Posts Tagged ‘TRW’

Options Traders Feed on Archer-Daniels-Midland Co. Calls

Today’s tickers: ADM, TRW, RDWR & BPAX

ADM - Archer-Daniels-Midland Co. – Warren Buffet’s comments that Archer-Daniels-Midland is the “kind of company we look at” in regards to hunting for acquisition candidates fueled heavier than normal activity in ADM options, bumped its shares up as much as 1.8% and pushed options implied volatility up 20.7% to 30.82% today. In an interview on Bloomberg Television this morning, Buffet also cited General Dynamics and Exelon Corp. as attractive, but options on those names remain relatively quiet. Shares in Archer-Daniels-Midland, one of the world’s largest processors of corn, wheat, cocoa and other feedstuffs, are up 1.00% at $30.75 just before 1:00 pm on the East Coast. ADM call volume jumped, with calls changing hands roughly 6 times on the stock for each single put option in play. Much of the put activity, though light in comparison to interest in calls, appears to be the work of bullish players selling the contracts to harvest available premium. Investors positioning for shares to extend gains scooped up out-of-the-money calls across several expiries. Call volume is heaviest out at the September $31 strike where more than 14,000 contracts changed hands against 3,476 previously existing open positions. While roughly half of the calls traded to the middle of the market, it looks like at least 5,400 of the contracts were purchased for an average premium of $1.13 a-pop. Call buyers profit if shares in ADM rally another 4.5% to surpass the average breakeven price of $32.13 by September expiration. Nearer-term optimists purchased August $32 and $33 strike calls for premiums of $0.57 and $0.28, respectively. These investors make money if shares climb around 6.0% and 8.2% by expiration next month. Fourth-quarter earnings from ADM are expected to hit the stands on August 2 ahead of the opening bell.…
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Bulls Target BJ’s Wholesale Club Options as Shares Touch New 52-Week High

Today’s tickers: BJ, TRW, NSC & ODP

BJ – BJ’s Wholesale Club, Inc. – Shares of the warehouse club operator are currently up 10.75% to stand at $40.99 just before 11:30 am (ET), but earlier the price of the underlying stock surged 18.43% to reach an intraday- and new 52-week high of $43.83. BJ’s shares jumped after private equity firm, Green Equity Investors, purchased 5.1 million BJ shares – or 9.5% of the warehouse-club chain – and said the shares are undervalued. Green Equity also revealed plans to discuss taking BJ’s private with the warehouse club’s executives. Options investors scrambled to place bullish trades on the stock, with some traders opting to sell short roughly 1,200 puts at the July $40 strike to pocket an average premium of $0.46 per contract. Put sellers keep the full premium received on the transaction as long as BJ’s share price exceeds $40.00 through expiration day. Investors short the puts are ready and willing to have shares of the underlying stock put to them at an effective price of $39.54 in the event the puts land in-the-money at expiration. Bulls hoping to see BJ’s shares continue higher scooped up approximately 585 calls at the July $45 strike for an average premium of $0.45 apiece. Call buyers stand ready to accrue profits if shares jump 3.7% over today’s highest recorded price of $43.83 to surpass the average breakeven point on the calls at $45.45 by July expiration day. BJ’s overall reading of options implied volatility exploded today, rising 28.4% to 38.08% as of 11:40 am (ET).

TRW – TRW Automotive Holdings Corp. – The purchase of a plain-vanilla debit put spread on the diversified supplier of automotive systems, modules and components to global automotive equipment manufacturers indicates one options strategist is bracing for shares of the underlying stock to decline ahead of August expiration. TRW’s shares are currently down more than 4.3% to stand at $26.38 as of 11:07 am (ET). The bearish investor picked up 5,000 puts at the August $25 strike for a premium of $1.65 apiece, and sold the same number of puts at the lower August $20 strike for a premium of $0.40 each. Net premium paid to establish the spread amounts to $1.25 per contract. Thus, the trader responsible for the transaction is prepared to profit should TRW’s shares fall another 9.97% from the current price of $26.38 to breach…
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Zero Hedge

Texas Judge Blocks Governor's Order Halting Transport Of Covid-Positive Illegals

Courtesy of ZeroHedge View original post here.

In a short-term victory for the Biden administration, a federal judge in Texas blocked an executive order which restricts the transport of infected illegal immigrants on Tuesday, suggesting that the order itself would have the effect of "exacerbating the spread of COVID-19."

U.S. District Judge Kathleen Cardone of El Paso agreed with the Justice Department, which accused Governor Greg Abbott (R) of potentially worsening the spread of the virus - as impeding the transfer of undocumented migrants would prolong the ...



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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 ...



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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

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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

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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...



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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...



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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

...



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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

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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...



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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 ...



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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...



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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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