Archive for December 21st, 2009

Micron Tech Elevated Options Trading (MU)

Micron Technology Inc. (NYSE: MU) is a chaser stock today with teh stock at fresh 52-week highs.  There is options activity in the stock, some of which may be roll-out activity as this is the first day without the DEC-2009 options any longer, and some is chasing the gains elsewhere in tech and chips after [...]

Biogen Idec Elevated Options Trading (BIIB)

Biogen Idec Inc. (NASDAQ: BIIB) is seeing a rolling of options into January with some elevated call options activity.  This looks more like options-related trading than actual bets being made in the price of the stock.   One of the Najarian brothers noted on CNBC that there has been takeover rumors in the name, but we [...]

As Gold Breaks $1,100/Oz… Options Review (GLD)

We are seeing at least some active options trading in the SPDR Gold Shares (NYSE: GLD) ETF now that oil has broken under the $1100/ounce mark, although the “active volume” here is more continued rolling contracts in appearance than anything fishy.  We never (or almost never) use an ETF analysis as the search for major [...]

Athersys Exponential in Price & Volume (ATHX)

Athersys, Inc. (NASDAQ: ATHX) is surging exponentially in share price and in share volume…. Shares are up 192% at $2.92 today after closing at $1.00 on Friday.  Trading volume is almost 6.8 million shares as of 12:15 PM EST, and the average trading volume is only 30,000 shares per day.   The company scored a Pfizer [...]

Like Clockwork… Using Options Over Stock (AAPL, GOOG, AMZN, RIMM)

It is always interesting to see how traders and investors take their options trading action the first trading day after an options expiration date.  We are seeing an almost instant maneuvering into many of the January-2009 CALL options of active and volatile stocks in the NASDAQ 100 by traders and investors today.  This is being [...]

Palm Recovers, Some (PALM)

Palm Inc. (NASDAQ: PALM) is trading higher this morning but already off the pre-market highs.  The troubled smartphone maker was upgraded to Hold from Sell at Morgan Joseph this morning after last week’s sell-off based on valuation.  After hitting under $10 briefly on Friday, the firm believes that it is discounting guidance and targets.  It [...]

Postash, Mosaic, and MOO Love Goldman Sachs (POT, MOS, MOO)

Potash Corp. (NYSE: POT) is trading higher this morning after Goldman Sachs raised the potash maker to the Conviction Buy List to take advantage of a sharp sell off in fertilizer stocks last week.  Mosaic Co. (NYSE: MOS) was also raised to Buy from Neutral.  Goldman Sachs’ view of a fundamental demand recovery in potash [...]

Bristol-Myers Active, To Return to Normal Volume (BMY)

Bristol-Myers Squibb (NYSE: BMY) has already seen 967,000 shares trade hands at 8:37 AM EST but the stock is likely to get to a return to normalcy in stock trading again as it is now past the December options expiration where it had over 900,000 contracts in the DEC $30 Calls and Puts still in [...]

Chattem Volume Already Exponential on Buyout (CHTT)

Chattem Inc. (NASDAQ: CHTT) is soaring now that the company is finally being acquired after years of it being a potential acquisition.  The consumer products and over the counter health products company is being acquired by Sanofi Aventis for $1.9 billion or $93.50 per share.  Shares were halted earlier this morning and at 8:34 AM [...]