Archive for the 'Options' Category
Option update: Bear Stearns (BSC) puts active on liquidity rumors
Bear Stearns (NYSE: BSC) is recently down $3.73 to $58.67.
BSC said on March 10 that there is “no truth to liquidity rumors.” BSC is expected to report Q1 EPS on March 20. Buckingham Research says, “Liquidity concerns overdone, but lowering 1Q08 on Mortgage woes.”
BSC shout option volume o…
MasterCard (MA) rises on Fed action
MasterCard Incorporated (NYSE: MA) shares are rising following the Federal Reserve’s announcement that it will make $200 billion worth of Treasury securities to financial institutions in an effort to stave off a recession and fight the credit crunch. whether you think that the company won’t fall…
Option Update: Freeport McMoRan volatility elevated as gold approaches $1000
Freeport McMoRan (NYSE: FCX), a gold and copper mining company, closed at $93.97 Monday.
Gold is recently up 1.23% to $983.80 according to Bloomberg.
FCX overall option implied volatility of 56 is above its 26-week average of 50 according to Track notes, suggesting larger price movement.
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Option update: Texas Instruments volatility Flat into Q1 mid-quarter update
Texas Instruments Incorporated (NYSE: TXN) 1Q 2008 mid-quarter update is scheduled for March 10:
Bank of America (NYSE: BAC) says “We expect TI to tighten its range of revenue outlook around or slightly below the midpoint of prior guidance of $3.27B - $3.55B.”
TXN March option implied vola…
Option update: Apache volatility at 38 as shares approach record high on $104 oil
Apache Corp. (NYSE: APA), an oil and gas exploration and development company, is recently trading at $115.10. Crude oil futures are at $104.10, up 4.60% according to Bloomberg. APA by all option implied volatility of 38 is above its 26-week average of 34 according to Track notes, suggesting larg…
Option update: Newmont Mining volatility flat as gold rallies 2.3% to $988
Newmont Mining (NYSE: NEM), the world’s largest non-hedged gold producer, is recently up $1.53 to $51.63. Gold is recently up 2.31% to $988.60, according to Bloomberg.
NEM April option implied volatility of 42 is approach its 26-week average of 40 according to Track input, suggesting non-dire…
Option update: 3-3-08; Borders puts active at Elevated prices into EPS; shares approach 12-year low
Borders(NYSE:BGP) is recently down 29c to $8.97. BGP is expected to report Q4 EPS on March 20. Alex Brown has a Hold rating on BGP. BGP sign option volume of 407 contracts compares to put volume of 5,297 contracts. BGP March 10 straddle is priced at $1.90. BGP April option implied volatility of …
Option update: Borders puts active at elevated prices into EPS
Borders (NYSE:BGP) is recently down 29 cents to $8.97, approach 12-year low. BGP is expected to report Q4 EPS on March 20. Alex Brown has a Hold rating on BGP. BGP shout option volume of 407 contracts compares to put volume of 5,297 contracts. BGP March 10 straddle is priced at $1.90. BGP April …
Option update: XM Satellite Radio volatility elevated into DOJ merger decision
XM Satellite Radio (NASDAQ: XMSR) is recently down 24cents to $11.87. XMSR and Sirius (NASDAQ: SIRI) announced in February 2007 a merger of equals. XMSR shareholders will get 4.6 SIRI shares for each XMSR share.
The station of Justice (DOJ) is expected to invent a ruling on the SIRI-XMSR merg…
Option update: Akamai calls heavy with low volatility on unconfirmed buyout chatter
Akamai Technologies (NASDAQ: AKAM) is recently up 89cents to $34.29 on unconfirmed takeover chatter. AKAM offers services for accelerating substance and commerce processes online. AKAM March 35 calls have traded 191 times on transaction volume of 6,671 contracts. AKAM March 40 calls have traded …
Option update: Kohl’s volatility elevated as comparable Q4 store sales decline 4%
Kohl’s (NYSE: KSS) closed at $45.24 Thursday.
Goldman Sachs says: “expect shares to trade flat to modestly higher following an in-line quarter and setting of an achievable F08 earnings bar.”
KSS April option implied volatility of 46 is above its 26-week average of 40 according to Track inf…
Option update: MF Global volatility spikes as shares down 26% on unauthorized trade
MF Global (NYSE: MF), a broker of exchange-listed futures and options, is recently down $7.20 to $22.02 after disclosing a naughty debt provision of $141 million in response to unauthorized personal trading activity by one of the company’s registered representatives.
Deutsche Bank says: “this…
Option update: Northrop Grumman volatility low into Pentagon decision on aerial tankers
Northrop Grumman (NASDAQ: NOC) is recently up 72 cents to $80.16.
The Pentagon is expected to announce a deal valued up to $40 billion to replace 179 planes in its fleet of aerial refueling tankers on February 28 or 29. Cowen says, “Boeing’s (NYSE: BA) 767 tanker is apt to be politically favo…
Option update: Fannie Mae volatility up as FNM at 12-year low
Fannie Mae (NYSE: FNM) reported Q4 loss per share of $3.79 versus consensus estimates of a $1.24 loss per share as its mortgage assets deteriorate.
FNM is recently trading at $24.95 in pre-open trading, below its shut of $26.97.
FNM March option implied volatility of 84 is above its 26-wee…
