Archive for April 10th, 2008
General Electric (GE) is due to report earnings Friday morning. Of 13 analysts covering the stock, the range of estimates is narrow, between 50 and 53 cents. Consensus is 51 cents. The company has a history of posting in-line quarterly EPS numbers. GE has matched consensus during three of past four quarters. It missed by [...]
The CBOE Volatility Index (.VIX) is making a run to its lows of the day, recently down .53 to 22.28. VIX fell as stocks enjoyed a morning rally, led, in part, by the brokers. Lehman (LEH) hit a low of 38.72 in early trade, but has since rebounded to $40.87, or up 33 cents on [...]
Volume is picking up in Boyd Gaming (BYD) amid vague takeover chatter. Chatter has been around awhile. Today, shares are up 25 cents to $19.20 and volume in the options market is running three times normal, with active buying seen in the April 20 call options.
Cameco (CCJ) is seeing three times its normal volume in the options market. Most of the action is in the April 40 calls. 10,577 contracts have traded, compared to open interest of 3,882. All told, 18,000 calls have traded, compared to 2,400 put options. Trade Alert data shows that the directional sentiment for volume is [...]