MOT Hangs Tough, While Investors Shun YHOO Option Plays…
I’m fresh off a red-eye (now
there’s an oxymoron for you) from our seminars in Denver, Vail and San
Francisco, so please pardon the brevity of this posting. I took a quick look
at our $ weighted put/call scanner and found the opposite situation of last
week, when we saw institutional paper betting on a Nasdaq slide. Today’s
reading showed both institutional Nasdaq (NDX) and
retail Nasdaq 100 shares
(
QQQ |
Quote |
Chart |
News |
PowerRating) with
bullish $ weighted put/call money flows.
|
Symbol |
Call
Volume |
Put
Volume |
$W
Call Vol |
$W
Put Vol |
| NDX | 2,069 | 1,638 | 201,918 | 50,683 |
| QQQ | 163,342 | 56,633 | 403,292 | 77,946 |
The market’s reaction to the news
from Motorola
(
MOT |
Quote |
Chart |
News |
PowerRating) was a pleasant
surprise for the bulls, as MOT surged from last night’s lows to hit a high
of $14.05 in early trade. The lack of a harsh selloff for shares of the
semiconductor and wireless giant suggests that perhaps the worst is indeed
already priced into MOT. We’ll have to wait to see if Yahoo
(
YHOO |
Quote |
Chart |
News |
PowerRating) is so lucky, as traders nervously await the portal’s earnings
and conference call. Surprisingly, with the April 15 calls trading for just
$1.75, we haven’t seen much turnover at all (only 500 contracts have changed
hands on five exchanges!). I guess that shows how far the favorite has fallen
in the minds of investors and institutional traders.
(1010WallStreet.com
has licensed the use of Hamzei Analytics proprietary options analytics)
Talk
about it at TradingMarkets World
Gary
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