Posts Tagged ‘PRGO’

Pre-Earnings Report Call Spreader Sees Perrigo Co. Rally Ahead

     Today’s tickers: PRGO, BPL, CLH & CHS

PRGO - Perrigo Co. – Shares in global healthcare supplier Perrigo Company may rise substantially in the next few weeks, according to one options player initiating a debit call spread on the stock this morning. The manufacturer of OTC and generic prescription pharmaceuticals as well as nutritional and medical diagnostic products reports fourth-quarter earnings ahead of the open on August 16. Shares in Perrigo are currently up 0.55% to stand at $86.24 as of 12:45 pm in New York. It looks like the bullish strategist picked up 1,500 in-the-money calls at the August $85 strike for a premium of $2.58 each, and sold the same number of calls up at the August $95 strike at a premium of $0.23 apiece. Net premium paid to initiate the spread amounts to $2.35 per contract, thus positioning the trader to profit should shares in PRGO rally 1.3% to surpass the effective breakeven price of $87.35 at August expiration. The call-spreader could walk away with maximum potential profits of $7.65 per contract in the event that Perrigo’s shares surge 10.2% to a new all-time high of $95.00 by expiration day. PRGO’s shares hit their current record-high of $94.61 on July 21.

BPL - Buckeye Partners, L.P. – Put options on Houston, TX-based pipeline operator, Buckeye Partners, are in demand this afternoon, with shares in the name trading slightly lower by 0.45% to arrive at $63.46 just before 1:00 pm on the East Coast. The provider of transportation, terminalling and storage of petroleum products is scheduled to report second-quarter results before the market opens on Friday. Investors expecting shares in Buckeye pull back purchased nearly 1,500 puts at the September $60 strike for an average premium of $1.27 per contract. It looks like most of the volume was generated by one investor buying 1,300 of the contracts at $1.25 a-pop. The trader may be hedging a long position in the underlying, or could be taking an outright bearish stance on the stock. Profits are…
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Regional Banking ETF Put Volume Pops During Afternoon Trading

 Today’s tickers: KRE, CPN, PRGO, FITB, DPS, SMH & M

KRE - SPDR KBW Regional Banking ETF – A large-volume debit put spread initiated on the SPDR KBW Regional Banking ETF this afternoon suggests one options investor is wary that the significant run up in the price of the underlying fund since the start of December could reverse course next year. Shares of the KRE, an exchange-traded fund that tracks the performance of the KBW Regional Banking Index, are up slightly by 0.10% to trade at $25.18 as of 3:30pm. The strategist responsible for the put spread may be building up downside protection, or alternatively, could be taking an outright bearish stance on the regional banking sector through March 2011. Shares in the fund rallied 14.25% during December so far to reach a 6-month high of $25.59 this past Wednesday. The put-spreader picked up 19,000 put options at the March 2011 $24 strike for a premium of $0.81 each, and sold the same number of puts at the lower March 2011 $20 strike at a premium of $0.16 apiece. Net premium paid to initiate the spread amounts to $0.65 per contract. Thus, the investor is prepared to make money, or realize downside protection, if shares of the KRE fall 7.3% from the current price of $25.18 to breach the effective breakeven point on the spread at $23.35 by March 2011 expiration. Maximum potential profits of $3.35 per contract are available to the put-spreader should shares of the underlying fund plummet 20.6% lower to trade below $20.00 by expiration day next year. The fund’s shares have not traded below $20.00 in more than a year.

CPN - Calpine Corp. – A large chunk of call options were picked up on Calpine Corp. late in session by a bullish strategist positioning for shares to rally substantially ahead of January 2011 expiration. Shares of the independent power generation company are up 2.6% this afternoon to stand at $13.22 in the final hour of the trading week. Calpine was recently…
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Options Player Eyes ING Upside Potential, Employs Bullish Ratio risk reversal

 Today’s tickers: ING, TMRK, BA, JPM, PRGO, ADP & CPB

ING - ING Groep N.V. – The Amsterdam-based financial services firm popped up on our scanners in the second half of the trading session after one bullish options trader populated the April 2011 contract with a bullish ratio risk reversal strategy. ING’s shares are up 3.35% to trade at $11.14 as of 2:35 pm in New York. The investor utilized 10,800 option contracts to take a bullish stance on the stock, which is sizeable in relation to the 15,233 lots of overall previously existing open interest. The trader sold 3,600 puts at the April 2011 $11 strike at a premium of $1.20 each in order to buy 7,200 calls at the higher April 2011 $13 strike for a premium of $0.55 apiece. The bullish player pockets a net credit of $0.10 per contract on the transaction, and keeps the full amount of premium received as long as ING’s shares exceed $11.00 through April expiration. Additional profits start to accumulate if the price of the underlying stock jumps 16.7% over the current price of $11.14 to surpass the effective breakeven point at $13.00 by expiration day. Shares in ING Groep last traded above $13.00 back on November 24, 2009. ING is slated to report third-quarter earnings ahead of the opening bell on November 10, 2010. The overall reading of options implied volatility on ING is down 4.8% to stand at 39.89% as of 2:45 pm.

TMRK - Terremark Worldwide, Inc. – Shares of the provider of managed IT infrastructure services shot up as much as 13.9% during the session to hit an intraday- and new 52-week high of $11.12. Terremark posted a narrower-than-expected second-quarter loss of $0.12 per share yesterday evening and raised its fiscal 2011 sales view and guidance for the third quarter. The sharp rally in the price of the underlying shares and the firm’s improved outlook going forward inspired one cautiously optimistic options strategist to initiate a delta neutral hedge. It looks like the…
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Zero Hedge

Gen Z Will Ditch Alcohol To Become The "Ultimate" Marijuana Consuming Generation

Courtesy of ZeroHedge. View original post here.

America's newest generation is growing up in a marijuana environment that is unlike anything ever seen in the U.S.

Generation Z has never experienced an era where marijuana was looked upon as a "scourge", or the source of extreme political ire - instead, they have only known an era where cannabis is being relentlessly pushed toward acceptance and legality. In fact, California voted to legalize medical marijuana in 1996, just one year before the eldest Generation Z consumers were born, ...



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Phil's Favorites

How Does this Happen?

 

How Does this Happen?

Courtesy of 

Apple has added $286 billion in market capitalization over the past 73 trading sessions. That’s $10 million every minute.

There are only 11 companies in the United States with a higher valuation than what Apple managed to tack on since January 3rd.

The biggest stock in the world gained 43% in under four months. How does something like this happen?

This question is a Rorschach test of sorts. Some people will see this and scoff at the idea that m...



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Insider Scoop

Uber To Sell Minority Stake Of Its Autonomous Vehicle Unit To Japanese Consortium

Courtesy of Benzinga.

Uber Technologies is planning to sell a 14 percent stake in its autonomous vehicle unit to existing investor Softbank, Japanese automaker Toyota, and auto parts manufacturer Denso ahead of its much-anticipated initial public offering (IPO), which is expected to happen in May. Though...



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Digital Currencies

5 Cryptocurrency Tax Questions To Ask On April 15th

Courtesy of ZeroHedge. View original post here.

Authored by David Kemmerer via CoinTelegraph.com,

Depending on what country you live in, your cryptocurrency will be subject to different tax rules. The questions below address implications within the United States, but similar issues arise around the world. As always, check with a local tax professional to assess your own particular tax situation.

...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker.

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Thursday, 18 October 2018, 05:33:01 PM

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Comment: Why The Stock Market Is Heading For Disaster youtu.be/Gubf0A5pHL0



Date Found: Monday, 29 October 2018, 12:55:07 PM

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Comment: Ross Beaty: We Are Star...



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Kimble Charting Solutions

Silver Bear Market Faces Big Price Support Test!

Courtesy of Chris Kimble.

When silver, gold, and the precious metals industry were red-hot bullish in the 2000’s, investors could do no wrong.

You could buy SILVER at just about any price and it would go higher.

In today’s chart, you can see three large green bullish ascending triangles from the 2000’s that lead to big gains. But that was the bull market before the current bear market.

The tables have turned since the 2011 price top. Silver quickly formed a bearish descending triangle and fell another 50 percent when that broke down. This sent a vicious bear mark...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

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

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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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

Free eBook - "My Top Strategies for 2017"

 

 

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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.

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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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