Archive for January, 2011

Huge Volume Spikes from Egypt & Region (APA, EGPT, AFK, FFD, TUR, TKF, ISL, EIS, GAF)

We won’t bother telling you what has been going on in Egypt. You’ve seen the news and it isn’t pretty with the riots and the protests.  What is standing out is some severe volume spikes in what are otherwise less thought of stocks and trading instruments. Apache Corp. (NYSE: APA) is down another 1.1% at [...]

Increased Put Options Review Before Earnings (CRM, VMW, JNPR, NFLX, AMZN)

An article in Barron’s this weekend against Salesforce.com (NYSE: CRM) and the risks associated with chasing its 100-times forward earnings multiple is adding some weight on the shares of several key high-flying tech shares ahead of this week’s earnings. Virtualization leader VMware Inc. (NYSE: VMW) is reporting earnings after the close on Monday and Thomson [...]

Option Expiration’s Largest Open Interest Contracts (GE, MSFT, PFE, INTC, YHOO, CSCO, WFC, SPY, QQQQ, FXI, XLK, XHB)

Today marks the January 2011 options expiration date. There are many active options expiring, and the reason these are so large is because many are LEAPS rather than just normal monthly options.  The old rule of thumb is that options tend to drift toward their closest and most active options contract strike prices.  We identified [...]

Intel Pre-Earnings Options Analysis (INTC)

Intel Corporation (NASDAQ: INTC) is due with earnings Thursday after the close and we could not help but notice two key issues around the options trading in Intel.  First was that the volatility is much lower and the options market is not expecting a huge price move from earnings.  Second would be that the bias [...]

Gold Options Showing Major Price Swings Coming (GLD)

The five straight days of lower prices in the SPDR Gold Shares (NYSE: GLD) comes with an interesting twist.  This week we saw elevated options trading when you consider that only one single day of the last week was above its average daily volume.  A fight appears to be more than just starting to brew. [...]

Atheros Circuit Breaker.. On Qualcomm Deal (ATHR, QCOM)

Atheros Communications Inc. (NASDAQ: ATHR) has been halted after a price-volume spike took shares through the roof.  Reports are out that QUALCOMM Incorporated (NASDAQ: QCOM) is in a deal to acquire Atheros for about $45.00 per share.  Atheros develops semiconductor system solutions for communication products from personal to enterprise access levels. The New York Times’ [...]