tradeMONSTER: Trade free for 90 days

Options Trading News

April 24, 2013  Wed 12:21 PM CT

DB: SEE CHART GET CHAIN FIND STRATEGIES
Financials have been getting their act together in the United States, and now the bulls are hoping for a similar move in Europe.

optionMONSTER's tracking programs have detected unusual activity in companies such as Deutsche Bank, Credit Suisse, and HSBC. DB, for instance, appeared on our Heat Seeker market scanner on Monday as investors snapped up the May 42 calls for $0.70 to $0.85. The stock, which trades for barely half book value, has pushed higher since and those calls have roughly doubled to $1.55.

Today the activity shifted to HBC, which saw unusual buying in its September 55 contracts. The action in CS has been focused on the equity rather than the options. Our researchLAB tool, which analyzes relative performance of thousands of stocks and groups them thematically, shows the Swiss financial up 3.5 percent in the last month. That's more than twice the performance of the S&P 500 over the same period.

researchLAB also shows emerging strength in the most distressed European financials. National bank of Greece, for instance, has gained about 17 percent in the last two weeks and is now attempting to make a higher low. At $0.77, it's now above its 10-day moving average, which could signal a reversal of its bearish pattern.

Spanish lenders Banco Santander and Banco Bilbao Vizcaya have also outperformed the broader market over the last week. (See the dedicated Euro Crisis group on researchLAB for more.)
Share this article with your friends


Related Stories

DB

Second bullish roll in Deutsche Bank

November 21, 2014

The German bank hit a 52-week low on Oct. 16--near its worst levels since the global financial crisis six year years ago--but had been climbing in recent days with more positive economic data.

tradeMONSTER: Trade free for 90 days

TRADING WEEKLY OPTIONS

The fastest money in the market
View full report »

Premium Services

Archived Webinar

The Art of Trading: Forgiving the Spread

Education & Strategy

Know thy Greeks!

One of the most important roles played by the Option Pricing Model is the calculation of an important family of...

View more education articles »
optionMONSTER stockMONSTER tradeMONSTER