Options Update: Heavy Post-Earnings Option Activity on Juniper Networks
Jumpin JuniperPlenty of news for Juniper Networks today, starting with the companys earnings report, which was released after the market closed last night. The company reported strong sales, which led to a 40% jump in second-quarter net income. The firm logged earnings of 28 cents per share
Options Update: Banking on a Bounce in the Select Sector SPDR Financial Fund?
Banking on a Turnaround?Were having a bit of a delay in receiving the data that I use to pull our Options Update subject, so I sauntered over to my handy-dandy computer desktop and looked around for data from another source. Well, I definitely found activity that caught my eye. So lets take a l
Options Update: Schering-Plough Sees Heavy Option Activity After Delaying Earnings
Fair Scher of Negative ActionEarlier this morning, Merck and Schering-Plough announced that their second-quarter earnings reports would be delayed thanks to the later release of a study of Vytorin. The pharmaceutical has seen its sales suffer thanks to a controversial study showing it was
Options Update: Option Players Stock Up on Teva Pharmaceuticals After Its Acquisition
Teva Does Some ShoppingEarlier, my colleague Andrea Kramer took a look at Israeli-based Teva Pharmaceuticals purchase of its rival, Barr Pharmaceuticals . TEVA will take on $1.5 billion of BRLs debt, and will give BRL shareholders $39.90 in cash and 0.6272 share of a TEVA American Deposita
Options Update: Heavy Option Activity Precedes Microsoft’s Earnings
Soap OperaWill he? Wont he? And Im not talking about Brett Favre retiring or returning to the Packers, Im talking about Yahoo! and Microsoft . We could go into the latest developments and details in the MicroHoo debacle/courtship, but we have looked at it on our site. Here is my collea
Options Update: Option Players Issue Their Bids on eBay
Confession TimeWere all friends here, right? Well, I have a confession to make: Im a shoe-aholic (I may have mentioned this in the past). I think it dates back to my college days (all 8 years of them), when I was working my way through school at a big box sporting goods retailer (no names men
Options Update: Are Options Players Giving Visa any Credit?
Go WorldIts the new advertising campaign surrounding the Olympic games for mega-sponsor Visa – you hear the mellifluous tones of Morgan Freeman dripping off his silky-smooth vocal chords. He reminisces about great moments in Olympic history. The most poignant of these commercials is the one f
Options Update: Bears Flex Their Muscles On Flextronics International
Flex What?What is the first thing you think about when you initially hear the name Flextronics International , or its ticker, FLEX? If you thought of Arnold Schwarzenegger posing on stage in his skivvies, you probably arent alone – I cant say that was the first thing I thought of, but I am fam
Options Update: Option Players Try to Capitalize on Lehman Brothers
Leh Down, LehmanYesterday, Lehman Brothers provided us with the news driving our focus stock. Today, LEH has become the focus stock … lets see whats up.The investment bank plummeted out of the gates, pushing the stock to a 9-year low as concerns grew about LEHs future. The firm stated tha
Options Update: Option Players Look for a Little Consol Energy
Energizing NewsLehman Brothers provided the news for todays focus stock, upping Consol Energys price target to $110 from $90. The brokerage added an equal weight reading into the mix, which was a reiteration of their current position. While this price-target elevation is quite a jump, it i
Options Update: Sears Holdings Hit by Heavy Option Activity
Trying to SHLD ItselfBrokerage firm Morgan Stanley decided to take the whooping stick to the retail sector this morning, lowering its 2009 earnings per share estimates for companies by an average of 3% and lowering price targets by an average of 8%. Morgan Stanley noted that its lead indicator drop
Options Update: Can Teva Pharmaceutical Withstand Today’s Bearish Run?
Effectively Bad NewsIn this mornings Opening View, my colleagues Andrea Kramer and Joseph Hargett touched on the bad news coming out of Teva Pharmaceutical , which has had a profound impact on the stock today, and the option activity. Recapping the news, TEVA announced that its multiple sclero