Posts Tagged ‘MPEL’

Call Options Active On Melco Crown Entertainment

Today’s tickers: MPEL, MTOR & RATE

MPEL - Melco Crown Entertainment Ltd. – Shares in casino resort operator, Melco Crown Entertainment, are on the rise today, up as much as much as 4.0% during morning trading to a one-month high of $24.79 after the stock was upgraded to ‘Buy’ from ‘Neutral’ at UBS. Trades initiated in MPEL options straight out of the gate this morning indicate one or more strategists are positioning for the price of the underlying to continue higher this week. The most actively traded contracts by volume on the stock today are the Aug 02 ’13 $24 strike calls, with volume in excess of 1,600 lots versus open interest of 201 contracts. Time and sales suggests most of the calls were purchased within seconds of the opening bell for an average premium of $0.37 apiece. The amount of premium required to purchase the $24 strike calls has more than doubled since the start of the session, with the last traded price on the contracts at $0.90 apiece as of 11:45 a.m. ET. The weekly calls expire prior to Melco Crown Entertainment’s second-quarter earnings report scheduled for next Wednesday. Shares in MPEL are up more than 140% since this time last year.

MTOR - Meritor, Inc. – Heavy put trading on truck parts maker, Meritor, Inc., on Tuesday suggests at least one options player is bracing for shares in the name to potentially drop sharply after the company’s third-quarter earnings report ahead of the open tomorrow. Shares in Meritor are up 1.5% on the session at $7.51 as of midday in New York. Bursts of activity in the August and September expiry puts just before 10:45 a.m. ET pushed overall volume in MTOR options up above 5,800 contracts today, a substantial jump in volume as compared to the stock’s average…
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Yahoo! Calls Active On Reports Deal With Alibaba Is Near

 

Today’s tickers: YHOO, MPEL & AIG

YHOO - Yahoo!, Inc. – Shares in the Internet media company rallied as much as 2.6% this morning to $15.55 after AllThingsD, citing sources familiar with the situation, reported Yahoo will sell half of its stake in Chinese Internet company, Alibaba, next week. Alibaba is reportedly expected to pay $7.6 billion to buy back 20% of the company in the deal, leaving Yahoo with a 20% stake in the company. Options traders positioning for shares in Yahoo to extend gains ahead of the weekend purchased weekly call options in the first hour of the trading session on Wednesday. It looks like bullish players snapped up around 1,400 of the Sep 14 ’12 $15 strike calls for an average premium of $0.46 apiece. In-the-money call buyers stand ready to profit should Yahoo’s shares settle above the average breakeven price of $15.46 at expiration. Overall options volume on Yahoo is approaching 60,000 contracts at present; calls are far more active than puts, with the call-to-put ratio exceeding 4.0 as of 11:25 a.m. in New York.

MPEL - Melco Crown Entertainment Ltd. – A call spread initiated on casino operator, Melco Crown Entertainment, this morning suggests one options strategist is positioning for shares in the name to rally into 2013. Melco and other casino stocks with operations in Macau are extending gains today one week after the gambling hub reported a 5.5% increase in August revenues, the second-highest monthly reading ever for Macau’s casino industry. Shares in Melco, which have posted double-digit percentage gains since last week, gained 1.9% this morning to stand at $12.83 as of 11:45 a.m. ET. It looks like one trader purchased a 1,000-lot Jan. 2013 $11/$15 call spread at a net premium of $2.00 per contract. The bullish strategy makes money if shares in the casino operator rally above the effective breakeven price of $13.00, and generates maximum potential profits of $2.00 per contract in the event…
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Weekly Wrap-Up – The Return of Fundamentals?

Fundamentals don't matter, until they do – then they matter a lot

We had a fantastic week because we stuck to the fundamentals and stayed short – even though it was a very painful path to follow.  In last week's wrap-up, facing the never-ending market climb on low volume I had said "I am trying to get bullish, really I am," and I was trying to find bullish plays for members - but we still ended up bearish for the week with a lot of bearish plays being added and thank goodness as it gave us a fantastic week this week!

Just following the plays I mentioned in last week's wrap-up would have been great as we had SKF bullish at $21 (now $26), DIA bearish at $98 (now $96.74), FAZ bullish at $16 (now $22.12), OIH bearish at $120 (now $114.75), SRS bullish at $8.50 (now $9.93) – and those were just from Thursday and Friday, last week was very active and very successful.  I had been quoting Samuel Jackson to highlight my difficulty joining the bullish analysts and I closed last week's comments by saying:  "It really is hard to be the shepherd in this market as I see wolves everywhere, waiting to pounce on the flock as the mainstream media leads them off to slaughter.  Or maybe (hopefully) I’m just being paranoid and everything’s fine…"   

Monday I led off the week with my concerns about the spread of the flu, as the season is upon us.  That gave us 4 bullish (but hedged) plays on SVA, BCRX and CAH (2), none of which are performing so far so all of which are still good entries, especially CAH who got whacked by a DB downgrade on Thursday yet paid back $1Bn in debt on Friday and still look very good long-term.  

I had an early look at the G20s "Framework for Sustainable and Balanced Growth," and our conclusion was that, although a good plan, it sure wasn't something the markets should be all pumped up about as stability was not going to grow us into the bullish valuations that our stocks had already risen to.  I warned members that the media was misinterpreting/misrepresenting this report saying: "You can bet though, that "THEY" are acting on this information and they will be SELLSELLSELLING, as they did on Friday
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Which Way Wednesday – Fed Edition

Financial RoadmapWe're just waiting on the Fed today, as are the rest of the markets.

Yesterday's volume was the lowest since Sept 11th but not as low as Monday, which was our lowest volume since the end of June, just before we had a 5% correction.  June 26th and 29th were our last two consecutive ultra-low volume days but June 30th was much bigger (a down 100 day), July 1st was up again on low volume and then July 2nd was another big down day and we bottomed out on July 10th.  That was the time that the media was telling us we were forming a "classic" head and shoulders pattern and were doomed to revisit the March lows.  It was also the last time we enthusiastically bought stocks

At the time of that weekly review (7/11), we had CAL at $10 (now $16.82), CBS at $5.97 (now $12.58), COST at $43.45 (now $58.58), CVX – who we just shorted – at $58.20 (now $72.60), DIS at $22.41 (now $28.38), EXM at $6.05 (now $7.32), RT at $7.12 (now $8.85), SNDK at $14.47 (now $22.91), SPY at $87.96 (now $107.27), SPWRA at $22.35 (now $32.63), SUN at $22.09 (now $27.75), V at $59.86 (now $74.41), VLO at $15.57 (now $20.50), WFR at $16.61 (now 19.09), X at $30.77 (now $50.45), XLF at $11.10 (now $15.35), XOM at $65.12 (now $69.85) and ZION at $11 (now $19).  Of course our members had much better entries as we had been targeting our entries on all of those but anyone reading our weekend review on July 11th could have played along at home from those prices (we even spiked down at Monday's open) and when I say we are now bearish – it is that we are bearishly protecting these ridiculous profits – the kind of profits you usually don't get after 3 years, not 3 months!

Overall, the broader market is up 20% over that time so it can be argued that a monkey with a dart board could have made good picks at that time but, if you read that week's notes – you'll notice that this monkey was screaming for people to buy and was going against what pretty much EVERY other analyst was saying and I was confident enough…
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Zero Hedge

BitTorrent Sells For $140 Million To Blockchain Startup Tron

Courtesy of ZeroHedge. View original post here.

Justin Sun, the founder of blockchain-focused startup Tron, has purchased BitTorrent, the owner of the file-sharing client MuTorrent, for $140 million, according to The Hacker News. Tron is a decentralized entertainment and content-sharing platform, and of course BitTorrent was a pioneer in the world of distributed file-sharing, and Sun said he hopes to use BitTorrent's recognizable brand in the course of building out his own company's content sharing system.

Tron is hoping to build a platform where users can publish content without ceding any control to a third-part...



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Phil's Favorites

Marks vs Machine

 

Marks vs Machine

Courtesy of 

The new Howard Marks memo hit last night. In it, the famed fixed income manager talks about the things that robotic investing cannot do that skilled humans can.

I’m not through the whole thing yet, but will have thoughts later.

Read it here in its entirety:

Investing Without People (Oaktree)

...

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Insider Scoop

More Trade Threats Spook Investors

Courtesy of Benzinga.

Related SPY The Market In 5 Minutes: Trade Tensions Intensify, ZTE Rebuked, Housing Starts And More Mark Cuban, Others...

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Chart School

Bitcoin Update - Testing support on cycle low

Courtesy of Read the Ticker.

Due to popular demand, bitcoin review.

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Sure fundamentals do matter, and so does market timing (entry, stops and exit), here at readtheticker.com we believe a combination of Gann Angles, Cycles and ...

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Digital Currencies

BIS Blasts Cryptos In Special Report: "Beyond The Hype"

Courtesy of Mike Shedlock, MishTalk

The BIS blasts cryptos over scaling issues, energy, and trust. The BIS is correct. Cryptos are fatally flawed as money.

A Bank of International Settlements (BIS) report examines cryptocurrencies in depth. The study, called "Looking Beyond the Hype" investigates whether cryptocurrencies could play any role as money.

Bloomberg, Reuters, and the Bitcoin Exchange guide all have articles on the report but not one of the bothered to link to it.

After a bit of digging, I found the crypto report is part of an upcoming BIS annual report. The BIS pre-released the crypto report today (as chapter 5).

Here's a l...



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Biotech

Mind molding psychedelic drugs could treat depression, and other mental illnesses

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

 

Mind molding psychedelic drugs could treat depression, and other mental illnesses

By agsandrew/shutterstock.com

Courtesy of David E. Olson, University of California, Davis

It seems that psychedelics do more than simply alter perception. According to the latest research from my colleagues and me, they change the structures of neurons th...



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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.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[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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About Ilene:

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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