Posts Tagged ‘VVUS’

Vivus Call ‘Fly In Play


Today’s tickers: VVUS, NUS & RHT

VVUS - Vivus, Inc. – A large options trade on Vivus, Inc. appears to be a directional bet on the biotech company’s shares ahead of impending recommendations from an advisory panel, as well as a possible decision from FDA regulators, on whether to approve obesity drug, Qnexa. Shares in VVUS are down 1.5% today at $20.06. The large call butterfly spread purchased on Vivus in the first half of the trading day yields maximum possible gains in the event that shares soar more than 50.0% in the next three weeks. The options player responsible for the single largest trade in the name today appears to have purchased 3,250 calls at the April $27 and $35 strikes, and sold 6,500 calls at the April $31 strike, all for a net premium of $0.55 per contract. Profits on the call ‘fly kick in if shares in VVUS rally at least 37.3% to surpass the breakeven share price of $27.55, while the maximum potential payoff of $3.45 per contract is available to the trader as long as the stock jumps 54.5% to settle at $31.00 at expiration next month. The strategist stands to lose the full amount of premium paid to establish the spread if shares settle below $27.00 or above $35.00. A decision from regulators is expected by April 17th, three days prior to options expiration.

NUS - Nu Skin Enterprises, Inc. – Bearish activity in Nu Skin Enterprises, Inc. options is on the rise this morning with shares in the maker of anti-aging skin products and other personal care items trading down 4.4% at $56.85 as of 11:15 a.m. in New York. Traders picking up $55 strike put options in April and May today appear to be positioning for the price of the…
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Options Player Positions for Recovery in Beleaguered Bank of America Shares

Today’s tickers: BAC, JNJ, EXP, KO, YHOO, VVUS, SKS & STJ

BAC – Bank of America Corp. – A large-volume bullish risk reversal initiated in the September contract on Bank of America in the first half of the current trading day indicates one options strategist is positioning for a rebound in the price of the underlying stock by expiration day in a couple of months. BAC’s shares, which fell 2.85% to $13.38 this afternoon, are currently down more than 32.7% since the stock reached a 52-week high of $19.86 back on April 15, 2010. Analysts at Goldman Sachs removed Bank of America from the conviction buy list on Monday. But, one optimistic individual is rooting for BAC to come roaring back to life by September expiration day. The investor appears to have sold 20,000 puts at the September $12 strike for a premium of $0.26 apiece in order to purchase the same number of calls at the higher September $15 strike for a premium of $0.36 each. The net cost of the transaction amounts to $0.10 per contract. If financial services firm’s shares fail to rally above $15.00 by expiration, the investor will lose the full premium paid to purchase the trade. However, if the price of the underlying increases 12.85% over the current price of $13.38, the risk reversal player will start to make money above the effective breakeven price of $15.10 through September expiration. Finally, the short position in put options at the September $12 strike suggests the investor is willing to have Bank of America shares put to him at an effective price of $12.10 apiece should the puts land in-the-money at expiration.

JNJ – Johnson & Johnson – Shares of the provider of consumer products, pharmaceuticals and medical devices fell more than 2.85% in afternoon trading to arrive at $56.89 just before 3:00 pm (ET). The health care company’s shares slipped lower after the firm said second-quarter revenue was flat and lowered its 2010 profit forecast by $0.15 a share. JNJ still reported a 7.5% increase in net income, earning $1.23 a share in the second-quarter, but revising full year earnings lower took its toll on the price of the underlying stock today. One contrarian options player populating JNJ LEAPS caught our eye this afternoon. The investor appears to have purchased a plain-vanilla debit call spread using sky-high strike prices in the January 2012 contract. The…
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Call Options on Financials ETF (XLF) in High Demand

Today’s tickers: XLF, MOS, RIMM, F, VVUS, WEN & ALTR

XLF – Financial Select Sector SPDR – Near-term bullish bets that shares of the XLF, an exchange-traded fund designed to provide investment results that correspond to the price and yield performance of the Financial Select Sector of the S&P 500 Index, are set to rally ahead of July expiration jumped during afternoon trading. Shares of the ETF increased nearly 1.5% during the session to stand at $14.52 by 3:15 pm (ET). Options investors itching for a rally in the price of the underlying shares purchased at least 115,000 calls outright at the July $15 strike for an average premium of $0.08 per contract. Call buyers are prepared to profit should shares of the XLF gain 3.85% to trade above the average breakeven price of $15.08 by expiration next Friday.

MOS – The Mosaic Co. – Shares of the producer and marketer of concentrated phosphate and potash crop nutrients are up 3.3% to $46.20 with less than 45 minutes remaining ahead of the closing bell. Mosaic’s shares earlier rallied as much as 3.95% to touch an intraday high of $46.49. One bullish strategist purchased a debit call spread on the stock in order to position for Mosaic’s shares to increase substantially by expiration day in September. The trader picked up 2,800 calls at the September $50 strike for an average premium of $1.99 apiece, and sold the same number of calls at the higher September $65 strike for an average premium of $0.07 each. Net premium paid for the spread amounts to $1.92 per contract. The investor responsible for the transaction makes money as long as the potash producer’s shares surge 12.4% in the next several months to exceed the average breakeven point on the spread at $51.92 by expiration. Maximum available profits of $13.08 per contract pad the investor’s wallet if MOS shares jump 39.8% to trade above $65.00 by expiration day in September. Mosaic’s shares last traded above $65.00 back on January 11, 2010, when the stock reached an intraday and new 52-week high of $68.28.

RIMM – Research in Motion Ltd. – News the Blackberry maker plans to start an applications store as well as consumer Internet services in China sent RIMM’s shares up 8.47% in afternoon trading to an intraday high of $53.65 by 3:25 pm (ET). Optimism on the firm’s expansion in the Chinese market was…
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Zero Hedge

Biden DOJ Intervenes In Saudi Spymaster Case Over 'Damage To US National Security'

Courtesy of ZeroHedge View original post here.

The Biden Justice Department has made 'the extremely rare move' of intervening in a court case against a former top Saudi spymaster who fled the country and is currently locked in an international feud with Crown Prince Mohammed bin Salman.


Saad A...

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Phil's Favorites

PhilStockWorld's LIVE Weekly Webinar 08-04-2021

 

 

PSW's LIVE Weekly Webinar 08-04-2021

 

Major Topics:

00:00:22 - Checking on the Market
00:02:05 - USD | Currencies
00:02:57 - Indices
00:04:15 - Crude Oil WTI
00:12:59 - Price of Gas in California
00:15:58 - RCL
00:27:08 - AMC
00:28:27 - COVID 19 Update
00:44:50 - PFE
00:57:16 - ISX
01:01:44 - DIS
01:10:49 - AMGN | Cruise Ships
01:14:09 - TROX
01:21:03 - HPQ | AAPL | MSFT
01:26:29 - HBI
01:36:36 - LNG | M | PFE | VIAC | WBA | INTC
01:45:49 - SPWR

 

...



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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

Join us to learn Phil's trading tactics and strategies in real-time!

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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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