News
Top StorySPX down, but maybe not done
SPX VIX | Comment
In our last index update on Friday we called for more downside, and while yesterday we got it, the VIX didn’t even break 26.
July 3, 2008
ValueClick might finally be seen as a value to some options speculators
VCLK MSFT TWX NWS | Comment
ValueClick calls are active, a day after the shares hit a 52-week low, as investors try to bottom-pick.
Options volume rises nearly 36 percent in June; 1H volume sets pace for record year
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June options volume increases from a year ago levels. Overall volume is on pace for a record year.
ECB moves rates to 4.25
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The European Central Bank moved their rates up to 4.25 this morning. European Purchasing Managers Index shows its weakest reading since 2003. American, British Air, and Iberia in talks to revenue share.
What's news?
UBS MSFT YHOO AMR BHP | Comment
A summary of today's top stories for traders.
July 2, 2008
SanDisk calls heat up as institutions jump back into tech
SNDK | Comment
SanDisk rises as technology stocks try to stage a comeback in Q3 after a rough Q2. NAND prices also may be stabilizing.
Zoran calls, shares jump on speculation of buyout offer
ZRAN NVDA | Comment
Zoran jumps on speculation of a buyout offer from Nvidia. July 12.50 calls grab the most attention as shares move up to the session high.
Level 3 drop prompts bearish options plays
LVLT | Comment
Level 3 Communications breaks key support, prompting some options traders to scramble for puts.
MGM hits bottom, sees call buying
MGM | Comment
Just as MGM hits bottom, bouncing off of 30.54, someone stepped in to buy 5000 of the July 40 calls.
What's news?
JPM DB WMT SBUX CC MER MSFT YHOO | Comment
A summary of today's top stories for traders.
Asia down, Europe up
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Starbucks said it will close 600 U.S. stores over the next year. Published reports say Microsoft is still in the hunt for search engines.
July 1, 2008
Prudential puts aggressively bought despite shares' jump into positive ground
PRU HRB | Comment
Prudential September puts see unusual buying.
Take-Two puts active on speculation Electronic Arts may drop bid
TTWO ERTS | Comment
Take-Two is seeing some put buying, possibly setting up for Electronic Arts to walk away from its bid for its rival game-maker.
Lennar speculators buy puts, catching up to Street and short sellers' sentiment
LEN | Comment
Lennar puts active as shares fall to 8-year low. Goldman Sachs expects a wider-than-expected 2008 loss after a disappointing Q2.
Sun Microsystems put buying could mean more downside
JAVA | Comment
Sun Microsystems is down more than 50 percent in the last 8 months, and someone is looking for more downside with significant put buying.
What's news?
BUD UBS CVS EBAY WB LEH CFC TSN | Comment
A summary of today's top stories for traders.
Futures hammered on Euro-Zone sell off
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Euro-zone manufacturing contracted for the first time in 3 years. Morgan Stanley starts coverage on brokers and managers. Goldman Sachs removed NYSE Euronext from from its Conviction Buy List.