Posts Tagged ‘SPR’

ONEOK Options In Focus As Shares Spike

Today’s tickers: OKE, STX & SPR

OKE - ONEOK, Inc. – Shares in ONEOK are ripping higher on Thursday, rallying as much as 22% to a near three-month high of $52.32 during morning trading after the company said it plans to spinoff its natural gas distribution business. Options activity on OKE this morning suggests some traders may be taking profits given the strong move in the shares today. Call open interest in the August expiry options is greatest at the $45 strike, with 5,280 open contracts. A review of time and sales data for the Aug $45 calls indicates most of the contracts were likely purchased for an average premium of $0.525 each the morning of July 8th when shares in OKE were hovering around $39.63. The sharp move in the price of the underlying today pushed premium on the Aug $45 strike calls up to as high as $6.80 during the first half of the session. Upwards of 4,500 of the $45 calls have changed hands today, with the bulk of the volume sold for an average premium of $4.59 each, or roughly nine times as much as the $0.525 average premium paid earlier this month. Meanwhile, options traders positioning for shares in the name to extend gains in the near term snapped up around 1,000 calls at each of the Aug $50 and $55 strikes for average premiums of $1.83 and $0.85 each, respectively. ONEOK is scheduled to report second-quarter earnings after the close on July 30th. Shares in ONEOK are currently off their highest level of the session, but continue to stand up 18.5% on the day at $50.75 as of 12:20 p.m. ET.

STX - Seagate Technology Plc – Options changing hands on Seagate Technology today suggest some traders may be positioning for a near-term rebound in the…
continue reading


Tags: , ,




Bullish Options In Play At Spirit AeroSystems

Today’s tickers: SPR, MCO & ZION

SPR - Spirit AeroSystems Holdings, Inc. – Shares in the manufacturer of commercial aircraft structures and components rallied 3.3% to $23.72 this morning on the heels of Alcoa’s positive earnings surprise and improved outlook for the global aerospace industry. Spirit appears to have received a vote of confidence from one strategist selling a large block of October expiry put options. It looks like the trader sold 3,145 puts at the Oct. $20 strike to pocket premium of $0.85 apiece. The put seller walks away with the full amount of premium in pocket as long as Spirit’s shares exceed $20.00 at expiration in six months. Options volume on Spirit AeroSystems today is higher than usual given the stock’s 90-day average volume of 104 contracts and an overall open interest reading of approximately 8,190 existing positions.

MCO - Moody’s Corp. – A sizable put spread initiated on ratings agency, Moody’s Corp., this morning indicates one strategist may be looking for shares in the name to pull back ahead of May expiration. Moody’s Corp.’s shares, which last week touched a new 3-year high of $43.05, are up 2.6% today at $41.83 and 21.5% year-to-date. The put spread on MCO may be the work of an investor taking an outright bearish stance on the stock, or, alternatively, employing a protective strategy to hedge a long position in the shares, ahead of the Company’s first-quarter earnings report on April 26th. The trader appears to have purchased a 1,950-lot May $37/$40 put spread for a net premium of $0.58 per contract. Profits or downside protection kick in should shares in Moody’s drop 5.8% to breach the effective breakeven price of $39.42, while maximum possible gains of $2.42 per contract are available in the event that shares plunge 11.5% to…
continue reading


Tags: , ,




 
 
 

Kimble Charting Solutions

Apple Bullish Breakout Suggesting Tech Follows In Its Path?

Courtesy of Chris Kimble

Is Apple sending a bullish message to the overall Tech market? Sure could be

Apple (AAPL) is working on a breakout above last year’s highs at (1), after creating a series of higher lows over the past year.

Tech ETF QQQ has been a similar-looking pattern to Apple over the past few months, as it is near old highs while creating higher lows.

Is Apple’s upside breakout suggesting that QQQ will follow in its footsteps and breakout?

Str...



more from Kimble C.S.

Phil's Favorites

Fed Chair Powell Met with a Sovereign Wealth Fund in August and Had a Call with a Central Bank Holding Tens of Billions in U.S. Stocks

Courtesy of Pam Martens

Jerome Powell, Chairman of the Federal Reserve

This morning the Federal Reserve pumped another $58.15 billion into Wall Street securities firms under the repo loan program it initiated on September 17. That program has been pumping out hundreds of billions of dollars each week to Wall Street with no authorization from Congress, as far as the public is aware.

We decided to take a look at Federal Reserve Chairman ...



more from Ilene

Zero Hedge

Despite Pushback Against FAA, Boeing Shares Extend Plunge As Analyst Downgrades Accelerate

Courtesy of ZeroHedge View original post here.

Boeing said on Sunday that it told U.S. regulators "multiple times" that it had expanded the role of its MCAS system and that the FAA had observed the system operating in flight tests before the 737 Max was certified for service, according to Bloomberg

The statement was posted online as a result of Friday's ...



more from Tyler

Insider Scoop

10 Biggest Price Target Changes For Monday

Courtesy of Benzinga

  • UBS raised the price target for Teradyne, Inc. (NASDAQ: TER) from $47 to $63. Teradyne shares closed at $58.93 on Friday.
  • Bank of America cut the price target on Boeing Co (NYSE: BA) from $400 to $370. Boeing closed at $344.00 on Friday.
  • Raymond James raised the price target for Kansas City Southern (NYSE: KSU) from $151 to $170. Kansas City Southern shares closed at $145.25 on Friday.
  • H.C. Wainwright boosted Foamix Pharmaceuticals Ltd ...


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

Digital Currencies

Five hurdles blockchain faces to revolutionise banking

 

Five hurdles blockchain faces to revolutionise banking

Shutterstock

Courtesy of Markos Zachariadis, Warwick Business School, University of Warwick

Blockchain is touted as the next step in the digital revolution, a technology that will change every industry from music to wast...



more from Bitcoin

Chart School

Gold Stocks Review

Courtesy of Read the Ticker

Gold stocks are swinging back forth between the range, and a break out swing higher is due. Gold stocks are holding a near perfect Wyckoff accumulation pattern. All should get ready to play this sector. Yet we must recognize that gold stocks are a one of the most crazy rides at the stock market fair, so play very carefully.

More from RTT Tv







GDX PnF chart from within the video

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




Important channels around the HUI.
...

more from Chart School

The Technical Traders

Treasuries Pause Near Resistance Before The Next Rally

Courtesy of Technical Traders

Our research team believes the US Treasuries and the US Dollar will continue to strengthen over the next 2 to 6+ weeks as foreign market and emerging market credit and debt concerns outweigh any concerns originating from the US economy or political theater.  Overall, the major global economies will likely continue to see strength related to their currencies and debt instruments simply because the foreign market and emerging markets are dramatically more fragile than the more mature major global economies.

We believe the US Treasuries may surprise investors by rallying from current levels, near price resistance, to levels above $151 on the TLT chart. 

Our belief ...



more from Tech. Traders

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 >>