Search Results for 'ISIS'
Options Recap — 7/2/2012
Stocks are struggling in uninspired market action after the latest ISM manufacturing index fell short of expectations. The report, released 30 minutes into trading Monday, was down to 49.7 in June, from 53.5 in May and below estimates of 52.2. The poor reading overshadowed a better-than-expected .9 percent increase in May industrial production. Stock market [...]
Options Recap — 6/29/12
Global equity markets are rallying around hopes EU leaders are making necessary steps to stem the debt crisis. Officials announced plans to provide capital to the region’s troubled banks directly rather than through European Central Banks. As was probably intended, the news triggered a sharp decline in Spanish and Italian bond yields. The euro surged [...]
Trader Talk – 6/28/12
Stock market averages fell early and are near session lows heading into the final 90 minutes of trading Thursday. The highly-anticipated 2-day EU summit has thus far failed to stir much enthusiasm, as the euro is down .4 percent and testing 1.24 against the buck for the first time since early-June. Equity markets traded mixed [...]
Trader Talk — 6/27/2012
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 [...]
Trader Talk — Last Hour
Steep losses across Eurozone equity market set the table for morning weakness on Wall Street and there have been no meaningful rally attempts through afternoon trading Monday. Italy’s MIB Index lost 4 percent and paced the decline across Europe amid ongoing anxiety about the debt crisis. In the US, the only economic stat of the [...]
iShares FTSE China 25 Index Fund (FXI) $32.89 -3.09%
iShares China Fund (FXI) is down $1 to $32.94 following disappointing Chinese PMI data and recent trades on the ETF include 108,000 Jul 32 puts traded for 60 cents electronically on CBOE. The market was 58 to 61 cents and the hefty trade will create the largest block of OI in the product. July 32 [...]
Credit Suisse Group (CS) $18.89 +5.12%
Credit Suisse (CS), which lost 9.4 percent yeserday and fell to new 52-week lows after the Swiss National Bank urged the financial services giant to raise capital, is up 92 cents to $18.89 in heavy trading of more than 4 million shares. Options volume includes 7,520 calls and 1,685 puts, or 3X the daily average. [...]
VIX, Safe Havens Ticking Higher
Volumes are remarkably light for a Wednesday before Quadruple Witch expiration, but the flow clearly reflects a cautious underlying tone following this morning’s poor Retail Sales (-.2 percent) and PPI numbers (-1 percent). 4.3 million calls and 4.8 million puts traded so far (13:45 ET). Seven of the ten most active options contracts are puts [...]
Idenix Pharmaceuticals Inc (IDIX) $9.85 -2.28%
Idenix (IDIX) loses 27 cents to $9.81 and an investor apparently sells 8,000 July 7.5 puts on the biotech at 55 cents to buy 8,000 Jul 12.5 – 17.5 call spread for 90 cents. The three-way, for a 35 cent debit, saw interest yesterday as well, including 7,000 for 30 cents. 11,000 traded Thursday and [...]
Credit Suisse Group (CS) $23.36 +3.45%
Credit Suisse (CS) adds 71 cents to $23.29 after Bloomberg reported that the firm is consolidating banking operations to cut costs. The top options trade in CS so far today is a 3,555-lot of Jan 25 calsl bought for 90 cents per contract. 11,030 now traded against just 79 contracts in open interest. Jan 23 [...]
