Options Trading Ideas
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BP options abuzz ahead of news conference
Today’s tickers: BP, WFT, ITT, AMR, OLN, VRGY & NANO BP - BP PLC – Options volume, options implied volatility and the value of shares in BP are on the rise ahead of a press conference in which the oil company will reportedly shed light on a possible deal with the Russian state-control...
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Williams Cos. Attracts Bullish Payers To Options Land
WMB - Williams Companies, Inc. – Bulls flocked to Williams Companies during the first half of the trading session and used both call and put options to position for near-term share price appreciation. Williams’ shares increased as much as 2.3% this morning to hit an intraday high of $24.27,...
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Options tactician targets Southwestern Energy Co.
SWN - Southwestern Energy Co. – Shares of the independent energy company engaged in natural gas and crude oil exploration, development and production increased as much as 1.6% at the start of the trading session to touch an intraday high of $32.60. Options trading on the stock took on a bullis...
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Rumor mill generates options feeding frenzy on U.S. Steel Corp.
X - United States Steel Corp. – Unconfirmed rumors that ArcelorMittal may be interested in buying U.S. Steel at $80.00 per share inspired an all-out options feeding frenzy on the Pittsburgh, PA-based steel producer. U.S. Steel’s shares rallied as much as 6.7% in the first half of the trading...
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Mixed action on ETF country plays
EFA - iShares MSCI EAFE Index Fund - One investor appears nervous over a continued slide lower for global stocks and used a put option combination in the index fund tracking Europe, Asia and Far Eastern markets in an effort to profit from a further 10% slide. The iShares ETF is trading at an unc...
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Cisco put sellers shout loudest
CSCO - Cisco Systems Inc. - A disappointing revenue forecast for the current quarter by computer giant Cisco late on Wednesday spawned more fears about the strength of global demand moving forward. Cisco’s shares fell pretty close to a 52-week low and stand 24% lower than an April peak. Options tr...
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Market slide has Japanese tracker options active
EWJ - iShares MSCI Japan Index - Since the middle of May, shares in the Japanese market tracker have lunged between a peak at $10.00 and $9.15 creating a neat trading range. With an overnight confidence in global stocks hitting the fan and a capitulation to a 15-year high for the yen, the EWJ has pr...
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Optimist enacts bullish risk reversal on Dollar Tree Stores ahead of earnings
DLTR - Dollar Tree Stores, Inc. – An investor expecting shares in Dollar Tree to rally significantly by November expiration initiated a bullish risk reversal on the stock today with the price of the discount retailer’s shares up 2.55% at $43.10 as of 3:05 pm ET. It looks like the trader sold...
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Options investor sells Comcast Corp. strangle
CMCSK - Comcast Corp. – The use of a short strangle on the provider of video, high-speed Internet and phone and cable services suggests one strategist expects the price of the underlying stock to remain range-bound through August expiration. Comcast’s shares inched 0.75% higher during the fi...
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Pessimist plants put spread on Comerica Inc.
CMA - Comerica Inc. – The financial services firm’s shares declined as much as 4.8% today to touch down at an intraday low of $36.38. One options investor expecting Comerica’s shares to continue to head south ahead of October expiration purchased a plain-vanilla debit put spread. Shares ar...
