Archive for August 11th, 2009

Broadcom Put Options Elevated Activity (BRCM)

Nothing looked that unusual today in shares of Broadcom Corp. (NASDAQ: BRCM).  At least not until we did an end of day screening.  The September PUT options were very active with over 20,000 contracts trading for that put options that expire on Sept. 18.  That is over 3-times normal volume and over 19,000 came from [...]

Heavy Options Betting Against Christmas Retail (XRT, CHS, GPS, GYMB, JCP, RSH)

SPDR S&P Retail (XRT) is seeing a large bearish bet on Christmas shopping with a 15,000 contract December $31/$27 put spread for $1.45 financed via the sale of 15,000 December $34 calls at 41.45, a costless trade bearing a lot of risk and showing conviction that retail is sue for a set back.  Large holdings [...]

China Green Agriculture Already Hit Full Day's Volume (CGA)

China Green Agriculture, Inc. (NYSE/AMEX: CGA) is far from our normal coverage.  But a screen this morning had it bumping against 52-week highs of $14.00 on extra volume.  At 10:20 AM EST we have shares up 4% at $13.80 on 577,000 shares.  Average volume is 570,000 shares and the 52-week range is $1.84 to $14.00.  [...]

CIT Spanking (CIT)

CIT Group, Inc. (NYSE: CIT) is getting hammered again.  It has delayed its 10-Q filing amid restructuring, and the word is out that it may have to file for bankruptcy protection.  As of 8:48 AM EST we have seen 5.5 million shares trade and the stock is down 20% at $1.18.  Average volume is 65 [...]

Price/Volume Alert: RINO International (RINO)

RINO International Corporation (NASDAQ: RINO) is a bit thin this morning but was very active in the after-hours session Monday.  Last night it traded almost 240,000 shares and went out down over 16% at $13.96.  This morning we have seen 25,000 shares trade as of 8:39 AM EST and we have shares down 17.5% at [...]

Price/Volume Alert: Angiotech (ANPI)

Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI) announced that Cook Medical, a license holder of its paclitaxel technology, reported a CE Mark approval and limited commercial launch of the Zilver PTX Drug-Eluting Peripheral Stent in Europe.  This cover peripheral artery disease.  Shares are up over 30% at $2.20 at 8:30 AM EST on over 200,000 shares.  The [...]

Bunge Knocked on Secondary (BG)

Bunge Limited (NYSE: BG) has commenced an underwritten public offering of 10 million common shares to repay outstanding indebtedness and for other general corporate purposes via Morgan Stanlet and Credit Suisse.  Volume is thin so far but the stock is down almost 4% at $68.07 as of 8:26 AM.  Average volume is 1.65 million shares, [...]

Avanir Top Biotech Surge (AVNR)

Avanir Pharmaceuticals, Inc. (NASDAQ: AVNR) is up huge and may be the top mover this morning after showing positive Phase III study results for Zenvia.  The investigational drug Zenvia met its primary efficacy endpoint in the treatment of pseudobulbar affect in the confirmatory Phase III STAR trial. The company said that both Zenvia 30/10 mg [...]

Anadys Pharma Surges on News (ANDS)

Anadys Pharma (NASDAQ: ANDS) may not be one of the exponential runners, but there is action here this morning.  The company announced that its ANA773 demonstrated significant antiviral response in early clinical trial in Hepatitis C patients in the Phase I clinical trial of ANA773, its oral inducer of endogenous interferons that acts via the [...]