Posts Tagged ‘VSH’

Put Selling Ensues On Harry Winston Diamond Corp.

Today’s tickers: HWD, HAS & VSH

HWD - Harry Winston Diamond Corp. – Fresh prints in Harry Winston Diamond Corp. puts drove options volume in the front month above the prevailing level of overall open interest on the stock in the first half of the trading session. Shares in the specialist diamond company fell as much as 2.9% today to $10.36, bringing total declines in the stock up to roughly 43% since the end of May. The company was scheduled to present at the Telsey Advistory Group 2nd Annual Fall Consumer Conference just after 9:00 am EDT this morning.

One or more put players exchanged some 4,150 puts at the October $10 strike against zero open positions. It looks like most of the put options were sold for an average premium of $0.35 a-pop. Investors selling the contracts keep the full amount of premium as long as shares in Harry Winston exceed $10.00 through expiration next month. Heavy put selling pushed implied volatility on the Oct. $10 puts down more than 25% in early-afternoon trade. Shares in HWD have traded above $10.00 for more than one year, but did slip to as low as $9.61 in August 2010. Sellers of the puts likely expect shares in the miner of rough diamonds to resist above $10.00 through October expiration, and are happy to pocket available premium on the options in exchange for bearing the risk that the stock hits fresh lows in the next few weeks. Traders short the puts may have shares of the underlying stock put to them at an effective price of $9.65 each should the options land in-the-money at expiration day. Options implied volatility on the stock dropped 17.5% to 54.47% by 12:20 pm in New York.…
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Options Strategies Suggest Financial Stocks Headed Lower

Today’s tickers: JPM, GS, LVS & VSH

JPM - JPMorgan Chase & Co. – Shares in JPMorgan are on the rise today, trading up 0.90% to stand at $33.71 as of 11:15 am ET, but options trades on the banking institution suggest the rally is likely to be brief. Yesterday we noted the purchase of a sizable bearish put butterfly spread on JPM that may result in maximum potential profits should the stock cede 31% of its value come December expiration. Like-minded pessimists took to JPMorgan options today to position for the price of the underlying to pull back sharply in the months ahead. Near-term bears anticipating share price erosion before the week is out scooped up some 1,800 puts at the August $32 strike for a premium of $0.66 apiece, and purchased another 1,000 puts at the lower August $31 strike at a premium of $0.37 each. Buyers of the weeklies may be positioning for shares in JPM to drop should Bernanke’s words out of Jackson Hole on Friday fail to bolster financials. Traders long the puts profit at expiration if shares in the financial services provider slip beneath effective breakeven prices and fresh multi-year lows of $31.34 and $30.63, respectively.

Meanwhile, activity in longer-dated contracts suggests some investors are favoring the debit put spread strategy. One bearish player purchased the 2,500-lot November $18/$28 strike put spread at an average net premium of $1.26 per contract. The trader profits if shares in JPM tumble 20.7% in the next few months to breach the breakeven price at $26.74 by November expiration day. Maximum potential profits of $8.74 per contract are available to the strategist should the stock plunge 46.6% to $18.00 at expiration. Shares in JPM traded at lows of around $15.00 at the height, or rather depths, of…
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Phil's Favorites

March Madness: With gambling legal in eight states, who really wins?

 

March Madness: With gambling legal in eight states, who really wins?

The odds of more legal betting are good. AP Photo/John Locher

Courtesy of John Affleck, Pennsylvania State University

March means springtime, but also breathless headlines of Cinderellas, busted brackets and buzzer beaters.

This year, it’ll also include talk of “sharps,” “handles” and “point spreads,” as millions more Americans are able to openly wager for the first time on March Madness – the NCAA men’s...



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Zero Hedge

Enron 2.0? Jeff Skilling And Lou Pai Are Back With A "New Energy Venture"

Courtesy of Zero Hedge

Former Enron Chief Executive Jeff Skilling is out of prison after 12 years. And he’s getting the old gang back together again.

Just when you thought the world of business couldn’t get more ethically sound, and just when you thought you weren't going to get any more surefire signs of a market top, Jeff Skilling is recruiting his old friends and colleagues and "looking to get back in the energy business", according to a WSJ report.

But that isn’t even the best part - according to the report, Skilling has already landed an investment from former Enron executive and...



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ValueWalk

Tax Receipts Decline As Budget Deficit Reaches Record

By Gary St. Fleur. Originally published at ValueWalk.

The U.S budget deficit has widened as the corporate and individual tax receipts and other revenue declines in the face of federal spending reaching new heights.

geralt / Pixabay

Last year’s fiscal gap for February was $215.2 billion. It has now grown to $234 billion. This is larger than the last budget deficit record set in 2012. This increase is due to declines in tax receipts for October-February. The period saw a decline of 1 percent (1.3 trillion ) from the prior year while growth in federal spending rose upwards of 9 percent to 1.8 t...



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Chart School

Palladium Action Review

Courtesy of Read the Ticker.

Palladium is near its peak, or at least a consolidation. Russia and South Africa are the producers of palladium, and it looks like Putin has been able to play US Futures market for a lot of Russia gain! Which metal is next?


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Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of ...

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Kimble Charting Solutions

NYSE Index Suggesting The Top Is In, Says Joe Friday

Courtesy of Chris Kimble.

Is a very broad stock index suggesting that a top is in play? What this index does to close this week should go a long way to answering that question!

This chart looks at the NYSE Index on a weekly basis over the past 4-years. Over the past 15-months, it has created a series of lower highs and lower lows inside of the shaded falling channel. It hit strong support around Christmas at (1) and a counter-trend rally started. The rally now has it testing the top of the falling channel at (2).

Joe Friday Just The Facts Ma’am- The NYSE index could be cre...



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Insider Scoop

10 Biggest Price Target Changes For Friday

Courtesy of Benzinga.

  • Buckingham cut the price target for Trinity Industries Inc (NYSE: TRN) from $32 to $26. Trinity Industries shares closed at $22.96 on Thursday.
  • Canaccord Genuity lowered the price target for Biogen Inc (NASDAQ: BIIB) from $396 to $275. Biogen shares closed at $226.88 on Thursday.
  • H.C. Wainwright cut the price target on Conatus Pharmaceuticals Inc (NASDAQ: CNAT) from $8 to $1.50. Conatus Pharmaceuticals shares closed at $2.91 on Thursday.
  • Wedb...


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Biotech

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Reminder: We are available to chat with Members, comments are found below each post.

 

Marijuana is a lot more than just THC - a pharmacologist looks at the untapped healing compounds

Assorted cannabis bud strains. Roxana Gonzalez/Shutterstock.com

Courtesy of James David Adams, University of Southern California

Medical marijuana is legal in 33 states as of November 2018. Yet the federal government still insists marijuana has no legal u...



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Digital Currencies

Facebook's cryptocurrency: a financial expert breaks it down

 

Facebook's cryptocurrency: a financial expert breaks it down

Grejak/Shutterstock

Courtesy of Alistair Milne, Loughborough University

Facebook is reportedly preparing to launch its own version of Bitcoin, for use in its messaging applications, WhatsApp, Messenger and Instagram. Could this “Facecoin” be the long-awaited breakthrough by a global technology giant into the lucrative market for retail financial services? Or will...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



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OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

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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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