BEAS Leads The Negative Dollar Flow List, INTC Surprisingly, Leads Our Call List
Stocks are heading nowhere fast today,
despite better-than-expected earnings from a number of banking stocks.
Citigroup
(
C |
Quote |
Chart |
News |
PowerRating) beat expectations, followed by Bank America
(
BAC |
Quote |
Chart |
News |
PowerRating) and were somewhat responsible for the early rebound in the Dow.
Many of us on the floor feel that this may be a story repeated throughout the
earnings season; meet lowered estimates and give guidance as to the second
half of the year. According First Call, second-quarter profits are
expected to have fallen 18%, making this the worst performance since the
second quarter of 1991, when earnings tumbled 24.2 percent.
As to our most negative dollar-weighted equity volumes, BEA Systems has
seen some pretty active July 30 — Aug 25 put spread action, which accounts
for much of the dollar-weighted surge. Pip Coburn over at UBS and another
analyst over at Gruntal like BEAS, but the stock still remains under
pressure. BEA Systems
(
BEAS |
Quote |
Chart |
News |
PowerRating) is
trading down $2.30 to $23.21.
|
|
Call
|
Put
|
$W
|
$W
|
|
Symbol
|
Volume
|
Volume
|
Call
|
Put
|
|
BEAS
|
3,428
|
13,091
|
4,639
|
55,936
|
(1010WallStreet.com has licensed
the use of Hamzei Analytics proprietary options analytics)
Even though Intel
(
INTC |
Quote |
Chart |
News |
PowerRating) is trading down $.41, its dollar-weighted call volume leads our
equity listings. BAC’s action is more understandable given the positive
earnings report, but Intel as well as Oracle
(
ORCL |
Quote |
Chart |
News |
PowerRating) remain question marks, as the dollar-weighted numbers are telling
a different story than the present direction of the stocks.
|
|
Call
|
Put
|
$W
|
$W
|
|
Symbol
|
Volume
|
Volume
|
Call
|
Put
|
|
INTC
|
40,625
|
11,953
|
72,546
|
14,946
|
|
BAC
|
9,406
|
1,841
|
70,917
|
2,337
|
|
ORCL
|
19,060
|
3,837
|
34,697
|
6,611
|
(1010WallStreet.com has licensed
the use of Hamzei Analytics proprietary options analytics)
Do you have a follow-up question about something in this column or other questions about trading stocks, futures, options or funds? Let our expert contributors provide answers in the TradingMarkets Trading Advisor! E-mail your question to questions@tradingmarkets.com.
For the latest answers to subscriber questions, check out the Q&A section, linked at the bottom-right section of the TradingMarkets.com home page.