Posts Tagged ‘MRO’

Iron Condor Crops Up on Tyco International Ltd.

Today’s tickers: TYC, JWN, ACOR & MRO

TYC - Tyco International Ltd. – An investor expecting shares in Tyco International to remain range bound over the next couple of months constructed an iron condor on the industrial products company using call and put options expiring in April. Shares in Tyco are currently up 0.40% to stand at $46.98 as of 10:40am in New York. The options strategist appears to have sold the 900-lot April $48/$50 call spread to pocket an average net credit of $0.55 per contract, in combination with the sale of the 900-lot April $43/$45 put spread for an average net credit of $0.35 per contract. The iron condor yields a total net credit of $0.90 per contract, which the investor keeps in full as long as shares in Tyco International trade above $45.00 and below $48.00 through April expiration. Buying the higher-strike calls and the lower-strike puts reduces the harvestable premium on the short legs of the transaction, but also caps losses for the investor in case the position moves against him at some point. The investor faces maximum potential losses of $1.10 per contract if shares either rally above $50.00, or slip beneath $43.00 ahead of expiration day in April.

JWN - Nordstrom, Inc. – Shares in specialty fashion retailer, Nordstrom, are up 1.55% at $47.20 this morning following the firm’s better-than-expected fourth-quarter earnings report after the close of trading on Thursday. Nordstrom said it earned $1.04 a share in the quarter, beating average analyst estimates of $1.00 a share. Additionally, the retailer reported it is buying the online private sale marketplace HauteLook, which has some 4 million members, for $180 million in stock. Nordstrom is reportedly the first department store chain to purchase one of the limited-time deal, or ‘flash-sale’, websites. Trading in JWN by one…
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Bullish Investors Flock to Popular, Inc. as Shares Reach a New 52-Week High

Today’s tickers: BPOP, SLV, XRT, RCL, USO, MRO, AVP, PG & CROX

BPOP – Popular, Inc. – Shares of the largest bank in Puerto Rico surged 26.5% during the trading session to a new 52-week high of $3.86 after the firm was raised to ‘buy’ from ‘neutral’ and given a target share price of $3.50 at B. Riley & Co. Popular’s shares took off running on news the company may sell its Evertec unit and some other businesses for $1 billion. Options traders enacted bullish strategies on the stock to position for continued upward movement in the price of the underlying stock. Plain-vanilla call buying took place at the April $3.5 strike where approximately 9,400 now in-the-money contracts were picked up for an average premium of $0.14 apiece. Other traders displayed optimism on Popular, Inc. by shedding put options. Roughly 4,500 puts were sold short at the April $3.0 strike for a premium of $0.06 each. Investors keep the premium received as long as shares trade above $3.00 through expiration day on Friday. Similar bullish activity was observed in the May contract today. Investors paid an average premium of $0.28 per contract to take ownership of nearly 8,000 in-the-money call contracts at the May $3.5 strike price. Additionally, traders expecting shares of BPOP to remain above $3.50 through May expiration shed 6,200 put options at the May $3.5 strike to receive an average premium of $0.33 each. Put sellers at this strike price keep the full premium pocketed on the trade as long as shares of the underlying stock exceed $3.50 through expiration day. Investors short the puts are apparently happy to have BPOP-shares put to them at an effective price of $3.17 each should the put options land in-the-money at expiration. Options players exchange 83,855 contracts at Popular, Inc. as of 3:00 pm (ET), which represent more than 55% of the total existing open interest on the stock of 151,847 contracts.

SLV – iShares Silver Trust ETF – Shares of the silver ETF, an exchange-traded fund whose share price typically reflects the price of silver owned by the Trust at any given time less the Trust’s expenses and liabilities, increased 0.35% in late afternoon trading to stand at $17.87. Options activity on the stock, however, indicates at least one investor is expecting the price of the underlying shares to decline ahead of July expiration. It looks like the bearish…
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2010 – Time to Arrest the Oil Extortionists?

Is "extortion" too strong a word for what's being done to us?

Extortion is a criminal offense which occurs when a person unlawfully obtains either money, property or services from a person, entity, or institution, through coercionCoercion is the practice of forcing another party to behave in an involuntary manner (whether through action or inaction) by use of threats, intimidation, trickery, or some other form of pressure or force. Such actions are used as leverage, to force the victim to act in the desired way. Coercion may involve the actual infliction of physical pain/injury or psychological harm in order to enhance the credibility of a threat. The threat of further harm may lead to the cooperation or obedience of the person being coerced.

Perhaps there is not much we can do to stop the criminal cartel known as OPEC from withholding the supply of oil (they have cut production by 5M barrels a day globally in the past 18 months) or the US Energy cartel that has taken 32.4% of the US rigs off-line in the past 12 months – EVEN though oil prices are UP 100% over the same time period.  I'm sure, if called to testify before Congress, T Boone and company will do some song and dance to pretend the economics of $80 oil justify 32.4% less drilling than $40 oil did last December rather than the very obvious fact that, by cutting off 32% of our supply, they were able to EXTORT us, to force us to pay through trickery and the pressure of witholding a vital commodity - an extra $40 per barrel. 

$40 a barrel is costing the US consumer $760M a day – and that's without the refining mark-up.  $760M a day is $277Bn a year stolen from US citizens alone and over $1Tn globally – that's 20 Madoff scams a year!  If the oil companies were witholding water or air from us and demanding more money for something they were able to readily produce more of, then we would KNOW it was torture, right?  Why should oil be different?   It's not a choice – for good or ill, we need energy to survive in this modern world every bit as much as we need air and water yet we allow both the blatant cartel of OPEC as well…
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Friday – The Good, the Bad and the GDP

Clearly there are people who will do anything for money.

In the classic movie, "The Good, the Bad and the Ugly," the characters all lie, cheat, steal and kill as they chase after a chache of government gold.  They all kill, they all try to kill each other and the only character trait they all share is they will all do anything for money.   We are lucky enough to have a modern version of that, with our own government supplying GOLDman Sachs and other bad market manipulators with TARP money, which they are using to, not to lend money to the good citizens of the US but rather to prop up the commodities market, stealing Billions of dollars from the very people they claimed they were going to help.

Since the November bail-out, consumer lending had gone down, home foreclosures have gone up, unemployment has gone up, housing has gone down yet the CRB has gone up 25%, led by oil, which is up 88% at $66 this morning.  $66 oil is a noose around the neck of this economy as the it was cheaper oil that helped us begin to recover as it stayed around $40 from November through the beginning of March.  On a per barrel basis alone, that was $500M a day LESS than we are paying now but, despite the fact that oil is still 54% in price from this time last year, gasoline has gone up so fast that it's only down 23% from the prices that knocked the wheels out from our economy.  Including refined products, that extra $26 a barrel is costing US consumers $1Bn a day, $365Bn a year or 1/2 of the TARP money going straight out of our economy and back to the countries that fund terrorism through the very ugly hands of GS (who are partners in ICE) and other TARP recipients who have funded and coordinated this commodity "rally," screwing the American people over with our own tax dollars.

Aside from the very obvious upgrades by the TARP-sponsored Financial houses of anything and everything that even smells like oil and the GE-sponsored 24/7 pump-fest on CNBC, we now have Goldman Sachs this morning telling the sheeple specifically to: "sell Petrobras October $34 put options for $1.95 because a
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Zero Hedge

These Are The Most (And Least) Generous Countries In The World

Courtesy of ZeroHedge View original post here.

The Charities Aid Foundation has released the 2019 edition of the World Giving Index which surveyed 1.3 million people in 128 countries to determine generosity levels.

Unfortunately, as Statista...



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Phil's Favorites

How Asia transformed from the poorest continent in the world into a global economic powerhouse

 

How Asia transformed from the poorest continent in the world into a global economic powerhouse

By sladkozaponi/Shutterstock

Courtesy Deepak Nayyar, University of Oxford

In 1820, Asia accounted for two-thirds of the world’s population and more than one-half of global income. The subsequent decline of Asia was attributed to its integration with a world economy shaped by colonialism and driven by imperialism.

By the late 1960s, Asia was the ...



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Digital Currencies

Five hurdles blockchain faces to revolutionise banking

 

Five hurdles blockchain faces to revolutionise banking

Shutterstock

Courtesy of Markos Zachariadis, Warwick Business School, University of Warwick

Blockchain is touted as the next step in the digital revolution, a technology that will change every industry from music to wast...



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Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

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GDX PnF chart from within the video

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Important channels around the HUI.
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The Technical Traders

Treasuries Pause Near Resistance Before The Next Rally

Courtesy of Technical Traders

Our research team believes the US Treasuries and the US Dollar will continue to strengthen over the next 2 to 6+ weeks as foreign market and emerging market credit and debt concerns outweigh any concerns originating from the US economy or political theater.  Overall, the major global economies will likely continue to see strength related to their currencies and debt instruments simply because the foreign market and emerging markets are dramatically more fragile than the more mature major global economies.

We believe the US Treasuries may surprise investors by rallying from current levels, near price resistance, to levels above $151 on the TLT chart. 

Our belief ...



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Insider Scoop

48 Biggest Movers From Yesterday

Courtesy of Benzinga

Gainers
  • Hepion Pharmaceuticals, Inc. (NASDAQ: HEPA) shares climbed 43.2% to close at $3.58 on Thursday after the company announced the publication of a research article, "A Pan-Cyclophilin Inhibitor, CRV431, Decreases Fibrosis and Tumor Development in Chronic Liver Disease Models," in the peer-reviewed Journal of Pharmacology and Experimental Therapeutics.
  • Synthesis Energy Systems, Inc. (NASDAQ: SES) rose 26.9% to close at $9.20 after surging 12.24% on Wednesday.
  • Assembly Biosciences, Inc...


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Kimble Charting Solutions

Bank Index Breakout? Stock Market Bulls Sure Hope So

Courtesy of Chris Kimble

One of the most important sectors of the stock market is the banking industry and bank stocks.

When the banks are healthy, the economy is likely doing well. And when bank stocks are participating in a market rally, then it bodes well for the broader stock market.

In today’s chart, we look at the Bank Index (BKX).

As you can see, the banks have been in a falling channel for the past 20 months. As well, the banks have been lagging the broader market during this time as well – see the Ratio in the bottom half of the chart above.

That said, th...



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Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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