TraderPlanet Market News - Options
Mike Khouw's OpenTable Inc Trade
OPEN) to consider an option strategy that could help them to recover from today's loss. He said that people often ask him what to do after a stock trades significantly lower. Mr. Khouw explained that there is no magic bullet in these situations, but if you use options it is possible to increase your profits, if the stock rebounds. OpenTable Inc (OPEN) recovers $5 you would double the profit. If the stock continues to trade lower, you would lose money, but with this strategy you would not be buying more shares, and taking more risk.
Notable Put Options Activity in CBRE Group
Shares of CBRE Group (NYSE: CBG) are lower on the session by 6.54%, currently trading at $18.00. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $18.00 put, which has traded 6,890 times on open interest of 767 contracts. Put volume is outpacing call volume by 13 to 1. CBRE Group, Inc., formerly CB Richard Ellis Group, Inc., is a holding company that conducts all of its operations through its indirect subsidiaries. It is a commercial real estate services company offering a range of services to occupiers, owners, lenders and investors in office, retail, industrial, multi-family and other types of commercial real estate.
Notable Put Options Activity in First Cash Financial Services
Shares of First Cash Financial Services (NASDAQ: FCFS) are lower on the session by 0.78%, currently trading at $43.18. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $35.00 put, which has traded 3,750 times on open interest of 7,484 contracts. The Mar2012 $40.00 put also traded 3,700 contracts on 4,931 contracts. Put volume is outpacing call volume by 2 to 1. First Cash Financial Services, Inc. is an operator of retail-based pawn and consumer finance stores in the United States and Mexico. As of February 2011, the company had over 620 locations in nine states of United States and 21 states in Mexico.
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Is LogMeIn Headed Lower?
Shares of LogMeIn (NASDAQ: LOGM) are trading lower on the session by 3.43%, at $39.70. The stock had been trading higher earlier in the session, but has since tumbled lower on heavy volume. Shares have already turned over the daily volume with nearly three hours left to trade. LogMeIn has ticking higher over the past seven weeks, though shares have found resistance near $42.00 more than once. It appears that LOGM may not be ready for a bull run just yet; in fact, given its performance throughout the back half of 2011, shares are in danger of giving up the 50-day moving average and heading lower. If shares were to break below $36.50, the stock would confirm that a major medium-to-long term downtrend has been established. Options action is favoring the puts today with the February 2012 $40.00 strike trading 4,625 times on no open interest; 95% of the action has been on the offer, indicating buyers. That is roughly 600x normal put volume, by the way. With 10.87% short interest, this is not a new story. Clearly, traders have been legging into LogMeIn on pops. Perhaps they are right in that shares are heading lower. With that said, given the high short interest it is best to play the down side through the option markets. While volatility is high, this is the best way to gain from a selloff and have a limited max loss.LogMeIn, Inc. is a provider of on-demand, remote-connectivity, and support solutions to small and medium-sized businesses, information technology service providers, mobile carriers and consumers
Notable Put Options Activity in Stryker
Shares of Stryker (NYSE: SYK) are lower on the session by 0.98%, currently trading at $54.64. The stock has been moving largely higher over the past eight weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $50.00 put, which has traded 3,100 times on open interest of 0 contracts. The June2012 $49.00 and $55.00 puts also traded 1,275 contracts on 0 open interest. Put volume is outpacing call volume by 2 to 1. Stryker Corporation is a medical technology company. The company provides orthopaedic implants, as well as medical and surgical equipment. It has two segments: Orthopaedic Implants and MedSurg Equipment.
Notable Put Options Activity in Universal Display
Shares of Universal Display (NASDAQ: PANL) are higher on the session by 0.26%, currently trading at $46.19. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $45.00 put, which has traded 1,100 times on open interest of 199 contracts. The Feb2012 $40.00 put also traded 1,000 times on 661 contracts. The spread is an opening transaction. Put volume is outpacing call volume by 5 to 1. Universal Display Corporation is engaged in research, development and commercialization of organic light emitting diode, technologies and materials.
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Notable Put Options Activity in Rackspace Hosting
Shares of Rackspace Hosting (NYSE: RAX) are lower on the session by 1.83%, currently trading at $48.71. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $44.00 put, which has traded 2,500 times on open interest of 3,296 contracts. The Feb2012 $48.00 put also traded 1,249 times on 1,449 contracts. Put volume is outpacing call volume by 5 to 1. Rackspace Hosting, Inc. operates in the hosting and cloud computing industry. It offers its products under the Fanatical Support brand. As of December 31, 2010, the company's are sold to businesses in more than 120 countries.
Notable Put Options Activity in BorgWarner
Shares of BorgWarner (NYSE: BWA) are lower on the session by 1.19%, currently trading at $77.25. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $80.00 put, which has traded 1,240 times on open interest of 0 contracts. Put volume is outpacing call volume by 16 to 1. BorgWarner Inc. and Consolidated Subsidiaries is a global supplier of engineered automotive systems and components, primarily for powertrain applications. The company has two segments: Engine and Drivetrain.
Notable Put Options Activity in OPNET Technologies
Shares of OPNET Technologies (NASDAQ: OPNT) are lower on the session by 15.09%, currently trading at $32.25. The stock has been moving largely higher over the past six weeks, but it is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $35.00 put, which has traded 3,100 times on open interest of 2,639 contracts. The Feb2012 $30.00 put also traded 2,400 times on 1,655 contracts. Put volume is outpacing call volume by 16 to 1. OPNET Technologies, Inc. is a provider of application and network performance management solutions. OPNET's software products address application performance management (APM) network operations, capacity management, and network research and development.
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Notable Put Options Activity in Continental Resources
Shares of Continental Resources (NYSE: CLR) are lower on the session by 1.82%, currently trading at $80.32. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $75.00 put, which has traded 2,900 times on open interest of 1,905 contracts. Put volume is outpacing call volume by 5 to 1. Continental Resources, Inc. is an independent crude oil and natural gas exploration and production company with operations in the North, South and East regions of the United States.
Notable Call Options Activity in Silicon Motion Technology
Shares of Silicon Motion Technology (NASDAQ: SIMO) are higher on the session by 6.54%, currently trading at $20.20. The stock has been moving largely higher over the past three months, but it is currently trading below the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $20.00 call, which has traded 2,000 times on open interest of 689 contracts. Calls are outpacing puts today by 19 to 1. Silicon Motion Technology Corporation is a fabless semiconductor company that designs, develops and markets semiconductor solutions for the multimedia consumer electronics market.
Notable Call Options Activity in Mitek Systems
Shares of Mitek Systems (NASDAQ: MITK) are higher on the session by 15.56%, currently trading at $10.10. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $10.00 call, which has traded 1,500 times on open interest of 904 contracts. Calls are outpacing puts today by 9 to 1. Mitek Systems, Inc. is engaged in the development, sale and service of software solutions related to mobile imaging applications and intelligent recognition software.
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Notable Call Options Activity in Dana Holding Corporation
Shares of Dana Holding Corporation (NYSE: DAN) are lower on the session by 0.57%, currently trading at $15.63. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $18.00 call, which has traded 1,000 times on open interest of 65 contracts. Calls are outpacing puts today by 50 to 1. Dana Holding Corporation is a supplier of driveline products (axles, driveshafts and transmissions), power technologies (sealing and thermal-management products) and genuine service parts for light and heavy vehicle manufacturers world-wide.
Notable Call Options Activity in Glu Mobile
Shares of Glu Mobile (NASDAQ: GLUU) are higher on the session by 7.85%, currently trading at $4.26. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $5.00 call, which has traded 1,590 times on open interest of 6,905 contracts. Calls are outpacing puts today by 53 to 1. Glu Mobile Inc. designs, markets and sells mobile games. The company has developed and published a portfolio of casual and traditional games for a cross section of the users of smartphones and tablet devices who purchase its games through direct-to-consumer digital storefronts, as well as users of feature phones served by wireless carriers and other distributors.
Notable Call Options Activity in athenahealth
Shares of athenahealth (NASDAQ: ATHN) are higher on the session by 1.55%, currently trading at $63.42. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $65.00 call, which has traded 2,740 times on open interest of 1,554 contracts. Calls are outpacing puts today by 28 to 1. athenahealth, Inc. is a business services company that provides ongoing billing, clinical-related, and other related services to its customers.
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Notable Call Options Activity in Alere
Shares of Alere (NYSE: ALR) are higher on the session by 7.14%, currently trading at $26.27. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $27.00 call, which has traded 450 times on open interest of 5 contracts. Small lots are active on the name today. Calls are outpacing puts today by 2,000 to 1. Alere Inc., formerly Inverness Medical Innovations, Inc., provides diagnosis, monitoring and health management solutions.
Notable Call Options Activity in Avid Technology
Shares of Avid Technology (NASDAQ: AVID) are higher on the session by 20.24%, currently trading at $12.00. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $12.50 call, which has traded 1,070 times on open interest of 450 contracts. Calls are outpacing puts today by 15 to 1. Avid Technology, Inc. is a provider of digital media content-creation products and solutions for film, video, audio and broadcast professionals, as well as artists and home enthusiasts.
Notable Call Options Activity in Vical
Shares of Vical (NASDAQ: VICL) are lower on the session by 3.43%, currently trading at $3.66. The stock has been moving largely lower over the past three months and is currently trading below the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the June 2012 $5.00 call, which has traded 780 times on open interest of 1,266 contracts. Calls are outpacing puts today by 12 to 1. Vical Incorporated researches and develops biopharmaceutical products based on its deoxyribonucleic acid delivery technologies for the prevention and treatment of serious or life-threatening diseases.
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Notable Call Options Activity in Becton, Dickinson and Company
Shares of Becton, Dickinson and Company (NYSE: BDX) are lower on the session by 0.62%, currently trading at $77.03. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $80.00 call, which has traded 1,000 times on open interest of 1,958 contracts. Calls are outpacing puts today by 22 to 1. Becton, Dickinson and Company is a global medical technology company engaged in the development, manufacture and sale of medical devices, instrument systems and reagents used by healthcare institutions, life science researchers, clinical laboratories, the pharmaceutical industry and the general public.
Dan Nathan's Apple Inc. Trade
AAPL) is 21, while 30-day realized volatility, and 60-day realized volatility are 22 and 24 respectively. This means that options are cheap, said Mr. Nathan. If you think that there is still a lot of upside in Apple (AAPL) at $2.60. The premium is less than 1% of the underlying price. Apple Inc. (AAPL) gained 1.05% today, and it closed at $468.83.
Is Lender Processing Services Topped Out?
Shares of Lender Processing Services (NYSE: LPS) are trading lower on the session at 127%, at $19.47. The stock spiked to an intra-day high of $20.13 earlier I the session before being sold down hard. LPS has been downward trending throughout the session since that pop. Given the recent move in the name, where shares skyrocketed off of the January 13th $14.16 bottom, it is not unlikely that today's action indicates a short-to-medium term top in the name. Lender Processing Services is also trading well above the 20-day and 50-day moving average (both near $17.00), which should entice some shorts into the name to play mean-reversion. With just over 6% short interest and a lot of momentum built up, playing shorts shares may not be the smartest move from a risk perspective. However, the Mar2012 $20/17 put spread at a net debit $1.30 would be a good play; it gets you short the name right here, limits max losses, and has a max gain of $1.70, +131%, when shares trade lower by just 12.6%. If currently long the name, considering an overwrite would also be prudent. With only 11 days left to trade the Feb2012 $21 call offers decent premium ($0.40-0.50) for sellers, especially given the 72.58% vol on the strike versus overall historical volatility, at 41%. Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States.
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Notable Call Options Activity in TiVo
Shares of TiVo (NASDAQ: TIVO) are higher on the session by 1.47%, currently trading at $11.71. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the February 2012 $11.00 call, which has traded 7,799 times on open interest of 13,240 contracts. Large lots are active on the name today. Calls are outpacing puts today by 19 to 1. TiVo Inc. is a developer and provider of software, hardware, and services. As of January 31, 2011, the company generated revenues from three sources: consumer service, developing technology for television service providers and media services
Notable Call Options Activity in MGIC Investment
Shares of MGIC Investment (NYSE: MTG) are lower on the session by 2.46%, currently trading at $4.37. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $4.50 call, which has traded 14,100 times on open interest of 4,697 contracts. Large lots are active on the name today. Calls are outpacing puts today by 11 to 1. MGIC Investment Corporation is a holding company and through wholly owned subsidiaries the company is a provider of private mortgage insurance in the United States.
Notable Call Options Activity in Vishay Intertechnology
Shares of Vishay Intertechnology (NYSE: VSH) are lower on the session by 6.05%, currently trading at $12.02. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $12.50 call, which has traded 875 times on open interest of 505 contracts. The Apr2012 $12.50 call also traded 870 times on 2,317 contracts. Calls are outpacing puts today by 17 to 1. Vishay Intertechnology, Inc. is a global manufacturer and supplier of discrete semiconductors and passive electronic components. Semiconductors include MOSFETs, diodes, and optoelectronic components. Passive electronic components include resistive products, capacitors, and inductors.
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Notable Call Options Activity in IntercontinentalExchange
Shares of IntercontinentalExchange (NYSE: ICE) are higher on the session by 0.17%, currently trading at $122.97. The stock has been moving largely higher over the past three weeks and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $125.00 call, which has traded 574 times on open interest of 540 contracts. Small lots are active on the name today. Calls are outpacing puts today by 5 to 1. IntercontinentalExchange, Inc. is an operator of global futures exchange and over-the-counter markets and derivatives clearing houses. ICE operates futures and OTC marketplaces for trading an array of energy and agricultural commodities, credit default swaps, equity index and foreign exchange contracts.
Notable Call Options Activity in Lender Processing Services
Shares of Lender Processing Services (NYSE: LPS) are higher on the session by 0.92%, currently trading at $19.90. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average.Options traders are focusing on calls today. The strike seeing the heaviest volume is the March 2012 $18.00 call, which has traded 1,250 times on open interest of 5,085 contracts. Calls are outpacing puts today by 3 to 1. Lender Processing Services, Inc. is a provider of integrated technology and services to the mortgage lending industry, with mortgage processing and default management services in the United States.
Notable Put Options Activity in Leggett & Platt
Shares of Leggett & Platt (NYSE: LEG) are lower on the session by 5.39%, currently trading at $22.13. The stock has been moving largely lower over the past two months and is currently trading below the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $22.50 put, which has traded 1,590 times on open interest of 1,239 contracts. Put volume is outpacing call volume by 5 to 1. Leggett & Platt, Incorporated is an international diversified manufacturer that conceives designs and produces a range of engineered components and products found in many homes, offices, retail stores and automobiles.
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Notable Put Options Activity in Marriott International
Shares of Marriott International (NYSE: MAR) are higher on the session by 0.47%, currently trading at $36.32. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the July 2012 $41.00 put, which has traded 4,900 times on open interest of 96 contracts. Put volume is outpacing call volume by 83 to 1. Marriott International, Inc. is a global operator and franchisor of hotels and related lodging facilities. The company develops, operates, and franchises hotels and corporate housing properties under separate brand names, and it develops, operates, and market timeshares, fractional ownerships, and residential properties under four separate brand names.
Notable Put Options Activity in Itron
Shares of Itron (NASDAQ: ITRI) are higher on the session by 0.88%, currently trading at $41.40. The stock has been moving largely higher over the past two months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $40.00 put, which has traded 1,110 times on open interest of 4,413 contracts. Put volume is outpacing call volume by 14 to 1. Itron, Inc. is a technology company, offering end-to-end smart metering solutions to electric, natural gas, and water utilities around the world.
Notable Put Options Activity in Reynolds American
Shares of Reynolds American (NYSE: RAI) are higher on the session by 0.72%, currently trading at $40.29. The stock has been moving largely lower over the past six weeks, though it is currently testing the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the February 2012 $40.00 put, which has traded 3,000 times on open interest of 5,163 contracts. The May2012 $40.00 put also traded 3,000 times on 1,871 contracts. Put volume is outpacing call volume by 18 to 1. Reynolds American Inc. is a holding company. The company's operating subsidiaries include cigarette manufacturer in the United States, R. J. Reynolds Tobacco Company, and the smokeless tobacco products manufacturer in the United States, American Snuff Company, LLC.
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Notable Put Options Activity in Virgin Media
Shares of Virgin Media (NASDAQ: VMED) are lower on the session by 0.84%, currently trading at $24.28. The stock has been moving largely higher over the past six weeks and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the March 2012 $23.00 put, which has traded 1,250 times on open interest of 1,910 contracts. Put volume is outpacing call volume by 7 to 1. Virgin Media Inc. is engaged in entertainment and communications business. The company has two segments: Consumer and Business.
Notable Put Options Activity in Toll Brothers
Shares of Toll Brothers (NYSE: TOL) are lower on the session by 0.13%, currently trading at $23.25. The stock has been moving largely higher over the past three months and is currently trading above the 50-day moving average. Options traders are focusing on puts today. The strike seeing the heaviest action is the June 2012 $27.00 put, which has traded 5,000 times on open interest of 0 contracts. Put volume is outpacing call volume by 5 to 1. Toll Brothers, Inc. designs, builds, markets and arranges financing for single-family detached and attached homes in luxury residential communities.
