Call Activity Accelerates Despite TiVo Inc.'s Post-Earnings Slide

Coca Cola Company (KO) $64.30 -0.48%

Usually the ex-div trading doesnt start until the afternoon, but today's short session has motivated some traders that engage in the strategy to get going early. More than half a million Coke calls have traded in the first hour, all in the Jan 47.5 to 60 strikes and likely a safe distance in-the-money from $64.31 current spot level. Coke nearly hit one million calls on Sep 10, the prior ex-div date, and traders are likely hoping the timing of Mondays ex-div will work in their favor, as some long call holders away for the holiday forget to call in their exercise instructions. (MCD, LO, GR, WM also seeing ex-div trades.)

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Pfizer Inc (PFE) $16.55 -0.85%

Pfizer (PFE) loses 17 cents to $16.52 and is one of 28 Dow stocks under water Friday morning (only MMM and CSCO are up). Meanwhile, in options action, PFE Jan calls are seeing interest. One of the top trades is 2094 Jan 17.5s at 18 cents on the ISE, and an opening customer buyer, according to ISEE data. 5200 now traded (98 percent Ask). Another 6200 Jan 20s changed hands (72 percent Ask). No news on the pharmaceutical maker today. Earnings were reported on 11/2. Shares are down 5.3 percent since that time.

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Amazon com (AMZN) $177.28 +5.40%

Amazon.com (AMZN) touched a new 52-week high and is up $9.49 to $177.49. Meanwhile, options is running 2X the normal after Citigroup analysts said in a note today that AMZN is the "single best play for secular growth in online retail". Earlier this week, Amazon.com unveiled a new app that allows shoppers to compare prices across brick and mortar retailers, and then buy the product instantaneously online if the best price exists at Amazon.com. Indeed, there seems to be some enthusiasm for the online retailer heading into Black Friday as the AMZN Weekly (11/26) 175 and 180 calls have both traded more than 10000X today. 90,000 calls and 60,000 puts now traded in AMZN. Implied volatility is flat at 35, compared to a 52-week high and low of 55 and 28.

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Massive Put Purchases in XLI, XLY, XLF

Massive blocks of puts trade on a number of exchange-traded funds midday Wednesday. 113,934 Jan 19 puts traded at a penny on the Consumer Discretionary Fund (XLY), 113,882 Financial Select Sector (XLF) Jan 9 puts at a penny each, and 113,882 Industrials Select Sector Fund (XLI) Jan 19 puts, also at a penny per contract. Given that open interest is sufficient to cover in all three contracts, the action looks closing and offsetting positions opened in mid-August. For example, on August 11 of this year, 37,962 XLF Jan 9 puts traded on the 16-cent bid and on August 19, we observed a writer of 57,000 XLI Jan 19 puts at 32 cents per contract. These appear to be very well-timed plays because stocks are broadly higher since then and the S&P 500 has added nearly 14 percent since late-August. Now, this strategist seems willing to pay a penny per contract plus the transaction costs to offset the positions, perhaps looking to free up capital and or bank the profit now rather than deal with the risks associated with holding the positions through January 2011.

Read more at WhatsTrading.com

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Istar Financial Inc (SFI) $5.63 +4.45%

iStar Financial (SFI) adds 23 cents to $5.62 and 2000 July 6 calls were sold at $1.25 each. It was part of an opening buy-write and tied to stock at $5.61 (1.64 over), according to a source on the floor. Shares are up 63.8 percent since the company reported earnings on 10/28 and announced plans to repay $1 billion in debt.

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EOG Resources Inc (EOG) $88.95 +0.28%

EOG adds 30 cents to $88.99 and a block of 6,160 Jan 105 calls traded at 47 cents per contract when the market was 49 to 54 cents. Looks like a call sale and possibly closing. Open interest in the contract, which is 18 percent out-of-the-money, is 13,100 and the biggest position in the name. The Houston, TX natural gas producer reported earnings on 11/2. Shares tumbled 9.3 percent on the news.

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AMR loses 17 cents to $8.05 and options on the airliner are busy today. Dec 7 and 9 calls were active this morning on takeover chatter, according to Briefing. Recent trades include a buyer of 7550 Jan 7.5 puts at the 50-cent asking price. It was bought and tied to shares (33 delta), according to a source on the floor. 11,140 now traded. Implied volatility in AMR is up 8 percent to 54. Delta puts were actively traded yesterday. Some players might be taking positions in anticipation of increased volatility heading into the busiest period for US travel. Things might get dicey at some of the major airports due to the recent uproar over TSA security procedures, which now include full body scans and uncomfortable law enforcement-style pat downs. According to the Associated Press, A loosely organized Internet campaign is urging people to refuse the scans on Wednesday in what is being called National Opt-Out Day.

Read more at WhatsTrading.com

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Alpha Natural Resources Inc (ANR) $50.62 -1.78%

Alpha Natural Resources (ANR), which rallied 8.1 percent Friday on reports the company is seeking to expand its metallurgical coal holdings (Bloomberg), is down $1.05 to $50.49 midday Tuesday. Meanwhile, 10,370 March 55 calls traded. The top trade is 1500 at $3.60 when the market was $3.40 to $3.60. In all, 79 percent traded at the ask and, with open interest of just 221 contracts, it looks like call buyers are opening new bullish positions in ANR. Jan 49 puts and Jan 52.5 calls are seeing interest as well. Implied volatility is up 2.5 percent to 47.

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Nuance Communications Inc (NUAN) $17.96 +4.97%

Nuance (NUAN) adds 71 cents to $17.82 and 16,000 calls traded on the Burlington, MA application software developer. Shares hit a morning high of $19.19 after the company released earnings after the close of trading yesterday. The stock is also in the spotlight after TechCrunch published a piece this morning dispelling the idea that Apple Computer (AAPL) is acquiring NUAN. The TechCrunch story was in response to recent comments from Apple co-founder Steve Wozniak, who in a video interview last night apparently incorrectly mentioned that Apple "recently bought the company Nuance." In any event, NUAN is off session highs and options action is brisk. December 15, 17, 19, 20 and 21 calls are the most actives. Implied volatility is up about 15 percent to 47.

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Electronic Arts Inc (ERTS) $14.96 -2.92%

Electronic Arts (ERTS) loses 41 cents to $15 and one strategist sells 75,000 ERTS January 20 calls at 7 cents to buy 40,000 Mar 20 calls at 25 cents. Since the Jan 20s have more than 90K in open interest, this is possibly a roll. If so, it closes out a position in Jan 20 calls opened in late-June and July. With shares down 15.3 percent since 10/11, these calls are now $5 out-of-the-money. The strategist might now be opening in March to buy an additional two months for the trade to play out.

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Put Traders Load Up on Bearish Bets Ahead of Trina's Earnings

Coca Cola Company (KO) $64.30 -0.48%

Usually the ex-div trading doesnt start until the afternoon, but today's short session has motivated some traders that engage in the strategy to get going early. More than half a million Coke calls have traded in the first hour, all in the Jan 47.5 to 60 strikes and likely a safe distance in-the-money from $64.31 current spot level. Coke nearly hit one million calls on Sep 10, the prior ex-div date, and traders are likely hoping the timing of Mondays ex-div will work in their favor, as some long call holders away for the holiday forget to call in their exercise instructions. (MCD, LO, GR, WM also seeing ex-div trades.)

Read more at WhatsTrading.com

Close Article

Pfizer Inc (PFE) $16.55 -0.85%

Pfizer (PFE) loses 17 cents to $16.52 and is one of 28 Dow stocks under water Friday morning (only MMM and CSCO are up). Meanwhile, in options action, PFE Jan calls are seeing interest. One of the top trades is 2094 Jan 17.5s at 18 cents on the ISE, and an opening customer buyer, according to ISEE data. 5200 now traded (98 percent Ask). Another 6200 Jan 20s changed hands (72 percent Ask). No news on the pharmaceutical maker today. Earnings were reported on 11/2. Shares are down 5.3 percent since that time.

Read more at WhatsTrading.com

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Amazon com (AMZN) $177.28 +5.40%

Amazon.com (AMZN) touched a new 52-week high and is up $9.49 to $177.49. Meanwhile, options is running 2X the normal after Citigroup analysts said in a note today that AMZN is the "single best play for secular growth in online retail". Earlier this week, Amazon.com unveiled a new app that allows shoppers to compare prices across brick and mortar retailers, and then buy the product instantaneously online if the best price exists at Amazon.com. Indeed, there seems to be some enthusiasm for the online retailer heading into Black Friday as the AMZN Weekly (11/26) 175 and 180 calls have both traded more than 10000X today. 90,000 calls and 60,000 puts now traded in AMZN. Implied volatility is flat at 35, compared to a 52-week high and low of 55 and 28.

Read more at WhatsTrading.com

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Massive Put Purchases in XLI, XLY, XLF

Massive blocks of puts trade on a number of exchange-traded funds midday Wednesday. 113,934 Jan 19 puts traded at a penny on the Consumer Discretionary Fund (XLY), 113,882 Financial Select Sector (XLF) Jan 9 puts at a penny each, and 113,882 Industrials Select Sector Fund (XLI) Jan 19 puts, also at a penny per contract. Given that open interest is sufficient to cover in all three contracts, the action looks closing and offsetting positions opened in mid-August. For example, on August 11 of this year, 37,962 XLF Jan 9 puts traded on the 16-cent bid and on August 19, we observed a writer of 57,000 XLI Jan 19 puts at 32 cents per contract. These appear to be very well-timed plays because stocks are broadly higher since then and the S&P 500 has added nearly 14 percent since late-August. Now, this strategist seems willing to pay a penny per contract plus the transaction costs to offset the positions, perhaps looking to free up capital and or bank the profit now rather than deal with the risks associated with holding the positions through January 2011.

Read more at WhatsTrading.com

Close Article

Istar Financial Inc (SFI) $5.63 +4.45%

iStar Financial (SFI) adds 23 cents to $5.62 and 2000 July 6 calls were sold at $1.25 each. It was part of an opening buy-write and tied to stock at $5.61 (1.64 over), according to a source on the floor. Shares are up 63.8 percent since the company reported earnings on 10/28 and announced plans to repay $1 billion in debt.

Read more at WhatsTrading.com

Close Article

EOG Resources Inc (EOG) $88.95 +0.28%

EOG adds 30 cents to $88.99 and a block of 6,160 Jan 105 calls traded at 47 cents per contract when the market was 49 to 54 cents. Looks like a call sale and possibly closing. Open interest in the contract, which is 18 percent out-of-the-money, is 13,100 and the biggest position in the name. The Houston, TX natural gas producer reported earnings on 11/2. Shares tumbled 9.3 percent on the news.

Read more at WhatsTrading.com

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AMR loses 17 cents to $8.05 and options on the airliner are busy today. Dec 7 and 9 calls were active this morning on takeover chatter, according to Briefing. Recent trades include a buyer of 7550 Jan 7.5 puts at the 50-cent asking price. It was bought and tied to shares (33 delta), according to a source on the floor. 11,140 now traded. Implied volatility in AMR is up 8 percent to 54. Delta puts were actively traded yesterday. Some players might be taking positions in anticipation of increased volatility heading into the busiest period for US travel. Things might get dicey at some of the major airports due to the recent uproar over TSA security procedures, which now include full body scans and uncomfortable law enforcement-style pat downs. According to the Associated Press, A loosely organized Internet campaign is urging people to refuse the scans on Wednesday in what is being called National Opt-Out Day.

Read more at WhatsTrading.com

Close Article

Alpha Natural Resources Inc (ANR) $50.62 -1.78%

Alpha Natural Resources (ANR), which rallied 8.1 percent Friday on reports the company is seeking to expand its metallurgical coal holdings (Bloomberg), is down $1.05 to $50.49 midday Tuesday. Meanwhile, 10,370 March 55 calls traded. The top trade is 1500 at $3.60 when the market was $3.40 to $3.60. In all, 79 percent traded at the ask and, with open interest of just 221 contracts, it looks like call buyers are opening new bullish positions in ANR. Jan 49 puts and Jan 52.5 calls are seeing interest as well. Implied volatility is up 2.5 percent to 47.

Read more at WhatsTrading.com

Close Article

Nuance Communications Inc (NUAN) $17.96 +4.97%

Nuance (NUAN) adds 71 cents to $17.82 and 16,000 calls traded on the Burlington, MA application software developer. Shares hit a morning high of $19.19 after the company released earnings after the close of trading yesterday. The stock is also in the spotlight after TechCrunch published a piece this morning dispelling the idea that Apple Computer (AAPL) is acquiring NUAN. The TechCrunch story was in response to recent comments from Apple co-founder Steve Wozniak, who in a video interview last night apparently incorrectly mentioned that Apple "recently bought the company Nuance." In any event, NUAN is off session highs and options action is brisk. December 15, 17, 19, 20 and 21 calls are the most actives. Implied volatility is up about 15 percent to 47.

Read more at WhatsTrading.com

Close Article

Electronic Arts Inc (ERTS) $14.96 -2.92%

Electronic Arts (ERTS) loses 41 cents to $15 and one strategist sells 75,000 ERTS January 20 calls at 7 cents to buy 40,000 Mar 20 calls at 25 cents. Since the Jan 20s have more than 90K in open interest, this is possibly a roll. If so, it closes out a position in Jan 20 calls opened in late-June and July. With shares down 15.3 percent since 10/11, these calls are now $5 out-of-the-money. The strategist might now be opening in March to buy an additional two months for the trade to play out.

Read more at WhatsTrading.com

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View the original article here

Silver Wheaton Enjoys Positive Broker Comments

Coca Cola Company (KO) $64.30 -0.48%

Usually the ex-div trading doesnt start until the afternoon, but today's short session has motivated some traders that engage in the strategy to get going early. More than half a million Coke calls have traded in the first hour, all in the Jan 47.5 to 60 strikes and likely a safe distance in-the-money from $64.31 current spot level. Coke nearly hit one million calls on Sep 10, the prior ex-div date, and traders are likely hoping the timing of Mondays ex-div will work in their favor, as some long call holders away for the holiday forget to call in their exercise instructions. (MCD, LO, GR, WM also seeing ex-div trades.)

Read more at WhatsTrading.com

Close Article

Pfizer Inc (PFE) $16.55 -0.85%

Pfizer (PFE) loses 17 cents to $16.52 and is one of 28 Dow stocks under water Friday morning (only MMM and CSCO are up). Meanwhile, in options action, PFE Jan calls are seeing interest. One of the top trades is 2094 Jan 17.5s at 18 cents on the ISE, and an opening customer buyer, according to ISEE data. 5200 now traded (98 percent Ask). Another 6200 Jan 20s changed hands (72 percent Ask). No news on the pharmaceutical maker today. Earnings were reported on 11/2. Shares are down 5.3 percent since that time.

Read more at WhatsTrading.com

Close Article

Amazon com (AMZN) $177.28 +5.40%

Amazon.com (AMZN) touched a new 52-week high and is up $9.49 to $177.49. Meanwhile, options is running 2X the normal after Citigroup analysts said in a note today that AMZN is the "single best play for secular growth in online retail". Earlier this week, Amazon.com unveiled a new app that allows shoppers to compare prices across brick and mortar retailers, and then buy the product instantaneously online if the best price exists at Amazon.com. Indeed, there seems to be some enthusiasm for the online retailer heading into Black Friday as the AMZN Weekly (11/26) 175 and 180 calls have both traded more than 10000X today. 90,000 calls and 60,000 puts now traded in AMZN. Implied volatility is flat at 35, compared to a 52-week high and low of 55 and 28.

Read more at WhatsTrading.com

Close Article

Massive Put Purchases in XLI, XLY, XLF

Massive blocks of puts trade on a number of exchange-traded funds midday Wednesday. 113,934 Jan 19 puts traded at a penny on the Consumer Discretionary Fund (XLY), 113,882 Financial Select Sector (XLF) Jan 9 puts at a penny each, and 113,882 Industrials Select Sector Fund (XLI) Jan 19 puts, also at a penny per contract. Given that open interest is sufficient to cover in all three contracts, the action looks closing and offsetting positions opened in mid-August. For example, on August 11 of this year, 37,962 XLF Jan 9 puts traded on the 16-cent bid and on August 19, we observed a writer of 57,000 XLI Jan 19 puts at 32 cents per contract. These appear to be very well-timed plays because stocks are broadly higher since then and the S&P 500 has added nearly 14 percent since late-August. Now, this strategist seems willing to pay a penny per contract plus the transaction costs to offset the positions, perhaps looking to free up capital and or bank the profit now rather than deal with the risks associated with holding the positions through January 2011.

Read more at WhatsTrading.com

Close Article

Istar Financial Inc (SFI) $5.63 +4.45%

iStar Financial (SFI) adds 23 cents to $5.62 and 2000 July 6 calls were sold at $1.25 each. It was part of an opening buy-write and tied to stock at $5.61 (1.64 over), according to a source on the floor. Shares are up 63.8 percent since the company reported earnings on 10/28 and announced plans to repay $1 billion in debt.

Read more at WhatsTrading.com

Close Article

EOG Resources Inc (EOG) $88.95 +0.28%

EOG adds 30 cents to $88.99 and a block of 6,160 Jan 105 calls traded at 47 cents per contract when the market was 49 to 54 cents. Looks like a call sale and possibly closing. Open interest in the contract, which is 18 percent out-of-the-money, is 13,100 and the biggest position in the name. The Houston, TX natural gas producer reported earnings on 11/2. Shares tumbled 9.3 percent on the news.

Read more at WhatsTrading.com

Close Article

AMR loses 17 cents to $8.05 and options on the airliner are busy today. Dec 7 and 9 calls were active this morning on takeover chatter, according to Briefing. Recent trades include a buyer of 7550 Jan 7.5 puts at the 50-cent asking price. It was bought and tied to shares (33 delta), according to a source on the floor. 11,140 now traded. Implied volatility in AMR is up 8 percent to 54. Delta puts were actively traded yesterday. Some players might be taking positions in anticipation of increased volatility heading into the busiest period for US travel. Things might get dicey at some of the major airports due to the recent uproar over TSA security procedures, which now include full body scans and uncomfortable law enforcement-style pat downs. According to the Associated Press, A loosely organized Internet campaign is urging people to refuse the scans on Wednesday in what is being called National Opt-Out Day.

Read more at WhatsTrading.com

Close Article

Alpha Natural Resources Inc (ANR) $50.62 -1.78%

Alpha Natural Resources (ANR), which rallied 8.1 percent Friday on reports the company is seeking to expand its metallurgical coal holdings (Bloomberg), is down $1.05 to $50.49 midday Tuesday. Meanwhile, 10,370 March 55 calls traded. The top trade is 1500 at $3.60 when the market was $3.40 to $3.60. In all, 79 percent traded at the ask and, with open interest of just 221 contracts, it looks like call buyers are opening new bullish positions in ANR. Jan 49 puts and Jan 52.5 calls are seeing interest as well. Implied volatility is up 2.5 percent to 47.

Read more at WhatsTrading.com

Close Article

Nuance Communications Inc (NUAN) $17.96 +4.97%

Nuance (NUAN) adds 71 cents to $17.82 and 16,000 calls traded on the Burlington, MA application software developer. Shares hit a morning high of $19.19 after the company released earnings after the close of trading yesterday. The stock is also in the spotlight after TechCrunch published a piece this morning dispelling the idea that Apple Computer (AAPL) is acquiring NUAN. The TechCrunch story was in response to recent comments from Apple co-founder Steve Wozniak, who in a video interview last night apparently incorrectly mentioned that Apple "recently bought the company Nuance." In any event, NUAN is off session highs and options action is brisk. December 15, 17, 19, 20 and 21 calls are the most actives. Implied volatility is up about 15 percent to 47.

Read more at WhatsTrading.com

Close Article

Electronic Arts Inc (ERTS) $14.96 -2.92%

Electronic Arts (ERTS) loses 41 cents to $15 and one strategist sells 75,000 ERTS January 20 calls at 7 cents to buy 40,000 Mar 20 calls at 25 cents. Since the Jan 20s have more than 90K in open interest, this is possibly a roll. If so, it closes out a position in Jan 20 calls opened in late-June and July. With shares down 15.3 percent since 10/11, these calls are now $5 out-of-the-money. The strategist might now be opening in March to buy an additional two months for the trade to play out.

Read more at WhatsTrading.com

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View the original article here

Analysts, Options Traders in Opposite Corners Regarding Force Protection, Inc.

Andrea Kramer (akramer@sir-inc.com)

Analysts at Morgan Keenan this morning launched coverage of Force Protection, Inc. (FRPT) with an "outperform" endorsement and a $6 price target. However, judging by today's activity in the options pits, some options speculators are betting the shares of the military manufacturer won't make it that far in the intermediate term.

Already today, FRPT has seen more than 10,000 calls cross the tape ? about 350 times its expected daily call volume. All but a handful of the contracts have centered on the equity's out-of-the-money March 6 call, which has seen 10,120 contracts change hands on open interest of fewer than 300, hinting at newly opened positions. However, the calls traded at the bid price, indicating they were likely sold.

By writing to open the March 6 calls, the sellers are essentially betting on intermediate-term resistance for the shares of FRPT. As long as the stock remains south of the $6 level through March options expiration, the written calls will expire worthless, and the sellers can pocket the entire premium received from the sale, which represents the maximum potential profit on the play.

At last check, the shares of FRPT have tacked on 1% to linger in the $5.12 region. However, the equity's upward trajectory could, in fact, run into a speed bump in the $6 area, thanks to an abundance of bullish bets. More specifically, the December 6 strike is home to more than 10,000 calls outstanding, which could exert options-related resistance in the short term.

View the original article here

Put Shoppers Flock to Whole Foods Market, Inc.

Sarah Wasserman (swasserman@sir-inc.com)

On Nov. 3, Whole Foods Market, Inc. (WFMI) reported consensus-beating fourth-quarter earnings and lifted its fiscal year guidance, which caused the shares to gap sharply higher the following day. Since then, WFMI has been consolidating in the $45 to $47 region while its 20-day moving average, now located just below $45, catches up with the shares. Going forward, a bounce off this trendline could ignite the next leg of WFMI's uptrend.

However, it appears that put players are actually betting against the organic grocer, as evidenced by today's activity at WFMI's December 44 put. Over 1,100 contracts have changed hands on this strike -- 95% of which traded at the ask price, suggesting that they were likely purchased. With just 667 contracts currently open at this strike, it appears that fresh positions are being added here today. By buying to open the December 44 put, these option speculators are betting that WFMI will backpedal beneath the $44 level over the next month.

In fact, put players have ramped up their exposure to WFMI lately, as evidenced by the equity's 10-day International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE) put/call volume ratio of 1.4, which ranks above 67% of all other readings taken during the past 12 months. In other words, speculators on the ISE and CBOE have initiated bearish bets on WFMI at a faster-than-usual pace lately.

View the original article here

NIKE, Inc. and Deckers Outdoor Corporation Strut to Record Highs

Andrea Kramer (akramer@sir-inc.com)

Both Deckers Outdoor Corporation (DECK) and NIKE, Inc. (NKE) have tagged new all-time highs today, as the shoe stocks extend Tuesday's halo lift. More specifically, sector peer Brown Shoe Co. (BWS) yesterday reported stronger-than-expected third-quarter earnings and issued solid fourth-quarter guidance, spurring optimism among the footwear industry.

After rallying as high as $71.13 earlier in the session, the shares of DECK are now flirting with the $71 level ? a gain of 2.7% from yesterday's close. From a longer-term perspective, the equity has been on fire lately, tacking on more than 22% since the start of the month, thanks to the double-barreled support of its ascending 10-day and 20-day moving averages. What's more, the stock has bested the broader S&P 500 Index (SPX) by more than 41% during the past 60 sessions, and now boasts a year-to-date advance of more than 100%.

In similar fashion, the shares of NKE skyrocketed as high as $86.97 in early trading, and are now lingering in the $86.74 area ? a surplus of 1.7% from yesterday's close. Furthermore, after springboarding off its 10-week moving average, the security is now up more than 6.5% for the month, and has outpaced the SPX by 8.3% during the past 60 sessions.

However, aside from their fundamental similarities and quest for new highs, DECK and NKE have something else in common: a lofty Relative Strength Index (RSI). More specifically, in the wake of their technical accomplishments of late, DECK and NKE now harbor RSI readings of 76 and 67, respectively ? meaning a correction could be in the cards for the footwear concerns.

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Call Sellers Bet Big Lots, Inc. Will Run Out of Steam

Andrea Kramer (akramer@sir-inc.com)

Big Lots, Inc. (BIG) bucked the broad-market trend lower on Tuesday, thanks to an upgrade to "buy" from "neutral" at Buckingham. The analysts noted the discount retailer's encouraging valuation, and predicted same-store sales growth and stronger-than-expected results for the fourth quarter.

By the closing bell, BIG had seen almost 3,800 calls cross the tape ? more than twice the number of BIG puts traded, and triple the security's projected daily call volume. However, upon closer inspection, it appears a healthy portion of the volume was actually attributable to the bears.

The security's out-of-the-money December 35 call saw almost 1,700 contracts change hands ? 75% of which traded at the bid price, suggesting they were sold. Furthermore, call open interest at the front-month strike jumped overnight, pointing to newly opened positions. By writing the 35-strike call to open, the sellers are essentially betting BIG's recent rally will run out of steam before hitting the $35 level.

Sentimentally speaking, however, bearish bets are nothing new for BIG ? at least in the options arena. The stock's Schaeffer's put/call open interest ratio (SOIR) of 2.15 indicates that puts more than double calls among near-term options. What's more, this ratio ranks in the 94th annual percentile, implying that short-term speculators have been more pessimistically positioned toward BIG just 6% of the time during the past year.

Right out of the gate today, the shares of BIG have extended yesterday's run higher, tacking on 0.1% to flirt with the $31.17 level.

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Post-Earnings Option Players Bombard Hewlett-Packard Company

Sarah Wasserman (swasserman@sir-inc.com)

Tech titan Hewlett-Packard Company (HPQ) reported on Monday that it swung to a fourth-quarter profit of $1.33 per share on $33.3 billion in revenue. Analysts had expected the Dow component to post a profit of $1.27 per share on revenue of $32.75 billion. Going forward, HPQ's new CEO Leo Apotheker said that the company would be turning its focus on research and development.

After an initial jump right out of the gate this morning, HPQ has since settled on fractional gains. Technically speaking, the shares have been hovering in the $42 to $43 region for the past several weeks, and are currently testing the support of their 10-week and 20-week moving averages.

Option activity has been rampant on the tech issue today, with volume of 95,000 contracts changing hands -- seven times HPQ's expected single-session option volume. Calls have been especially popular, with 62,000 of these bullishly oriented options crossing the tape.

Traders have set their attention on HPQ's December 43 call, with 9,720 contracts changing hands on this strike -- the majority of which crossed the tape at the ask price, suggesting that they were likely purchased. With HPQ hovering around $43.27, these 43-strike calls are right at the money.

For the record, both peak call open interest and peak put open interest for the December options series can be found at HPQ's 42 strike.

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Speculator Expects Calm Waters for Royal Caribbean Cruises Ltd.

Andrea Kramer (akramer@sir-inc.com)

Royal Caribbean Cruises Ltd. (RCL) has been a favorite target among the options crowd today, with intraday volume already surpassing the stock's expected single-session activity. More specifically, the cruise concern has seen roughly 6,300 puts and 6,100 calls cross the tape, compared to its predicted daily volume of about 2,700 puts and 1,700 calls. However, digging deeper into the data reveals that most of the activity is related in what appears to be an anti-volatility play.

Earlier today, the at-the-money January 40 strike saw about 5,500 calls and 5,500 puts change hands, with all of the blocks marked "spread." The calls traded for the bid price of $2.96, while the puts were exchanged for the bid price of $2.59, indicating that the trader constructed a short straddle on RCL for a net credit of $5.55 per pair of options.

By writing to open the 40-strike options, the investor is hoping the shares of RCL will finish right at the $40 level when January-dated options expire. In this best-case scenario, all of the options will expire worthless, allowing the strategist to retain the entire premium received at initiation. However, as long as the security settles between the $34.45 level (strike minus net credit) and the $45.55 level (strike plus net credit), the trader will bank a profit on the play.

At last check, the shares of RCL have fallen in parity with the broader equities market, giving up 2.7% to linger in the $40.50 neighborhood.

View the original article here

Spread Strategist Hopes for Breakout from Lowe's Companies, Inc.

Sarah Wasserman (swasserman@sir-inc.com)

Lowe's Companies, Inc. (LOW) has seen a surge in option activity today, with roughly 32,000 contracts crossing the tape so far -- already six times the retailer's expected daily option volume. However, upon closer inspection, it seems that one option trader is actually responsible for the bulk of today's volume.

Early this morning, 14,000 January 2011 22.50 calls crossed the tape at the ask price, while a symmetrical block of January 2011 20 puts changed hands at the bid price. In other words, it appears that we're looking at a synthetic long stock position with split strikes.

This strategy differs from its same-strike sibling in that it offers a little more downside protection to the trader. Rather than buying a call and selling a put with the same strike, the trader sells a put at a lower strike than the purchased call, which essentially gives the stock a little more room to move. In today's example, the trader is hoping that LOW will muscle above $22.50 by January.

Recently, the $22.50 level has emerged as a formidable technical foe for LOW. Despite multiple attempts during the past few weeks, the stock has been unable to close a session above $22.50 since Oct. 11.

View the original article here

Call Buyers Blitz Best Buy Co., Inc. Ahead of Black Friday

Andrea Kramer (akramer@sir-inc.com)

Best Buy Co., Inc. (BBY) was bombarded by call speculators on Monday, after the electronics retailer predicted higher "Black Friday" sales than last year. In an interview with Reuters, Executive Vice President Shari Ballard pointed to "pent-up demand" among consumers, and noted the company's efforts to best rivals like Wal-Mart Stores (WMT), including kicking off holiday promotions earlier and offering free shipping.

By yesterday's closing bell, BBY had seen roughly 14,000 calls cross the tape ? more than tripling its expected daily volume of fewer than 4,800 calls. Most popular were the out-of-the-money December 46 and 47 calls, which saw about 4,500 and 1,500 contracts change hands, respectively. What's more, the majority of the calls traded at the ask price, and call open interest at both strikes ballooned overnight, pointing to buy-to-open activity.

However, the affinity for near-term calls is nothing new for BBY, as evidenced by the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.80. Compared to similar readings taken during the past year, the equity's SOIR stands in the 31st percentile, suggesting that short-term options players have been more optimistically aligned toward BBY just 31% of the time during the past 52 weeks.

Ahead of the bell, BBY is poised to tick higher, with the stock finishing Monday at $44.86 per share.

View the original article here

Call Buyers Take Notice as Kinross Gold Corporation Bucks the Broad-Market Trend

Andrea Kramer (akramer@sir-inc.com)

Kinross Gold Corporation (KGC) has managed to buck the broad-market trend lower today, which could be the catalyst behind today's surge in optimistic options activity. So far today, the commodities concern has seen almost 9,800 calls change hands ? nearly triple its expected daily call volume, and about 14 times the number of KGC puts exchanged.

Nearly all of the volume has centered on the December 19 call, which has seen close to 7,200 contracts cross the tape on open interest of fewer than 2,000, pointing to newly opened positions. What's more, the majority of the near-the-money calls have traded at the ask price, confirming our suspicions of freshly purchased bullish bets.

From a broader sentiment standpoint, though, today's affinity for long calls runs counter to the growing trend among the options crowd. During the past couple of weeks on the International Securities Exchange (ISE), KGC has racked up a put/call volume ratio of 0.74, in the 80th annual percentile. In other words, options players on the ISE have bought to open KGC puts over calls at a much faster pace than usual during the past 10 sessions.

In the same vein, the security's Schaeffer's put/call open interest ratio (SOIR) is now docked at 0.74 ? only eight percentage points shy of an annual acme. Or, simply put, near-term options traders have been more pessimistically positioned toward KGC just 8% of the time during the past 12 months.

In afternoon trading, the shares of KGC have tacked on 0.5% to explore the $18.20 area.

View the original article here

Option Volume Soars on General Electric Company

Sarah Wasserman (swasserman@sir-inc.com)

Option traders have stormed General Electric Company (GE) today, with roughly 96,000 contracts crossing the tape -- well above the stock's expected single-session volume of just 60,000 contracts.

Today's most heavily traded option has been GE's December 16 call, with 19,741 contracts exchanged -- the majority of which crossed the tape at the ask price, indicating they were likely bought. However, with nearly 82,000 contracts currently open at this strike, it's difficult to confirm whether new positions are being added here. If these December 16 calls were, in fact, purchased to open, then it would appear that traders are counting on GE to surmount the $16 level over the next month.

With GE trading around $15.70, these 16-strike calls are just barely out of the money. However, conquering the $16 level may be easier said than done, as the shares recently slipped beneath the support of their 10-week and 20-week moving averages -- both of which are located just above $16.

Despite the stock's technical predicament, calls have been increasingly popular on GE lately. During the past two weeks, speculators on the ISE have bought to open 3.5 calls for every put, a ratio which ranks above 84.8% of all other readings taken during the past year. In other words, traders on this exchange have initiated bullish bets on GE at a much faster pace than usual lately.

View the original article here

Put Players React as Johnson & Johnson Announces Yet Another Recall

Sarah Wasserman (swasserman@sir-inc.com)

Johnson & Johnson's (JNJ) recall woes continue, as the company's McNeil unit just initiated a recall of Children's Benadryl and Junior Strength Motrin due to manufacturing insufficiencies. So far, the company has recalled roughly 4 million packages of Benadryl and 800,000 bottles of Motrin.

JNJ is down roughly 1.3% so far today, to trade around $62.80. Since September, the shares had been rallying along the support of their 10-week moving average, which had boosted JNJ back near its April highs in the $65 to $66 region. However, due to today's pullback, JNJ is now poised beneath this important trendline.

Put players have been quick to react today, with roughly 15,000 of these bearishly oriented options crossing the tape so far -- double the pharmaceutical issue's expected single-session put volume.

Today's activity has centered on JNJ's December 62.50 put, with roughly 2,700 contracts traded. What's more, the majority of these puts crossed at the ask price, indicating they were likely purchased. However, with open interest exceeding today's volume at this strike, we cannot yet determine whether new contracts are being added here today.

If December 62.50 puts were bought to open, then traders are betting that JNJ will backpedal below the $62.50 level over the next month. Alternatively, put writers could also be buying back their short positions in response to today's pullback.

View the original article here

Optimism Prevails as OmniVision Technologies, Inc. Explores Multi-Year Highs

Andrea Kramer (akramer@sir-inc.com)

OmniVision Technologies, Inc. (OVTI) was popular in the options pits on Friday, with investors honing in on the December series of options, which assumed front-month status over the weekend.

By the close, OVTI had seen roughly 7,600 calls and 2,300 puts change hands, more than doubling its expected daily volume of fewer than 2,500 calls and 1,200 puts. Attracting the bulk of the attention was the then at-the-money December 28 strike, which saw about 4,500 calls and 1,200 puts cross the tape. Most of the options traded at the ask price, and both call and put open interest skyrocketed over the weekend, pointing to buy-to-open activity.

The affinity for calls over puts echoes the growing trend on the International Securities Exchange (ISE), where speculators during the past two weeks have bought to open almost 29 OVTI calls for every put. What's more, this ratio ranks in the 85th percentile of its annual range, implying that options traders have initiated bullish bets over bearish at a faster clip just 15% of the time during the past year.

In that same vein, the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.38 indicates that calls more than double their put rivals among options slated to expire within three months. In fact, this ratio stands just 17 percentage points from a 52-week nadir, suggesting that short-term speculators have been more optimistically aligned toward OVTI just 17% of the time during the past year.

Technically speaking, the aforementioned bulls are likely cheering this morning, as the shares of OVTI have extended their quest for new highs. At last check, the security has added 2.5% to flirt with the $29.68 level ? in territory the stock hasn't explored since mid-2006.

View the original article here

Option Players Optimistic About Aetna Inc.

Sarah Wasserman (swasserman@sir-inc.com)

Insurance issue Aetna Inc. (AET) saw a surge in option activity on Friday, with roughly 44,000 contracts crossing the tape -- six times the stock's expected single-session option volume. Calls were incredibly popular, with some 33,000 of these bullishly oriented options changing hands.

Friday's accelerated call activity is nothing new for AET, which has racked up a 10-day International Securities Exchange (ISE) call/put volume ratio of 9.3. Not only does this ratio reveal that calls have been nine times more popular than their put counterparts lately, but it also ranks above 97% of all other readings taken during the past year.

Option players favored AET's December 32 call on Friday, with over 17,000 contracts traded at this strike -- the majority of which crossed at the ask price, indicating that they were likely purchased. Open interest ballooned by 15,096 contracts over the weekend, confirming that fresh bullish positions were added here. By buying to open the December 32 call, traders are counting on AET to muscle above the $32 level over the next month. The shares are currently perched at $31.17.

This bullish attitude among traders is somewhat questionable, given AET's technical performance of late. Since mid-September, the shares have been range-bound in the $30 to $32 neighborhood, with the $32 level serving as a staunch technical ceiling for the shares. In fact, AET has not closed a session above $32 since April 13.

View the original article here

Speculators Expect More Short-Term Downside for LDK Solar Co., Ltd.

Andrea Kramer (akramer@sir-inc.com)

LDK Solar Co., Ltd. (LDK) has followed the broader equities market into the red today ? and it looks like a slew of short-term speculators are betting on a continued downward trajectory for the Chinese solar concern.

So far today, LDK has seen almost 10,000 puts cross the tape ? nearly triple the number of LDK calls traded, and about four times the stock's expected single-session put volume. Attracting the most attention has been the at-the-money December 11 put, which has seen more than 8,600 contracts change hands on open interest of fewer than 1,100 contracts, pointing to the addition of new positions. Plus, 72% of the newly front-month puts have traded at the ask price, hinting at an abundance of freshly bought bearish bets.

However, today's preference for near-term puts is nothing new for LDK. In fact, the stock's Schaeffer's put/call open interest ratio (SOIR) currently rests at 3.83, suggesting that short-term puts nearly quadruple their call rivals. What's more, this ratio stands just two percentage points from an annual acme, implying that near-term options players have been more pessimistically positioned toward LDK just 2% of the time during the past year.

Elsewhere, short sellers are also ramping up their bearish exposure to LDK. During just the past month, short interest advanced by 14%, and now represents more than 23% of the stock's total available float. Nevertheless, there's still ample room for more bears on the bandwagon, as it would take fewer than two sessions to repurchase all of these pessimistic positions, at LDK's average pace of trading.

At last check, the shares of LDK have given up 1.4% to flirt with the $11.07 level.

View the original article here

Call Activity Accelerates as Netflix, Inc. Hits All-Time High

Sarah Wasserman (swasserman@sir-inc.com)

Crocs, Inc. (CROX) and Caterpillar Inc. (CAT) aren't the only stocks rallying to new highs today, as DVD diva Netflix, Inc. (NFLX) also managed to tag a fresh all-time high of $187.80. Today's technical feat is nothing new for NFLX, though, as the shares have been hitting a series of new highs since August. During this time, the stock's ascent has been underlined by strong support from its 10-week and 20-week moving averages.

Option players have flocked to high-flying NFLX today, with roughly 89,000 contracts crossing the tape so far -- more than double the equity's expected daily volume of around 32,000 contracts. Calls have comprised the bulk of today's volume, with some 56,000 of these bullishly oriented options changing hands.

NFLX's December 190 call has attracted quite a bit of attention, with over 3,700 contracts changing hands on this strike -- the majority of which traded at the ask price, indicating that they were likely purchased. With today's volume exceeding open interest at this strike, it appears that fresh bullish positions are being added here. By buying to open the December 190 call, option players are counting on NFLX to muscle above the $190 level over the next four weeks.

Despite its technical prowess, option players maintain a skeptical attitude toward NFLX, as the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.27 reveals that puts comfortably outnumber calls among options in the front three months. What's more, this ratio ranks in the bearish 64th annual percentile. As NFLX continues its record-setting rally, a capitulation by these remaining skeptics could add fresh buying pressure to the shares.

View the original article here

New iPhone app locates products in aisles at stores

Aisle411 is today launching its iPhone application for locating products in specific aisles and sections at retails stores. The application works at more than 600 stores in the U.S. and is meant to serve as a faster, more convenient way for shoppers to search and find items at stores.Application users can type in product search queries or use the voice recognition technology, powered by Nuance, to search at participating stores. For each supported store, Aisle411 also includes a comprehensive store map and store info, and UPC barcode scanning to pull up user-generated product reviews.
Generic product searches -- double sided tape, for instance -- will return search results that specify available types and brands. App users can then glance the section and aisle number for each result, select to map a product for navigational assistance or choose to add it to a shopping list.
Participating stores may also opt to include coupons and offers. The application surfaces Coupons.com offers available at stores, and highlights them in the offers portion of the app.
The service even includes a now ubiquitous checkin feature, so users can check in to stores, share their location with friends via Twitter and Facebook and earn badges and titles for their behaviors -- think becoming the "Captain" of a particular store. These features seem a bit tired and unnecessary; if there's a voice search or barcode scan, then there should be sufficient information for the service to automatically recognize that you're at a particular venue.
Aisle411 currently works at locations such as Schnucks Market drug stores and at Shop'n Save's grocery chain. Obviously, the application is limited by the fact that its application only works at participating retailers.
The idea certainly has traction, apart from the copycat checkin features. We've already seen applications and services tackle location-based rewards and in-store barcode scans (Shopkick and Checkpoints come to mind), but solving the problem of locating products in stores feels fresh and will certainly be useful to lost shoppers.
Aisle411 was founded in 2008. The company works with partner retailers to provide the in-store product search and offer experience; more retailers are said to be signing on with the startup on a daily basis. The Aisle411 app is currently for iPhone only, but similar applications for Android and BlackBerry will be released in 2011.
By Jennifer Van Grove, Mashable

View the original article here:  http://content.usatoday.com/communities/technologylive/post/2010/11/new-iphone-app-locates-products-in-aisles-at-stores/1?csp=34 

Put Players Channel DIRECTV

Sarah Wasserman (swasserman@sir-inc.com)

Put players have slammed DIRECTV (DTV) today, with roughly 6,400 of these bearishly oriented options changing hands -- triple the stock's expected single-session put volume. By contrast, fewer than 1,000 calls have been exchanged today.

DTV's December 42 put has been the star of the show, with 4,599 contracts changing hands -- 71% of which traded at the ask price, suggesting that they were likely purchased. With today's volume outstripping open interest at this strike, it appears that fresh bearish positions are being added here today. By buying to open DTV's December 42 put, option traders are counting on the digital television titan to sink below the $42 level over the next month.

The stock is currently hovering around $42.02, placing these 42-strike puts right at the money. In fact, DTV closed last week beneath its 10-week moving average, located just below $42.50, for the first time since mid-July. Going forward, this intermediate-term trendline could switch roles to act as resistance for the shares.

In fact, option players are quite skeptical of DTV, as evidenced by the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.98, which ranks above 92% of all other readings taken during the past year. In other words, short-term traders have seldom been more bearishly aligned toward the entertainment equity.

View the original article here

Novell, Inc. Jumps Higher on M&A News

Sarah Wasserman (swasserman@sir-inc.com)

Novell, Inc. (NOVL) announced this morning that it will be acquired in a private-equity-led deal valued at $6.10 per share, or about $2.2 billion. Under the terms of the deal, an entity called Attachmate Corp. will acquire NOVL and operate the company as two different business units.

As a result, the stock has added 6.5% today, and is hovering just shy of the $6 level, around $5.96. Technically speaking, NOVL has been range-bound in the $5.60 to $6.40 neighborhood since March, when the tech concern jumped on rumors that a hedge fund had offered $1 billion for the company (NOVL later rejected that bid -- but said it was open to other prospects).

Call players have flocked to NOVL today, with volume swelling to seven times the daily norm. Over 8,500 of these bullishly oriented options have been exchanged today, compared to fewer than 1,800 puts.

Today's activity has centered on NOVL's December 6 call, with roughly 5,800 contracts changing hands -- the majority of which crossed the tape at the ask price, indicating they were likely purchased. However, with some 8,000 contracts currently open at this strike, it's unclear whether call players are buying to close short positions, or initiating fresh bullish bets on NOVL.

View the original article here

Option Player Targets Lululemon Athletica inc. for a Short Put Spread

Sarah Wasserman (swasserman@sir-inc.com)

Lululemon Athletica inc. (LULU) has had a surge in put volume today, with roughly 12,000 puts crossing the tape by midday -- eight times the athletic apparel issue's expected single-session put volume. However, upon further review, it seems that today's heavy put volume isn't quite as bearish as it would initially appear.

Early this morning, 645 November 41 puts, marked "spread," changed hands at the bid price, while 645 November 40 puts, also designated "spread," crossed the tape at the ask price. By constructing this short put spread, the option strategist is essentially counting on LULU to remain above the $41 level until these November-dated options expire in five weeks.

For the record, peak put open interest for the November series can be found at the 42 strike, while the 50 strike carries peak call open interest.

Like the rest of the broad market, LULU enjoyed a nice rally in September, with the stock's ascent underlined by support from its 10-day and 20-day moving averages. However, LULU recently ran into resistance at $48, and has since retreated to the $45 level.

View the original article here

Sirius XM Radio Inc. Options Active as ?Shock Jock' Showdown Nears an End

Andrea Kramer (akramer@sir-inc.com)

Today is the day "shock jock" Howard Stern is slated to announce whether or not he'll renew his contract with Sirius XM Radio Inc. (SIRI), according to Benzinga.com. Speaking at the Bank of America Merrill Lynch Credit Conference today, Sirius CFO David Frear cautioned that because Stern has "unique content," he "could choose to go somewhere else."

As the tension builds, many SIRI speculators have taken to the options pits to place their bets on the stock's post-announcement trajectory. Garnering the most attention so far has been the equity's in-the-money November 1.50 put, which has seen roughly 5,350 contracts change hands. However, with more than 8,400 puts already docked at the front-month strike, and with nearly all of the volume traded between the bid and ask prices, we can't yet tell whether the activity consists of pre-expiration profit taking or eleventh-hour bets.

Meanwhile, the security's out-of-the-money January 2012 2-strike call has seen nearly 5,200 contracts cross the tape ? 81% of which traded at the ask price, suggesting they were bought. However, this LEAPS strike is by far the most popular among any options series, with more than 255,000 calls already in residence. In other words, we can only guess as to how much of today's volume will translate into newly opened bullish bets.

In early afternoon trading, the shares of SIRI have powered 3.7% higher to flirt with the $1.40 level. From a longer-term perspective, the equity has rallied more than 125% in 2010, and is perched atop support at its 10-week moving average.

View the original article here

Ahead of Earnings, Staples, Inc. Targeted for a Calendar Spread

Sarah Wasserman (swasserman@sir-inc.com)

Staples, Inc. (SPLS) is scheduled to report its third-quarter earnings ahead of the open on Thursday, Nov. 18, with analysts looking for a profit of 40 cents per share. SPLS has a checkered history in the earnings spotlight; in the past four quarters, the company has twice surpassed, once met, and once fallen short of, the consensus estimate.

While earnings can often have a major effect on a stock, it seems that one option player is actually betting on minimal movement from SPLS over the next few months. Early this morning, 452 December 20 puts, marked "spread," crossed the tape at the bid price, while 452 January 2011 20 puts, also deemed "spread," changed hands at the ask price. In other words, it appears that this trader initiated a long calendar spread with puts on SPLS.

In this example, the trader is ultimately betting that SPLS will remain pegged at the $20 level until December expiration. As such, the option player hopes to buy-to-close the December 20 puts just before expiration, and simultaneously sell-to-close the January 2011 20 puts. In this play's best case scenario, the trader will collect a substantial premium for the January puts (due to built-in time value) -- which will (hopefully) exceed both the cost of repurchasing the December puts and the initial premium.

For the record, SPLS has been trading between $20 and $21 since mid-September. The stock is currently perched at $20.10.

View the original article here

Call Players Pounce as DryShips Inc. Sails Higher

Sarah Wasserman (swasserman@sir-inc.com)

Transportation titan DryShips Inc. (DRYS) traveled to the earnings spotlight after the close on Wednesday, reporting consensus-beating profits. Excluding items, DRYS' third-quarter profit arrived at 38 cents per share on $225.5 million in revenue, crushing analysts' prediction for a profit of 25 cents per share on revenue of $216.9 million. In response to its better-than-expected profits, DRYS explained that the ultra deepwater market had "turned a corner" during the past few months.

As a result of this upbeat report, DRYS has sailed some 10.6% higher today, to trade around $5.74. For the record, DRYS hasn't closed a week above the $5.50 level since April 30.

Option players have flocked to place their post-earnings bets on DRYS today, with roughly 53,000 contracts changing hands -- quadruple the ocean transportation issue's expected daily option volume. Calls have comprised the bulk of today's activity, with roughly 44,000 contracts crossing the tape.

Most popular, by far, has been DRYS' November 5.50 call, with 9,702 contracts changing hands so far. What's more, the majority of these calls traded at the bid price, indicating they were likely sold. In light of today's post-earnings rally, traders may be liquidating these newly in-the-money calls ahead of tomorrow's expiration.

View the original article here

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Put Writers Count on Technical Support for PulteGroup, Inc.

Sarah Wasserman (swasserman@sir-inc.com)

PulteGroup, Inc. (PHM) has been in a steady downtrend for the past several months, with the stock's 20-week moving average providing a staunch technical ceiling for the shares since May. However, for the past several weeks, PHM seems to have found a floor at the $8 level, and is currently sandwiched between support at $8, and resistance at its 20-week trendline, which is located just above $8.50.

Judging by Friday's option activity, it seems that at least one trader is counting on the $8 level to hold as continued technical support for PHM. Late Friday afternoon, 9,600 November 8 puts crossed the tape at the bid price, implying they were likely sold. Open interest increased by over 10,000 contracts over the weekend, confirming that fresh contracts were added here. By selling to open the November 8 put, this option player is essentially counting on PHM to remain above the $8 level over the next five weeks.

Meanwhile, short interest on the shares jumped by nearly 5% during the most recent reporting period, and now accounts for a lofty 11.9% of PHM's total available float. However, with PHM pinned squarely between technical support and resistance, these bears are not likely going anywhere anytime soon.

At last check, PHM was hovering around $8.09.

View the original article here

Put Players Look Ahead to Alcoa Inc.'s December Series

Sarah Wasserman (swasserman@sir-inc.com)

Put volume has soared on Alcoa Inc. (AA) today, with roughly 36,000 of these typically bearish bets crossing the tape -- five times the aluminum issue's expected single-session put volume.

With just hours until November-dated options expire, option traders have looked ahead to the December series. The December 13 put has been a popular choice among speculators today, with some 3,200 contracts changing hands on this strike -- 64% of which traded at the bid price, indicating they were likely sold. However, with over 7,500 contracts currently open at this strike, we cannot yet confirm whether new positions are being added here today.

If these December 13 puts were, in fact, sold to open, then it would appear that traders are counting on AA to remain above $13 over the next month. Technically speaking, AA has been consolidating just above the $13 level for the past several weeks. During this time, the stock's 10-week moving average has caught up to the shares, and is now located just below $13. AA has not closed a week below this intermediate-term trendline since Aug. 27.

Elsewhere, it appears that the shorts are betting on AA to backpedal, with short interest jumping by 10.1% during the past month. These bearish bets now account for a solid 6.8% of the stock's total available float.

AA is currently trading around $13.27.

View the original article here

Ahead of Earnings, Option Activity Accelerates on Hewlett-Packard Company

Sarah Wasserman (swasserman@sir-inc.com)

Tech stocks have been in the spotlight lately, with Dell, Inc. (DELL) and Intuit Inc. (INTU) each reporting earnings on Thursday. Next up is sector peer Hewlett-Packard Company (HPQ), which will report its fourth-quarter earnings after the close on Monday, Nov. 22. For the quarter, analysts are expecting HPQ to post a profit of $1.27 per share. In the past four quarters, HPQ has exceeded analysts' expectations three times, meeting the consensus estimate in the most recent reporting period.

Option players have flocked to HPQ today, with some 45,000 contracts changing hands so far -- more than double the equity's expected single-session option volume. In fact, it seems that one option speculator is responsible for a fair portion of today's volume.

Early this morning, 5,300 December 39 puts, marked "spread," traded at the bid price of $0.57, while 5,300 December 45 calls, also designated "spread," crossed the tape at the ask price of $0.37, for a credit of $0.20 per pair of contracts. By initiating this synthetic long stock position with split strikes, the trader has a little more downside protection than he would've had with a regular synthetic long stock position (the latter of which involves buying a call and selling a put with the same strike). Essentially, the trader is betting on HPQ to muscle above $45 by December expiration. The shares are currently trading around $42.26.

Technically speaking, HPQ has been hovering between $42 and $44 for the past several weeks. For the record, the tech stock hasn't closed a week below $39 since Sept. 10.

View the original article here

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Del Monte Foods Company Rallies on M&A News

Sarah Wasserman (swasserman@sir-inc.com)

Del Monte Foods Company (DLM) touched a new all-time high of $17.72 today, as the stock rallied on M&A news. Specifically, it was reported that global asset firm KKR & Co. L.P. (KKR) is looking to acquire DLM, with rumors swirling that the deal could value Del Monte for as much as $18.50 per share. According to the reports, KKR and DLM are trying to close the deal before the food producer releases earnings on Dec. 2.

Option players have jumped on the news, with volume soaring to 27 times the daily norm on DLM, with roughly 20,000 contracts changing hands so far. Call have made up the majority of today's volume, with some 12,000 contracts exchanged.

DLM's December 15 call has been a popular choice today, with over 2,600 contracts changing hands at this strike -- 72% of which traded at the bid price, indicating they were likely sold. Given DLM's rally today, these 15-strike calls are now comfortably in the money, and may have been liquidated by option traders collecting profit on their positions.

With less than an hour until the close, DLM was sitting right at $17.50.

View the original article here

Optimism Hits a Fever Pitch Ahead of Earnings from Brocade Communications Systems, Inc.

Andrea Kramer (akramer@sir-inc.com)

Brocade Communications Systems, Inc. (BRCD) is scheduled to release its fiscal fourth-quarter figures after the closing bell on Monday. Historically speaking, the data center supplier has matched or bested analysts' per-share profit predictions in each of the past four quarters ? which could explain today's affinity for out-of-the-money calls on the security.

In afternoon trading, the stock has seen about 18,000 calls change hands, already surpassing its expected single-session volume of around 14,000 calls. Nearly all of the action has centered on the January series of options, with more than 5,000 calls traded at both the 6 and 9 strikes. In addition, the January 7.50 strike has seen roughly 2,600 calls exchanged, while the even deeper-out-of-the-money January 10 call has seen about 1,600 contracts cross the tape.

However, today's preference for calls is nothing new for BRCD, as evidenced by the security's descending Schaeffer's put/call open interest ratio (SOIR). After sliding lower during the past few months, the equity's SOIR now rests at 0.15, implying that calls significantly outnumber puts among options slated to expire within three months. In fact, this ratio now sits at a 52-week low, suggesting that short-term speculators haven't been more optimistically aligned toward BRCD at any other time during the past year.

At last check, the shares of BRCD have muscled 1.7% higher to flirt with the $5.80 level.

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Traders Write Puts on Range-Bound Kohl's Corporation

Sarah Wasserman (swasserman@sir-inc.com)

Retail issue Kohl's Corporation (KSS) saw a surge in option activity on Friday, with roughly 17,000 contracts changing hands on the session -- triple the stock's expected daily option volume.

Option players showed a preference for the December series, which assumes front-month status after the close of trading this Friday, Nov. 19. The December 47.50 put was a popular choice on Friday, with 2,109 contracts traded -- the bulk of which changed hands at the bid price, indicating that they were likely sold. Open interest increased by 2,036 contracts over the weekend, confirming that fresh positions were added at this strike. By selling to open the December 47.50 put, traders are counting on KSS to remain above the $47.50 level over the next month.

Technically speaking, KSS has been range-bound in the $50 to $55 region for the past several months. Reinforcing the lower rail of this range is KSS' 20-week moving average, which is located just beneath the round-number $50 level. Meanwhile, the $55 level has been a point of stiff resistance for the shares since May.

Despite the stock's lackluster technical performance, option players maintain a rather bullish outlook on KSS, as evidenced by the stock's Schaeffer's put/call open interest ratio (SOIR) of 0.69, which ranks just four percentage points shy of an annual optimistic peak.

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Post-Earnings Call Players Converge on China Lodging Group, Ltd.

Andrea Kramer (akramer@sir-inc.com)

China Lodging Group, Ltd. (HTHT) stepped into the earnings confessional last night, with the hotel hotshot reporting a substantial jump in third-quarter profit thanks to sharp revenue growth. What's more, the Shanghai-based company lifted its full-year forecast for net revenue growth to a range of 38% to 39%, from its previously announced range of 35% to 37%.

Regardless of the upwardly revised guidance, though, the shares of HTHT have ticked lower in early trading. Nevertheless, it appears a plethora of near-term options speculators are betting on the shares to remain north of round-number support. So far today, the stock's November 20 call has seen more than 900 contracts change hands ? 98% of which have traded at the ask price, suggesting they were bought. However, with 939 calls already open at the November 20 strike, we can't yet tell for certain how much of the volume will translate into freshly purchased bullish bets.

Meanwhile, even taking into account today's post-earnings pullback, it appears the brokerage bunch's expectations for HTHT are extremely muted. According to Thomson Reuters, the consensus 12-month price target on the security stands at only $19.09, representing a discount of 17% to HTHT's closing price of $23.05 on Monday. Likewise, short sellers have ramped up their bearish exposure lately, with short interest advancing by more than 18% during the most recent reporting period.

Technically speaking, the shares of HTHT have given up 1.9% so far today, with the equity exploring the $22.60 neighborhood at last check. From a longer-term perspective, the stock has been a broad-market laggard lately, underperforming the S&P 500 Index (SPX) by 13% during the past 40 sessions, and finishing last week south of its 10-week trendline for the first time in four months. However, the equity's Relative Strength Index (RSI) now rests at 35 ? just a hair's breadth from oversold territory.

Should HTHT stage a post-earnings rebound on the charts, the widespread skepticism on the Street could actually work to the stock's advantage. A bout of bullish brokerage attention, or a short-squeeze situation, could help the shares climb back atop trendline support.

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Priceline.com Inc. Options Activity Mixed as Shares Surge Post Earnings

Silver Wheaton Corp (SLW) $35.08 +6.46%

Silver Wheaton (SLW) is shining and options have seen a day of brisk trading ahead of the Vancouver, BC silver miner's earnings, due after the closing bell. Shares are up $2.13 to $35.08 and probably being helped by higher silver prices as well. The metal (December) is up 91 cents to $27.66. Meanwhile, 47,000 calls and 29,000 puts traded in SLW so far, which is 3X the averagre daily. Players are jockeying for position in the Nov 34, Nov 35, and Dec 35 calls as well as the Dec 32 and Dec 35 puts. Implied volatility is up 7.5 percent to 56 ahead of the news.

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Dryships Inc (DRYS) $4.82 +2.77%

Dryships (DRYS) adds 16 cents to $4.85 and is in the midst of a three-day 15.5 percent run higher. Meanwhile, options volume includes 26,000 calls and 3,040 put options, or 3X the typical volume for early afternoon. The action is scattered aross Nov, Dec and Jan calls with strike prices ranging from 4 to 7.5. The action seems to include two-way (buying and selling) in DRYS today, as directional sentiment is 45 percent bullish and implied volatility is flat 59. But earnings come into play soon (expected Nov 10, but not date yet listed on company's event calendar.)

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CommScope Inc (CTV) $32.10 +2.07%

Commscope (CTV) adds 68 cents to $32.13 and a recent options trade is a Dec 31 buy-write at 30 cents over, 500X. Looks like it has traded more than once today, as volume in the contract is now approaching 7000. Dec 32 calls are seeing interest as well. The increased activity comes after the Wall Street Journal reported that TPG Capital might make an offer for CTV that would exceed the one currently proposed by Carlyle Group. Implied volatility is flat at 13.5.

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MGM Resorts International (MGM) $12.61 +4.13%

31,000 call options already traded in MGM Monday morning, which is about 10X the put volume so far. Shares have added 46 cents to $12.57 and Dec 14 calls are the most actives. 11,580 traded. Nov, Dec and Jan calls with strike prices ranging from 12 to 15 are seeing interest as well. Mad Money's Jim Cramer recommended MGM on the latest episode, saying "Las Vegas is Back" and noting that he has been on a roll in the sector after recommending WYNN and LVS.

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Las Vegas Sands Corp (LVS) $51.70 -0.60%

Very aggressive selling in Las Vegas Sands (LVS) heading into the closing bell. Shares notched a new 52-week high this afternoon of $55.47 before coming under fire. The stock is now off 35 cents to $51.74 and 6.7 percent from its best levels. The aggressive selling might be a long-awaited round of profit-taking. Shares were in the midst of a 10-day 46 percent winning streak and bullish sentiment was boiling over. Today alone, 252,000 calls traded on the casino operator.

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Starbucks Corp (SBUX) $31.08 +4.47%

Starbuck's (SBUX) adds $1.25 to $31 and 22,400 Nov 30 calls are sold at $1.21 per contract. This likely exits a position from last Friday when 20,755 traded at 47 cents (apparently a roll out of Nov 28 calls). Shares are up on earnings news today and have added 8.5 percent on the week. The investor is apparently looking for additional upside as well. A block of 23,000 Dec 32 calls were also bought-to-open at 71 cents today.

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Citigroup Inc (C) $4.47 +3.23%

Very brisk trading in Citi (C) Friday morning. Shares add 15 cents to $4.48 amid a rally in the banking names and 831,000 options trade on Citi in a little over one hour, which is about 8X the norm. The action includes 612,000 calls and 220,000 puts. The top trade is a Dec 4 - Jan 4.5 call spread, sold at 23 cents, 60000X. It might be a roll out of the in-the-money Dec 4 calls and into a new bullish position in the out-of-the-money 4.5 calls. Another noteworthy trade is a Dec 4 straddle bought at 60 cents, 15000X, which is possibly a closing trade. Meanwhile, implied volatility in Citi is moving higher, up 2.5 percent to 36.5 today and about 22 percent since Wednesday. High options volume and increasing implied volatility seems to reflect expectations that Citi shares could begin to see wider price swings in the weeks ahead.

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JP Morgan Chase and Co (JPM) $39.28 +4.14%

JP Morgan (JPM) shares see a late day surge on heavy volume, now up $1,50 to $39.22. Recent trades include a block of 8400 Jun 45 alls at $1.42 and 5000 Nov 43 calls at a nickel. 125K calls and 77K puts now traded on the bank. \n
\nApparently, the euphoria is related to a Dow Jones story that regulators might soon allow strong banks to raise dividends -- if they meet certain requirements. Headline reads:\n
\n"Bank Stocks Steepen Gains As Fed Allows Dividend Increases", Dow Jones.

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Potash Corp (POT) $141.12 -3.01%

Potash (POT) is off $4.23 to $141.27 and options are actively traded after Canadian regulators blocked BHP's bid for the fertilizer maker. Shares sank on the news late yesterday. Today, 135K calls and 100K puts traded in Potash so far. While November 135 and 140 puts are the most actives, a recent trade seems to reflect hopes for a rebound between now and mid-December, as one strategist bought the December 150 - 160 call spread at $1.95, 15000X on CBOE.

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Qualcomm Inc (QCOM) $48.31 +5.73%

Qualcomm (QCOM) gapped at the open and is up $2.69 to $48.38 after reporting a fiscal fourth quarter profit of 68 cents, which beat Street estimates by 9 cents. The chipmaker also reaised guidance for the first quarter and 2011. Shares are up and recent options trades include a Jan 44 - 52.5 risk-reversal, at 20 cents, 12500X on PHLX. We're being told the investor bought puts and sold calls, in an opening trade tied to 550K shares are $48.45. Separately, an investor apparently bought the Dec 47 - 50 strangle at $1.96, 6080X, which also looks opening.

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Call Traders Stampede to Cisco Systems Inc. Ahead of Earnings

Joseph Hargett (jhargett@sir-inc.com)

Traders still have to slog through another two trading sessions before networking giant Cisco Systems Inc. (CSCO) will release its quarterly earnings report, and if recent activity in the options pits is any indication, the stock could continue to see call open interest rise. For instance, volume swelled to more than 141,700 contracts on Monday, more than doubling CSCO's daily options activity. Some 76% of this volume traded on the call side of the coin.

As a result of the recent call activity, CSCO's Schaeffer's put/call open interest ratio (SOIR) has slipped from its post October expiration perch near 1.10 to its current perch at 0.98. There appears to be additional room on the bullish bandwagon, as the current SOIR arrives above 80% of all those taken in the past year.

Turning to the International Securities Exchange (ISE) and Chicago Board Options Exchange (CBOE), we find that nearly four calls have been bought to open for every one put purchased in the prior two weeks. The resulting 10-day call/put volume ratio arrives just 11 percentage points shy of an annual bullish peak.

CSCO is also trading below peak front-month call open interest at the 25 level. More than 46,000 calls reside at the November 25 strike, creating a potential layer of options-related resistance overhead. Taken together, these readings indicate that CSCO has its work cut out for it when it steps into the earnings confessional after the close of trading tomorrow night.

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Total SA Flooded by Call Volume Ahead of Ex-Dividend

Joseph Hargett (jhargett@sir-inc.com)

Shares of French oil giant Total SA (TOT) surged higher on Thursday last week, after the company announced a joint venture with China Power Investment Corporation (CPI) to build a coal-based petrochemical plant in China. However, the equity was stopped cold at the $58 level - an area that has a history of providing both technical support and resistance for TOT. The stock has since moderated, finding support in the $55.50 region. In fact, the equity appears poised to rebound from this region this morning.

On the options front, traders snatched up calls at a rapid pace yesterday, with volume surging to more than 200 times TOT's daily average. What's more, practically all of this volume - 99.6% according to WhatsTrading.com - traded on the call side. A closer look at TOT reveals that the stock goes ex-dividend today, meaning that most of yesterday's volume was probably associated with a dividend capture strategy. In fact, the stock's Schaeffer's put/call open interest ratio (SOIR) of 1.60 arrives higher than 96% of all those taken in the past year, pointing toward an overriding level of pessimism among options traders.

This negativity has spilled over into the stock's analyst backdrop, as Zacks reports that four of the seven brokerage firms following TOT rate the shares a "hold." If the stock can continue its recent technical strength, rallying more than 19% off its August low near $46.26, it could shake some of these bearish holdouts from their positions.

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Market investment basics-learn the very basics of stock market here

Want to learn the basics of stock market investing? Continue reading this article that will teach the basics of stock market.

Basics of stock market investing

Here are the basics of stock market

Putting your money Investing = work for you. There are many ways to do this, like putting money in stocks, bonds, mutual funds or real estate.These are known as investment vehicles.

The long view is important when it comes to investing. how long are you willing to invest your money, because the more you'll make.Invest your money by time periods also increases the power of compound interest.

Shares are shares owned by a company.Owning a stock is like owning a piece of the company.

Owning stock doesn't mean you have a say in the functioning of the company's day-to-day. It however give you vote to the Board of Directors is elected, it also entitles you to receive dividends (a share in the profits of companies)

Note that stocks have limited liability, which means that the company is unable to pay its debts you will not be held accountable.

are two main types of stocks.are common and preferred shares.

Shares are traded on stock exchanges, where buyers and sellers meet and decide on a price. exchanges most famous are the New York Stock Exchange (NYSE) and Nasdaq.

Stock prices move upwards and downwards because of supply and demand, prices also move up and down based on what investors feel that the company worth. at the end of the day, the main factor affecting the stock price is the amount of profit that the company does.

To buy stocks you need a broker. This is someone who has the necessary qualifications and is legally entitled to purchase to buy stocks.

Brokering is a firm of stock brokers. There are two types full-service and discount Full more service charges and will give you expert advice, as well as personally manage your portfolio, discount charges less, but it gives much less attention individualizada.com the emergence of the Internet also has now online brokers (the choice more popular today)

Bull and bear is terms used to indicate where the market is going. a bull market, a large economy = high levels of employment and increase in stocks. a bear market = bad economy, high unemployment and falling stock prices.

These are the stock market investing basics, you'll need to know if you found it difficult to understand only persist and remember-the stock market is not as difficult as it was made out to be really. did you enjoy this article? for more information about the stock market just like it, visit my site by following the links below.

Want to discover the real truth about making money with the stock market http://www.stockmarketinvesting101.org? visit for highest quality tutorials stock market that will have to make money in no time at all.

ETF trading lessons of the recent stock market Flash hit on May 6, 2010!

As a stock trader or an ETF trader you must be wondering what happens in the world happened that day and how you can take care to avoid such unpleasant one trading day. So, let's discuss what happened that day and that lessons as a stock trader or a trader of the ETF.

Populations were already having a bad day on 6 may due to the debt problem and riots in Greece, the elections in the United Kingdom, credit freeze in Europe when subjects were from bad to worse the catastrophic even for some blue chip stocks.In a matter of a few hours, the Dow JONES had lost something like 1000 points but fortunately things back to normal soon.

Now, can be traded ETFs like shares throughout the day without any problem.But not on the same day As the stock market plunged, liquidity dries quickly. When the circuit breakers in the New York Stock Exchange (NYSE) stopped trading of certain stocks, ETFs based these shares plunged too.

Within minutes, stocks and ETFs were being sold from 50 to 90% discount. Let's take the example of iShares Russel1000 Growth (IWF).This is an ETF popular with approximately three million actions being traded daily. what this means is that you have good liquidity. But on May 6 before the stock market plunge, shares of IWF were selling for $ 49.70 and $ 44.23 and just $ 19. 98. But I hope that when the market has become normal, prices of IWF ETF also returned to $ 49 per share.

Then this flash stock market crash of real was not an accident, but he panicked almost all market participants. It is expected that the market was soon back to normal. However while thinking about this stock market crash of brief, the following lessons are very important and you should think about them;

1. always use limit orders and avoid placing market orders.

2. Always think before you put the Stop Loss.Keep on Updating the Stop Loss, as its stock or ETF price increases. otherwise, you have to sell their shares or ETF a much lower price than you wanted.One way of doing this is the EU a mental stop loss.You can also use a trailing Stop Loss.

In any case, this bag Flash crash frightened many marketers. many experts blame computerized trading for such failures of stock market flash. you must be careful as it can be repeated again!

Mr. Ahmad Hassam did masters degree at Harvard University. read this free 52-page guide ETF Trading. watch this strange Stock Trading video 30 minutes only now!

Complete guide to the stock market

The stock market can be defined as the public market for the trading of listed company various stocks and derivatives the corresponding price. Their size was estimated at about $ 36.6 trillion u.s. in the first week of October the. anyone can participate in the stock market, whether stock investors small or large capitalization merchants. According to the securities contract Regulation Act (SCRA), 1956, sets the handbag as any body of individuals constituted watching, regulate or control the business of buying, selling or trading of securities.

The stock market is one of the most important sources for companies raise money. It enables companies are publicly traded, or to raise additional capital for expansion by selling shares of the company's property in a public market.Liquidity that provides an Exchange, allows investors to quickly and easily sell titles. This is a feature attractive to invest in shares, compared with other less liquid as real estate investments.

The investor should have some points in mind when investing in the stock market:

1. Verify that your broker is registered with SEBI and exchanges and not deal with unregistered intermediaries.

2. Ensure that you receive the contract notes for all your transactions from your broker within one working day of execution of trades.

3. don't get duped by rumors of market as a proclamation and ' hot tips ' day.

4. invest in stocks with very low prices or which are known as Penny does not guarantee high returns.

5. Be cautious about the stocks that show a sudden surge in the price or trading activity.

BSE or Bombay Stock Exchange is the oldest stock exchange in Asia that has a past rich commercial inventory in the country.Is the first stock exchange in India who obtained permanent recognition from the Government of India under the regulation of securities, 1956.This facilitated the growth of the indigenous business sector, providing efficient access to a large pool of financial resources. at present, BSE is Exchange of world's number one in terms of number of listed companies.The BSE index is first stock market index of India that enjoys an iconic stature. is an index of 30 shares representing 12 major sectors.

Speaking of NSE or National Stock Exchange, is the leading stock exchange of India, covering several cities and towns across the country she was created by sector institutions to provide a modern, fully automated screen-based trading system within national. Exchange has brought about the speed and efficiency, security and integrity of the market has played a catalytic role in reforming the Indian securities market in terms of micro structure, market practices and trading volumes. market uses state of the art information technology to provide an efficient and transparent trading, clearing and settlement mechanism and has witnessed several innovations in stock trading services.

These days, exchanges has tied-up with several leading names in the virtual world of Internet and mobile communication to provide up-to-date knowledge for subscribers of news alerts, stock market news alerts, NSE BSE etc. These alerts pouring second-by-second all the information about both, NSE and BSE stock twinlab, thus helping investors dormant updated about the latest movements in Indian stock scene.

The author is a business writer specializing in financing products and credit, and authoritarian has written articles on industry finance. He did his Masters in business administration and is currently helping Paisawaisa as a specialist for funding more know about updates stock market, NSE stock compete.com http://www.paisawaisa.com/ visit