Search Results for 'SIG'
Stock market averages slipped early and bounced around in a range through midday Friday. Volatility in overseas markets set the table for the morning losses and offset a better-than-expected reading on Durable Goods for April (+3.3 percent vs. 1.6 percent consensus). A round of disappointing earnings from a number of retailers – FL, SHLD, ANF, [...]
Pandora (P) is notching new 52-week highs and implied volatility in the options on the Internet radio company is elevated ahead of earnings. The stock is up 45 cents to $16.93 in brisk trading of 6 million shares. Meanwhile, about 45,000 calls and 7,200 puts traded on the stock so far. June 21 calls, which [...]
Fed officials sent markets on a roller coaster ride Wednesday. Bernanke grabbed the spotlight mid-morning. In testimony to Congress, the Fed head said he thinks that policy should remain accommodative for the foreseeable future because the economic recovery remains very fragile. Stock market averages rallied to session highs on the benign commentary. Yet, the gains [...]
With no economic data or earnings of broad market significance, it was a slow news day Monday morning. Gold and Silver saw intraday spikes, however. Some traders think it was related to a Bloomberg story that Moody’s might cut US credit rating in 2013 (LINK). For whatever reason, the metals, which were pummeled overnight, are [...]
Interesting trading day with some of the signs of a classic midweek reversal – up Monday, up Tuesday, and up Wednesday morning. Then, the NASDAQ, which led on the way up, leads on the way down. The initial rally was indeed surprising, as data on Industrial Production, PPI, and NY manufacturing were all weaker-than-expected. Crude [...]
Symbol Name Puts Calls RealTime P/C Avg P/C SNTA Synta Pharmaceuticals Inc 10,624 325 32.69 0.52 PANW Palo Alto Networks Inc 2,679 122 21.96 0.54 CJES C and J Energy Services Inc 3,247 205 15.84 2.67 KMB Kimberly Clark Corp 9,895 684 14.47 2.60 RRD RR Donnelley and Sons Company 3,705 318 11.65 1.16 AMT [...]
Stock market averages are modestly lower, but volume is light and action has been rangebound thus far. The only significant stat of the day showed Retail Sales up .1 percent in April and better than the .3 percent decline that was expected. But, trading was sluggish across the Eurozone. Crude oil lost 50 cents to [...]
Snoozefest. With no economic data or important earnings to guide things, market averages opened steady and have traded in a range. I won’t try to make it sound exciting, because it simply is not. Crude oil is up 46 cents to $96.07 and gold gained $5 to $1469. The Dow Jones Industrial Average erased morning [...]
Stock market averages erased morning losses and are holding modest gains through midday Tuesday. Data released early motivated a bit of market weakness after Chicago PMI came in at 49 for April, from 52.4 and below expectations of 52. However, a surprise uptick in Consumer Confidence helped offset worries about manufacturing, after the Conference Board’s [...]
Heavy put volume in Pitney Bowes heading into the close. 10K May 12 puts bought for 15c, 5K May 13 puts. May replace some expiring April puts, but appears to be a significant protective position head of earnings, expected at the end of the month.