Alcoa Call Option Activity Raises The Flags (AA)
We have seen some very unusual options trading in the options for ALCOA INC. (NYSE: AA) today. In fact, these are the sort of trades that make traders yell out “buyout speculation” or that start rumors. We do not know if that is the case or not, but this is the sort of trading that [...]
Price/Volume Surge: CTRIP.COM (CTRP)
We are seeing a large price gain of over 17% in CTRIP.COM INTERNATIONAL (NASDAQ: CTRP) this morning. This is after the strong earnings report that showed a 30% revenue rise with a 34% earnings gain. More importantly, we have seen over 3 million shares trade hands when the average volume on this one is only [...]
Traders Flock to GOLD ETF Options (GLD)
We are seeing a large trading interest in gold options today, via the SPDR Gold Shares (NYSE: GLD). It seems the inflation and commodity bugs might be watching that huge CPI number from this morning. The ETF has only traded about 3.5 million shares today (averag 12.5 million shares). But there have been more than [...]
PRICE/VOLUME SURGE: PMI GROUP (PMI)
PMI Group (NYSE: PMI) is having a huge day. Shares are up more than 50% right after the open after the company announced it is selling its Australian operations. The sale price is $920 million on the surface, although 20% is via a promossory note that appears subject to performance measures. As this company is [...]
Today's Largest Implosion: Power Medical Interventions (PMII)
It looks a lot like Power Medical Interventions, Inc. (NASDAQ: PMII) should have had its own intervention. The company released earnings yesterday and Wall Street isn’t trusting its addressing challenges that slowed the adoption of its new products. Sales were only $2.2 million, which was flat and more importantly the company lowered its guidance. It [...]
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