Stock/Option Explosion: The GE Breakout on 52-Week Highs (GE)
General Electric Co. (GE) is seeing a break-out. Yesterday it was Goldman Sachs, today JPMorgan helping with comments on the conglomerate. The prior 52-week high was $17.52 that was hit back on September 19 2009 after it went ex-dividend. This morning shares opened up at $17.49 after a $17.29 close on Monday. Now shares are [...]
DryShips… Rumors of a Rumor (DRYS)
DryShips, Inc. (NASDAQ: DRYS) has seen more than its fair share of trading today. The afternoon chatter is ‘buyout rumors’ but these sound more like BS than real meat. Briefing.com ran the buyout rumor piece today, and we have seen Indie Research cover the rumor and then Barron’s cover it in all but an outright [...]
Apple: Using Options Rather Than Stock (AAPL)
Apple hit all-time highs on Friday of $219.70 on an intraday basis and the stock closed at $218.95. What is interesting is that traders are moving back into using the options as their way to get exposure to Apple ‘on the cheap.’
The stock traded over 32 million shares on Friday, which is close to 150% [...]
Radio Shack Options More Impressive Than Stock (RSH)
Radio Shack Corp. (NYSE: RSH) is surging on ‘rumors’ today that we are skeptical of endorsing… Either way the stock saw 11.2 million shares trade as of 3:00 PM EST with the stock up around 5% and close to $21.00.
More important is the stock options trading, and it is also more impressive:
March-2010 $20 and $22.50 [...]
Options Read on Smith International Buyout Talk (SII, SLB)
The reports today put Smith International Inc. (NYSE: SII) as a company in talks to be acquired by Schlumberger Ltd. (NYSE: SLB). If this occurs it would be the largest oilfield services giant becoming even larger. While we have yet to see a formal deal, Smith shares traded over 42 million shares today, almost 8-times [...]
Bullish Options Bias for Cisco (CSCO)
It is hard to use Cisco Systems Inc. (NASDAQ: CSCO) for an options-bias for many time periods in general, but that has not been the case today not the case this week. After a weekend review and considering that most key technology companies have beat earnings and then sold off, it was almost shocking that [...]
USEC Options Alert… Obama-Nuclear Stock (USU)
There has been some increased trading activity in the stock of USEC Inc. (NYSE: USU). This is based upon more belief that the loan guarantee denied last Summer may be back on because the Obama administration has talked about adding nuclear power and more loan guarantees tripling to possibly $54 billion in the 2011 budget [...]
Apple Preview… Stock/Options Volume Spike (AAPL)
Apple Inc. (NASDAQ: AAPL) reports after today’s close and this will be the highlight of the earnings after Monday’s closing bell. Thomson Reuters has estimates pegged at $2.07 EPS (non-GAAP of course) and revenues of $12.06 billion… Whispers are significantly higher. Analysts are close to $240 in price targets, options traders are braced for a [...]
Review of Eastman Kodak Trading (EK)
Earlier today at 247wallst.com, we had discussed the great mystery options trading in Eastman Kodak Co. (NYSE: EK). It turns out that the volume picked up some additional notice, because the share volume in common stock caught up as well. The stock just closed at $4.93 on 13.1 million shares, versus an average volume of [...]
Google Money Risk in China (GOOG)
Google Inc. (NASDAQ: GOOG) is getting clipped this morning after yesterday’s news that it may exit China permanently. The stock is down over $10, or 1.7% at $580.28, but so far only on 30,000 shares. The 52-week range is $282.75 to $629.51 and average volume is over 2.6 million shares. The options with high open [...]
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