Archive for March 23rd, 2011

Trade of the Day — Bet Against this Builder

The Trade of the Day is going to be the puts in Pulte Group discussed earlier today. July 7s. I want to confirm that the action is opening. I’m almost sure it is. Will update in the morning.

March 23, 2011 | 2 Comments More

Option Volume Leaders as of 4:20 PM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg C Citigroup Inc 806,880 70.9% 29.1% $4.4 -0.02 BAC Bank of America Corporation New 617,748 64.0% 36.0% $13.65 -0.23 AAPL Apple Inc 300,903 52.3% 47.7% $339.19 -2.01 FCX Freeport McMoran Copper and Gold Inc 171,653 61.8% 38.2% $54.88 +2.60 BIDU Baidu Inc 152,046 64.6% 35.4% $132.58 [...]

March 23, 2011 | 0 Comments More

Assured Guaranty Municipal Holdings Inc (AGO) $14.44 +1.12%

Assured Guaranty (AGO) hit a morning low of $14, but is now up 20 cents to $14.48. 5,500 April 16 calls traded on the Bermudian surety and title insurance company. Morning trades included smaller lots at prices ranging from 22 to 33 cents. 97 percent traded at the ask. Looks like well-timed call buys because [...]

March 23, 2011 | 0 Comments More

Steel Dynamics Inc (STLD) $18.53 +2.32%

Steel Dynamics (STLD) adds 41 cents to $18.42 and one investor buys 5000 Aug 23 calls at 35 cents each. 8,363 now traded vs. 91 contracts in open interest. May 22 calls are seeing some buying interest as well. 1700 traded (97 percent ask). Looks like speculative call buying in the steelmaker Wednesday. No news [...]

March 23, 2011 | 0 Comments More

PulteGroup Inc (PHM) $7.38 +3.36%

Put buyers in Pulte Group (PHM) for a second day. An investor bought 10000 July 7 puts at 64 cents each yesterday. Open interest increased by 6904 to 24271. Today, an investor bought 15000 July 7 puts at 54 cents. Shares of the homebuilder are up 25 cents to $7.39 and today’s put purchase might [...]

March 23, 2011 | 0 Comments More

Baidu Inc (BIDU) $133.26 +4.85%

Baidu.com (BIDU) is up 5.2 percent to $133.75, notching new record levels, and leading the NASDAQ 100 higher Wednesday after the company unveiled a new search box plan. The Chinese Internet search provider said it is developing software that lets smartphone and other mobile device users surf and do other things online using a search [...]

March 23, 2011 | 0 Comments More

Put/Call Ratio Leaders* as of 3:00 PM

Symbol Name Puts Calls RealTime P/C Avg P/C VSI Vitamin Shoppe Inc 3,347 20 167.35 1.14 TLCR Talecris Biotherapeutics Holdings Corp 2,691 90 29.90 1.22 GGB Gerdau SA 8,664 598 14.49 2.68 VFC V F Corp 3,014 238 12.66 0.63 CY Cypress Semiconductor Corp 2,632 252 10.44 0.87 DDS Dillards Inc 3,196 319 10.02 0.72 [...]

March 23, 2011 | 0 Comments More

Big Lots Inc (BIG) $42.70 +0.99%

Big Lots (BIG) adds 37 cents to $42.65 and one investor buys 5000 May 45 calls and sells 10000 Oct 50 calls, paying 15 cents on the bullish 1X2. Looks opening and comes the day after takeover talk surfaced in the name — Brefing.

March 23, 2011 | 0 Comments More

Micron Technology Inc (MU) $10.52 +1.64%

69000 calls and 16000 puts traded in Micron (MU) today. Shares are up 18 cents to $10.53 and the April 11 and 12 calls are the most actives, with 28,327 and 20,164 traded, respectively. Recent action action includes some spread trades. For example, 500 April 11 calls traded at the 36-cent ask price while 500 [...]

March 23, 2011 | 0 Comments More

Sandridge Energy Inc (SD) $11.35 +0.71%

Sandridge Energy (SD) adds 9 cents to $11.36 and a 10000-contract block of Sep 13 calls was sold at $1 even. It was tied to 420K shares at $11.29 and looks like a new position. Shares of the the Oklahoma City independent oil and gas driller have performed well lately and are within striking distance [...]

March 23, 2011 | 0 Comments More
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