Posts Tagged ‘RAD’

Weekly Calls In Play On Boeing As Shares Soar To Record Highs

BA – Boeing Company – Trading in weekly call options on Boeing today suggests some traders are positioning for shares in the maker of the Dreamliner 787 to extend gains in the near term. Shares in BA, up roughly 75% since this time last year, increased 1.6% today to a fresh record high of $120.38.

More than 2,500 of the Sep 27 ’13 $119 strike call options changed hands during morning trading against zero open positions. It looks like most of the volume was purchased for an average premium of $1.72 each. Buyers of the $119 calls stand ready to profit should shares in Boeing rally above the average breakeven price of $120.72 by expiration next week. 

BBRY – BlackBerry Ltd. – Shares in the smartphone maker got off to a rocky start this morning, slipping 1.6% to $10.23 during the first thirty minutes of the session, but have since recovered to trade up 0.40% as of midday in New York.

Trading traffic in Oct 04 ’13 expiry put options today indicate at least one trader is bracing for the price of the underlying to dip sharply during the next few weeks. Around 3,000 of the Oct 04 ’13 $9.0 strike puts appear to have been purchased this morning for an average premium of $0.22 each. The bearish position makes money if shares in BlackBerry drop 14% from today’s low of $10.23 to trade below the breakeven point at $8.78 by expiration. 

RAD – Rite Aid
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Weekly Call And Put Options Change Hands On Intel

 

Today’s tickers: INTC, PGNX & RAD

INTC - Intel Corp. – Trading traffic in weekly call and put options on Intel Corp. this morning is mixed, with some positions looking for shares to move higher during the next five sessions, while others brace for the stock to head lower from here. Shares in the chip giant are down 1.25% on Friday to stand at $21.38 as of midday in New York. The most actively traded Mar. 22 ’13 expiry options as measured by volume are the $21 strike puts, as of the time of this writing, with volume in excess of 8,600 lots versus open interest of 20 contracts. It looks like most of the $21 weekly puts were purchased at an average premium of $0.10 apiece, thus positioning buyers to profit in the event that INTC shares decline 2.2% from the current price of $21.38 to breach the effective breakeven point on the downside at $20.90 by expiration. Meanwhile, traders itching for a rally in Intel’s shares next week snapped up call options across several striking prices. The Mar. 22 ’13 $21.5 strike calls are seeing the most volume, with 1,400 lots traded against open interest of 578 contracts. The bulk of the $21.5 strike calls appear to have been purchased at an average premium of $0.18 each. Traders long the calls stand ready to profit at expiration should shares in INTC increase 1.4% to top the average breakeven price of $21.68.

PGNX - Progenics Pharmaceuticals, Inc. – Shares in biotechnology company, Progenics Pharmaceuticals, are soaring on Friday, trading up more than 45% to touch a seven-month high of $4.94 in the early going after the company reported a narrower-than-expected fourth-quarter loss ahead of the opening bell. PGNX popped up on our ‘hot by options volume’ market scanner due to heavy trading in the May expiry puts. The most active contracts are the May $4.0 strike puts, with more than 5,100 lots in play versus open interest of 8 contracts. Volume in the $4.0 strike puts alone…
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Traders Sweet On Krispy Kreme Puts Ahead Of Earnings After The Close

 

Today’s tickers: KKD, GE & RAD

KKD - Krispy Kreme Doughnuts, Inc. – Options on Krispy Kreme are more active than usual on Thursday ahead of the company’s fourth-quarter earnings report after the final bell this afternoon. Shares in KKD slipped into negative territory earlier in the session, but have since reversed course to trade up 1.1% on the day at $15.12 as of 12:05 p.m. in New York. The doughnut maker’s shares, up nearly 60% year-to-date, have more than doubled since mid-November of 2012. Some options traders appear to be positioning for shares in Krispy Kreme to pullback after earnings. Bearish options are changing hands at the April $13 strike, with upwards of 1,800 puts in play versus open interest of 153 contracts. Time and sales data suggests much of the volume was purchased in the early going at a premium of $0.35 each. Put buyers stand ready to profit at expiration next month should shares in KKD drop 16% from the current price of $15.12 to breach the effective breakeven point on the downside at $12.65. Interest in the April $14 strike puts is on the rise as well today, with around 130 contracts purchased during morning trading at a premium of $0.60 apiece.

GE - General Electric Co. – Weekly calls in play on General Electric this morning predict shares in the name will rise to the highest level since October of 2008 during the next six trading sessions. GE shares, up better than 11% year-to-date, tacked on 0.90% today to trade at $23.70 by 11:10 a.m. ET. One or more traders anticipating fresh multi-year highs in GE’s shares in the near term appear to have purchased roughly 3,000 calls at the Mar. 22 ’13 $24 strike for an average premium of $0.10 per contract. The contracts may be profitable at expiration next week in the event that General Electric Co.’s shares rally another 1.7% over the current price of $23.70 to surpass the average breakeven point on the upside at $24.10. Call buyers may…
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Thrilling Thursday – Can We Make Another Billion Today?

Wheeeee!  

$1,129,860,000!  That’s how much money was made shorting 376,620 NYMEX contracts at $103 yesterday, as we planned!  Congratulations to those of you who got your share playing along with us and, to the manipulators who got stuck with the bill – screw you bastards, we have your number and we’re going to ring it now!  I called a cash-out at the $100 line in Member Chat as 2.9% was more of a drop than we expected in one day and we will re-load on the bounce as we cross back below the $100.50 line – as discussed in this morning’s Member Chat - assuming the Dollar has bottomed out at 74.35.

This isn’t complicated people – what’s the 2.5% line off of $103?  $100.425.  That’s where we’ll look for oil to consolidate but below that line we’ll be comfortable with our shorts again, looking for those next legs down to $98.88 (down 4%) and then $97.85, where we will once again look for a 20% retrace to $98.88 and then a nice short there when it fails.  So come on – you can play along at home – don’t miss out on making the next $1.129Bn!  

Meanwhile, what’s a 20% bounce off a $3 drop? 60 cents, right?  Where did oil bounce to in the futures?  $100.60?  This is not rocket science folks…  We teach these little tips to our Members every day at Philstockworld.  Sure you may find it disturbing that the chart we drew up (above) in early April is hit almost to the penny on the NYSE yesterday (2 months later) as it halted right on our red line – but that just shows us that Bots are running this market (as we keep telling you) and it also means that we can rely on our ranges and that makes it EASY to make good trading decisions.  

Also in Member Chat last night, I reviewed 8 short put ideas (bullish) that can net us over $3,000 in 15 days if we get a bounce and hold our "Must Hold" levels.  This is the nice thing about hedging – we make money on the way up OR on the way down and, when we are trading in a range – like we hopefully will this summer – then we make money both ways on a regular basis!  Let the market manipulators play their…
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Weekly Wrap-Up – 10,000 or Bust!

I think I was right on the money last week when I said:

The bar for corporate earnings is still set at very easy to beat levels yet, like this limbo-playing child, when they announce their beats of very low expectations we’re going to get all excited and tell them how great they are doing.  The problem is, these are not kids who we hope may grow up one day to be President or CEOs of major companies. these ARE CEOs of major companies and they are being paid top salaries for top performance and we, the stock purchasing public, are paying top dollar for what should be SPECTACULAR performance, not beating 75% off last year’s earnings by a penny! 

In that post, I rattled off a list of stocks that seemed overpriced to me: AMZN, BIDU, AM, PALM, NFLX, PCLN, URBN, UHS, CERN, CREE, GMCR, CY, SWM, TRLG, BKE and you would have had a fabulous week just shorting those stocks as only NFLX, URBN and CREE stayed positive.  Now most newsletter writers would quit right there and make a giant ad saying they were 12 for 15 on the week but, as our members know, THAT'S NO BIG DEAL AT PSW!  I'm just going to remind members that they can refer friends to FREE advice like that in our trial newsletter and earn 20% or more off their subscriptions for doing it. 

Picking stocks is easy but a few percent here and a few percent there isn't much fun is it?  On that list, the two we attacked were AMZN and BIDU, both of which ran (in our opinion) way too high AND had very liquid and very overpriced call options that we could sell to collect premiums.  AMZN is a staple short in our $100K Virtual Portfolio and we had set up BIDU the week before, selling Oct $420 calls for $8.30 and the Oct $430 calls for $7,20.  While both went higher on Monday, the fact that we had a plan for managing the trade kept us from panicking and, thankfully, Monday was the only day those positions gave us trouble and both finished the week worthless (100% profit for us). 

Adjusting our positions kept us busy this week as we STILL have a slightly bearish
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Weekly Wrap Up – Double Up or Double Top?

Not such a good week!

Last week was FANTASTIC and we had 28 winning trades out of 36 with an average gain of 42% on the winners and an average loss of 12% on the losers – now THAT's A GOOD WEEK.  We were stopped out of most of our bearish trades on Monday but we took a lot of new ones, which I'll get into later…  Of course, since we are rangish and play both ends, the good news is we still had our "losers" and puts that we sold on long positions and those turned into huge winners in just 5 days:

  • AA at $13.30, out at $15 -  up 12.7%
  • AAPL Jan $165 puts sold for $7.40, now $4.70 – up 36%
  • BAC Oct $17 puts sold for .97, now .28 – up 71%
  • DIA Nov $92 calls at $5.40, now $7.30 - up 35%
  • MHP 2011 $25 puts sold for $5.20, now 5.10 – up 2%
  • RIMM March $100 calls at $1.45, now $1.25, down 13.7%

So, of the 6 that were not working last week, 5 are winners this week.  As I mentioned at the end of last week's wrap up, we were more than satisfied with our 5% drop that week and we did expect a bit of a bounce but we made the mistake of thinking The 250 points we gained by Tuesday morning was the end of it, but here we are at the end of the week, another 100 points higher and right back where we started from when we shorted into the rally in mid September. 

Last weekend we were at a great point in our range as all our put plays had just paid off, this will be an interesting contrast as we have serious problems with our new short plays and we have a little less conviction than we had in mid September that we will get our correction – not after such a sharp turn off the 5% line this week.  Nonetheless, we did stay 55% bearish into the weekend overall – still playing for our range.  But, I'm getting ahead of myself, so let's go back to Monday and see how we got here….

Monday Market Manipulation – Goldman's


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Zero Hedge

Shocktober: Stocks Suffer Worst Pre-Election Plunge In History

Courtesy of ZeroHedge View original post here.

The Hunt for a Red October is over... must be the Russians...

Global stocks suffered their worst week since March as it appears the constant liquidity pukage is losing its impact...

Source: Bloomberg

And US stocks (down 6-7% across the board) also saw their biggest weekly drawdo...



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ValueWalk

Mixed Trick or Treat Bag for US Retailers this Halloween

By Refinitiv. Originally published at ValueWalk.

As a result of the coronavirus restraining normal activities, including traditional Halloween events, such as trick or treating and costume parties, retailers are feeling the pinch of a scary Halloween season.

Q3 2020 hedge fund letters, conferences and more

In collaboration with StyleSage, Refinitiv reviews this year’s Halloween discounts and consumer purchasing behavior in the report: It’s a Mixed Trick or Treat Bag at Hallowee...



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Kimble Charting Solutions

Are the S&P 500 Index and Crude Oil Peaking Together Again?

Courtesy of Chris Kimble

The price of crude oil has been an important indicator of the economy for quite some time. When oil is in demand and performing well, the economy likely is. And when oil is not performing well, the economy likely isn’t either.

Taking this one step further, it’s easy to see how crude oil can be a solid indicator of the stock market as well.

Often times, investors receive a bearish or bullish message from this relationship. In today’s chart 2-pack, we illustrate how the relationship between the S&P 500 Index and the ...



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Phil's Favorites

Despite Its Five Felony Counts, the Federal Reserve Has Entrusted $2 Trillion in Bonds to JPMorgan Chase

Courtesy of Pam Martens

Imagine that your neighbor across the street had been criminally charged with five felony counts for financial crimes in the past six years and admitted to committing each and every crime to the U.S. Department of Justice. Would you put one-third of all of your money in a safe, give that neighbor the combination, and ask him to hold the safe in his house for you? You would probably be suited up for a straight jacket if you did something like that.

That’s effectively what the Federal Reserve, the central bank of the United States, has done when it comes to JPMorgan Chase. As of this past Wednesday, the Fed ...



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Biotech/COVID-19

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

 

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

Under relaxed public health restrictions, deaths will spike far before herd immunity is achieved. AP Photo/Mark Lennihan

Courtesy of Steven Albert, University of Pittsburgh

White House advisers have made the case recently for a “natural” approach to herd immunity as a way to reduce the need for ...



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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: Monday, 18 May 2020, 03:35:21 AM

Click for popup. Clear your browser cache if image is not showing.


Comment: Ooh so pretty, so pretty, ooh so!



Date Found: Thursday, 21 May 2020, 01:03:17 AM

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Comment: Charlie Lee: All Things Litecoin (#MimbleWimble, ...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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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

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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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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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.