Volume Spike Investor

We are seeing some unusual call option activity in Apple Inc. (NASDAQ: AAPL) today.  Because of the number of strike prices, it is impossible to tell how these are all being used.  Most likely it is ahead of Friday’s expiration and is likely roll-out trades in the options moving from August to September while there [...]

M&T Bank Corp. (NYSE: MTB) is active with a large trade lighting up the unusual actions screen as a 10,000 contract bearish October $45/$40 put spread trades.  This is notable considering shares are at $58.11, as the trade, which is definitely of institutional size, is anticipating shares of the Northeast bank to fall around 30% [...]

Novavax Inc. (NASDAQ: NVAX) is soaring on news that its experimental H1N1 swine flu vaccine was effective in animal tests.  The vaccine won’t be approved nor ready for commercial use in humans for two years.  At 8:53 AM EST we have already seen over 650,000 shares trade hands and th last print has the stock [...]

Huron Consulting Group Inc. (NASDAQ: HURN) is surging after the company gave an update.  It reported $165.8 million in revenue, just above estimates of $165 million. Its GAAP EPS was $0.47 and non-GAAP was $0.84 EPS vs estimates of $0.45 EPS.  Huron also noted it filed restated financials for years 2006, 2007, 2008, and quarterly [...]

CIT Group, Inc. (NYSE: CIT) has pulled an about-face on traders this morning.  Shares were indicated down about 4% after showing a $1.62 billion loss for the quarter and after increasing reserves to account for future losses. Its tender offer for $1 billion in floating-rate notes was successful, although the 59.8% of notes that were [...]

Trina Solar Ltd. (NYSE: TSL) is trading up over 3% after the Chinese solar player managed to beat earnings estimates.  We would note here that there is a negative bias on the sector and many ‘sell the news’ trends have been seen whether the news was good or bad.  At 8:28 AM EST we have [...]

The Home Depot, inc. (NYSE: HD) managed to do better than rival Lowe’s Companies (NYSE: LOW).  The earnings were down 7% on lower sales but the home improvement retailer’s beat expectations  and which looked much “less-bad” than Lowe’s.  At 8:25 AM EST we have shares up 4% at $27.15 on over 170,000 shares traded.  This [...]

Geron Corporation (Nasdaq:GERN) is getting clipped and clipped hard.  The stem cell leader is trading down right at 15% to $6.17 as of 8:18 AM EST and we have already seen about 120,000 shares traded this early.  The company announced that its IND application for a stem cell therapy for spinal cord injury has been [...]

Research in Motion Ltd. (NASDAQ: RIMM) is trading higher this morning.  We have seen only about 32,000 shares trade as of 8:15 AM EST but shares are up 2.5% at $72.30 after the BlackBerry maker saw its price target increased to $150 from an already-high $100 at RBC Capital. This is effectively now calling for [...]