Posts Tagged ‘PANL’

Universal Display Corp. Options Look For Near-Term Rebound

 

Today’s tickers: PANL, C & DDS

PANL - Universal Display Corp. – A surprise third-quarter loss reported yesterday by the provider of technology and components in flat panel displays, lighting and electronics, sent shares in Universal Display Corp. down nearly 25% on Thursday morning to an intraday low of $21.55. A number of analysts cut their ratings on the stock following the earnings miss and after the company lowered its full-year revenue forecast. The stock is off its lows of the session, trading down 18% on the day at $23.03 as of 11:40 a.m. ET. Much of the trading traffic in front month calls and puts indicates some options market participants expect shares in PANL to potentially rebound in the near term, or at least stem further declines ahead of November expiration. Traders betting that PANL shares are at their lowest point for the time being sold in- and out-of-the-money put options that expire at the end of next week. It looks like the single largest put play was the sale of 500 contracts at the Nov. $23 strike for a premium of $0.65 apiece early in the trading session. The seller walks away with the full amount of premium in hand as long as shares in the name settle above $23.00 at expiration. At present, PANL shares have rebounded off an earlier low of $21.55, and the Nov. $23 strike put options are out-of-the-money. Similar positioning was observed at the lower Nov. $20, $21 and $22 strikes, with strategists selling at least a few hundred put contracts at each strike in the early going. Meanwhile, traders prepared to profit from a quick turnaround in the price of the underlying picked up around 300 calls at the Nov. $24 strike for an average premium of $0.74 per contract. Call buyers make money at expiration next week if PANL shares rally at least 7% over the current price of $23.03 to trade above the average breakeven price of $24.74.…
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Put Spread Eyes Sharp Pullback In CAT Shares

Today’s tickers: CAT, PANL, LIFE & SLXP

CAT - Caterpillar, Inc. – The machinery maker’s shares may surrender much of the gains posted during the October rally, according to one bearish strategy initiated in the December contract this morning. Shares in Caterpillar are in the red this afternoon, along with all of the other Dow 30 names, to trade 3.5% lower at $92.50 as of 12:45 pm ET. It looks like one investor initiated a roughly 3,000-lot bearish put spread, buying the Dec. $90 puts, and selling the same number of Dec. $75 options, for an average net premium outlay of $3.07 per contract. The trader may profit at expiration next month if CAT’s shares fall 6.0% to breach the average breakeven price of $86.93. The investor may pocket maximum potential profits of $11.93 per contract should shares Caterpillar plunge 18.9% to trade below $75.00 at December expiration day. CAT’s shares last traded below $75.00 back on October 7. The stock presently trades 37.0% higher than its October 4 52-week low of $67.54.

PANL - Universal Display Corp. – Shares in Universal Display Corp. rallied as much as 11.75% to an intraday high of $55.25 after the company posted better-than-expected third-quarter earnings. The provider of components and technologies used in the production of flat-panel displays earned $0.12 a share, excluding some items, which beat the average expectation that the firm would break even for the quarter. Shares in PANL are off their highs off the morning to stand 8.2% better on the day at $53.49 as of 11:25 am ET. One options player appears to be positioning for shares in Universal Display Corp. to continue to climb through November expiration. It looks like the investor purchased a 1,000-lot Nov. $55/$60 call spread at a net premium of $2.10 per contract. Profits are available on the spread should PANL’s shares rally another 6.7% to surpass the effective breakeven price of $57.10. The bullish trade yields maximum potential profits of $2.90 per contract to the investor in the event that shares in Universal Display surge 12.2% over the current price of $53.49 to trade above $60.00 at expiration. Options implied volatility on the stock is down 20.1% to arrive at 81.9% in the first half of the session.

LIFE - Life Technologies Corp. – Put options on biotechnology company Life Technologies Corp. are more active than usual this morning. Shares in the name are down better than 3.0%…
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Zero Hedge

Coronavirus Kills Man In Shanghai As China Confirms Nearly 2,000 Cases

Courtesy of ZeroHedge View original post here.

Summary
  • First nCoV death reported in Shanghai
  • South Korea confirms third case
  • Toronto health officials to announce first 'presumptive case' of coronavirus in Canada
  • 1975 Cases Worldwide; 56 deaths (still about a 3% mortality rate)
  • 18 Chinese cities - 56 million people - quarantined
  • President Xi said China faces a 'grave situation' as the spread is 'accelerating'
  • US and Russia plan...


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Phil's Favorites

Preparing For Lower Returns

 

Preparing For Lower Returns

Courtesy of 

We’ve been hearing about the prospect of lower future returns for U.S. based investors for years now*. The thesis behind this is fairly straightforward; high recent returns coupled with high valuations in the stock market, and low interest rates in the bond market is not conducive to further above average returns.

Consider the following:

  • A U.S. only 60/40 portfolio has compounded at 10.5% over the last 10 years.
  • The CAPE ratio is at 30.9
  • The ten-year treasury is currently yielding 1.8%

...



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Insider Scoop

BofA Downgrades Wynn Resorts On Wuhan Coronavirus Concerns

Courtesy of Benzinga

After initially dismissing the potential impact of the Wuhan coronavirus on Macau gaming stocks, one Wall Street analyst downgraded Wynn Resorts, Limited (NASDAQ: WYNN) on Monday due to concerns over the virus’ potential impact on Macau travel.

The Analyst

Bank of America analyst Shaun Kelley downgraded Wyn...



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Chart School

Top Patterns for Retail Investors

Courtesy of Read the Ticker

Retail investors are last in line for market leading research, no matter, the retail investor can profit from these secret sauce patterns..

Well not so secret now, the main point is you do not have to climb Mount Everest to be called a mountain climber, there are many other hills to climb to make your mark. Just like stocks.

You do not have to battle with the high frequency traders to win in the markets, there are long and slow methods to do just as well.  

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Some charts from the video


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The Technical Traders

The Wuhan Wipeout - Could It Happen?

Courtesy of Technical Traders

News is traveling fast about the Corona Virus that originated in Wuhan, China. Two new confirmed cases in the US, one in Europe and hundreds in China. As we learn more about thispotential pandemic outbreak, we are learning that China did very little to contain this problem from the start. Now, quarantining two cities and trying to control the potential
outbreak, may become a futile effort.

In most of Asia, the Chinese New Year is already in full swing.  Hong Kong, China, Singapore, Malaysia, India and a host of other countries are already starting to celebrate the 7 to 10 day long New Year.  Millions of people have already traveled hundreds of thousands of miles to visit family...



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Kimble Charting Solutions

Bad News For Crude Oil Should Come From This Pattern, Says Joe Friday

Courtesy of Chris Kimble

It’s a good idea for investors to be aware of key indicators and inter-market relationships.

Perhaps it’s watching the US Dollar as an indicator for precious metals or emerging markets. Or watching interest rates for the economy. Experience, history, and relationships matter. And it’s good to simply add these to our tool-kit.

Today, we look at another relationship that has signaled numerous stock market tops and bottoms over the years, and especially the past several months, Crude Oil.

When crude oil tops or bottoms, it seems that ...



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Biotech

Snakes could be the original source of the new coronavirus outbreak in China

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

 

Snakes could be the original source of the new coronavirus outbreak in China

Chinese cobra (Naja atra) with hood spread. Briston/Wikimedia, CC BY-SA

Haitao Guo, University of Pittsburgh; Guangxiang “George” Luo, Univers...



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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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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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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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