Posts Tagged ‘NUE’

Chinese ETF Options Hint of More Nerves Ahead

Today’s tickers: FXI, NUE, BBT & NTAP

FXI – Bearish options activity was observed on the China exchange-traded fund this morning amid a nearly 2.5% decline in shares to $40.78. Investors expecting further declines initiated bearish reversal plays on the ETF in the September contract. Approximately 10,000 calls were shed at the September 44 strike price for 80 cents apiece in order to partially finance the purchase of 10,000 put options at the now in-the-money September 41 strike for an average premium of 1.96 each. The net cost of the reversal amounts to 1.16. Thus, profits will begin to amass to the downside if shares fall beneath the breakeven point at $39.84 by expiration. Additional plain-vanilla put buying in the amount of 5,000 lots was seen at the September 41 strike for 1.96 per contract. Investors who did not fund their purchase of puts by selling calls will not start to profit unless the FXI declines at least 4% from the current price through the lower breakeven point at $39.04. Increase investor uncertainty regarding the future price of the fund is reflected by the 11% rise in option implied volatility today to a high of 41%. – iShares FTSE/Xinhua China 25 Index Fund

NUE – The manufacturer of steel and steel products edged onto our ‘most active by options volume’ market scanner this morning after call activity was observed in the January 2010 contract. Shares of NUE have suffered a 2.5% decline to stand at $46.48. The bullish ratio call spread established by one investor suggests a recovery in the stock up to its current 52-week high of $53.46 or above by expiration. The spread involved the purchase of approximately 5,000 calls at the January 50 strike price for a premium of 3.70 apiece against the sale of 10,000 calls at the higher January 55 strike for 2.07 per contract. The trader receives a net credit on the transaction of about 44 cents and may bank additional gains if NUE rallies 8% higher to surpass the $50.00 level by expiration. Maximum potential profits of 5.00 (excluding the credit received) will be attained by the investor if shares surged to $55.00. The risk undertaken by the trader in this situation is that he is holding a short position in 5,000 calls. Potentially unlimited losses would begin to amass on the call options if the stock blows through the breakeven point to
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Zero Hedge

Facebook Moves 1.5 Billion Users' Data Out Of Europe To Circumvent New Privacy Law

Courtesy of ZeroHedge. View original post here.

This doesn't bode well for Facebook CEO Mark Zuckerberg and what remains of his tattered credibility.

After Zuck suggested (but stopping short of promising) during testimony before Congress last week that he would treat all Facebook users' data as if it fell under the European Union...



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Phil's Favorites

Trump's exports-good, imports-bad trade policy, debunked by an economist

 

Trump's exports-good, imports-bad trade policy, debunked by an economist

The White House frets about how the U.S. imports more stuff than it exports. AP Photo/Ben Margot

Courtesy of Ian Sheldon, The Ohio State University

President Donald Trump’s trade policy leaves international economists like me scratching our heads.

His apparent desire to start a ...



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Digital Currencies

Cryptos Continue To Surge As Tax-Day Passes

Courtesy of ZeroHedge. View original post here.

Crytpocurrencies are continuing their post-tax-day gains with Bitcoin above $8500, Ethereum at almost $600, and Ripple up over 30% on the week.

With Bitcoin back above $8,500...

And Ethererum is back above $550 - testing towards $600...

Certainly for now, the anecdotal performa...



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Insider Scoop

Cowen Says The Big Sell-Off In Skechers Is A Buying Opportunity

Courtesy of Benzinga.

Related SKX 25 Stocks Moving In Friday's Mid-Day Session Mid-Day Market Update: Skechers USA Falls After Weak Q2 Guidance; Ericsson Shares Climb...

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Chart School

Short Opportunity II

Courtesy of Declan.

The first chance for a short play got burned but there is a second one on offer for the S&P.

The S&P tagged channel resistance and while today's reversal off resistance didn't amount to a big percentage loss it did register as a distribution day. There wasn't any significant technical change so if this short does evolve it will do so with risk measured on a move above 2,717.


The Nasdaq may match a 'bearish evening star' but if this is the case there has to be a significant move lower tomor...

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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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Biotech

How your brain is wired to just say 'yes' to opioids

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

 

How your brain is wired to just say ‘yes’ to opioids

A Philadelphia man, who struggles with opioid addiction, in 2017. AP Photo/Matt Rourke

Courtesy of Paul R. Sanberg, University of South Florida and Samantha Portis, University of South Florida

...

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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!

 

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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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