Posts Tagged ‘OSIS’

Options volume pops on OSI Systems as shares drop

OSIS – OSI Systems, Inc. – Options volume on OSI Systems today is well above the average daily level for the stock, with upwards of 7,500 contracts in play as of midday in New York versus average daily volume of 57 contracts.  The surge in options trading on OSI Systems coincides with a 40% decline in the price of the underlying shares to $39.00 today, the lowest level since October of 2011. The company provided an update on a recent $60 million order cancellation by the Transportation Security Administration (TSA). Call options are more active than puts, with the call/put ratio hovering near 2.0 as of 12:40 p.m. EST. Some traders appear to be selling out of the money December and January 2014 expiry calls, while others step in to buy the contracts perhaps in the expectation that shares rebound in the near future. 


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Options Traders Pounce On Overstock.com Calls As Shares Extend Rally

 

Today’s tickers: OSTK, COF & OSIS

OSTK - Overstock.com, Inc. – Shares in Overstock.com, Inc. are spiking for a second-consecutive session, helped higher today by an upgrade to ‘buy’ from ‘underperform’ at Bank of America-Merrill Lynch. The off-price online retailer rallied 22% to $19.25 this morning, adding to the 36% increase in the price of the underlying during Thursday’s trading session following the company’s better-than-expected first-quarter earnings report released ahead of the open yesterday. Options changing hands on Overstock.com indicate some traders are positioning for shares to extend gains in the near term. Upwards of 1,500 calls have traded at the May $20 strike versus zero open interest, with much of the volume purchased in the early going at an average premium of $0.48 apiece. Call buyers stand ready to profit at expiration should shares in OSTK settle above the average breakeven price of $20.48. Fresh interest is also on the rise in the $20 strike call options expiring in June and September. Positions established in the April $15 strike call and put options yesterday are generating profits for some options players today. Open interest in the $15 strike puts jumped by around 860 contracts overnight, and a review of Thursday’s trading activity indicates most of the puts were sold at a premium of $0.30 each. The puts are now far out-of-the-money, suggesting put sellers are likely to walk away with the full amount of premium received at expiration. Finally, April $15 strike calls purchased yesterday at $0.24 each are today changing hands at $3.90 apiece as of the time of this writing.

COF - Capital One Financial Corp. – Trading traffic in weekly call options on Capital One suggests one or more traders are gearing up for shares in the name to extend gains in the near term. Shares in COF are up more than 6.0% in early afternoon trading to stand at $56.10 after the company reported first-quarter earnings that exceeded analyst expectations following the close of trading on Thursday. Upside call buying in the weeklys…
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Calls Hot on OSI Systems After Failed Terror plot

Today’s tickers: OSIS, SEED, AMZN, KONG & TER

OSIS – OSI Systems Inc. – Investors were keen to put a name on the company that might benefit from a boost to security spending, which is behind the 12.5% rally in shares of OSI Systems today to $28.22. The previous 52-week high stood at $25.64 in the California-based company that makes critical electronic gadgetry to include complex security and inspection systems. The fallout from the Christmas Day arrest of a young Nigerian who apparently attempted to set off an explosive device on a Detroit-bound airplane is fast trickling through to who might win orders from the office of homeland security. Option volume in OSI Systems is a rare thing as indicated by the scant vale of open interest at 4,341 lots. Call option buyers at the January expiration saw to it that the company remains on investors’ radar after they likely doubled the prevailing number of option positions on Wednesday. Some 4,700 calls at the $30 strike were bought starting at 25 cents per contract and rising to as much as $1.00 each as the shares rose in value. The delta reading of 33% implies a one-in-three chance that the share price will rise by a further 6.3% within the next 18 days.

SEED – Origin Agritech – There was a wave of call option activity at Origin Agritech following the technology-focused seed development company’s announcement that it had bought back the remainder of its outstanding notes. The move will probably strengthen its balance sheet and helped spur its share price 25% higher to $12.15. Last month the stock rose to about $15 after the Chinese government said it would work with the company to grow modified corn and rice. Heaviest call volume was seen at the January $12.5 strike where 4,400 lots have traded from Tuesday’s close of 10 cents to 90 cents. The $15 strike calls have traded 1,600 times at an unchanged 30 cents. Option implied volatility spiked from 80% to 103% as uncertainty grew as investors demanded higher premiums to sell options. At the January 10 strike investors appeared swift to sell more than 4,000 put options as low as 40 cents, down from Tuesday’s closing price of $1.10 in the expectation that Origin will remain firm.

AMZN – Amazon Inc. – One investor appeared to take out some protection against a possible decline in shares of…
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Phil's Favorites

What the coronavirus does to your body that makes it so deadly

 

What the coronavirus does to your body that makes it so deadly

SARS-CoV-2 virus particles (pink dots) on a dying cell. National Institute of Allergy and Infectious Diseases, NIH

Benjamin Neuman, Texas A&M University-Texarkana

COVID-19 is caused by a coronavirus called SARS-CoV-2. Coronaviruses belong to a group of viruses that infect animals, from peacocks to whales. They’re named for the bulb-tipped spikes that project from the virus’s surface and give the appearance of a corona surrounding it.

A coronavirus infection usually plays o...



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Biotech/COVID-19

What the coronavirus does to your body that makes it so deadly

 

What the coronavirus does to your body that makes it so deadly

SARS-CoV-2 virus particles (pink dots) on a dying cell. National Institute of Allergy and Infectious Diseases, NIH

Benjamin Neuman, Texas A&M University-Texarkana

COVID-19 is caused by a coronavirus called SARS-CoV-2. Coronaviruses belong to a group of viruses that infect animals, from peacocks to whales. They’re named for the bulb-tipped spikes that project from the virus’s surface and give the appearance of a corona surrounding it.

A coronavirus infection usually plays o...



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Zero Hedge

Mysterious Colorado Doomsday Shelter For When "Law & Order Breaks Down" Sees Spike In Interest

Courtesy of ZeroHedge View original post here.

As the pandemic unfolds across the US, city dwellers are getting the hell out of dodge and escaping to rural areas. We noted this last week, with many leaving large metro areas in California, fleeing for the mountains and rural communities to limit their probabilities of ...



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ValueWalk

Junior gold stocks offer a place of refuge in a falling market

By Michelle Jones. Originally published at ValueWalk.

Junior gold stocks have taken a beating alongside other stocks, but history suggests this could be the time to dive in. The Vaneck Vectors Junior Gold Miners ETF is down from where it was in February, although it’s starting to show signs that it could revive soon.

Q4 2019 hedge fund letters, conferences and more

Crescat likes junior gold stocks

In their March update to investors, Crescat Capital said junior gold stocks retested the lows of a nine-year bear market. ...



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Kimble Charting Solutions

Depression Coming or Is the Bottom Already In? Joe Friday Says Your Answer Lies Here!

Courtesy of Chris Kimble

Are we headed towards a Depression or is the worst already behind us? In today’s world, comparisons to the great depression are easy to find.

Are the Depression concerns well founded or are the declines of late already pricing in a bottom?

In my humble opinion, this chart and the upcoming price action of this index will go miles and miles towards telling us if we are headed towards very tough times or if the huge declines of late are actually in a bottoming process.

This chart looks at the Thomson Reuters Equal Weighted Commodity Index on a monthly basis over the past 54 years. The index has been heading south, reflecting weakness in demand for basi...



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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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The Technical Traders

Founder of TradersWorld Magazine Issued Special Report for Free

Courtesy of Technical Traders

Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

There is only one article in this special supplement, click on the image or link below to download and read it today!

...

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Chart School

Big moving Averages and macro investment decisions

Courtesy of Read the Ticker

When price is falling every one wonders where demand will come in.


RTT black screen Tv videos study the simplest measure of price (simple moving average). What has happen before guides us now. 














Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, ...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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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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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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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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