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: , , , , , , , , ,




 
 
 

Zero Hedge

Former Intel Chief Pushing To Move 2022 Beijing Olympics "On National Security Grounds"

Courtesy of ZeroHedge View original post here.

President Trump's final director of national intelligence during the last months of the administration is a well-known China hawk who previously dubbed China "National Security Threat No. 1". This week John Ratcliffe is garnering new attention for urging the IOC to move the 2022 Winter Olympics from Beijing.

Former DNI Ratcliffe told Axios that the Chinese Com...



more from Tyler

Phil's Favorites

What are dark patterns? An online media expert explains

 

What are dark patterns? An online media expert explains

It’s not you; many e-commerce websites are difficult to use by design. fizkes/iStock via Getty Images

Courtesy of Jasmine McNealy, University of Florida

Dark patterns are design elements that deliberately obscure, mislead, coerce and/or deceive website visitors into making unintended and possibly harmful choices.

Dark patterns can be found in many kinds of sites and are used ...



more from Ilene

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: Saturday, 13 March 2021, 06:40:57 PM

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


Comment: @crossbordercap Peak liquidity already evidence from our GLI momentum signal...has 6-9 month lead-time on markets and 15-20 months on economies



Date Found: Friday, 19 March 2021, 10:55:22 PM

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


Comment: ...



more from Chart School

Biotech/COVID-19

Americans Tend To Stick To Their Stance On COVID-19 Vaccines

 

Source: Bloomberg, via ZeroHedge

Courtesy of Felix Richter, Statista

As U.S. health officials and the Biden administration desperately try to kickstart the stalling rollout of COVID-19 vaccines in face of the highly contagious Delta variant, President Biden...



more from Biotech/COVID-19

Digital Currencies

What are stablecoins? A blockchain expert explains

 

What are stablecoins? A blockchain expert explains

Stablecoins promise more stability than other cryptocurrencies. DenBoma/iStock via Getty Images

Courtesy of Stephen McKeon, University of Oregon

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.

The majority of the dozens of stablecoins that currently exist use the dollar as their benchm...



more from Bitcoin

Politics

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

 

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

A lot of coastal infrastructure wasn’t designed for the frequent flooding and crashing waves brought by rising seas. Jeffrey Greenberg/Universal Images Group via Getty Images

Courtesy of Bryan Keogh, The Conversation and Stacy Morford, The Conversation

...



more from Politics

Promotions

Free Webinar Wednesday: July 7, 1:00 pm EST

 

Don't miss Phil's Webinar on July 7 at 1:00 pm EST. It's FREE and open to all who wish to join.

Click here: 

https://attendee.gotowebinar.com/register/6552545459443187211

Join us to learn Phil's trading tactics and strategies in real-time!

...

more from Promotions

Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



more from Kimble C.S.

ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



more from ValueWalk

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...



more from M.T.M.

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...



more from Tech. Traders

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...



more from Lee

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.
...

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





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. Contact Ilene to learn about our affiliate and content sharing programs.