Posts Tagged ‘MCHP’

Calls Covering Urban Outfitters On Trend With Options Strategists

Today’s tickers: URBN, DB, HPQ & MCHP

URBN - Urban Outfitters, Inc. – Apparel and accessories retailer Urban Outfitters popped up on our ‘hot by options volume’ market scanner due to heavy trading traffic in near-term calls. Shares in the battered stock gained 4.3% in early-afternoon trade to stand at $24.56 by 12:10 pm EDT. The price of the underlying was pummeled in 2011, nearly halving from a 52-week high of $39.26 in March down to a two-year low of $21.47 on October 4. Shares are up 14.0% off their October low, and call buyers in the October contract stand to reap the benefits of potential bullish movement in the price of the underlying during the seven trading sessions that remain to expiration. Retail sales figures due out at the end of this week may help of hinder URBN’s recovery.

Trading traffic in Urban call options is heaviest at the Oct. $26 strike call, where more than 3,100 contracts changed hands against previously existing open interest of 1,359 positions. It looks like most of the calls were purchased by one investor for an average premium of $0.15 a-pop. The trader profits at expiration in the event that UBRN’s shares surge 6.5% over the current price of $24.56 to surpass the average breakeven point on the upside at $26.15. Shares in the apparel retailer last traded above $26.15 at the beginning of September.

DB - Deutsche Bank AG – Shares in Deutsche Bank joined those of European and American banks in rallying strongly on optimism Slovakian lawmakers will ultimately ratify the rescue fund plan. DB’s shares are up…
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Financials continue to rally

Today’s tickers: CIT, CSCO, AMX, STI, XTO, NTES & MCHP

CIT CIT Group, Inc. – Shares of the North American bank holding company has jumped more than 10% to $3.01 amid the broad gains enjoyed by the financial sector today. CIT appeared on our ‘most active by options volume’ market scanner after one investor initiated a reversal on the stock. The trader sold 21,200 calls at the in-the-money October 2.5 strike price for 1.15 and then purchased 21,200 puts at the same strike price for 40 cents each. Perhaps the investor is looking to bank gains on today’s rally and protect the profits by getting long of puts. The trade resulted in a credit of 75 cents to the individual who is prepared to gain to the downside at any share price below $2.50 by expiration in October.

CSCO Cisco Systems, Inc. – The networking and communications products company is off slightly by about 2% to $19.26. However, we observed bullish option traders looking for a rise in shares by expiration this month. At the May 20 strike price more than 18,900 calls were picked up for an average premium of 40 cents apiece. The breakeven on the trade at $20.40 requires that shares rise by just 6% from the current price in order for call-buyers to begin to profit to the upside by expiration. One month further, the in-the-money June 19 strike price attracted a trader to bank gains by selling 8,200 calls for a premium of 1.24. Perhaps this individual decided to throw in the towel and take in profits today for fear that shares may fall further over the next month and a half and erode the call premium even more.

AMX America Movil SAB de CV ADR – The Mexican local and long-distance telephone services company has experienced a slight 1.5% rally in shares to stand at $36.88 today. We observed option traders loading up on puts in the May, June, and August contracts. The activity drove up the put-to-call ratio to more than 6-to-1 indicating that 6 puts were traded to each call option in action. At the near-term May 34 strike price some 4,500 puts were purchased for an average premium of 28 cents apiece. Further along in the June contract, bearish traders coveted 2,500 puts at the 35 strike for 1.50 each. Finally, the largest purchase was a chunk of 20,000 puts…
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Kimble Charting Solutions

Crude Oil About To Drop 50% And Take Stocks With It? (Updated)

Courtesy of Chris Kimble

Crude Oil created its second top back in October of 2018 at (1) and then it proceeded to decline nearly 50%!

What did the S&P do while Crude declined 50%, it fell nearly 20% in less than 90-days!

The above chart was shared on 1//8/2000, suggesting that Crude Oil looked to be creating a “Double Top” at (3) and stocks should get hit hard again!

Below is an update of the Crude Oil Chart from above-

...



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Insider Scoop

A Peek Into The Markets: US Stock Futures Plunge Amid Coronavirus Fears

Courtesy of Benzinga

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. South Korea confirmed 256 new coronavirus cases on Thursday, while China reported an additional 327 new cases. Data on U.S. international trade in goods for January, wholesale inventories for January and consumer spending for January will be released at 8:30 a.m. ET. The Chicago PMI for February is scheduled for release at 9:45 a.m. ET, while the University of Michigan's consumer sentime...



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Zero Hedge

Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero

Courtesy of ZeroHedge View original post here.

In the early days, when virtually nobody paid attention to the coronavirus pandemic which China was doing everything in its power to cover up, markets were not only predictably ignoring the potential global plague - after all central banks can always print more money, or is that antibodies - but until last week, were hitting all time highs. All that changed when it became apparent that for all its data manipulation, China was simply unable to reboot its economy as hundreds of millions of workers refused to believe the government had the viral plague under control, starting...



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Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 02-26-2020

 

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

Major Topics:

00:02:13 - Indices | S&P 500
00:10:09 - COVID-19 & The Market
00:12:30 - John Hopkins Virus Chart
00:17:00 - DJIA
00:18:22 - INQ | Futures
00:19:23 - STP
00:20:06 - LTP
00:24:46 - GOLD
00:25:45 - Money Talk Portfolio | Butterfly Portfolio
00:27:20 - IMAX
00:30:01 - Checking on the Markets
00:30:54 - Money Talk Portfolio
00:31:00 - Butterfly Portfolio
00:31:08 - Future is Now Portfolio
00:31:12 - Dividend Portfolio...



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Biotech & Health

Could coronavirus really trigger a recession?

 

Could coronavirus really trigger a recession?

Coronavirus seems to be on a collision course with the US economy and its 12-year bull market. AP Photo/Ng Han Guan

Courtesy of Michael Walden, North Carolina State University

Fears are growing that the new coronavirus will infect the U.S. economy.

A major U.S. stock market index posted its biggest two-day drop on record, erasing all the gains from the previous two months; ...



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The Technical Traders

SPY Breaks Below Fibonacci Bearish Trigger Level

Courtesy of Technical Traders

Our research team wanted to share this chart with our friends and followers.  This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system.  We believe this downside move will target the $251 level on the SPY over the next few weeks and months.

Some recent headline articles worth reading:

On January 23, 2020, we ...



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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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Chart School

Oil cycle leads the stock cycle

Courtesy of Read the Ticker

Sure correlation is not causation, but this chart should be known by you.

We all know the world economy was waiting for a pin to prick the 'everything bubble', but no one had any idea of what the pin would look like.

Hence this is why the story of the black swan is so relevant.






There is massive debt behind the record high stock markets, there so much debt the political will required to allow central banks to print trillions to cover losses will likely effect elections. The point is printing money to cover billions is unlikely to upset anyone, however printing trillions will. In 2007 it was billions, in 202X it ...

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Members' Corner

Threats to democracy: oligarchy, feudalism, dictatorship

 

Threats to democracy: oligarchy, feudalism, dictatorship

Courtesy of David Brin, Contrary Brin Blog 

Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...



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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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ValueWalk

What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

According to ...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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