Search Results for 'OKE'
Stock market averages slipped through midday and then the selling intensified in afternoon action when minutes from the latest FOMC meeting were released. While the text didn’t hold any material surprises, the knee-jerk reaction on Wall Street reflects diminishing expectations for another round of easing. Fed officials pledged to offer additional accommodative measures as necessary, [...]
Stock market averages opened positive, but have since fallen into the red. Alcoa (AA) is off 3.4 percent and the biggest loser in the Dow Jones Industrial Average on an earnings disappointment. Applied Materials (AMAT) is weighing on the tech sector after slashing its outlook. However, trading has been orderly and stability across Eurozone equity [...]
Massive put spread on the Financial Sector ETF this morning, as a cust sold 100,000 July 12-14 put spreads for 12cents on the Amex. Executing broker Hamilton crossed the bulk of it, and the trade likely closes the same spread opeend on 5/17 for 47cents when XLF was near 14.12.
Stock market averages are holding gains with help from economic data Wednesday. A report on Durable Goods was up 1.1 percent in May and .6 percent better-than-expected. Later, Pending Home Sales showed a surprise jump to 5.9 percent and much better than the .5 percent that was expected. Meanwhile, Italy’s MIB Index is up 2.5 [...]
Ford option flow running twice normal today, with calls out-trading puts 5 to 4, a bit below the recent avg ratio of 5:3. July 11 calls are the most active, with 36K trading, most bought for 4cents when shares were near 9.97 in flow that likely closes some of the 16cent sales made last week [...]
Walgreen (WAG), which was under pressure in the previous two trading sessions on an earnings disappointment followed by a series of negative broker commentary, is up 23 cents to $29.44 today. Early options trades on the stock include an Aug 33 – 34 call spread for a dime, 10000X. Looks like the initiator bought to [...]
Etrade Financial (ETFC) adds 22 cents to $8.06 and volume in the July 8 calls on the online broker is 5,900 contracts. The flow includes multi-exchange sweeps of 1950 and 1050 contracts for 42 and 44 cents, respectively. ISEE is reporting opening buyers. Bullish trading comes as the stock tries to rebound from a 26.2 [...]
A fellow stockbroker introduced me to options trading in the early-90s. I was a rep for a regional firm and he showed me how he created vertical call spreads on stocks that were possibly due to announce stock splits. The idea was to make money on the call spread from the move higher in the [...]
Barnes and Noble (BKS) saw a morning spike to $16.3 on reports the company was teaming up with Microsoft on a new tablet. A spokesperson for the company later denied the speculation and the stock is now down 44 cents to $15.16 in active trading of 2.9 million shares. Meanwhile, 13,000 calls and 3,110 puts [...]
SPDR Consumer Staples Fund (XLP), which holds names like Estee Lauder (EL), Coke (KO) and Lorillard (LO), is up 3 cents to $34.30 and a July 31 36 risk-reversal is initiated on the ETF for even money, 27000X. Looks like puts sold to buy calls and open a new position. XLP touched a new 52-week [...]