Options Update: Vale Sees Credit Spread Activity
Mining specialist Vale has been targeted by some heavy put activity today, seemingly related to the recent earnings report and analyst downgrade.
Options Update: J.C. Penney Co. Draws Heavy Put Volume Post Earnings
Options traders are piling into puts on Department-store retailer J.C. Penney following the security’s reported 51% drop in fourth-quarter earnings.
Options Update: Bristol-Myers Squibb Calls Spike on Abbott Labs Settlement
Following news of a settlement with Abbott Laboratories, options traders extending their preference for Bristol-Myers Squibb call options.
Options Update: Dell Swarmed with Calls Following H-P’s Earnings
More than 11,000 bullishly oriented calls have traded on Dell so far today. But at last check, options traders appear to be on the wrong side of the trade, as Dell shares have dropped more than 6%.
Options Update: United States Steel Put Volume Swells on Bearish UBS Note
Put option volume on United States Steel has spiked to more than 4 times the equity’s daily average in today’s trading.
Options Update: General Motors Puts Popular Ahead of Recovery Plan
Options traders are buzzing frantically ahead of General Motors’ scheduled press conference, today after the market closes, to detail their recovery plans.
Options Update: American Express Racks Up Heavy Put Volume
After outpacing the Financial sector’s decline by shedding nearly 13% since Monday, American Express is back in focus today, as options traders appear to be picking up the pace in acquiring put options on the security.
Options Update: Yamana Gold Inc. Attracts Heavy Put Volume Despite UBS Initiation
Shares of Yamana Gold Inc. may have benefited mightily from the rally in Gold futures, however, option traders still targeted the security today with heavy put volume.
Options Update: Juniper Networks’ Calls Spike on Tech Stimulus Speculation
Options traders have piled into Juniper Networks calls in today’s trading following news that as much as $8 billion of the stimulus package will be earmarked for expanding the high-speed Internet infrastructure to rural communities.
Options Update: The Mosaic Company Attracts Puts Despite Strong Uptrend
The lack of news on the Mosaic Company hasn’t deterred options traders from speculating on the security, but the direction of this speculation is a bit shocking given the stock’s strong technical performance so far in 2009.
Options Update: Qualcomm Draws Bullish Credit Spread Attention
In today’s trading, Qualcomm has been targeted by some heavy put activity. In fact, these normally bearishly oriented options have more than tripled their daily average.
Options Update: Potash Corp. of Saskatchewan Calls Popular as Shares Rally
Options traders have piled into put options on Potash Corp. of Saskatchewan, as the stock has rebounded more than 8% so far in 2009.