down slightly by 0.33% to stand at $38.70 in early afternoon trade. It looks like the strategist responsible for the transaction sold 2,000 puts at the July $36 strike for a premium of $1.15 per contract…
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World of Worry Wednesday – The China Syndrome

Strap in kids, it's going to be a bumpy ride!  

Nomura Holdings joined Goldman Sachs in advising investors to cash out of China and that sent the Hang Seng down 478 points for the day (2%) along with another 2% loss on the Shanghai.  “The likelihood of a re-introduction of price controls on food is growing,” Nomura's Sean Darby said in a report today. “The recent run-up in agriculture prices worldwide and signs of hoarding appear to have pushed the authorities to reconsider draconian measures.”  Premier Wen Jiabao confirmed on state television that the cabinet is drafting measures to counter overly rapid price gains.  “Command style economic principles generally mean much lower multiples over time on the sector and stocks,” said Darby.

The US has it's own "command style" economy with B-B-B-Bennie and the Fed commanding our inflation to go higher while China is trying to get their 4.4% inflation under control.  The joke is, like Sidney Poitier and and Tony Curtis, our economies are shackled together through the Yuan peg as well as our codependent trading relationship.  That has the World's #1 (falling) and #2 (rising) economies engaged in a Global tug of war that threatens to tear the rest of the World to pieces and it's just getting worse every day.    

ith the US pushing top-down QE2 inflation and China's Premier calling for consumer price controls on food (and soon fuel too as a severe winter is forecast for China) it's not surprising that Carlsberg's Chongquing Brewery Company fell limit down (10%) on the Shanghai this morning along with several other food and beverage distributors.  Copper, sugar and rubber also went limit-down in China with copper dropping all the way to $3.60 (down 10% in a week) into China's close at 3am.  

Meanwhile Bernanke is like the Sorcerer's Apprentice: Given the magic hat – he commands his broom army to fetch buckets of dollars to inflate the economy the easy way but his lazy solution quickly turns into disaster as the waters start rising and he finds he has no way to stem the rising tide of inflation.  Already, the rest of the world is drowning and not many have China's ability to bail themselves out.  This is not likely to end well…

Europe (who are caught in…
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Enormous Prints in Put Options on Tech. Select Sector SPDR Fund

Today’s tickers: XLK, ENR, IYR, ALTR, AVP, JCP & TQNT

XLK - Technology Select Sector SPDR Fund – One big options market participant traded a total of 524,600 put options on the technology SPDR ETF this afternoon. It looks like the party responsible for the massive transactions rolled a previously established debit put spread in the December contract forward to the longer-dated March 2011 contract. Shares of the XLK, an exchange-traded fund that mirrors the performance of the Technology Select Sector of the S&P 500 Index, are down slightly by 0.20% to stand at $24.19 as of 2:15 pm in New York. The XLK jumped to the top of our ‘most active by options volume’ scanner after the 112,300-lot December $23/$20 put spread was sold for a net $0.31 per contract. This spread appears to have been initially purchased for a net premium of $0.68 each back on October 7, 2010, when the price of the underlying fund was trading around $23.14. Today, the XLK-options player sold the massive spread in order to purchase an even larger one at the same strike prices in the March 2011 contract. The new put position involved the purchase of 150,000 lots at the March 2011 $23 strike for a premium of $0.96 each, and the sale of the same number of puts at the lower March $2011 $20 strike at a premium of $0.31 apiece. In isolation, the net cost of buying the longer-dated put spread amounts to $0.65 per contract and yields downside protection for the investor should shares of the XLK trade below the breakeven price of $22.35 by March expiration. Enormous trades such as these tend to be tied to stock. Perhaps this trader is augmenting the size of the put spread because he has increased his exposure to the technology sector. Around the same time the puts were bring traded, some 733,000 shares of the underlying were purchased for $24.12 each. We note, however, that at this time there is no way…
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Strangle Strategist Sees Range-Bound Shares at The Cheesecake Factory

Today’s tickers: CAKE, LVS, IYR, TEVA, EEM, S, CREE & EXPE

CAKE – The Cheesecake Factory, Inc. – One premium-hungry options strategist sold a strangle on the full-service dining restaurants operator this afternoon in the expectation that its shares are set to trade within a narrow range through October expiration. Cheesecake Factory’s shares fell 1.45% late in the session to trade at $25.38 by 3:35 pm ET. The investor sold 3,000 puts at the October $25 strike for premium of $1.05 apiece and sold 3,000 calls at the October $26 strike at a premium of $1.05 each in order to pocket gross premium of $2.10 per contract. Full retention of the premium received today occurs as long as shares of the underlying stock trade between $25.00 and $26.00 through October expiration. Wayward shifts in the price of CAKE’s shares could give this strangle-player a severe stomachache as losses start to build should shares rally above the upper breakeven price of $28.10, or if shares dip under the lower breakeven point at $22.90, ahead of expiration day in October.

LVS – Las Vegas Sands Corp. – Shares in casino resort operator Las Vegas Sands commenced the session in the red but rallied in afternoon trading to stand 1.05% higher on the day at $31.32 as of 3:45 pm ET. Earlier in the day shares increased as much as 1.5% to secure a new 52-week high of $31.46. One long-term bullish investor hoping to see continued appreciation in the price of the underlying stock established a covered call in the March 2011 contract. The trader sold 10,000 calls at the March 2011 $40 strike for premium of $1.73 per contract. The transaction had a delta of .30 and was tied to the purchase of LVS shares at $31.20 each. Premium received on the sale of the calls effectively reduces the price paid by the investor to get long the stock. The bullish player is poised to accumulate maximum potential gains of 35.7% on the run up in LVS shares from an effective purchase price of $29.47 to $40.00 if the calls land in-the-money at expiration and the underlying position is called away from the trader at that time.

IYR – iShares Dow Jones U.S. Real Estate Index ETF – The construction of a debit put spread on the IYR, an exchange-traded fund that corresponds to the Dow Jones U.S. Real Estate Index…
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Three-Legged Bearish Tactician Targets iShares Dow Jones U.S. Real Estate Index ETF

Today’s tickers: IYR, NSM, IGT, GFRE, LNC, BHI, ONNN & HPQ

IYR – iShares Dow Jones U.S. Real Estate Index ETF – A three-legged bearish options combination play on the IYR, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Dow Jones U.S. Real Estate Index – an index created to measure the performance of the real estate sector of the U.S. equity market, indicates one big player is bracing for a pullback in shares of the ETF through the end of 2010. Shares of the fund went the way of the market this afternoon and rallied 1.05% to $50.71 with less than one hour remaining in the trading week. The investor sold roughly 10,000 calls at the December $55 strike at an average premium of $1.35 each, purchased about 10,000 puts at the December $50 strike for an average premium of $3.65 apiece, and shed 10,000 puts at the lower December $43 strike at an average premium of $1.43 a-pop. The net cost of the pessimistic play is reduced to $0.87 per contract. The transaction could be a hedge to protect the value of a large position in IYR shares. But, if the spread represents an outright bearish bet on the ETF, the investor is poised to profit should shares dip below the average breakeven price of $49.13 by December expiration. Maximum available profits in this scenario amount to $6.13 per contract if the fund’s shares plummet 15.2% from the current price to trade below $43.00 by expiration day.

NSM – National Semiconductor Corp. – Shares in semiconductor manufacturer, National Semiconductor Corp., earlier slipped 2.05% to touch a new 52-week low of $12.41, but the stock came roaring back to life in afternoon trading, rallying as much as 3.2% to an intraday high of $13.08. The significant shifts in the price of the underlying shares inspired investors to purchase both call and put options on the stock today. Options traders may also be gravitating toward NSM options ahead of the firm’s first-quarter earnings report scheduled for September 9, 2010. Investors heartened by the turn-around in shares purchased approximately 5,800 calls at the November $13 strike for an average premium of $0.85 apiece. Call buyers make money if National Semiconductor’s shares rally another 5.9% over today’s high of $13.08 to trade above the average breakeven price of $13.85 by expiration…
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Zero Hedge

Markets Jittery As "Risk Factors Return To The Fore": Futures Flat, 10Y Hugs 3%

Courtesy of ZeroHedge. View original post here.

US equity futures are flat, following a drop in Asian shares and modest rise in European equities as markets digested the late Wednesday news that Trump's administration started a Section 232 trade probe that may lead to new U.S. tariffs of as much as 25% on new imported vehicles, restarting global trade wars and weighing on Japanese and European automakers.

Trump’s push for tariffs drew pointed responses from Japan an...



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Digital Currencies

How the US Government Could Effectively Use Crypto

The US government could start, or officially endorse an existing crytpo coin. What they would do is build a fee into the software protocol that went to a single address that they control. This is effectively a tax. The fee could be a transaction fee, a percentage of the next block award, or a combination of both. How this works is every single transaction that occurs everywhere wihtin the system, the fee scalped goes directly to this single address that is owned by the IRS, in this case, the "New-IRS." Forget postcards. We're down to a single dude in one office chair in front of one computer. Imagine that being the IRS, because that's where this is going. The consequences of this mechanism are dramatic. First off the IRS is now one guy. Granted, this guy controls the private key for the most valuable thing in the world. This key would be the single most important key right up there with the nuclear launch code, but the system would most definitely still work. More strikingly, the US...

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Phil's Favorites

New Animal Spirits: What it takes to be wealthy

 

New Animal Spirits: What it takes to be wealthy

Courtesy of 

Michael and Ben’s new episode of Animal Spirits is out today, and it’s awesome as usual. If this isn’t part of your weekly routine yet, I don’t even know what to tell you at this point. No one is covering more interesting topics and blowing up like this podcast is.

This week’s topics:

  • Are Jack Bogle and Vanguard actually underrated?
  • Why closet indexing will never die.
  • Why money is flowing out of growth funds even though they’ve outperformed. ...


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Insider Scoop

Benzinga's Daily Biotech Pulse: Insmed Presents Data, Pfenex Pulls Back On Offering, Oncolytics Listing

Courtesy of Benzinga.

Related IBB Benzinga's Daily Biotech Pulse: Melinta, Ardelyx Pull Back On Offerings, Insys Awaits FDA Verdict ...

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Chart School

Wide Market Cycle Review

Courtesy of Read the Ticker.

Lets review some big market cycles, to see where cycle pressure is building or peaking.

Cycles are like long term trend lines and are great for the long term view, of course price action leads (Wyckoff Logic) before cycles.

Lets go ...

US 10 yr: Trending higher to 4% ... Ouch. Inflation moving from Wall Street to Main Street.

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The EURO looks to bottom (USD topping).

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SSEC looks forward to another pump up to save the SP...

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Biotech

Could this be the year for a Canadian Breakthrough Prize in Life Sciences?

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

 

Could this be the year for a Canadian Breakthrough Prize in Life Sciences?

Courtesy of John Bergeron, McGill University

In 2013, Kyoto University’s Shinya Yamanaka was awarded one of the first Breakthrough Prizes in Life Sciences for his discovery of “induced” stem cells that enabled researchers to convert adult cells back into stem cells.

The Breakthrough Prize is not to be sneezed at. Founded in 2013, the prize “honours transformative advances toward understanding living systems and extending human life.” It’s also the most financially attractive aw...



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ValueWalk

Buffett At His Best

By csinvesting. Originally published at ValueWalk.

Bear with me as I share a bit of my history that helped me create SkyVu and the Battle Bears games. The University of Nebraska gave me my first job after college. I mostly pushed TV carts around, edited videos for professors or the occasional speaker event. One day, Warren Buffet came to campus to speak to the College of Business. I didn’t think much of this speech at the time but I saved it for some reason. 15 years later, as a founder of my own company, I watch and listen to this particular speech every year to remind myself of the fundamentals and values Mr. Buffett looks for. He’s addressing business students at his alma mater, so I think his style here is a bit more ‘close to home’ than in his other speeches. Hopefully many of you find great value in this video like I have. Sorry for the VHS...



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Kimble Charting Solutions

The Stock Bull Market Stops Here!

 

The Stock Bull Market Stops Here!

Courtesy of Kimble Charting

 

The definition of a bull market or bull trends widely vary. One of the more common criteria for bull markets is determined by the asset being above or below its 200 day moving average.

In my humble opinion, each index above remains in a bull trend, as triple support (200-day moving averages, 2-year rising support lines, and February lows) are still in play ...



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Members' Corner

Cambridge Analytica and the 2016 Election: What you need to know (updated)

 

"If you want to fundamentally reshape society, you first have to break it." ~ Christopher Wylie

[Interview: Cambridge Analytica whistleblower: 'We spent $1m harvesting millions of Facebook profiles' – video]

"You’ve probably heard by now that Cambridge Analytica, which is backed by the borderline-psychotic Mercer family and was formerly chaired by Steve Bannon, had a decisive role in manipulating voters on a one-by-one basis – using their own personal data to push them toward voting ...



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Mapping The Market

The tricks propagandists use to beat science

Via Jean-Luc

How propagandist beat science – they did it for the tobacco industry and now it's in favor of the energy companies:

The tricks propagandists use to beat science

The original tobacco strategy involved several lines of attack. One of these was to fund research that supported the industry and then publish only the results that fit the required narrative. “For instance, in 1954 the TIRC distributed a pamphlet entitled ‘A Scientific Perspective on the Cigarette Controversy’ to nearly 200,000 doctors, journalists, and policy-makers, in which they emphasized favorable research and questioned results supporting the contrary view,” say Weatherall and co, who call this approach biased production.

A second approach promoted independent research that happened to support ...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

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[For more information on NewsWare, click here. For a list of prices: NewsWar...



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All About Trends

Mid-Day Update

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

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

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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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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.

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