Posts Tagged ‘VCLK’

Options In Play On Genworth Financial Eye Further Upside

 

Today’s tickers: GNW, M & VCLK

GNW - Genworth Financial, Inc. – Bursts of activity in Genworth Financial call options in the early going on Wednesday appears to be the work of one or more traders betting the price of the underlying stock pushes toward multi-year highs during the next several months. Shares in the insurer kicked off the trading session in rally mode, initially rising 1.2% to a near two-year high of $11.02, before reversing course to trade down 1.85% on the day at $10.69 as of 11:15 a.m. ET. The stock was cut to ‘Neutral’ from ‘Buy’ at BTIG today. Shares in Genworth Financial are up roughly 170% off the 52-week low of $4.06 set back in August of 2012. Options volume in GNW is heaviest out at the Sep $13 strike, where 5,000 calls changed hands against open interest of 472 contracts. It looks like most of the volume was purchased for an average premium of $0.42 each. Buyers of these contracts stand ready to profit at September expiration should shares in GNW rally 25% over the current price of $10.69 to top the average breakeven point at $13.42. The Sep $12 strike calls are also active today, with around 1,000 lots purchased at an average premium of $0.69 apiece just before 10:00 a.m. ET this morning. Time and sales data suggests roughly 1,000 of the Sep $12 strike calls were purchased on Tuesday morning at around the same time for a premium of $0.62 each.

M - Macy’s, Inc. – Shares in department store operator, Macy’s, Inc., are up 1.3% today at a new all-time high of $47.12. Options changing hands on the retailer today indicate some strategists are positioning for the price of the underlying to extend gains in the near term. One trader appears to be rolling a bullish position in front month calls up to a higher striking price ahead of the company’s first-quarter earnings report next Wednesday before the open. The options player appears to have sold roughly 1,000 calls…
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Upside Calls In Play On Las Vegas Sands, Lululemon

 

Today’s tickers: LVS, LULU & VCLK

LVS - Las Vegas Sands Corp. – Weekly options on Las Vegas Sands Corp. are active this morning ahead of the release of July Macau gaming revenue data on Wednesday. Shares in the casino resort operator are off their highs of the session, but remain in positive territory, up 1% at $37.15 as of 12:15 p.m. in New York. Traders dabbling in LVS weeklies appear to be positioning for shares to extend gains in the near term. The most active contracts, the Aug. 03 ’12 $39 strike calls, traded upwards of 3,100 times in the first half of the session versus open interest of 636 positions. It looks like strategists purchased most of the options for an average premium of $0.36 apiece, thus positioning for a 6%-plus upside move in the share price by expiration. The Aug. 03 ’12 $40 strike call also saw traders step in to purchase around 700 contracts at an average premium of $0.16 each. Shares in LVS are down roughly 40% off the April 12th four-year high of $62.09, having fallen hard and fast in the most recent three month period to touch down at its lowest in nearly two years last week.

LULU - Lululemon Athletica, Inc. – The single-largest transaction in Lululemon options today may be a pre-earnings bet that shares in the athletic apparel retailer could rebound somewhat following the company’s second-quarter report on September 10th. Shares in the name are down more than 3% this morning to stand at $59.56 and have declined more than 25% off the May 3rd all-time high of $81.09. It looks like one strategist initiated a one-by-two ratio call spread to position for limited gains in the price of the underlying through September expiration. The trader likely purchased 3,000 calls at the Sept. $70 strike for a premium of $1.82 each and sold 6,000 calls up at the Sept. $77.5 strike at a premium of…
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ValueClick Calls Active Ahead Of Q2 Earnings

 

Today’s tickers: VCLK, JPM & MOS

VCLK - ValueClick, Inc. – Options on the digital marketing services company and provider of Internet-based advertising solutions are far more active than usual today, with volume topping 2,500 contracts versus the stock’s average daily option volume of 397 contracts. The bulk of the activity in the name may suggest some investors believe the stock may make a big move to the upside in the near future. ValueClick is scheduled to report second-quarter earnings after the close on July 31st. The stock, which had dropped more than 35% from a 52-week high of $21.85 on May 1st down to $13.80 on June 28th, regained its footing at the end of June after the company said second-quarter revenue and adjusted EBITDA are likely to come in at the upper-end of its forecast range. The stock posted double-digit gains following the company’s positive comments and today trades 0.65% higher at $15.71. Call buying on the name today could pay off for some traders should the Q2 earnings report at the end of the month surprise to the upside. The Aug. $19 strike is the most heavily trafficked today, with more than 2,100 calls in play versus open interest of just 49 contracts. It looks like most of the calls were purchased for an average premium of $0.18 apiece in the first half of the trading session. Upside call buyers may profit in the event that shares in ValueClick jump 22% over the current price of $15.71, to top the average breakeven point at $19.18 by expiration next month.

JPM - JPMorgan Chase & Co. – Shares in JPMorgan are up better than 1.1% this morning at $34.64 as investors await the release of minutes from last month’s Federal Reserve meeting as well as the bank’s second-quarter earnings report on Friday. A sizable call spread initiated in the September expiry appears to…
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Zero Hedge

China Lands Spacecraft On Moon To Collect Lunar Rocks 

Courtesy of ZeroHedge View original post here.

According to the Chinese state-run CGTN news channel, China's National Space Administration declared on Tuesday morning that it's "Chang'e-5 successfully landed on the near side of moon." 

Chang'e 5, China's first-ever attempt to collect lunar rocks and conduct a return mission back to Earth, apparently touched down this morning. Not much on the landing was conveyed by CGTN, who only offered a single-sentence statement. 

Over the next few days, th...



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ValueWalk

The Vaccine Rally Could Be Running Out Of Steam

By Gorilla Trades. Originally published at ValueWalk.

Commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q3 2020 hedge fund letters, conferences and more

The Vaccine Rally Is Fading Away

Despite today’s new all-time highs the late-day weakness among cyclicals could mean that the first leg of the vaccine rally could be running out of steam. While stocks started the session in a positive fashion, the leaders of the vaccine rally faded towards the end of the session in the face of the mostly positive news flow, and that warrants caution for bulls, at least from a short-term perspective....



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Phil's Favorites

Salesforce Confirms Deal To Buy Slack

Courtesy of ZeroHedge

It's official. After reportedly entering high-level, late-stage talks, Salesforce, one of the newest members of the Dow 30, has agreed to buy Slack, a former Silicon Valley "unicorn" that IPO'd last year.

Shares of the Slack have surged in after-hours trade on the news, as if the massive surge seen following the initial reports that the two companies were in talks wasn't enough.

Here are the juicy details: $27.7 billion in cash and stock, giving the corporate software giant a popular workplace-communications platform in one of the biggest technology deals...



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Biotech/COVID-19

Rapid COVID-19 tests can be useful - but there are far too few to put a dent in the pandemic

 

Rapid COVID-19 tests can be useful – but there are far too few to put a dent in the pandemic

Rapid tests for COVID-19 are easy to administer and give fast results. AP Photo/Julio Cortez, File

Courtesy of Bonnie LaFleur, University of Arizona and Katherine Ellingson, University of Ari...



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Digital Currencies

Five Reasons Why Bitcoin is Going Up

 

Five Reasons Why Bitcoin is Going Up

Courtesy of 

Call it the “Respectability Rally”…

A few reasons for Bitcoin’s return to the record highs. It’s about $18,500 as of this writing, matching the previous highs from 2017’s original explosion.

Reason one: It’s going up because it’s going up. Don’t scoff, this is the reason most things in the markets happen and then the explanations are called for afterwards. I’m in financial television, I have literally watched this process occur in real-time. The more something moves in a given direction, the more peop...



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Kimble Charting Solutions

Will Silver Price Reversal Bring Another Historic Decline?

Courtesy of Chris Kimble

Precious metals caught lightning in a bottle for the first 7 months of the year, with Gold notching new all-time highs and Silver making to multi-year highs in August. But both have reversed lower since peaking in August and investors should pay attention.

It might be nothing… or it might be something! Especially for Silver, which didn’t follow Gold’s lead in making all-time highs.

Today’s chart is a long-term “monthly” chart of Silver. As you can see, it was hi-yo Silver for the first 7 months ...



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Politics

Mythmakers: The Men Who Created Donald J. Trump

 

Mythmakers: The Men Who Created Donald J. Trump

Mark Burnett, Jeff Zucker, and the Trustwashing of a Fake President

Courtesy of Greg Olear, Prevail, author of Dirty Rubles: An Introduction to Trump/Russia 

...

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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: Friday, 12 June 2020, 08:06:43 PM

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Comment: Interesting (2)



Date Found: Saturday, 13 June 2020, 12:27:02 AM

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Comment: Recession Forecasts Time Frame



Date Found: Monday, 15 June 2020, 11:07:52 PM

...

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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

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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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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