Friday’s Options Alerts…
The Dow
(
$INDU |
Quote |
Chart |
News |
PowerRating) and S&P
(
$SPX |
Quote |
Chart |
News |
PowerRating) gained
ground for the third straight session today while profit taking and a weak
earnings report from Applied Materials
(
AMAT |
Quote |
Chart |
News |
PowerRating) helped drag the tech stocks
lower. The VIX
(
$VIX.X |
Quote |
Chart |
News |
PowerRating) gapped higher on the open, and spent the
rest of the trading session working its way lower to close near its lows of the
day. The VIX is telling us that fear is continuing to subside as positive news
about the economy and the war in Afghanistan keeps rolling in. Today’s action
triggered a CVR
VI sell signal for today. In addition, with the overbought condition, we are
getting close to a CVR II sell signal. The VXN
(
$VXN.X |
Quote |
Chart |
News |
PowerRating) exhibited similar action as the VIX today as it too gapped up on the open but work
its way back down to close in the lower half of its range. This intraday action also showed that
fear is continuing to subside. The VXN did not trigger any CVR signals for today.
Points of Significance
Fuel Cell Energy
(
FCEL |
Quote |
Chart |
News |
PowerRating) jumped over 23% on
six times its average daily trading volume on news that it entered into a
joint venture with Caterpillar
(
CAT |
Quote |
Chart |
News |
PowerRating) to distribute low-emission alternative
fuel cell products. Options volume was heavy today, trading over
four times its average. Computer Network Technology
(
CMNT |
Quote |
Chart |
News |
PowerRating) gained
over 21% today as it announced stronger than expected earnings. Its options
volume was eight times its average. Plug Power
(
PLUG |
Quote |
Chart |
News |
PowerRating) broke out of a base
and gained over 17% today after it announced earnings that were in-line with
analysts’ estimates. The company reported net loss for the quarter of $18.7
million, or 38 cents a share, against a loss of $28.7 million, or 66 cents a
share, in the year-ago period.
| Volatility Index |
Close | Net Change |
Signals/Direction | % Above/Below 10 Day Moving Average |
Significance |
| VIX | 27.78 | – 0.82 | CVR VI SELL |
7.24 % Under | Not At Extreme |
| VXN | 57.45 | + 1.07 | NONE | 1.07 % Under |
Not At Extreme |
Abnormal Options Volume With Price Movement
– Abnormal options volume (calls and puts) with stock price movement
| Name | Symbol | Net % Change |
Volume | Avg. Volume |
| Fuel Cell Energy | FCEL | + 23.24 | 1352 | 294 |
| Computer Network Technology |
CMNT | + 21.02 |
908 | 111 |
| Lumenis LTD |
LUME | + 20.43 |
762 | 105 |
| Plug Power |
PLUG | + 17.46 |
703 | 145 |
| Children’s Place | PLCE | + 15.56 | 1706 | 343 |
| Nabors Industries |
NBR | – 14.14 |
12891 | 2622 |
Stocks With Biggest Spikes in Implied
Volatility – Stocks with biggest increases or decreases in implied
volatility compared to previous day.
Spike Up
| Name | Symbol | IV | Previous IV |
High IV |
Low IV |
| Homestake Mining | HM | 66.4 | 40.1 | 64.2 | 38.2 |
| Telefonica S.A. | TEF | 43.2 | 35.5 | 50.4 | 32.2 |
| Schlumberger Ltd. | SLB | 48 | 39.8 | 52.9 | 36.2 |
| Bard Inc. | BCR | 43.5 | 36.3 | 53.2 | 19 |
| Dial Corporation | DL | 44.7 | 38.2 | 41.7 | 28.9 |
| Hanover Compressor | HC | 59.8 | 51.3 | 69.1 | 35.6 |
Spike Down
| Name | Symbol | IV | Previous IV |
High IV |
Low IV |
| TyCom LTD | TCM | 35 | 67.1 | 94.9 | 36.7 |
| ServiceMaster | SVM | 25 | 31.6 | 37.7 | 21.5 |
| Wachovia Corp. |
WB | 29.5 | 36.5 | 44.2 | 20.9 |
| New Plan Excel Realty |
NXL | 24.8 | 30 | 36.8 | 20 |
| TiVo, Inc. | TIVO | 78.3 | 94.7 | 129.4 | 82.3 |
| Genuine Parts |
GPC | 24.8 | 29.9 | 29.5 | 22.8 |
Please use stops on every trade!