Archive for October 21st, 2009

Credit Suisse Sees Options Gaining (CS)

Credit Suisse Group (NYSE: CS) is trading 9X average call volume with action all through the day at the November $60 calls, with a few 500+ blocks bought.  This is a high dollar volume action with the calls trading north of $2.50 much of the day.  Credit Suisse may be the next financial to post [...]

Big Barrick Options Bet (ABX)

Barrick Gold Corporation (NYSE: ABX) is trading just under $39.00, yet there is a very bullish bet that was made.  The Jan-2011 $55.00 CALLS saw some 20,001 contracts trade today versus a prior open interest of 10,964 contracts.  There was no other side taken in the PUTS and this was larger than the entire open [...]

Big Expedia Pre-Earnings Options Bet (EXPE)

Expedia, Inc. (NASDAQ: EXPE) is set to report earnings next week before the market opens on October 29. We have seen 3.66 million shares trade today versus 3.8+ million shares on average.  While the gain is over 3% at $26.38, that is very pale in comparison what we saw in options trading today.  We have [...]

Sun Sees Options Activity Increasing (JAVA, ORCL)

Traders appear to be increasing their bets for and against an ultimate approval of the Sun Microsystems (NASDAQ: JAVA) and Oracle (NASDAQ: ORCL) deal based on the jawboning and fat-chewing that the European Commission is holding the merger up and only making Sun lose more money than it would have.  Here is the PUT OPTIONS [...]

Huge Spike in Caterpillar Call Option Trading (CAT)

We have just seen a huge move in call options activity in Caterpillar Inc. (NYSE: CAT) today.  While this is a implied as a bullish bet, that means someone else took the other side of the trade.  It is also odd that you would see this sort of trading in the few days after its [...]

Polycom Plays Biggest Morning Loser

Polycom Inc. (NASDAQ: PLCM) is trading sharply lower this morning.  The communications provider reported that third-quarter earnings fell by about 24% on lower sales.  The company pointed toward sequential revenue growth and a rise in orders. After more than doubling that was not good enough. Shares were down 5.2% at $25.00 on only 35,000 shares [...]

Intuitive Profit Taking (ISRG)

Intuitive Surgical Inc. (NASDAQ: ISRG) is not trading that many shares yet, but shares are getting clipped before the open.  The DaVinci robotic surgery machine maker reported net income of $64.5 million, or $1.64 EPS and said revenue rose to $280.1 million from $236 million a year earlier.  Estimates were roughly $1.44 EPS on $256 [...]

Yahoo! At 52-Week Highs (YHOO)

Yahoo! Inc. (NASDAQ: YHOO) is trading up in the pre-market hours and reflecting some of the same of what we saw in the after-hours trading last night.  The stock closed at $17.17 and is up about 5% at $18.04 on 804,195 shares as of 8:41 AM EST.  Last night we saw shares go out in [...]