Posts Tagged ‘ONNN’

Target Corp. Call Options Active As Shares Hit Record Highs

Today’s tickers: TGT, ONNN & CVS

TGT - Target Corp. – Weekly call buyers homed in on Target Corp. options during morning trading on Tuesday, a sign some traders are positioning for shares in the name to extend gains in the near term. The stock is trading up 1.7% at $72.23 just before midday in New York, after earlier rallying as much as 2.4% to a new all-time high of $72.77. Target’s shares have gained more than 25% since this time last year. The most active weekly contracts in play on TGT during the first half of the session are the Jun 07 ’13 $72.5 strike calls, with upwards of 1,800 contracts in play versus open interest of 640 contracts. It looks like most of the calls were purchased near the open for an average premium of $0.40 each, thus positioning buyers to profit at expiration in the event that shares settle above the average breakeven price of $72.90. Time and sales data indicates that the $72.5 weekly calls attracted buyers yesterday as well. On Monday around 600 of the $72.5 calls appear to have been purchased for an average premium of $0.11 apiece. Traders paying $0.11 per contract yesterday are seeing sizable overnight gains, with premium on the call options currently up four-fold at $0.48 each as of 12:10 p.m. ET.

ONNN - ON Semiconductor Corp. – Shares in ON Semiconductor rose 2.8% to a new 52-week high of $8.73 on Tuesday morning, extending the more than 30% upside move in the price of the underlying since this time last year. Options changing hands on ONNN in the early going today suggests at least one trader is positioning for shares to falter during the next four months. The buyer of roughly 900 puts at the Oct $7.0 strike for a premium of $0.25 apiece during the first 15 minutes of the session may be securing downside protection to hedge a position in the underlying shares, or may be initiating an outright bearish stance on ONNN through October expiration.…
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Put Spreader Prepares For Possible Market Rout

Today’s tickers: EFA, KMX & ONNN

EFA - iShares MSCI EAFE Index Fund – A massive put spread on the EFA, an exchange-traded fund made up of stock in multinational companies such as Nestle, Novartis and BP, to name a few, suggests one big options player is prepared should equities stumble over the next few months. Shares in the index developed as an equity benchmark for international stock performance rallied 2.5% to $51.80 this afternoon as stocks across the board look to end the week on a positive note. The put spread initiated on the fund may serve as a life preserver for its owner if (when) the next negative headline from Europe rocks markets once more. The investor purchased 55,000 puts at the Jan. 2012 $49 strike for a premium of $2.27 each, and sold the same number of puts at the lower Jan. 2012 $43 strike at a premium of $1.07 apiece. Net premium paid to initiate the spread amounts to $1.20 per contract, or a total of $6.6 million. The spread positions the trader to profit in the event that shares in the ETF fall 7.7% to breach the effective breakeven point on the downside at $47.80 by January expiration. Maximum potential profits of $4.80 per contract are available on the spread – that amounts to a cool $26.4 million – should shares in the EFA tumble 17.0% over the next few months to trade below $43.00 at expiration. Shares in the fund slumped to a 52-week low of $45.45 as recently as October 4, but have not traded below $43.00 since May 2009.

KMX - CarMax, Inc. – A flurry of put activity on CarMax, Inc. pushed the used car retailer onto our ‘hot by options volume’ market scanner this morning. Shares in the Richmond, Virginia-based company rose 0.80% to $28.60 in the first half of the session. It looks like one investor binged on KMX puts, perhaps to take an outright bearish stance on the stock through the end of the year, or to provide varying degrees of downside protection on a long position in the underlying shares. The investor purchased roughly 200 puts at the Dec. $28 strike, the closest to-the-money available in the expiry, for a premium of $1.10 each. Buying continued at the Dec. $26 and $27 strikes, where the trader picked up more than 650 puts at each strike at average premiums of $0.56 and…
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Three-Legged Bearish Tactician Targets iShares Dow Jones U.S. Real Estate Index ETF

Today’s tickers: IYR, NSM, IGT, GFRE, LNC, BHI, ONNN & HPQ

IYR – iShares Dow Jones U.S. Real Estate Index ETF – A three-legged bearish options combination play on the IYR, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Dow Jones U.S. Real Estate Index – an index created to measure the performance of the real estate sector of the U.S. equity market, indicates one big player is bracing for a pullback in shares of the ETF through the end of 2010. Shares of the fund went the way of the market this afternoon and rallied 1.05% to $50.71 with less than one hour remaining in the trading week. The investor sold roughly 10,000 calls at the December $55 strike at an average premium of $1.35 each, purchased about 10,000 puts at the December $50 strike for an average premium of $3.65 apiece, and shed 10,000 puts at the lower December $43 strike at an average premium of $1.43 a-pop. The net cost of the pessimistic play is reduced to $0.87 per contract. The transaction could be a hedge to protect the value of a large position in IYR shares. But, if the spread represents an outright bearish bet on the ETF, the investor is poised to profit should shares dip below the average breakeven price of $49.13 by December expiration. Maximum available profits in this scenario amount to $6.13 per contract if the fund’s shares plummet 15.2% from the current price to trade below $43.00 by expiration day.

NSM – National Semiconductor Corp. – Shares in semiconductor manufacturer, National Semiconductor Corp., earlier slipped 2.05% to touch a new 52-week low of $12.41, but the stock came roaring back to life in afternoon trading, rallying as much as 3.2% to an intraday high of $13.08. The significant shifts in the price of the underlying shares inspired investors to purchase both call and put options on the stock today. Options traders may also be gravitating toward NSM options ahead of the firm’s first-quarter earnings report scheduled for September 9, 2010. Investors heartened by the turn-around in shares purchased approximately 5,800 calls at the November $13 strike for an average premium of $0.85 apiece. Call buyers make money if National Semiconductor’s shares rally another 5.9% over today’s high of $13.08 to trade above the average breakeven price of $13.85 by expiration…
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Politics

Why repressive Saudi Arabia remains a US ally

 

Why repressive Saudi Arabia remains a US ally

A demonstrator dressed as Saudi Arabian Crown Prince Mohammed bin Salman with blood on his hands protests outside the Saudi Embassy in Washington, D.C., on Oct. 8, 2018. Jim Watson/AFP via Getty Images

Courtesy of Jeffrey Fields, USC Dornsife College of Letters, Arts and Sciences

Saudi Crown Prince Mohammad bin Salman “approved an operation … to capture or kill Saudi journalist Jamal Khashoggi,” according to a...



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Phil's Favorites

Ensuring the minimum wage keeps up with economic growth would be the best way to help workers and preserve FDR's legacy

 

Ensuring the minimum wage keeps up with economic growth would be the best way to help workers and preserve FDR's legacy

It may seem like a lot, but it’s not the most important change in the bill. AP Photo/J. Scott Applewhite

Courtesy of Felix Koenig, Carnegie Mellon University

The US$1.9 trillion pandemic relief bill that the House ...



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Zero Hedge

Grimes Just Made $5.8 Million In 20 Minutes Selling Digital Art

Courtesy of ZeroHedge

Elon Musk's baby-mama/love interest Grimes recently made a $6 million score in only 20 minutes by selling digital artwork in an online auction.

The art comes with a digital asset called an "NFT" that proves its authenticity, according to The Daily Mail. She told 10 items from a collection she is calling "WarNymph" (of course), which included "dramatic illustrations of winged baby goddesses battling in apocalyptic skies" (of course). 

The non-fungible token that the works come with is encrypted with the artist's signature and authenticates the art as original. It relies on blockch...



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ValueWalk

Top Five Click-Baits In Buffett's Annual Shareholder Letter, Number 4 Will Shock You!

By Jacob Wolinsky. Originally published at ValueWalk.

Investment legend Warren Buffett released his annual Berkshire Hathaway shareholder letter Saturday and with it a trove of wisdom for value investors. Surprisingly, the letter also showed off Buffett’s recently developed penchant for internet click-bait, as several of his asides uncharacteristically directed readers to follow internet fads previously ignored by the 90-year-old market magician. The Stonk Market has summarized those nonagenarian hot-takes below:

Q4...



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Kimble Charting Solutions

Bond Prices About To Fall Off The Cliff?

Courtesy of Chris Kimble

The bull market in bond prices has steady, durable, and trustworthy. Over the past 40 years, if investors could count on anything, it was rising bonds and falling bond yields (interest rates).

But this trend / dynamic may be changing…

The post pandemic spike lower in interest rates (yields) sent bonds to all-time highs… but that quickly gave way to selling and steadily higher interest rates.

Is the bond market about to receive monster message?

As we have done many times before, today we share an “inverted” chart of ...



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Biotech/COVID-19

COVID-19 revealed how sick the US health care delivery system really is

 

COVID-19 revealed how sick the US health care delivery system really is

Many U.S. hospitals and clinics are behind when it comes to sharing information. Teera Konakan/Moment via Getty Images

Courtesy of Elizabeth A. Regan, University of South Carolina

If you got the COVID-19 shot, you likely received a little paper card that shows you’ve been vaccinated. Make sure you keep that card in a safe place. There is no coordinated way to share information about who has been vaccinated and who has not.

...

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Mapping The Market

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Digital Currencies

Crypto - It Is Different This Time

 

Crypto – It Is Different This Time

Courtesy of Howard Lindzon

?I have been astonished as you know by the growth of crypto.

I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.

Today Bitcoin is near $50,000.

Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.

After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.

That has continued each weekend...



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Chart School

The Fastest Money

Courtesy of Read the Ticker

The fast money happens near the end of the long trend.

Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
 


 

Video on the subject.


 

Charts in the video



 



 



Changes in the world is the source of all market moves, to ...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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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

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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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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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