Archive for June 18th, 2008
Anheuser Busch Companies Inc (BUD) $61.83 +1.03%
Strategy Alert! Shares of Anheuser Busch (BUD, chart) are trading up 61 cents to $61.82 and well above a low near $40 in mid-March. As you all know by now, the stock started moving higher a couple of months ago on takeover speculation, which was later confirmed when InBev made a $65 hostile bid for [...]
Wyeth (WYE) $45.04 -0.27%
Wyeth (WYE, chart) trading very actively this morning, on pace for 8x average daily volume. Majority of flow is rolling before expiry. A customer bought 14,000 of the June-July 45 call spreads traded on the AMEX for $1.125. A few sizable sweep order to buy calls have also been seen, most notably more than 2300 [...]
Yamana Gold Inc (AUY) $14.33 +0.91%
Seeing increasing call buying in Yamana Gold (AUY, chart). Shares are trading up 8 cents to $14.28 and 11,000 AUY calls have traded, compared to just 229 puts. Most of the action is in the October 15 and October 16 calls, where more than 99 percent of today’s trading is hitting on the offer side. [...]
Microchip Technology Inc (MCHP) $30.18 -3.36%
Microchip Technology (MCHP, chart) is seeing 15 times its normal trading volume. 12,000 puts have traded, or more than 10 times the number of calls. 6,500 of the June 30 puts, which have two and a half days of life remaining, are trading on the ask side. Open interest is just 398 contracts. Meanwhile, the [...]
CarMax Group (KMX) $15.90 -13.33%
CarMax Group (KMX, chart) options are seeing 6 times normal trading volume. Most of the action is in the put options after the company posted quarterly earnings of 13 cents a share, which was 9 cents below analyst estimates. Revenues rose 2.9 percent to a less than expected $2.21 billion (vs. $2.28 billion concensus). Moreover, [...]
Select Sector SPDR Energy Fund (XLE) $88.33 -0.02%
Sentiment is cautious heading into weekly inventory data (8:30 a.m. Eastern time). A total of 15,000 Select Sector Energy Fund (XLE, chart) puts has traded, compared to 7,900 calls. Volume includes 11,191 of the XLE June 86 puts, with 98 percent trading on the offer side. Sentiment based on early order flow is 62 percent [...]
Huntington Bancshares Inc (HBAN) $5.57 -8.69%
Huntington Bancshares (HBAN, chart) options are seeing three times normal trading volume on buying of July 5 put options. With shares down 34 cents to $5.76, 3,126 contracts have traded and 100 percent traded on the ask side. Open interest is 665, suggesting opening buy orders. Goldman Sachs cut estimates yesterday. Earnings due out mid [...]
Amex Natural Gas Index (.XNG) $746.07 -0.35%
Natural gas stocks have been heating up and the AMEX Natural Gas Index (.XNG) is making a run at all-time highs this morning. XNG is an equal dollar weighted index of fifteen companies in the industry. XTO Energy (XTO) is one of them. Shares are up 85 cents to $70.83 and reaching new highs amid [...]
