Posts Tagged ‘OCR’

E*TRADE Put Options In Play As Shares Slide

Today’s tickers: ETFC, SUNE & OCR

ETFC - E*TRADE Financial Corp. – Shares in online broker, E*TRADE Financial Corp., fell nearly 6.0% on Wednesday after the firm said regulators may review its historical order handling practices. According to the company’s 10-Q, such an investigation, “could subject it to monetary penalties and cease-and-desist orders, which could also prompt claims by customers of E*TRADE Securities LLC.” The statement went on to note that, “these actions could materially and adversely affect the company’s broker-dealer businesses.” Shares in ETFC fell as much as 5.5% on the news to an intraday low of $14.30. The stock is still in negative territory, but off the lows of the session to trade at $14.56 just after midday in New York. Sizable prints in September expiry put options on E*TRADE suggest some strategists are bracing for the price of the underlying to potentially extend losses in the near term. Upwards of 6,200 of the Sep $14 puts have changed hands thus far in the session against open interest of 623 contracts. It looks like most of the $14 puts were purchased within 30 minutes of the opening bell for an average premium of $0.43 apiece. The puts may be profitable at expiration next month in the event that ETFC shares decline 6.8% from the current level to trade below the average breakeven point on the downside at $13.57.

SUNE - SunEdison, Inc. – Options on the maker of wafers for the semiconductor and solar industries are more active than usual today after the company posted a wider than expected second-quarter loss that sent shares in SunEdison down nearly 30% to $6.90 on Wednesday. The double-digit percentage move to the downside in SunEdison shares today appears to have attracted some contrarian strategists to SUNE options. Fresh interest building in front month…
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Bulls Position for Near-Term Rally in TJX Companies

 Today’s tickers: TJX, TIVO, BP, CSC, ANF, GT & OCR

TJX - TJX Companies, Inc. – Near-term bullish options traders are betting on a rebound in shares of the operator of the largest off-price retail chains, T.J. Maxx and Marshalls, by picking up call options in the January contract this afternoon. Shares in TJX Companies fell 1.30% in the final hour of the session to $43.01, recovering off an earlier intraday low of $42.55. TJX shares are down 4.0% since December 30, and have lost a total of 8.9% since November 5, 2010, when shares touched a 6-month high of $47.21. Investors positioning for a rally in TJX Companies are perhaps hopeful shares will rebound following the release of December same-store sales data. Optimistic traders scooped up more than 2,600 calls at the January $44 strike for an average premium of $0.49 apiece. Call buyers at this strike stand ready to accrue profits should shares rise 3.4% to exceed the average breakeven price of $44.49 ahead of January expiration. Bullish sentiment spread to the higher January $45 strike where nearly 1,000 call options were purchased at an average premium of $0.24 a-pop. Higher-strike call buyers make money if TJX shares rally 5.2% to trade above the average breakeven point at $45.24 before the contracts expire in a couple of weeks.

TIVO - TiVo, Inc. – Massive prints in deep out-of-the-money call options on TiVo today appear to be the work of outright bullish players speculating that shares in the television technology firm could more than double by May expiration. Shares in TiVo are up sharply by 8.07% this afternoon to stand at $9.78 as of 2:40pm in New York. TiVo, Inc. is participating in the Citi 21st Annual Global Entertainment, Media and Telecommunications Conference today. Investors hoping to see TiVo’s shares rebound to prices not seen since April of 2010 purchased debit call spreads during the first half of the trading session. Approximately 20,000 calls were picked up at the May $17.5 strike for an average…
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RIMM Bear-Butterfly Strategist Prepares for the Worst

Today’s tickers: RIMM, HRB, CAT, DF, XLE, SKS, OCR & NEM

RIMM – Research in Motion, Ltd. – Shares in BlackBerry maker, Research in Motion Ltd., took a severe beating today after a Sanford C. Bernstein Ltd. survey revealed more firms are choosing rival devices such as the iPhone, a sign the firm is relinquishing its share of the corporate market to its competitors. RIMM’s shares dropped 6.30% to an intraday- and new 52-week low of $42.72 in the final hour of trading. The price of the underlying stock, which reached a 13-month high of $88.08 on September 23, 2009, has since collapsed 51.5% lower to reach today’s value of $42.72. But, one options trader populating the longer-dated January 2011 contract today positioning for RIMM’s shares to nearly halve again by expiration. The investor initiated a bearish put butterfly spread, buying 1,100 puts at the January 2011 $27.5 strike for premium of $0.80 apiece, selling 2,200 puts at the January 2011 $22.5 strike for premium of $0.37 per contract, and buying 1,100 puts at the January 2011 $17.5 strike for premium of $0.18 each. The net cost of the spread amounts to $0.24 per contract. The investor stands prepared to accumulate profits if shares of the mobile device maker plummet 36.2% from the current price to breach the effective breakeven point at $27.26 by expiration day. Maximum potential profits of $4.76 per contract are safe inside the trader’s piggybank if the Canadian company’s shares collapse 47.3% lower to settle at $22.50 at expiration. The majority of options traders populated the near-term September contract where the September $40/$42.5/$45 strike puts were the most active.

HRB – H&R Block, Inc. – Bearish investors bombarded the provider of tax, banking, business and consulting services in afternoon trading after Standard & Poor’s Ratings Services lowered its rating outlook on the company to stable from positive. The downgrade weighed heavily on HRB’s shares, which fell as much as 6.20% to an intraday- and new 52-week low of $12.54. Shares are currently down 4.95% at $12.71 with one hour remaining before the closing bell. Given the new 52-week low of $12.54, HRB’s shares are down 21.5% since trading at $15.97 on August 2, 2010. The stock has lost a total of 46.15% of its value since January 21, 2010, when shares reached the current 52-week high of $23.29. Investors wary of continued bearish movement in…
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Investors Bumps Up Bullish Stance on Ford Motor Co.

Today’s tickers: F, GNW, VRSN & OCR

F – Ford Motor Co. – A massive bullish transaction involving 300,000 call options on the auto manufacturer today indicates one big player is increasingly optimistic that Ford’s shares are likely to stay their upward trajectory through September expiration. The price of the auto maker’s shares rallied 2.90% to $13.14 by 12:30 pm ET on news Chinese automaker, Zhejiang Geely Holding Group Co., completed its purchase of Volvo Cars from Ford by shelling out $1.3 billion in cash and issuing a $200 million note for the acquisition. Ford’s credit rating was also raised two levels by Standard & Poor’s today on optimism the firm will remain profitable, and due to improved investor and consumer perception of the Dearborn, MI-based company. The enormous bullish trade on Ford appears to be the work of an investor booking profits by first selling a previously established long call position, and next initiating a fresh more-bullish stance on the stock. It appears the investor originally purchased 150,000 calls at the September $12 strike for an average premium of $0.41 each back on July 9, 2010, when Ford’s shares closed at $10.85. The subsequent rally in the price of the underlying stock boosted premium on the September $12 strike calls, allowing the trader to sell all 150,000 now in-the-money contracts at an average premium of $1.40 apiece. Net profits on the sale of the call options amounts to $0.99 per contract. Next the investor purchased 150,000 fresh in-the-money calls at the September $13 strike for an average premium of $0.75 per contract. Profits start to accumulate on the new position if Ford’s shares rally another 4.65% over the current price of $13.14 to surpass the effective breakeven point to the upside at $13.75 by expiration day next month.

GNW – Genworth Financial, Inc. – A three-legged bullish options combination play initiated on the insurance company today suggests one strategist expects Genworth’s shares to rally significantly ahead of expiration day in December. GNW’s shares inched up during morning trading, but later slipped 0.30% lower to stand at $13.54 by 12:50 pm ET. The investor appears to have sold put options in order to offset the cost of buying a debit call spread. To establish the spread the trader sold 4,000 puts at the December $12 strike for an average premium of $1.04 each, purchased 4,000 calls at the December…
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Phil's Favorites

Coronavirus and cancer hijack the same parts in human cells to spread - and our team identified existing cancer drugs that could fight COVID-19

 

Coronavirus and cancer hijack the same parts in human cells to spread – and our team identified existing cancer drugs that could fight COVID-19

SARS-CoV-2 turns on a cellular switch to build the tubes in this photo – called filopodia – that might help viral particles – the little spheres – spread more easily. Dr Elizabeth Fischer, NIAID NIH / Bouhaddou et al. Elsevier 2020, CC BY-ND

Courtesy of Nevan Krogan, University of California, San Francisco

Most antivirals in use today ...



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Biotech/COVID-19

Coronavirus and cancer hijack the same parts in human cells to spread - and our team identified existing cancer drugs that could fight COVID-19

 

Coronavirus and cancer hijack the same parts in human cells to spread – and our team identified existing cancer drugs that could fight COVID-19

SARS-CoV-2 turns on a cellular switch to build the tubes in this photo – called filopodia – that might help viral particles – the little spheres – spread more easily. Dr Elizabeth Fischer, NIAID NIH / Bouhaddou et al. Elsevier 2020, CC BY-ND

Courtesy of Nevan Krogan, University of California, San Francisco

Most antivirals in use today ...



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ValueWalk

The M&A Activism Picture Is Not All Rosy

By ActivistInsight. Originally published at ValueWalk.

This week we released Shareholder activism in H1 2020 – the definitive statistical report on an unprecedented proxy season.

Q2 2020 hedge fund letters, conferences and more

Given just how massive and longlasting the impact of the coronavirus pandemic has been, including an end to the longest bull market in history (followed after the briefest of pauses by a roaring recovery), an end to the ...



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Zero Hedge

US Suffers Record 52k New COVID-19 Cases As Holiday Weekend Begins: Live Updates

Courtesy of ZeroHedge View original post here.

Coronavirus cases in the US hit another daily record on Thursday as Americans prepared for a distinctly joyless Fourth of July weekend that bears none of the sense of joy and revival that the country enjoyed on Memorial Day Weekend. According to JHU, the US reported 52,291 new cases, bringing its nationwide total to 2,739,879.

Source: JHU ...



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The Technical Traders

Wild Volatility Continues As US Markets Attempt To Establish New Trend

Courtesy of Technical Traders

We’ve continued to attempt to warn investors of the risks ahead for the US and global markets by generating these research posts and by providing very clear data supporting our conclusions.  Throughout the entire months of May and June, we’ve seen various economic data points report very mixed results – and in some cases, surprise numbers as a result of the deep economic collapse related to the COVID-19 virus event.  This research post should help to clear things up going forward for most traders/investors.

As technical traders, we attempt to digest these economic data factors into technical and price analysis while determining where and what ...



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Kimble Charting Solutions

Nasdaq 100 Relative Strength Testing 2000 Highs

Courtesy of Chris Kimble

The tech bubble didn’t end well. BUT it did tell us that the world was shifting into the technology age…

Since the Nasdaq 100 bottomed in 2002, the broader markets have turned over leadership to the technology sector.

This can be seen in today’s chart, highlighting the ratio of Nasdaq 100 to S&P 500 performance (on a “monthly” basis).

As you can see, the bars are in a rising bullish channel and have turned sharply higher since the 2018 stock market lows. This highlights the strength of the Nasdaq 100 and large-cap tech stocks.

...

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Chart School

US Dollar with Ney and Gann Angles

Courtesy of Read the Ticker

Where is price going, is there strength or weakness in the chart?


Previous Post on the US Dollar : Where is the US Dollar trend headed ?


The question is always what will the future price action look like ?


This post will highlight the use of lines generated by angles. Not trend lines, as trend lines require two known points on a chart, where as angles require only one known point and a angle degree to draw a line. The question then becomes how is the angle degree determined.



There are two theories: ...

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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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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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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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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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