Posts Tagged ‘SHFL’

Green Mountain Weekly Options Heat Up As Shares Climb

 

Today’s tickers: GMCR, INTC & SHFL

GMCR - Green Mountain Coffee Roasters, Inc. – Weekly options on the specialty coffee company and provider of Keurig single-cup brewing systems are active this morning with shares in Green Mountain up nearly 10% in the first half of the session to touch $30.49, the highest the shares have traded since May. Green Mountain’s shares are moving higher for a third consecutive session, having rallied sharply last week, and some options traders appear to be positioning for the price of the underlying to extend gains this week. Bullish bets are on the rise at the Sep. 14 ’12 $29 and $30 strikes, the two highest strike prices currently available in GMCR weekly options. Traders exchanged upwards of 1,100 in-the-money calls at the $29 strike, and appear to have purchased most of the volume for an average premium of $1.28 apiece. Weekly call volume is heaviest up at the $30 strike where more than 2,200 lots changed hands against open interest of 817 contracts. It looks like most of the $30 calls were purchased this morning for an average premium of $0.91 each. Traders long the $30 calls may profit at expiration in the event Green Mountain’s shares settle above the average breakeven price of $30.91. Shares in the seller of K-cups are still down nearly 75% since this time last year. Overall options volume on GMCR is greater than usual, with 60,000 contracts in play as of midday in New York versus the stock’s average daily options volume of around 18,500 contracts.

INTC - Intel Corp. – Shares in chip giant, Intel Corp., are getting hit today on concerns the company may need further cuts to guidance following Friday’s downward revision to its third-quarter revenue forecast. The stock is down 3.3% this afternoon to stand at $23.40 as of 12:30 p.m. ET, adding to a more than 4% drop in the price of the underlying on Friday. Trading traffic…
continue reading


Tags: , ,




XLB Puts In Demand As Materials Stocks Selloff

 

Today’s tickers: XLB, SHFL & HNR

XLB - Materials Select Sector SPDR ETF – U.S. equities are in retreat today after data showing Europe’s economy contracted in the fourth quarter sparked global growth concerns. Shares in the XLB, an exchange-traded fund that tracks the performance of the Materials Select Sector Index, are down 2.2% this morning at $35.89, with all 30 stocks represented in the fund on the decline just before midday in New York. Materials stocks are among those getting hit hardest as the major averages slump to session lows. A large block of put options in play on the XLB may mean one strategist is prepared for the pullback to continue. The purchase of a block of 30,850 puts at the April $35 strike for a premium of $0.92 each may be an outright bearish stance that benefits from an additional 5.0% correction in the sector. In this case, the put buyer starts making money on the position if the price of the underlying pulls back beneath the effective breakeven price of $34.08 by expiration. Alternatively, the trader may be hedging a long position in the underlying shares, protecting against further bearish movement in the ETF through April expiration, while maintaining upside exposure should growth concerns abate. Shares in the ETF are still up more than 10% since mid-December, the trader could be locking in gains, hedging additional turbulence in the near term, under the view that equities will get back on track this spring.

SHFL - Shuffle Master, Inc. – The maker of gaming-entertainment products and technologies popped up on our scanners this morning with call options a-buzz following the release of better-than-expected first-quarter earnings after the close on Monday. Shares today jumped 20.0% to an intraday high of $17.49. More than 3,350 contracts have…
continue reading


Tags: , ,




Option Implied Volatility on JPM at Lowest Level Since Oct. 2007 Following Q4 Earnings

Today’s tickers: JPM, MNKD, CHK, BIDU, PFE, FXE, AA, SHFL, IBB & INTC

JPM – JPMorgan Chase & Co. – Profit-taking measures employed on the banking institution today show keen foresight by one investor who walked away from the table today with a nice chunk of change in his pocket. Shares of JPMorgan are currently trading 1.80% lower this afternoon to $43.89 even though the firm posted fourth-quarter earnings of $0.40 per share, which exceeded average analyst expectations by a margin of $0.13 a share. It looks like the investor banked gains on a previously established short put position in the February contract today by buying back the contracts at a discounted premium. The trader originally sold 20,000 puts at the February $42 strike for an average premium of $1.02 per contract this past Wednesday January 13, 2010. Today the same individual appears to have purchased-to-close the position by paying a lesser premium of $0.67 per contract. Net proceeds on the transaction amount to $0.35 apiece. The decline in shares of the underlying today certainly cut into the trader’s available profit, but the significant reduction in option implied volatility perhaps benefited the investor by weighing down option premiums. Option implied is 17.94% lower to stand at 25.13% – the lowest level since October of 2007 – as of 2:45 pm (EDT).

MNKD – MannKind Corp. – Shares of the biopharmaceutical company increased 7% in the first half of the trading day, but reversed direction in afternoon trading, falling 2.5% to stand at $10.10. Options activity in the May contract indicates lower volatility in the price of the underlying through expiration. It appears one investor initiated a short straddle play on the stock by selling 5,000 calls at the May $10 strike for a premium of $2.41 apiece, in combination with the sale of 5,000 puts at the same strike for $3.22 each. The straddle-seller pockets a gross premium of $5.63 per contract, which he keeps if MNKD’s shares settle at $10.00 by expiration. The transaction could be the work of an investor selling volatility. Implied volatility is currently up 8.4% to 122.16% with 90 minutes remaining in the session. The investor need not hold the short straddle through expiration in order to profit. Perhaps the trader is looking for a reduction in option implied volatility, which would likely result in lower premiums on both the calls and the puts. Lower…
continue reading


Tags: , , , , , , , , ,




 
 
 

Phil's Favorites

Passive Products and Active Users

 

Passive Products and Active Users

Courtesy of 

The 20 largest ETFs have $1.556 trillion in assets. While the indexes they track are passive, their users are anything but. Over the previous twelve months, the total trading volume in these products was a whopping $11.529 trillion.

A recent paper from ...



more from Ilene

Insider Scoop

10 Stocks To Watch For October 17, 2019

Courtesy of Benzinga

Some of the stocks that may grab investor focus today are:

  • Wall Street expects Morgan Stanley (NYSE: MS) to report quarterly earnings at $1.13 per share on revenue of $9.70 billion before the opening bell. Morgan Stanley shares rose 0.9% to $43.19 in after-hours trading.
  • Analysts expect Intuitive Surgical, Inc. (NASDAQ: ISRG) ...


http://www.insidercow.com/ more from Insider

Zero Hedge

In The Fed, We Trust?!

Courtesy of ZeroHedge View original post here.

Authored by Michael Lebowitz and Jack Scott via RealInvestmentAdvice.com,

Part one of this article can be found HERE.

President Trump recently nominated Judy Shelton to fill an open seat on the Federal Reserve Board. She was recently quoted by the Washington Post as follows:

“(I) would lower rates as fast, as efficiently, and as expeditiously...



more from Tyler

The Technical Traders

Market Trend Change Triggered Today

Courtesy of Technical Traders

CLICK HERE TO GET REAL TIME TRADE ALERTS!

...

more from Tech. Traders

Kimble Charting Solutions

High Times Going To Return For Pot Stocks?

Courtesy of Chris Kimble

High times for pot stocks do not come to mind when looking at this 6-pack!

On average, these stocks have declined nearly 50% since recent highs.

Are pot stocks about to experience “High Times” again?

The large declines since recent highs has each of these stocks testing support at each (1).

If the pot stocks are to move higher, these key support lines need to hold.

Out of these six stocks, ABBV is reflecting relative strength to the others, as it has been moving higher off support the past 60-days.

...

more from Kimble C.S.

Chart School

Review of Andrew CardWell RSI with Wyckoff price waves

Courtesy of Read the Ticker

RSI measures relative strength of price action of a set period versus prior set periods. It helps review the price swings or waves, the power of each price thrust into new ground, or lack of it. Price thrust like many things relies on energy, and energy is not a constant, it has a birth, a life and a death and relative strength helps us see that cycle. 

More from RTT Tv






Chart in video

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



...

more from Chart School

Digital Currencies

Zuck Delays Libra Launch Date Due To Issues "Sensitive To Society"

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Facebook is taking a much more careful approach to Libra than its previous projects, CEO Mark Zuckerberg has confirmed. 

“Obviously we want to move forward at some point soon [and] not have this take many years to roll out,” he said. “But ...



more from Bitcoin

Lee's Free Thinking

Look Out Bears! Fed New QE Now Up to $165 Billion

Courtesy of Lee Adler

I have been warning for months that the Fed would need new QE to counter the impact of massive waves of Treasury supply. I thought that that would come later, rather than sooner. Sorry folks, wrong about that. The NY Fed announced another round of new TOMO (Temporary Open Market Operations) today.

In addition to the $75 billion in overnight repos that the Fed issued and has been rolling over since Tuesday, next week the Fed will issue another $90 billion. They’ll come in the form of three $30 billion, 14 day repos to be offered next week.

That brings the new Fed QE to a total of $165 billion. Even in the worst days of the financial crisis, I can’t remember the Fed ballooning its balance sheet by $165 bi...



more from Lee

Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



more from Biotech

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.

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...



more from Our Members

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

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




About Ilene:

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.

Market Shadows >>