Posts Tagged ‘TCB’

Traders Build Up Bullish Positions on IBM Corp.

 Today’s tickers: IBM, CHSI, TCB & BC

IBM - International Business Machines Corp. – Bulls positioning for shares in IBM to extend gains flocked to the options market today, populating weekly as well as longer-dated expiries with signs of optimism. Shares in the computer services company increased as much as 3.35% during the session to secure an intraday- and new all-time high of $167.72. The stock jumped after a number of analysts raised their share price targets in the aftermath of IBM’s analyst meeting on Tuesday. Investors expecting the uptrend to continue at least through the end of this week purchased March $165 and $170 strike calls, and sold nearly 2,000 of the March $165 strike puts in the weekly contract set to expire on Friday. Bullish sentiment spread to the March contract call options set to expire on the 18th of this month, with investors buying around 2,000 in-the-money calls at the March $165 strike for an average premium of $2.60 each. Call volume is greatest at the higher March $170 strike where more than 9,950 calls changed hands on open interest of 5,480 contracts. It looks like the majority of the calls were purchased for an average premium of $0.62 apiece. Investors long the higher-strike calls are poised to profit should shares in IBM rally another 1.7% to surpass the average breakeven price of $170.62 by expiration day. IBM is scheduled to report first-quarter earnings after the market closes for the day on April 18, 2011.

CHSI - Catalyst Health Solutions, Inc. – Options on the full-service pharmacy benefit management (PBM) company are active today on news it agreed to purchase Walgreen Company’s PBM business for $525 million. Shares in Catalyst Health Solutions jumped 18.3% during the session to hit an intraday and all-time high of $52.69. One options player appears to have nearly doubled his money in the span of three weeks by taking profits on a bullish stance initiated back on February 16, 2011, when shares in CHSI closed at $45.65. It…
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Financial ETF Sees Sizeable Bull Call Spread

Today’s tickers: XLF, NKE, SLV, WAG, CVS, PSS, RYL & TCB

XLF - A large bullish trade just went across the tape on the Amex in the financial sector ETF in which a 50,000 lot call spread traded in the XLF at a 27 cent premium involving 17 and 19 strike calls. The underlying share price of $15.08 would need to rally 14.5% over the course of the next three months to allow this investor to break even. We make it mid-October last year that the XLF share price last popped above $17, while recent overhead resistance has restrained the bulls at $15.50. – Financial Select Sector SPDR –

NKE - Call options on the maker of footwear and apparel were in high demand today with shares of NKE up 1.8% to $60.02. Nike is schedule to release results for the first quarter after the closing bell today. Analysts are expecting the firm to report 97 cents per share on revenue of $4.9 billion. Option traders exchanged more than 17,400 calls at the October 60 strike on existing open interest at the strike of just 6,900 contracts. Approximately 8,100 of the calls were purchased for an average premium of 1.78 apiece. The October 60 strike calls have managed to land in-the-money this afternoon. However, investors long the calls will not begin to amass profits unless the stock rises another 3% to breach the breakeven point at $61.78. Another 6,050 calls were exchanged at the higher October 65 strike for an average premium of 40 cents apiece. The higher strike calls were both bought and sold by investors placing bets on Nike ahead of first-quarter earnings results. – Nike, Inc. –

SLV - One investor initiated a long-term bullish play on the silver exchange-traded fund amid a slight 0.25% dip in shares to $15.88. The trader looked to the November 16 strike to purchase 14,000 calls for an average premium of 90 cents apiece. At the same time, the investor spread the nearer-term purchase against the sale of 14,000 calls at the January 2012 20 strike for 2.80 per contract. The trader pockets a net credit of 1.90 per contract on the transaction. The investor is likely expecting the calls to land in-the-money by expiration in November. If this occurs, he may exercise the options and take delivery of the underlying shares for an effective price of $14.10 [$16.00 – 1.90 = $14.10]. If…
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Kimble Charting Solutions

Financial Crisis Deja Vu: Home Construction Index Double Top?

Courtesy of Chris Kimble

Most of us remember the 2007-2009 financial crisis because of the collapse in home prices and its effect on the economy.

One key sector that tipped off that crisis was the home builders.

The home builders are an integral piece to our economy and often signal “all clears” or “short-term warnings” to investors based on their economic health and how the index trades.

In today’s chart, we highlight the Dow Jones Home Construction Index. It has climbed all the way back to its pre-crisis highs… BUT it immediately reversed lower from there.

This raises concerns about a double top.

This pr...



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Insider Scoop

A Peek Into The Markets: US Stock Futures Plunge Amid Coronavirus Fears

Courtesy of Benzinga

Pre-open movers

U.S. stock futures traded lower in early pre-market trade. South Korea confirmed 256 new coronavirus cases on Thursday, while China reported an additional 327 new cases. Data on U.S. international trade in goods for January, wholesale inventories for January and consumer spending for January will be released at 8:30 a.m. ET. The Chicago PMI for February is scheduled for release at 9:45 a.m. ET, while the University of Michigan's consumer sentime...



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Zero Hedge

Coronavirus Paralyzes Global Credit Market As New Issuance Crashes To Zero

Courtesy of ZeroHedge View original post here.

In the early days, when virtually nobody paid attention to the coronavirus pandemic which China was doing everything in its power to cover up, markets were not only predictably ignoring the potential global plague - after all central banks can always print more money, or is that antibodies - but until last week, were hitting all time highs. All that changed when it became apparent that for all its data manipulation, China was simply unable to reboot its economy as hundreds of millions of workers refused to believe the government had the viral plague under control, starting...



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Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 02-26-2020

 

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

Major Topics:

00:02:13 - Indices | S&P 500
00:10:09 - COVID-19 & The Market
00:12:30 - John Hopkins Virus Chart
00:17:00 - DJIA
00:18:22 - INQ | Futures
00:19:23 - STP
00:20:06 - LTP
00:24:46 - GOLD
00:25:45 - Money Talk Portfolio | Butterfly Portfolio
00:27:20 - IMAX
00:30:01 - Checking on the Markets
00:30:54 - Money Talk Portfolio
00:31:00 - Butterfly Portfolio
00:31:08 - Future is Now Portfolio
00:31:12 - Dividend Portfolio...



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Biotech & Health

Could coronavirus really trigger a recession?

 

Could coronavirus really trigger a recession?

Coronavirus seems to be on a collision course with the US economy and its 12-year bull market. AP Photo/Ng Han Guan

Courtesy of Michael Walden, North Carolina State University

Fears are growing that the new coronavirus will infect the U.S. economy.

A major U.S. stock market index posted its biggest two-day drop on record, erasing all the gains from the previous two months; ...



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The Technical Traders

SPY Breaks Below Fibonacci Bearish Trigger Level

Courtesy of Technical Traders

Our research team wanted to share this chart with our friends and followers.  This dramatic breakdown in price over the past 4+ days has resulted in a very clear bearish trigger which was confirmed by our Adaptive Fibonacci Price Modeling system.  We believe this downside move will target the $251 level on the SPY over the next few weeks and months.

Some recent headline articles worth reading:

On January 23, 2020, we ...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

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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Chart School

Oil cycle leads the stock cycle

Courtesy of Read the Ticker

Sure correlation is not causation, but this chart should be known by you.

We all know the world economy was waiting for a pin to prick the 'everything bubble', but no one had any idea of what the pin would look like.

Hence this is why the story of the black swan is so relevant.






There is massive debt behind the record high stock markets, there so much debt the political will required to allow central banks to print trillions to cover losses will likely effect elections. The point is printing money to cover billions is unlikely to upset anyone, however printing trillions will. In 2007 it was billions, in 202X it ...

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Members' Corner

Threats to democracy: oligarchy, feudalism, dictatorship

 

Threats to democracy: oligarchy, feudalism, dictatorship

Courtesy of David Brin, Contrary Brin Blog 

Fascinating and important to consider, since it is probably one of the reasons why the world aristocracy is pulling its all-out putsch right now… “Trillions will be inherited over the coming decades, further widening the wealth gap,” reports the Los Angeles Times. The beneficiaries aren’t all that young themselves. From 1989 to 2016, U.S. households inherited more than $8.5 trillion. Over that time, the average age of recipients rose by a decade to 51. More ...



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Digital Currencies

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

 

Altcoin season 2.0: why bitcoin has been outgunned by crypto rivals since new year

‘We have you surrounded!’ Wit Olszewski

Courtesy of Gavin Brown, Manchester Metropolitan University and Richard Whittle, Manchester Metropolitan University

When bitcoin was trading at the dizzying heights of almost US$2...



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ValueWalk

What US companies are saying about coronavirus impact

By Aman Jain. Originally published at ValueWalk.

With the coronavirus outbreak coinciding with the U.S. earnings seasons, it is only normal to expect companies to talk about this deadly virus in their earnings conference calls. In fact, many major U.S. companies not only talked about coronavirus, but also warned about its potential impact on their financial numbers.

Q4 2019 hedge fund letters, conferences and more

Coronavirus impact: many US companies unclear

According to ...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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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