Paper bought 3,700 LQD Aug 113 Calls for $0.65 (3.9 times usual volume) with stock at 111.15
Paper bought 2,340 WBMD Sep 30 Calls for $1.05 (10.7 times usual volume) with stock at $25.32
Paper bought 2,849 HALO Jul 7.5 Calls for $0.45 (3.9 times usual volume) with stock at $5.89
Paper bought 1,263 LNC Aug 36 Calls for $1.19 (2.8 times usual volume) with stock at $34.45
Paper bought 500 EUO Aug 19 Calls for $0.65 (2.7 times usual volume) with stock at $19.08
Author: Andrew Keene
Unusual Option Activity 6.24.2013
Paper bought 1,804 LVS Sep 46 Puts for $2.55 (2.4 times usual volume) with stock at $49.03Paper bought 2,603 LYB Aug 62.5 Puts for $2.80 (2.4 times usual volume) with stock at $64.62
Paper sold 3,833 JNK Sep 40 Puts for $2.40 (4.2 times usual volume) with stock at $38.52
Paper bought 2,340 WBMD Sep 30 Calls for $1.05 (10.7 times usual volume) with stock at $25.32
Paper bought 3,700 LQD Aug 113 Calls for $0.65 (3.9 times usual volume) with stock at 111.15
6.24.2013 Unusual Options Activity Halftime Report
F.A.Q
Who is Andrew Keene?
Andrew Keene is an options trader, educator, and mentor. Prior to founding KeeneOnTheMarket.com, Andrew spent a decade on the floor of the Chicago Board Options Exchange as an independent market maker, first with Botta Capital then with KATL Group. His first book, Keene On The Market: Trade To Win Using Unusual Options Activity,is due to be published in July from Wiley.
What is KeeneOnTheMarket.com?
KeeneOnTheMarket.com was founded in 2011 as a mean to facilitate the 'new wave' of trading. With the rise of online brokerages in the 1990s, anyone with computer and internet connection could execute trades in their portfolio without the assistance of a broker. This 'new wave' of trading and affordable, easy to access liquidity led to a surge in the number of 'retail' traders (individual investors who actively trade their own accounts).
KeeneOnTheMarket.com is an education service and financial blog and designed to offer new wave traders the best information possible to manage risk effectively when trading. Additionally, the site serves as a community for traders around the world, removing the isolation felt by many in the profession.
What products or services do you offer?
KeeneOnTheMarket.com offers a live trading room, Twitter trade alert service, and both one-on-one and group options mentorship and education.
What is the live trading room?
The live trading room is forum where members can see Keene trade his account in real time, ask questions, and interact with other members of the room. In the room, members are able to see charting and unusual option activity order flow. Members will hear 4+ hours of audio as Keene discusses unusual options activity, earnings trades, trade setups, and technical analysis and market commentary. Members may request analysis of a given stock or trade in the room, and are also entitled to a 24 hour response to email queries. This article mentions your favorite at super low prices. Choose from same-day delivery, drive-up delivery or order pickup.
What is 'unusual option activity' and what is 'paper'?
Unusual options activity is an order for an options contract exceeding the average volume for a given asset. Tracking this activity provides traders and investors with insights into the positions of paper. On the trading floor, brokers would carry orders from institutions from brokers into the pits. Derived from this occurrence, term paper is used to describe an order from an institution such as a hedge fund, mutual fund, bank, or a big trader.
What is Premium Twitter?
Premium Twitter is an alert service designed active traders who may not be in front of a computer screen every day. By following @KOTMPremium, subscribers see as Keene tweets out positions on his watch list, flags unusual options activity, and gives updates on working and filled orders.
Do you offer product trials and if so, how can this be arranged?
To arrange a trial subscription to the Live Trading Room or Premium Twitter feed, email andrew@keeneonthemarket.com or call 312-261-5581.
Biggest Bearish Activity 6.21.2013
Paper bought 1,114 MMC Jun 40 puts for $0.90 (6.2 times usual volume) with stock at $39.18Paper bought 1,090 TLM Jul 11 Puts for $0.35 (2.6 times usual volume) with stock at $11.46
Paper bought 667 BLK Jul 250 Puts for $8.10 (3.8 times usual volume) with stock at $254.62
Paper bought 738 KMI Jun 37.5 Puts for $0.80 (3.2 times usual volume) with stock at $36.76
Paper bought 738 KMI Jun 37.5 Puts for $0.80 (3.2 times usual volume) with stock at $36.76
Biggest Bullish Activity 6.21.2013
Paper bought 4,227 ORCL Jan 31 Calls for $2.13 (3.1 times usual volume) with stock at $30.43
Paper bought 20,000 CLWR SEP 3.5 Calls for $1.60 (2.3 times usual volume) with stock at $5.05
Paper bought 4,384 PSX Nov 67.5 Calls for $2.10 (5 times usual volume) with stock at $58.89
Paper bought 2,752 HTZ Jul 24 Calls for $0.90 (4.7 times usual volume) with stock at $23.60
Paper bought 1,704 ABV Jan 46 Calls for $0.35 (3.2 times usual volume) with stock at $34.02
Unusual Option Activity 6.21.2013
Paper bought 4,227 ORCL Jan 31 Calls for $2.13 (3.1 times usual volume) with stock at $30.43Paper bought 20,000 CLWR SEP 3.5 Calls for $1.60 (2.3 times usual volume) with stock at $5.05
Paper sold 9,250 ARCP Oct 15 Calls for $0.55 (27.4 times usual volume) with stock at $14.30
Paper bought 4,384 PSX Nov 67.5 Calls for $2.10 (5 times usual volume) with stock at $58.89
Paper bought 2,752 HTZ Jul 24 Calls for $0.90 (4.7 times usual volume) with stock at $23.60
Paper bought 2,752 HTZ Jul 24 Calls for $0.90 (4.7 times usual volume) with stock at $23.60
Sprint Tries to Push Dish Out of Deal for Clearwire
Sprint’s newest offer has been a struggle for Dish because of the support that the potential deal has garnered from investors that they previously did not have. Clearwire shares have been on the rise this year and are up 75%. The reason behind Clearwire’s rising stock has been in part due to the bidding war that has been going on for the company. If Sprint were able to acquire Clearwire they hope to improve its high-speed data network and wireless service. On the other hand, Dish was hoping to get into the cellular service market and expand it business from just satellite television through the Clearwire bid. All of this comes at a time when Dish was not only looking to acquire Clearwire, but also looking to buy Sprint. However, it was announced that Dish has officially given up the acquisition of Sprint and it will not offer any new bids for the company. The company SoftBank, which is located in Japan, offered a bid at $21.6 billion for a large stake in Sprint. After the offer was announced Dish has decided not to counter bid and will look to stop their efforts to buy Sprint.
SPRD: Communicating Success
Earlier this month, SPRD stock shares spiked to prices well above those from the past three months “due to the continuing strong demand throughout the quarter for low-cost smartphones,” as quoted by CEO Leo Li, in addition to optimistic revenue guidance reports for Q2 according to other SPRD officials. It predicts at most $270-278 million in revenue (a Q1 / Q2 increase of about 42.9% to 47.1%) which is significantly higher than its previous guidance reports which were around $220-$228 million.
Though SPRD previously operated in the TD-SCDMA Chinese air-interface market, it is now making new ventures into the W-CMDA, an alternative 3G air-interface network. SPRD estimates 800 million units in the W-CMDA network by 2014 and nearly 1 billion units by 2015 due to growth from other newly emerging markets, ensuring plenty of potential gain in this networking avenue.
SPRD’s prices rose nearly $2.00 from yesterday within a matter of minutes with today’s top price at $26.53 taking its place as the high for the week. So far today’s growth has been well-stabilized and relatively high.
SPRD’s optimistic estimates on Q2 revenue, outreach into new markets, stable gross margins, and investments in future technologies give it a bullish outlook for investors and is sure to succeed with these propitious signifiers.