Volume Spike Investor

It is always said that options around the options expiration dates tend to act as a magnet to the closest strike price.  That appears to be the case today in Apple Inc. (NASDAQ: AAPL) and Google Inc. (NASDAQ: GOOG).  While it is easy to refute the notion in many very active stocks, the reason this [...]

Bank of America Corp. (NYSE: BAC) has seen an absolute massive butterfly call spread for January 2011 as 50,000 January $20 and $40 calls are bought for $1.94, and 100,000 $30 calls are sold at $0.37, so a $1.20 debit, expecting shares to nearly double over the next year and volatility to come down a [...]

DryShips Inc. (NASDAQ: DRYS) priced and increased the size of its prior announced offering from $300 million to $400 million in convertible notes issued at PAR with an interest rate of 5% and with an initial conversion price for the convertible notes of $7.19 per share.  In short, overhang and dilution.  That could unload another [...]

Warner Chilcott plc (NASDAQ: WCRX) priced a 20 million share secondary offering of common stock at $22.92 per share via Goldman Sachs, Morgan Stanley, Credit Suisse, and JPMorgan.This is not for the company’s benefit: The selling shareholders include funds affiliated with Bain Capital Partners, DLJ Merchant Banking, J.P. Morgan Partners, Thomas H. Lee Partners, and [...]

BioCryst Pharmaceuticals, Inc. (BCRX) is active and lower on a secondary offering.  The company sold 5 million shares in a secondary offering at $9.75 per share via Morgan Stanley, JPMorgan, and Oppenheimer.  At 8:22 AM EST we have shares down almost 6% at $9.81 on 87,000 shares.  The average daily volume is $almost 3 million [...]

Dell Inc. (NASDAQ: DELL) is down, and you know why… disappointing earnings…. say no more.  This traded over 8 million shares in the after-hours session last night and went out down 6.05% at $14.91 late in the after-hours session.  But this morning at 8:12 AM EST it seems that the eager bearish traders are still [...]

Novavax, Inc. (Nasdaq: NVAX) is trading down this morning on reports from the company that it plans to offer common stock in a public secondary offering through Piper Jaffray and Lazard Capital Markets.  Terms were not yet stated, but the shares at 8:10 AM EST are down 10% at $3.38 on about 30,000 shares. Average [...]

The market is selling off sharply today, but no one let the solar stocks know, which are rising sharply higher following positive earnings results and forecasts from SunTech (STP) and Trina Solar (TSL).  The rise comes despite oil dipping 2.25% below $80 as that trade has unraveled and solar stocks are actually starting to have [...]

Solarfun Power Holdings Co. Ltd. (NASDAQ: SOLF) has already gone exponential on trading volume.  At 11:48 AM EST we have already hit 200% above normal trading with over 4.5 million shares versus an average volume for a full day of 1.4 million shares.  To top it off, this marks a 9.6% gain to $7.10 versus [...]

Microvision, Inc. (NASDAQ: MVIS) is fighting CMED for the worst performer this morning.  This is on a secondary offering.  Hares closed at $4.11 and are down over 18% at $3.35 on only about 16,000 shares at 8:51 AM EST.  This will be more active as the bell gets closer as there are some 865,000 shares [...]