Posts Tagged ‘SXC’

Heavy Action In BP Call Options With Earnings On The Horizon

 

Today’s tickers: ZNGA, UPS & SXC

ZNGA - Zynga Inc. – Options on the social game developer behind wildly popular games such as Words with Friends and FarmVille continue to trade at a Facebook-IPO-induced fever pitch today. Investors exchanged roughly 45,000 option contracts on Zynga by 12:30 p.m. in New York, while the price of the shares reached new heights one day after the highly-anticipated Facebook filing became a reality. Shares in ZNGA rallied as much as 21.8% in the first half of the trading session to an all-time high of $12.91. Out-of-the-money call buying in the front month suggests some traders are positioning for the price of the underlying to extend gains in the near term. February $13 strike call options that cost around $0.15 apiece at the beginning of the week, are now more than five times as expensive given the current asking price of $0.80 per contract. Traders looked to the Feb. $14 and $15 strikes, buying calls this morning at average premiums of $0.35 and $0.22 each, respectively. Call buyers may profit at expiration if Zynga’s shares continue to post strong gains in the next few weeks, but only risk losing the premium paid for the options should the stock’s run-up reverse course. Meanwhile, buyers of some 5,000 puts at the Feb. $12 strike stand to profit in the event that Zynga’s shares pull back off their highs ahead of expiration. Investors that bought into Zynga call options weeks ago when shares in the game developer were down sharply off their December-IPO price of $10.00 saw, in some cases, the value of their positions sky-rocket this week. Traders that paid an average premium of $0.85 apiece for Feb. $8.0 strike calls back on January 9 now find those call options cost $4.30 each as of 1:00 p.m. in afternoon trade.…
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Zero Hedge

"Just Let Me Go" - Shanghai Airport Plunged Into Chaos After Workers Sealed In For COVID Testing 

Courtesy of ZeroHedge View original post here.

Thousands of airport workers at Shanghai's largest international airport were sealed inside Sunday after an outbreak of COVID-19 was detected, reported WaPo

On Sunday night, hazmat suit-clad health workers were seen on video, herding thousands of airport workers into ...



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Phil's Favorites

Move Over, Millennials

 

Move Over, Millennials

Courtesy of 

Not all young people share the same daily habits or the same views of the world.

Millennials are cutting the cord. Gen Z doesn’t know what the cord is. 45% of Millennials still watch broadcast tv, compared with 26% of 16-17 year olds.

Millennials play fantasy sports. Gen Z watches eSports. Only 18% of 18-24 year olds watch traditional sports, compared with 30% of Millennials.

...

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Politics

Profiles in Cowardice

 

Profiles in Cowardice

Most elected Republicans in Washington are failing the test by refusing to stand up to Trump. Their cowardice is one of the worst betrayals of public trust in the history of our republic.

By Robert Reich writing at Common Dreams

American democracy will continue to be endangered by House and Senate Republicans who lack the moral courage to do what’s right. (Photo: Alex Wong/Getty Images)

Financial r...



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ValueWalk

AstraZeneca Shares Slide After Weak Covid Vaccine Results

By Gorilla Trades. Originally published at ValueWalk.

Commenting on AstraZeneca’s Covid vaccine results and today’s trading, Gorilla Trades strategist Ken Berman said:

Q3 2020 hedge fund letters, conferences and more

AstraZeneca Shares Fall After Annoucing Weak Results Of Its Covid Vaccine

The major indices are mixed and flat at midday despite a positive start to the session on Wall Street. The Nasdaq’s relative weakness has been weighing on the broader market in early trading, following yet another promising ...



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Kimble Charting Solutions

Transports Sending Strong Bullish Message To Other Dow Indices?

Courtesy of Chris Kimble

Are Transportation stocks about to send a quality bullish message to other Dow indices this month? Sure could be!

This 3-pack looks at the Dow Jones Industrials, Transports, and Utilities indices on a monthly basis.

One week from the end of a month, the DJ Transports are attempting an important bullish breakout at (1). Unless a sharp reversal takes place in the next week, Transports could close out the month at new monthly closing highs!

The Dow is attempting to close at all-time highs this month, while the Dow Utilities Index remains a few percent below 2020 highs....



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Biotech/COVID-19

COVID-19 vaccines were developed in record time - but are these game-changers safe?

 

COVID-19 vaccines were developed in record time – but are these game-changers safe?

The pandemic rages as the world waits for COVID-19 vaccines. Peter Zelei Images/Getty Images

Courtesy of William Petri, University of Virginia

There are now two COVID-19 vaccines that, at least according to preliminary reports, appear to be 94.5% and ...



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Digital Currencies

Dalio Admits "I Might Be Missing Something" As Bitcoin Surges Above $18,000

Courtesy of ZeroHedge

Since the US election, Bitcoin prices (in USD) have surged a stunning 40%, also lurching higher after each vaccine headline hit.

Source: Bloomberg

Getting ever closer to its all-time record high...

Source: Bloomberg

As crypto prices soared overnight, Bridgewater Associates founder Ray Dalio stepped back into the fray, saying in a Twitter thread that “I might be missing something about Bitco...



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Chart School

Inflation Deflation Cycle Review

Courtesy of Read the Ticker

Structural change forces the current narrative to change. One such structural change would be a period elevated inflation.

Inflation is a condition which effects many economic models, we only have to review the history books of the 1970's to see how asset classes reacted then and how they may react in the future. 

In periods of inflation there are short periods of deflation, as markets adjust from one theme to another it usually does so with some pain. The short answer: Nothing moves in a straight line and high volatility will shock the most experience investor.  

Long term cycles raise the question, if happened before is it likely to happen again. Price does not always fit the sine wave cycle neatly, but if the cycle is tru...

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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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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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Promotions

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Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

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

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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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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