Search Results for 'CAM'
Moodys Corp (MCO) $25.73 -8.60%
Moody’s (MCO) is down $2.18 to $25.97 after Dow Jones reported that Greenlight Capital manager David Einhorn said AAA credit ratings are a curse and he is betting against credit rating agency Moody’s. The comments came at a speach at an investment conference Wednesday. 14k puts traded as the stock sinks Thursday, compared to 2,200 [...]
General Motors Corp (GM) $1.58 -17.71%
GM implied volatility is off the charts! Shares hit a high of $2.24 on news its GMAC finance unit had secured $7.5 bln in government funds. However, GM is now down 34 cents to $1.58 and came under pressure in late-morning trading after Canadian Auto Workers president said the automaker is very likely to file [...]
Campbell Soup Co (CPB) $27.09 +1.12%
Options volume picked up in Campbell’s (CPB) ahead of earnings. 4000 calls and 470 puts traded on the session. June 27.5, July 30, June 30, and July 27.5 calls were among the most actives. With open interest in CBP calls increasing by 2500 and more than 85 percent of Thursday’s volume trading ask-side, it appears [...]
Zions Bancorporation (ZION) $16.27 -7.13%
Zion Bancorp (ZION) shares rallied 16.4 percent Monday, but the two biggest options trades on the Utah bank seemed to reflect a bearish view after a player bought the June 12.5 – 16 put spread 5000X for $1.35. Open interest data indicate new positions in both contracts. I don’t love the risk-reward ratio of this [...]
Cameco Corporation (CCJ) $24.58 +7.85%
Cameco (CCJ) is up $1.71 to $24.50 and calls are active on hopes uranium prices have bottomed. The company, which sells uranium through long-term contracts, reported quarterly earnings of 22 (Canadian) cents per share, which missed analyst estimates (2 analysts). However, CCJ raised its 09 forecast and, separately, a report from industry watch group Trade [...]
Manitowoc Company (MTW) $7.05 +18.49%
Manitowoc (MTW) is seeing some volatility today. The farm and construction machinery co. reported quarterly earnings of 18 cents per share, which beat Street estimates by a nickel. Revenues came up a bit short of expectations. Shares sank in pre-market and hit morning lows of $5.75 before bouncing back to a high of $7.42. MTW [...]
Costco Wholesale Corp (COST) $45.62 +0.00%
Costco (COST) slipped 24 cents to $46.83 and June puts saw increasing interest Thursday. Open interest in June 47.5, 45, and 42.5 puts all saw open interest increase by more than 4,400 contracts and the new positions appear to be part of bearish put “trees”, where the strategist bought the 47.5 strikes and sold the [...]
Simon Property Group Inc (SPG) $42.50 +10.19%
Simon Property Group (SPG) is up $3.78 to $42.35 after Goldman Sachs added the stock to its conviction buy list. In the options market, volume is running 2X the average daily levels. Most of the volume is due to a substantial butterfly spread that traded on the NYSE this afternoon, where a strategist apparently bought [...]
SPDR S&P Retail (XRT) $24.43 +0.14%
SPDR Retail Trust (XRT) is an exchange-traded fund [ETF] that holds shares in more than 50 different retailers. The ETF has performed well over the past few weeks amid renewed hopes for the economy, consumer spending, and retail sales. It is up 33.5 percent since March 9 and sits unchanged at $24.39 today. In the [...]
Fortune Brands Inc (FO) $26.85 -1.76%
Bearish traders resurfaced in Fortune Brands (FO) Friday. Trading was brisk in FO June, Sept, and Jan-10 puts at the $10 strike when the stock came under pressure on March 9. Shares are up 48.8 percent since that time, to $26.79, and the focus today is on the June 20/25 put ratio spread, which was [...]
