Posts Tagged ‘rfmd’

Estee Lauder Options Rosy On Stock’s Performance Near Term

Options brief will resume April 8, 2013.

Today’s tickers: EL, RFMD & AVGO

EL - Estee Lauder Cos., Inc. – Options changing hands on Estee Lauder today look for shares in the maker of skincare products, makeup and fragrances to post attractive gains in the near term. Shares in the provider of high quality products sold under brand names that include Bobbi Brown, La Mer, and Clinique, are up slightly today, trading 0.25% higher on the session at $65.04 as of 11:55 a.m. ET. The stock has rallied approximately 8% since the start of 2013. Overall options volume on Estee Lauder is running at roughly three times the stock’s average daily volume as of midday in New York, with upwards of 3,200 contracts traded. Most of the action is in the May $65 strike call, where around 2,400 calls changed hands versus open interest of 805 contracts. It looks like most of the $65 calls were purchased this morning for an average premium of $2.35 apiece. The bullish strategy pays off at expiration if shares in EL rally another 3.5% over the current price of $65.04 to surpass the breakeven point at $67.35. Call buyers may be looking to benefit from a pop in Estee Lauder’s shares following the company’s third-quarter earnings report on May 2nd.

RFMD - RF Micro Devices, Inc. – Bearish activity in RF Micro Devices options this morning suggests one trader is bracing for shares in the name to potentially decline substantially during the next six weeks. The stock has moved higher in recent months, up more than 10% year to date. Shares today are down 0.60% at $5.10 as of 12:10 p.m. ET. May expiry put buying on RFMD may be looking for the stock to pullback following the company’s fourth-quarter earnings report later this month. Upwards of 6,600 puts were purchased at the May $5.0 strike at a premium of $0.35 each during the first hour of the trading session. The bearish stance on RF Micro Devices makes money at expiration if shares…
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Call Volume Pops At Halcon Resources

 

Today’s tickers: HK, ZMH & RFMD

HK - Halcon Resources Corp. – Shares in energy company, Halcon Resources, rallied more than 6.0% to an intraday high of $7.74 on Tuesday morning, sparking heavy trading traffic in upside call options on the stock. Bursts of heavy call buying on the stock earlier in the session suggests one or more options traders are positioning for shares in Halcon to increase sharply in the near and long term. Traders looking for shares in HK to potentially rally to the highest level since September of 2012 by May expiration snapped up around 2,300 calls at the May $8.0 strike for an average premium of $0.36 each. The company is scheduled to report first-quarter earnings during the first full week in May. Bulls looked to October expiry calls, as well. It looks like traders picked up around 700 calls at the Oct. $9.0 strike for an average premium of $0.65 each, and purchased 1,100 call options at the Oct. $10 strike at an average premium of $0.47 apiece. Buyers of the October expiry $10 strike calls may profit at expiration in the event that Halcon’s shares surge 35% to top the average breakeven price $10.47. The most heavily traded contracts on HK on Tuesday morning were the Jan. 2015 $12 strike calls, which traded upwards of 22,000 times against open interest of 2,607 contracts. Trading in the $12 strike calls appears to be mixed, with the bulk of the contracts changing hands at $1.10 each. Strategists purchasing $12 strike calls on Halcon may profit at expiration in January of 2015 should shares in the energy company gain roughly 70% to trade above $13.10.

ZMH - Zimmer Holdings, Inc. – Options changing hands on the maker of knee and hip replacement products are looking for shares in Zimmer Holdings, Inc. to potentially decline during the next few weeks. Shares in ZMH are up 1.0% on Tuesday morning to stand at $73.45 as of 11:10 a.m. ET. The most actively traded contracts as measured by…
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Options Volume Pops At VeriFone As Shares Take A Dive

 

Today’s tickers: PAY, RFMD & SWKS

PAY - VeriFone Systems, Inc. – VeriFone’s lower-than-expected forecast for second-quarter earnings sent shares in the provider of electronic payment systems down nearly 40% to the lowest level since July 2010 on Thursday morning, and drove options volume on the stock to roughly four times its daily average by 11:35 a.m. ET. The total number of call and put options in play on VeriFone this morning at last check tops 24,400 contracts versus the stock’s average daily volume of around 6,100 contracts. Analysts at Deutsche Bank, Raymond James, Citi, JPMorgan and Piper Jaffray downgraded and/or lowered price targets on the stock today. Trading traffic in PAY call options suggests some contrarian traders are positioning for shares to potentially rebound somewhat in the near term. Options traders nibbling at upside calls picked up around 600 lots at the Mar. $22 strike for an average premium of $0.55 apiece in the early going. Call buyers may profit at expiration next month in the event that VeriFone shares jump 16% off today’s low of $19.43 to exceed the average breakeven price of $22.55. Around 360 calls were purchased at the higher Mar. $23 strike at an average premium of $0.29 apiece, as well. Meanwhile, hefty paper profits may be available for one strategist who appears to have sold around 500 Mar. $34 strike calls on Wednesday afternoon ahead of today’s selloff. Time and sales data indicates the call options were sold at a premium of $1.05 apiece yesterday, contracts that can now be bought back at just $0.05 each.

RFMD - RF Micro Devices, Inc. – Bearish options are changing hands on the semiconductor components manufacturer today, with shares in RF Micro Devices tumbling on a downgrade to ‘Market Perform’ from ‘Outperform’ at Raymond James on concerns of increased competition from Qualcomm, amid a down day for U.S. stocks across the board. Shares in RF Micro Devices are down more than 13% as of midday in New York to stand at $4.49. Traders positioning for…
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Traders Hop Into BNNY Puts after Frozen Pizza Recall Sends Shares Lower

 

Today’s tickers: BNNY, LSI & RFMD

BNNY - Annie’s, Inc. – Organic and natural food products provider, Annie’s, is taking it on the chin today after the company voluntarily recalled Annie’s Homegrown Frozen Pizza. The recall, initiated as a precautionary measure “due to the possible presence of fragments of flexible metal mesh caused by a faulty screen at a third-party flour mill”, according to a press release issued yesterday, spooked investors and sent shares in the name down nearly 14% after-hours to as low as $33.20. BNNY shares are currently off their lowest levelsbut remain firmly in negative territory, down 5.4% on the session to stand at $36.40 as of 11:10 a.m. ET on Wednesday morning. Options traders bracing for shares in Annie’s to potentially weaken further in the near term snapped up bearish puts on the stock. The Feb. $35 strike puts are the most actively traded contracts, with volume approaching 480 lots versus previously existing open interest of 32 contracts. Time and sales data indicates most of the puts were purchased for an average premium of $1.00 apiece. Put buyers may profit at February expiration in the event that BNNY shares decline 6.6% from the current price of $36.40 to breach the breakeven point on the downside at $34.00. The company is scheduled to report third-quarter earnings next week.

LSI - LSI Corp. – Upside call options on the maker of semiconductors and software are active this morning ahead of the company’s fourth-quarter earnings report after the closing bell. Shares in LSI Corp. are up 0.40% on the day at $7.33 as of 11:30 a.m. ET. The bulk of the volume in LSI options changed hands at the Feb. $7.0 strike, where upwards of 3,300 in-the-money calls traded against open interest of 1,512 contracts. It looks like most of the calls were purchased during the first few minutes of the trading session at an average premium of $0.60 apiece. Call buyers stand ready to profit at expiration should the price of the underlying climb 2.6% to top the average breakeven price of $7.60. The…
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RF Semi Stocks Back in Institutional Favor – Upgrades for RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT)

RF Semi Stocks Back in Institutional Favor – Upgrades for RF Micro Devices (RFMD) and TriQuint Semiconductor (TQNT)

Courtesy of Trader Mark at Fund My Mutual Fund

We mentioned Skyworks Solutions (SWKS) had broken out yesterday but its peers were still under resistance levels.  That is no longer an issue as both TriQuint Semiconductor (TQNT) and RF Micro Devices (RFMD) received upgrades today and the computers are rushing in as technical resistance has been blasted through.  This still remains one of my favorite spaces for the move into the smart phone culture, along with a backdoor play on the smart grid.

Unfortunately, the moves have been so dramatic the age old question of "chase or not to chase" is upon us.  In this market it’s not a hard question – you chase everything.
 


 
 

 

RFMD

  • RF Micro Devices (RFMD) are trading higher this morning after UBS analyst Uche Orji raised his rating on the mobile phone chip maker to Buy from Neutral; he keeps his $5.50 price target.
  • Orji cites three reasons for the more bullish stance:
  •  
  • With an improving balance sheet, risk profile has improved.
  • New products for the handset and other markets should drive margins, revenue higher.
  • Current P/E at 10.6x next 12 months looks attractive given 5-year average of about 18x.
  • He writes in a research note that checks from the handset food chain indicate continued strong demand with no signs of inventory build.

TQNT

  • TriQuint Semiconductor (TQNT) shares are on the rise this morning after Pacific Crest analyst Nathan Johnsen lifted his rating on the chip company’s stock to Outperform from Sector Perform, setting a price target of $7. Yesterday, the stock closed at $5.67.
  • “Recent meetings with TriQuint management have allowed us to more fully appreciate the potential opportunities for TriQuint’s networks business in 2010,” he writes. While the company’s handset business remains a risk given expected pricing pressures, he thinks that the networks segment could be an offset.
  • Johnsen upped his 2010 EPS estimate to 49 cents, from 39 cents; he’s now in line with the Street.
  • The analyst contends that with TriQuint trading at 11.6x his 2010 forecast, the stock is undervalued.

No positions but mulling.

 


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Zero Hedge

"Goodbye, Mr. Bond" - Sir Sean Connery Dies At 90

Courtesy of ZeroHedge View original post here.

Sir Sean Connery, the celebrated Scottish actor who will forever be associated with James Bond, the MI6 agent also known as "007" whom he portrayed in 7 films, has died. He was 90

With roguish charm and sophistication, Connery inaugurated the long-running James Bond franchise with 1962’s Dr. No and remained the prototypical "Bond" for decades, even - for many - until this very day.

Thomas Sean Connery was born in the Fountainbridge area of Edinburgh on Aug. ...



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Phil's Favorites

A history lesson for 2020's new traders

 

A history lesson for 2020’s new traders

Courtesy of 

On this episode Josh explains why we’re facing three worst case scenarios all at once, how markets are reacting and why the vaccine is the only thing that matters.

Plus, many of today’s new traders seem to not understand what has happened to prior generations of new traders. A brief history of daytrading – from the Turtle Traders to the SOES Bandits – seems to be in order.

...

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ValueWalk

Why Investors Should Ignore Next Week's Election

By Mauldin Economics. Originally published at ValueWalk.

The biggest presidential election of our lifetimes is just around the corner. And if you watch cable news, you may feel like the fate of everything hangs in the balance, from our environment to our economy to our health.

Q3 2020 hedge fund letters, conferences and more

But as I’ll show you today, the presidential election has almost zero impact on my stock picking process. That may surprise you. You may even think I’m foolish for ignoring the election. But here’s the thing: politics and investing don’t...



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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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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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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.
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  • 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

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Feb. 26, 1pm EST

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

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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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