Archive for October 15th, 2009

Options Traders Increase Activity in IBM Ahead of Earnings (IBM)

International Business Machines Corp. (NYSE: IBM) is on deck for earnings this afternoon, and traders have begun their last minute bets by using call and put options.  The OCT-2009 CALLS and PUTS expire tomorrow at the close, so these bets are right around the closest strike prices only.  We have included the OCT-2009 CALLS and [...]

GE Options Used by Traders Ahead of Earnings (GE)

General Electric Co. (NYSE: GE) is starting to see some elevated put and call option trading activity ahead of tomorrow morning’s earnings release.  With shares already up so much off the earlier lows under $10.00 this year, this may not be of any surprise as the bets for and against the stock are put on [...]

Index Funds Creating Elevated Pfizer Activity (PFE, WYE)

Pfizer Inc. (NYSE: PFE) is closing its long-standing acquisition of Wyeth (NYSE: WYE).  Because this is a cash and stock merger, it did create an event where S&P 500 Index-tracking mutual funds have had to start buying more shares to account for an increased weighting that Pfizer will have in the S&P (Ditto for Russell).  [...]

Traders Using Google Options Over Stock For Earnings Play (GOOG)

Google Inc. (NASDAQ: GOOG) is reporting earnings after the close.  It seems now that the stock has recently hit 52-week highs that many traders are using call options and put options as the cheaper way to make bets rather than paying $530.00 per share.  These are the OCT-2009 options alone, which expire at tomorrow’s closing [...]

CKX Exponential Volume, Partly on Reporting Error (CKXE)

CKX, Inc. (NASDAQ: CKXE) has seen an exponential volume alert today, and the company is attributing the exponential volume rise and the price drop to an error reported by Dow Jones.  The company issued a statement “correcting the factual errors in an article that ran on the Dow Jones Newswires late in the afternoon on [...]

OPTIONS ALERT: Refineries (SUN, VLO, FTO, TSO)

Refiners are gaining today after inventory data showed improving utilization rates.  As one of the few groups yet to rally in this market, and  most  expecting a Q3 that is just as, if  not  worse, than Q2, optimistic traders are scooping up chunks of calls for November.  Also, many companies such as Sunoco (NYSE: SUN) [...]

Linktone Sees Exponential Trading Volume (LTON)

Linktone Ltd. (Nasdaq: LTON) is surging on news that the wireless interactive entertainment company in China has entered into a mobile video agreement to make video highlights of Major League Baseball games available to customers in China with China National Radio Mobile Media (Beijing) Co. Ltd.  This is traditionally a low volume stock with only [...]

Financial Titans Fall on Earnings (GS, C, SCHW)

The major financial firms reporting earnings this morning are all lower, despite the notion that there were no misses on earnings.  Goldman Sachs Group Inc. (NYSE: GS) posted a monster number on the surface with $3.03 billion in net income.  The investment banking giant, or bank holding company with no banking operations, posted $5.25 EPS.   [...]

Acorda Volume Goes Exponential Before Market Open (ACOR)

Acorda Therapeutics, Inc. (NASDAQ: ACOR) is getting some of its lost mojo back.  The company’s fampridine-SR for multiple sclerosis was given a favorable FDA panel review yesterday in a 12-1 vote in support of a future marketing approval for the drug.  The stock was halted yesterday and FDA comments last week battered the stock.  This [...]