Posts Tagged ‘SEPR’

NetApp option implied volatility jumps as call demand surfaces

Today’s tickers: NTAP, AXP, MOS, SEPR, GM, JNPR, ROK, VIX, TGT & TCK

NTAP NetApp, Inc. – Option implied volatility has skyrocketed from yesterday’s value of 56% to the current reading of 74% as merger fever has set its sights on the company. Shares have jumped more than 10% to $16.47 today, attracting many a bullish option trader hungry for some hot call action. Option volume has risen above 103,000 contracts on the day, with 3.65 calls traded for each put in action. The April 17.5 strike price saw some 10,700 calls purchased for 32 cents each while calls as high up as the April 22.5 strike were coveted for 5 cents per contract. More volume was seen building on the call side in the May contract with 9,100 calls bought at the May 17.5 strike for an average premium of 79 cents. Again, the most bullish traders selected the May 22.5 strike and picked up 3,700 calls for 16 cents apiece. Shares would need to continue to rally by 38% in order for the 22.5 strikes to land in-the-money by expiration. When looking for downside protection, investors clustered at the April 16 strike price and scooped up 7,400 puts at an average premium of 58 cents per contract.

AXP American Express Company – The global payments and travel company has enjoyed a 3.5% share price rally to $15.54 after it received an upgrade from Citigroup yesterday following Goldman Sachs’s decision to remove AXP from its ‘conviction sell’ list on Friday. Investor bullishness was apparent at the April 17 strike price where about 5,200 calls were purchased for an average of 20 cents apiece. Other optimists were observed picking up 1,000 calls at the April 19 strike price at a price of 5 cents per option contract. Volatility on the stock is on the rise, up from the low for the day of 82% to the current value of 89%.

MOS The Mosaic Company – The producer of potash and animal feed has made a comeback since this morning with its shares currently up 5% to $45.15 after having fallen 4% in pre-market trading. Shares started down due to disappointing third-quarter results, which revealed that profits declined dramatically to just 13 cents a share as compared with $1.17 per share one year ago. The company’s CEO, James T. Prokopanko, is looking for Mosaic’s financials to improve in the fourth quarter.…
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Patient XLF optimist targets January 2011 combination

Today’s tickers: XLF, DUK, DOW, GE, CX, GME, SEPR & ADBE

XLF – Financial Select Sector SPDR – Helping pummel the S&P index and continuing to sour the tone today is a 9.5% slump in the financial select sector ETF, which is now trading at $6.22 and as if we need to mention it, that’s a fresh lifetime low. In the front March contract there is heavy call volume at the 8.0 and 9.0 strikes, both trading to bid and ask illuminating a decidedly mixed picture. Catching our eye at the January 2011 strike is a curious bullish combination in which an investor appears to have created a ratio put spread at the 4.0 and 5.0 strikes in which twice as many puts were sold at the lower strike. Some 10,000 puts were sold at a premium of 96 cents while 5,000 were bought at the 5.0 strike for 1.51. The net premium creates downside losses starting at $3.45. The other leg of the trade appears much higher up on the call side where some 5,000 calls were paid for at the 20 line with a 21 cent premium. We’re assuming that this investor is pitching camp in the 2011 contract to help weather the financial storm in hopes that sunny days will prevail after the clouds dissipate leaving him well positioned for the inevitable rebound.

DUK – Duke Energy Corporation – The energy company experienced a 3% decline to $12.06, but did not deter bullish action by one investor in the April contract. At the 12.5 strike price, over 18,000 calls were purchased for an average price of 53 cents apiece. Perhaps this trader was taking advantage of falling call premiums given today’s share price decline. In order to profit from the trade shares will need to rally by 8% to the breakeven price of $13.03. Option implied volatility has surged from 37% earlier in the day to the present reading of 49.5%.

DOW – Dow Chemical Co. – Shares of the chemical manufacturer have declined 6.5% to $6.60, reaching a new 52-week low for the stock. We observed bearish option trades in play, the largest of which occurred at the March 5.0 strike price where 20,500 puts were purchased for 34 cents each. This investor is likely buying protection from further downside movement in shares, and it is likely that he is long the stock. The bearish picture…
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Zero Hedge

China Delivers Advanced Frigate To Pakistan Navy

Courtesy of ZeroHedge View original post here.

By Joe Saballa of The Defense Post

China has delivered a second Type 054A/P frigate to the Pakistan Navy, providing a further boost to Islamabad’s maritime defense.

Named the PNS Taimur, the frigate is reportedly equipped with cutting-edge weapons and sensors to support maritime surveillance and combat missions.

It also has the latest combat management and electronic warfare systems, making it suitable in multi-threat environments.

Commissioning Ceremony of ...



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Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold miners do well when gold is higher, and borrowing and gasoline costs are lower.

Lets start with a question: Why do governments own gold?

1) The need it to support their economy during an energy crisis. If their currency is collapsing oil producers will not take fiat for settlement, but they will accept gold.
2) While the US prints money the purchasing power of the US dollar is declining, hence gold is a hedge.

A particular market action which forces traders to move gold higher is when oil moves higher while the US dollar falls. This means the US dollar is losing purchasing power against oil, therefore gold will go higher as the demand for (1) above explodes. Some history, gold moved higher sharply in these years 2007, 2011, 2016, 2020. All ...

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ValueWalk

These Are The Ten Best-Performing Inverse Equity Funds

By Aman Jain. Originally published at ValueWalk.

Inverse funds are instruments that use various derivatives to benefit from the decline in the value of the underlying security. These funds could be of many types, such as those investing in debt, equity and more. In this article, we will be talking about Inverse Equity funds. These funds aim to generate returns that match an inverse fixed multiple of short-term returns of an equity index. Let’s take a look at the 10 best-performing Inverse Equity funds.

Ten Best-Performing Inverse Equity Funds

We have referred to the past one year return data (from money.usnews.com) of the ...



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Phil's Favorites

'A revolutionary ruling - and not just for abortion': A Supreme Court scholar explains the impact of Dobbs

 

‘A revolutionary ruling – and not just for abortion’: A Supreme Court scholar explains the impact of Dobbs

Anti-abortion protestors celebrate the overturning of Roe v. Wade outside the US Supreme Court on June 24. Olivier Douliery/AFP via Getty Images

Morgan Marietta, UMass Lowell

The Supreme Court’s decision to reverse 50 years of constitutional protection for the right to get an abortion is more than 200 pages long. ...



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Politics

'A revolutionary ruling - and not just for abortion': A Supreme Court scholar explains the impact of Dobbs

 

‘A revolutionary ruling – and not just for abortion’: A Supreme Court scholar explains the impact of Dobbs

Anti-abortion protestors celebrate the overturning of Roe v. Wade outside the US Supreme Court on June 24. Olivier Douliery/AFP via Getty Images

Morgan Marietta, UMass Lowell

The Supreme Court’s decision to reverse 50 years of constitutional protection for the right to get an abortion is more than 200 pages long. ...



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Kimble Charting Solutions

Oil Stocks Counter-Trend Rally Over Should Support Break, Says Joe Friday

Courtesy of Chris Kimble

For over 2 years, all crude oil prices did was go higher… and higher. And consumers have been feeling this pain as the gas pump.

Well, this month crude oil prices turned sharply lower joining the broad based commodities selloff. Could this be the start of a long awaited pullback? If so, oil related stocks and sectors would likely also turn lower.

It’s that day of the week, so let’s turn to Joe Friday for “The facts, Ma’am. Just the facts.”

Today’s chart is a long...



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Digital Currencies

Scams and cryptocurrency can go hand in hand - here's how they work and what to watch out for

 

Scams and cryptocurrency can go hand in hand – here’s how they work and what to watch out for

The anonymous nature of cryptocurrency transactions is ideal for con artists. seksan Mongkhonkhamsao/Moment via Getty Images

Courtesy of Yaniv Hanoch, University of Southampton and Stacey Wood, Scripps College

When one of our students told us they were going to drop out of college ...



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Biotech/COVID-19

At last, COVID-19 shots for little kids - 5 essential reads

 

At last, COVID-19 shots for little kids – 5 essential reads

Millions of U.S. children between the ages of 6 months and 4 years will soon be eligible for COVID-19 shots. FatCamera/E+ via Getty Images

Courtesy of Amanda Mascarelli, The Conversation

For many parents of kids under age 5, a safe and effective COVID-19 vaccine could not come soon enough. A full year and a half after shots first became available for adults, their wait is nearly over.

On June 17, 2022, the Food and Drug Administration ...



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Promotions

Phil: Be the House Not the Gambler at the Fintech Conference in Vegas

 

Phil gave an excellent, educational presentation called "Be the House Not the Gambler: Using Stock Options to Significantly Boost Your Portfolio Performance" at the FinTwit Conference hosted by Lupton Capital and Benzinga on May 14 in Las Vegas. The video is set to start playing at 5:30:45, when Phil takes the stage (but you can see previous presentations by backtracking).

AGENDA 
9:00 AM Opening Remarks with Jonah Lupton, Entrepreneur & Investor
9:05 AM Wagging the Dog: How to Profit From Derivative Driven Moves in the Market with Steven Place, Founder, Investingwithoptions.com
10:00 AM The MarketWebs & The Path of Least Resistance, Christian Fromhertz, CEO, The Tribeca Trade Group
10:55 AM Fireside Chat with Gareth Mann, Founder & CEO, AlphaStream & Spencer Israel, Executive Producer, Benzinga
11:25 AM Sponsor Pitch: Carolyn Bao, VP of Marke...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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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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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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