Posts Tagged ‘VNDA’

Micron Calls Change Hands At A Clip Ahead Of Earnings After The Close

Options brief will resume June 21st, 2013.

Today’s tickers: MU, VNDA & MW

MU - Micron Technology, Inc. – Options traders appear to be snapping up out of the money call options on Micron Technology this morning ahead of the company’s third-quarter earnings report after the closing bell today. Shares in the name kicked off the trading session in rally mode, rising as much as 2.6% to a six-year high of $14.11 in the early going, but have since turned negative to stand 0.15% lower on the day at $13.73 as of 11:10 a.m. ET. Micron’s shares are up roughly 130% since this time last year. July expiry call options are seeing the most volume as of the time of this writing. Notable fresh interest is building in the Jul $16 and $17 strike calls, with more than 23,000 contracts in play at each. It looks like much of the volume in the $16 strike calls was purchased for an average premium of $0.44 apiece, while bulls paid an average premium of $0.26 each to get long the Jul $17 strike calls. Traders long the $16 strike calls stand ready to profit at expiration next month should shares in MU rally 16.5% over today’s high of $14.11 to top the average breakeven point at $16.44, while the $17 strike calls make money given a more than 22% move in the price of the underlying to $17.26 by July expiration. Overall options volume of 187,000 contracts on Micron is well above the stock’s average daily level of around 111,000 contracts less than two hours into the trading day. Heavy trading traffic in MU calls has pushed the call/put ratio to 4.0 as of 11:25 a.m. in New York.

VNDA - Vanda Pharmaceuticals, Inc. – Shares in Vanda Pharmaceuticals are getting slammed on Wednesday; down 24% at $8.31 as of 11:25 a.m. ET after…
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Put Options Active On AmerisourceBergen

Today’s tickers: ABC, VNDA & DMND

ABC - AmerisourceBergen Corp – Shares in AmerisourceBergen are up 2.4% today and nearly 30% year to date, but options in play on the stock suggest one or more traders are bracing for the price of the underlying to potentially pull back during the next couple of months. Shares are currently hovering around $55.00 as of 12:45 p.m. ET, helped higher by an upgrade to ‘Outperform’ from ‘Market Perform’ at Leerink Swann yesterday. The most actively traded options on ABC are the Aug $50 puts, with upwards of 18,000 contracts traded thus far in the session against open interest of just 160 contracts. Time and sales data suggests much of the volume was purchased for an average premium of $0.88 each, thus positioning buyers to profit should shares in ABC drop more than 10% from the current level to breach the average breakeven point on the downside at $49.12 by August expiration. Shares in AmerisourceBergen last traded below $49.12 in March.

VNDA - Vanda Pharmaceuticals, Inc. – Far out of the money call buying on Vanda Pharmaceuticals today indicates some traders are positioning for shares in the name to extend gains in the near term, with the stock up more than 18% on the session at a new three-year high of $11.94 as of 12:30 p.m. ET. The stock moved up sharply today after hedge fund, Baker Bros. Advisors, LLC, disclosed in a 13G filing a 13.99% stake in the company, roughly double the number of shares held by the fund as of the end of March 2013. Shares in VNDA have rallied approximately 120% since mid-May. Options players betting the price of the underlying has more room to run ahead of June expiration snapped up several hundred calls at the Jun $13 and $14 strikes on Tuesday morning. It looks like traders picked up around 500 calls at the $13 strike for an average premium of $0.65 each, and purchased some 300 lots at the higher $14 strike at an average premium…
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Vanda-Pharm Receives a Dose of Covered Call Selling

Today’s tickers: VNDA, PFE, S, ZION, GDX, PBR, BSX, AIG & PEP

VNDA – Vanda Pharmaceuticals, Inc. – The biopharmaceutical company, which specializes in the development of drug candidates for central nervous system disorders, attracted covered call selling in afternoon trading. It looks like one bullish individual purchased shares of the underlying stock in combination with the sale of 10,000 calls at the September $12.5 strike for an average premium of $1.13 per contract. Vanda’s shares – at the time of the transaction – were trading at $10.80 apiece. Thus, the investor effectively paid a net $9.67 per share because of the financing provided by the sale of the call options. The covered call strategy positions the investor to accumulate maximum potential profits of 29.25% if Vanda’s shares rally above $12.50 by expiration in September. This is because the short call stance provides an exit strategy for the trader which dictates gains of 29.25% on the appreciation in value of the underlying shares from the purchase price of $9.67 up to the $12.50 price at which the shares will be called from him – should the calls land in-the-money – at expiration in seven months. Vanda is scheduled to reveal its fourth-quarter earnings report before the opening bell on Tuesday February 16, 2010.

PFE – Pfizer, Inc. – Shares of the global pharmaceutical company commenced the current session in the red, but rallied in afternoon trading, rising 0.85% to $17.89 with forty-five minutes remaining in the trading day. Long-term optimistic trading patterns emerged in the January 2012 contract where one investor initiated a bullish risk reversal on the stock. It looks like the trader sold 5,000 puts at the January 2012 $17.5 strike for a premium of $3.20 each in order to purchase 5,000 calls at the same strike for $2.60 apiece. The investor pockets a net credit of $0.60 per contract on the reversal play, which he keeps in his piggy bank if Pfizer’s shares trade above $17.50 through January 2012 expiration. Additional profits amass to the upside as shares increase above the stated strike price of $17.50.

S – Sprint Nextel Corp. – Massive strangles plays on the communications company today indicate investors expect shares of the underlying stock to remain range-bound through expiration in May. Sprint’s shares fell significantly yesterday afternoon and continued lower by 2% to $3.28 today following disappointing fourth-quarter sales, which fell 6.7% to…
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ValueWalk

AZO and ORLY: Which one is a better buy?

By Marek Mscichowski. Originally published at ValueWalk.

AutoZone, Inc. (NYSE:AZO) and O’Reilly Automotive Inc (NASDAQ:ORLY): Both auto parts retailers are uncorrelated to S&P 500, but which one is a better buy?

By Price Earnings Ratio Tracker Team

Q4 2019 hedge fund letters, conferences and more

Over recent months I have created valuation models for the two main competitors in the auto parts retail business – AutoZone, the leader on the coasts with a $26 billion market ca...



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Phil's Favorites

The Fed Apparently Thinks It's Going to Lose $454 Billion on Its Wall Street Bailout

Courtesy of Pam Martens

On Thursday, March 26, in the midst of a growing panic on Wall Street over a lack of liquidity for toxic debt, the Federal Reserve Chairman Jerome Powell did something unprecedented. He appeared live on the Today show. His interviewer, Savannah Guthrie, opened the interview by noting that one writer had said that the Fed can simply conjure money out of thin air. (It can.) Guthrie asked Powell if there was any limit to the amount of money...



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Kimble Charting Solutions

S&P Repeating 2000 & 2007 Patterns Almost Exactly?

Courtesy of Chris Kimble

Does History Repeat? Is does rhyme sometimes!!!

This chart looks at the S&P 500 on a weekly basis over the past 20-years.

The S&P declined by 50% during the 2000-2003 bear market. On the week of 3/23/2001, it experienced its first counter-trend rally, which lasted 8-weeks, before the bear market resumed.

The S&P declined by 50% during the 2007-2009 bear market. On the week of 3/21/2001, it experienced its first counter-trend rally, which lasted 8-weeks, before the bear ...



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Zero Hedge

Next Wave Of Shortages Strikes: NYC Pharmacies Run Out Of Tylenol, Common Drugs

Courtesy of ZeroHedge View original post here.

In the weeks since California became the first state to order residents to shelter in place, millions of Americans have grappled with an alarming fact: That shortages of products from Tylenol to toilet paper have continued. If anything, they've gotten worse, even as governors like Andrew Cuomo have pleaded with the public not to hoard and buy up supplies like gloves and masks that are needed by health-care professionals.

While health officials have tried to dismiss this simply as a consequence of panicked hoarding, ...



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Biotech/COVID-19

What the coronavirus does to your body that makes it so deadly

 

What the coronavirus does to your body that makes it so deadly

SARS-CoV-2 virus particles (pink dots) on a dying cell. National Institute of Allergy and Infectious Diseases, NIH

Benjamin Neuman, Texas A&M University-Texarkana

COVID-19 is caused by a coronavirus called SARS-CoV-2. Coronaviruses belong to a group of viruses that infect animals, from peacocks to whales. They’re named for the bulb-tipped spikes that project from the virus’s surface and give the appearance of a corona surrounding it.

A coronavirus infection usually plays o...



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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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The Technical Traders

Founder of TradersWorld Magazine Issued Special Report for Free

Courtesy of Technical Traders

Larry Jacobs owner and editor of TradersWorld magazine published a free special report with his top article and market forecast to his readers yesterday.

What is really exciting is that this forecast for all assets has played out exactly as expected from the stock market crash within his time window to the gold rally, and sharp sell-off. These forecasts have just gotten started the recent moves were only the first part of his price forecasts.

There is only one article in this special supplement, click on the image or link below to download and read it today!

...

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Chart School

Big moving Averages and macro investment decisions

Courtesy of Read the Ticker

When price is falling every one wonders where demand will come in.


RTT black screen Tv videos study the simplest measure of price (simple moving average). What has happen before guides us now. 














Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, ...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

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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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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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