Posts Tagged ‘KKR’

Upside Call Buyers Enjoy Gains As Shares In Ciena Corp. Rise

Options brief will resume April 12, 2013.

Today’s tickers: CIEN, TITN & KKR

CIEN - Ciena Corp. – Shares in networking products and services provider, Ciena Corp., jumped 8.0% on Wednesday morning to and intraday high of $16.81, rising in sympathy with ADTRAN after that company reported better-than-expected first-quarter earnings and revenue after the closing bell on Tuesday. Some options traders are benefitting handsomely from the pop in Ciena’s shares today, having purchased upside calls on the stock yesterday. The largest increase in call open interest on CIEN since the prior session was in the April $16 strike calls. Time and sales data indicates some 5,000 of the $16 calls were purchased yesterday for an average premium of $0.21 apiece. The sharp rally in the price of the underlying today has more than tripled the value of the $16 calls overnight, with the contracts currently changing hands at $0.72 each as of midday in New York. Meanwhile, traders initiating bullish bets on Ciena Corp. today looked to the April $18 strike, buying up around 3,000 call options for an average premium of $0.09 per contract. Buyers of the $18 calls stand ready to profit at expiration should shares in the name rally another 8.0% to top the average breakeven point at $18.09 by expiration next week. Bulls also snapped up more than 1,200 calls at the May $18 strike this morning at an average premium of $0.35 each.

TITN - Titan Machinery, Inc. – Bearish options purchased on Titan Machinery yesterday ahead of the backhoe manufacturer’s fourth-quarter earnings report are generating sizable overnight paper profits for some traders today, with shares in the name plunging to the lowest level since November of 2012. TITN shares are currently down 16% on the session at $21.95 as of 12:15 p.m. ET. It looks traders picked up around 1,600 puts at the April $25 strike on Tuesday, the nearest to-the-money strike price available with shares in Titan Machinery closing the session at around $26.14. Put buyers paid $0.90 in premium per contract…
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Options Suggest Carnival Corp. Rally Is Running On Empty

Today’s tickers: CCL, ELX, OVTI & KKR

CCL - Carnival Corp. – Shares in the provider of cruise vacations are up 3.0% at $30.30 in early-afternoon trade, but options activity on the stock indicates the rally may lose steam. Investors appear to be selling in- and out-of-the-money calls on the cruise operator today perhaps on the expectation that today’s stock market rally represents but a brief respite from painful market pullbacks on the horizon. Abundant signs the market is slowing coupled with potential debt disasters overseas could dampen consumers’ willingness to spend hard-earned money on a non-essential cruise vacation. Shares in Carnival currently hover just above Wednesday’s fresh 52-week low of $29.35. Traders expecting Carnival’s shares to sink below $30.00 by expiration next month sold some 8,500 calls at the September $30 strike to pocket an average premium of $1.80 per contract. Call sellers keep the full amount of premium received as long as CCL’s shares fail to exceed $30.00 at expiration day. Premium received on the sale acts as a buffer against potentially uncapped losses to the upside, but protection gives way in the event that shares exceed the effective breakeven price of $31.80. Call selling spread to the higher September $32 strike where some 200 lots sold for an average premium of $0.92 a-pop. Reminders of the strong headwinds to growth going forward would likely once again spur investors to abandon ship on consumer discretionary names such as Carnival. The call options sold today expire several days ahead of CCL’s third-quarter earnings report on September 20.

ELX - Emulex Corp. – Shares in the provider of networking convergence solutions and equipment rose 1.6% this afternoon to $6.92, led higher by the broad market rally in U.S. stocks and Cisco’s better-than-expected fourth-quarter earnings report. Emulex is slated to post its…
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Phil's Favorites

How palm oil became the world's most hated, most used fat source

 

How palm oil became the world’s most hated, most used fat source

Oil palm fruit in North Aceh, Indonesia. Fachrul Reza / Barcroft Media via Getty Images

Courtesy of Jonathan E. Robins, Michigan Technological University

Palm oil is everywhere today: in food, soap, lipstick, even newspaper ink. It’s been called the world’s most hated crop because of its association with de...



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Biotech/COVID-19

The FDA's weak drug manufacturing oversight is a potentially deadly problem

 

The FDA’s weak drug manufacturing oversight is a potentially deadly problem

Though drug recalls are relatively uncommon in the U.S., reduced inspections increase the likelihood of manufacturing errors that slip through the cracks. AP Photo/Rafiq Maqbool

Courtesy of Adrian V. Hernandez, University of Connecticut and C. Michael White, University of Connecticut

The ...



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Zero Hedge

Buzzfeed Is Finally Going Public In SPAC Merger Valued At $1.5 Billion

Courtesy of ZeroHedge View original post here.

Update (1100ET): At long last, Buzzfeed is finally going public, a crowning career accomplishment for founder and CEO Jonah Peretti.

As we reported earlier, Peretti confirmed on Thursday morning that Buzzfeed had agreed to merge with the obscure 890 5th Avenue Partners (yes, it's named after the fictional headquarters of the Avengers), which raised $250 million in an IPO earlier this year.

The SPAC is led by CEO Emiliano Calemzuk and executive chairman Adam Rothstein, and counts NBCUniversal ad sale chief Linda YAccarino, former Buzzfeed President Greg Coleman, Time W...



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Digital Currencies

Will Bitcoin Crash the Stock Market?

 

Will Bitcoin Crash the Stock Market?

Courtesy of 

When the S&P 500 fell in March last year, it brought Bitcoin down with it. So if stocks can bring down Bitcoin, it’s reasonable to ask if Bitcoin can bring down stocks.*

If you thought the Bitcoin run-up to 60k was emblematic of investor** euphoria, then you probably wondered what would happen if it were to come crashing down. Would that take other high-flying areas of the market down with it?

It might be premature, but as of now, the answer is no.

...



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Chart School

RTT Plus Bulletin

Courtesy of Read the Ticker

RTT Plus private blog answer these questions over the last two weeks.

Ending: 2021-06-19

- Metal stocks very bullish after gold smash
- FED taper talk vs Basel 3
- Dollar devaluatioin before end of 2021
- COVID, Vaccine insight (off topic)
- The next play for the deep sate (off topic)
- The debt loaded USA can not break these economic stats


RTT Plus membership required to review.

RTT Plus members can include chart building services if you wish. If you you do not want chart building services select 'RTT Plus' only during the membership sign up process.

Sign up now!






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Politics

The Ukraine Fallacies (with Victor Rud)

 

The Ukraine Fallacies (with Victor Rud)

Americans are confused about the history of Ukraine. That's just how Russia wants it.

Courtesy of Greg Olear, at PREVAIL

Greg is the author of Dirty Rubles: An Introduction to Trump/Russia 

...

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Promotions

Live Webinar with Phil on Option Strategies

 

June is TD Bank's Option Education Month, and today (Thursday, June 10) at 1 pm EST, Phil will speak with host Bryan Rogers about selling options and various option strategies that we use here at Phil's Stock World. Don't miss this event!

Click here to register for TD's live webinar with Phil.

 

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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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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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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