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

Las Vegas Isn't The Only "Sin City" In America

Courtesy of ZeroHedge View original post here.

Authored by Adam McCann via WalletHub.com,

Las Vegas isn’t the only “Sin City” in America.

In other cities, bad things happen and stay there, too. From beer-loving Milwaukee to hedonistic New Orleans, the U.S. is filled with people behaving illicitly. No place is innocent. We all have demons...

Source: ...

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Phil's Favorites

Billionaires Are Licking Their Chops Over Distressed U.S. Oil And Gas Assets

Courtesy of ZeroHedge

Like the vultures Elizabeth Warren claims they are, billionaires are now circling over the soon-to-be dead corpses of companies in the U.S. oil and gas patch, as they look to pick up assets on the cheap.

This comes at the same time that the volatility (read: decimation) of the oil and gas industry has scared off many other investors, according to Bloomberg

Names like Sam Zell, Tom Barrack Jr., and Jerry Jones are all being tossed around as investors who are looking at distressed assets. Zell has teamed up with Barrack Jr. to look at oil assets in California, Colorado and Texas. Jones' company...



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Kimble Charting Solutions

New York Stock Exchange Double Topping or Sending A Strong Bullish Message?

Courtesy of Chris Kimble

A very broad index is testing last year’s highs, as monthly momentum is creating lower highs? Which indicator is more important, price or momentum?

This chart looks at the New York Stock Exchange Index (NYSE) on a monthly basis over the past 15-years.

The index peaked in January of 2018, as momentum was the highest since the peak in 2007.

The rally off the lows around Christmas last year, has the index testing the highs of January 2018. While the rally has taken place over the past 12-months, lofty momentum has created a series of lower highs.

Can you believe th...



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Insider Scoop

10 Biggest Price Target Changes For Tuesday

Courtesy of Benzinga

  • UBS raised AbbVie Inc (NYSE: ABBV) price target from $79 to $96. AbbVie shares closed at $88.73 on Monday.
  • JP Morgan lowered the price target for Intelsat SA (NYSE: I) from $22 to $9. Intelsat shares closed at $8.03 on Monday.
  • DA Davidson boosted the price target on Okta Inc (NASDAQ: OKTA) from $131 to $135. Okta closed at $121.15 on Monday.
  • Stifel lifted the price target for Leggett & Platt, Inc. (NYSE: ...


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Lee's Free Thinking

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

 

NY Department of Welfare Announces Increased Subsidies for Primary Dealers, Thank God!

Courtesy of , Wall Street Examiner

Here’s today’s press release (11/14/19) from the NY Fed verbatim. They’ve announced that they will be making special holiday welfare payments to the Primary Dealers this Christmas season. I have highlighted the relevant text.

The Open Market Trading Desk (the Desk) at the Federal Reserve Bank of New York has released the schedule of repurchase agreement (repo)...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

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

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Chart School

Dow Jones cycle update and are we there yet?

Courtesy of Read the Ticker

Today the Dow and the SP500 are making new all time highs. However all long and strong bull markets end on a new all time high. Today no one knows how many new all time highs are to go, maybe 1 or 100+ more to go, who knows! So are we there yet?

readtheticker.com combine market tools from Richard Wyckoff, Jim Hurst and William Gann to understand and forecast price action. In concept terms (in order), demand and supply, market cycles, and time to price analysis. 

Cycle are excellent to understand the wider picture, after all markets do not move in a straight line and bear markets do follow bull markets. 



CHART 1: The Dow Jones Industrial average with the 900 period cycle.

A) Red Cycle:...

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Digital Currencies

Is Bitcoin a Macro Asset?

 

Is Bitcoin a Macro Asset?

Courtesy of 

As part of Coindesk’s popup podcast series centered around today’s Invest conference, I answered a few questions for Nolan Bauerly about Bitcoin from a wealth management perspective. I decided in December of 2017 that investing directly into crypto currencies was unnecessary and not a good use of a portfolio’s allocation slots. I remain in this posture today but I am openminded about how this may change in the future.

You can listen to this short exchange below:

...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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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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Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

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