Archive for November, 2010

Apple Options Tug of War: Expiration vs. 48-Hour Expiration

Apple Inc. (NASDAQ: AAPL) is in the same boat as all other companies when it comes to options expiration happening this Friday.  By the look of the trading patterns, we are seeing a balance of options roll-dates happening with those who are making the short-dated speculative options expiration trades.  The action is in the $300 [...]

Option Spike Alert in Microchip Tech (MCHP)

Someone is betting on more M&A activity in the options market.  Microchip Technology Inc. (NASDAQ: MCHP) has traded 9,377 contracts of the NOV10 $34 CALLS today.  The whole open interest was only 9,170 contracts.  While far smaller, even the $35 CALLS saw 560 contracts trade versus an open interest of only 612 contracts. If you [...]

Weekend Review Finds 7 Unusual Options Trades (HGSI, GMCR, GENZ, SPWRA, ED, LOW, STX)

A Friday afternoon and Saturday morning review of options trading often reveals some unusual patterns not always recognized during the trading day.  After looking through all of the options trading, we found very unusual options trading in Human Genome Sciences Inc. (NYSE: HGSI), Green Mountain Coffee Roasters Inc. (NASDAQ: GMCR), Genzyme Corporation (NASDAQ: GENZ), SunPower [...]

Major Price-Volume Alert in SIGA (SIGA)

SIGA Technologies, Inc. (NASDAQ: SIGA) is getting crushed this morning after the Small Business Administration ruled that SIGA was “other than small”  after the U.S. Department of Health and Human Services (HHS) had announced its intention to award SIGA a contract with HHS to deliver 1.7 million courses of its smallpox antiviral for the Strategic [...]

Weekend Options Review: Citi’s Explosive Options (C)

Taking a step back and reviewing options trading patterns on the weekends can bring some attention that is not usually seen during each tick of the trading day.  Citigroup, Inc. (NYSE: C) may still be a stock which could double from earlier prices, but the options trading was through the roof on Friday.  It looks [...]

Massey Price/Volume Surge on M&A Hope (MEE, ANR)

Massey Energy Co. (NYSE: MEE) has been more troubled than peers due to a mining disaster.  The company has reportedly been considering putting itself up for sale and headlines from the WSJ  that it is weighing an offer from Alpha Natural Resources, Inc. (NYSE: ANR) is sending shares higher on active volume. Massey shares are [...]

Rackspace Stock/Volume Alerts (RAX)

Whenever there is one merger in tech, it seems that everyone jumps right back to the cloud for M&A targets.  Despite the issue that Rackspace Hosting, Inc. (NYSE: RAX) management has gone as far as saying it will stay independent when asked about it being a possible M&A candidate, shares are up and options and [...]

Less Disappointing Disappointment at MEMC (WFR)

MEMC Electronic Materials Inc. (NYSE: WFR) posted poor earnings last night and withdrew from offering up guidance.  The company reported earnings of $17.6 million, or $0.08 EPS.  Before items the figure was $0.10 EPS.  Revenues were up about 60% at $503.1  million. Thomson Reuters had consensus estimates of $0.13 EPS $531.3 million in revenues. Withdrawing [...]

Melco Profits Come Ahead of Plan (MPEL)

Melco Crown Entertainment Ltd. (NASDAQ: MPEL) is surging higher on strong pre-market volume after beating earnings estimates and posting a profit.  The Macau casino operator posted earnings of $0.03 EPS and a 45% gain in revenue of $727 million versus Thomson Reuters estimates of -$0.01 EPS and revenues of $672.9 million. What gets interesting is [...]