Archive for November 11th, 2008

Dryships Inc (DRYS) $10.02 -23.10%

Dryships (DRYS, chart, volatility) is trading down $3.00 to $10.03 and falling to session lows. The Wall Street Journal’s David Gaffen explains that “Concerns about DryShips’ compliance with certain debt covenants have piqued the interest of options traders, who have been betting on additional volatility in the name.” The volatility in the share price also [...]

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AK Steel Holding Corp (AKS) $10.47 -5.08%

AK Steel (AKS, chart, volatility) March calls are active on possible spread trading/bottom fishing. Shares are down 65 cents to $10.38 today and have fallen more than 85 percent since May. The March 12.5s and March 20s are the most active call options today, with more than 2,000 traded in each. It looks like possible [...]

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DJ Industrial Average (.DJX) $88.52 -0.21%

The Dow Jones Industrial Average (.DJX) is trying to climb out of a hole Tuesday afternoon. After falling to a low of 8,561 this morning, the Dow has battled back to 8,831, down 40 points on the trading session. All thirty Dow stocks were lower this morning, but now 12 are higher with a number [...]

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United States Oil Fund LP (USO) $48.61 -5.11%

US Oil Fund (USO) is falling along with the price of crude oil. USO is an exchange-traded fund that tracks crude through futures contracts. It is down $2.86 to $48.37 a share and its lowest levels since May 2007 after crude oil fell to

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Cramer: I Should Have Lied!

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Liberty Global Inc (LBTYA) $14.61 -5.74%

Liberty Media (LBTYA, chart, volatility) options volume jumped to 10 times the average daily, with heavy selling of January 15 puts. 16,000 have traded, neary all on the bidside of the bid-ask spread. The top trade of the day was a block of 10,000 sold for $2.25 and tied to a block of 440K LBTYA [...]

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Feds Step In To Help Troubled Homeowners

To Renegotiate Hundreds of Thousands of Delinquent Loans

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Vimpel Communications (VIP) $10.48 -27.42%

Vimpel Communications (VIP, chart, volatility) is seeing bearish order flow. Like Mobile Telesystems (see 11:35 comment), there doesn’t appear to be any stock specific news, but shares are getting hammered. VIP is down $4.08, or 27.9 percent, to $10.41 and volume in the options market is running two times the average daily levels. 11,000 puts [...]

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Goldman Sachs Group Inc (GS) $68.31 -4.07%

Goldman Sachs (GS, chart, volatility) implied volatility remains elevated. Shares are down on cautious broker comments. GS fell $2.72 to $68.49, falling below Monday’s lows, and to levels not seen since April 2003. In the options market, 32,000 GS calls and 30,000 puts have traded on the day. Implied volatility is up to 130, from [...]

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Pain Therapeutics (PTIE) $8.58 +7.25%

Pain Therapeutics (PTIE, chart, volatility) options volume is running double the usual, with 2,000 calls and 10 puts traded on the day. Shares are up 58 cents to $8.58 after the FDA asked Kings Pharmaceuticals (KG) and PTIE if Remoxy, a painkiller similar to OxyContin, is tamper proof. OxyContin is a best selling pain killer [...]

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