Archive for August 13th, 2008

Elevated Options Trading in Washington Mutual (WM)

While you never know what the exact bets are, we are seeing some continued elevated trading volume in the Washington Mutual Inc. (NYSE: WM) Call options.  Some of the volume is in the current expiration month and some is very far out on the curve.  You can see the volume aith the corresponding open interest: [...]

Short Squeeze Alert: Cree Inc. (CREE)

Cree Inc. (NASDAQ: CREE) isn’t the normal trading alert stock in pre-market mornings.  But the company posted a 31% profit gain yesterday that exceeded most estimates from analysts.  More important were the comments on strong demand as the compounds and semiconductor materials maker has been having a rough time of late. Shares closed yesterday at [...]

Price/Volume/News Tanker: Canadian Solar (CSIQ)

Canadian Solar Inc. (NASDAQ: CSIQ) is seeing a battering this morning after its earnings are disappointing to the solar bulls.  The company posted $0.36 EPS (after $10+M charges) on a 24% revenue gain to $212.6M versus estimates from First Call of $0.47 and $206.8M (see below for better comparison). The company sees Q3 revenues of [...]

Price/Volume Alert: Level 3 (LVLT)

Level 3 Communications Inc. (NASDAQ: LVLT) is rather active in pre-market trading.  The company’s stock was cut to “Underperform” at Oppenheimer this morning along with a couple other communications carriers.  As of 8:55 this has traded over 150,00 shares and the stock is down nearly 5% at $3.23.  What is surprising more than the drop [...]

Today's Key Volume Trading Target: NVIDIA (NVDA)

NVIDIA Corporation (NASDAQ: NVDA) is leading the stocks pre-market as the most active NASDAQ trading issue, although it isn’t really the highest gap-up seen.  Shares are trading up about 5% at $11.63 pre-market at 8:45 AM ESTand we have seen about 513,000 shares trade hands.  The company’s earnings were a disappointment to most since it [...]