Halftime Report for 2.22.2012

HPQ is currently trading near its 52 week highs and is getting ready to report after the close today. HPQ Quarterly Earnings and estimates (Q4E)- $.87 and Quarterly Revenue(Q4E)- $30.7B. HPQ has a 61% positive surprise history. Should be interesting to see how HPQ trades post report as Dell fell after earnings.

MGM posted a profit of $3.1B vs last year’s profit of $1.44B. Revenue rose 55% or $2.3B as MGM made more from entertainment and the consumer spending more. MGM resorts said its US properties improved occupancy and average daily room rate.


We have seen a Customer buy FCEL July 2 Calls for $.25. I also bought them due to the volume and massive move of the FCEL stock.

We have seen a huge seller of MS Apr 22 Calls for $.25. As Andrew Keene reported on Bloomberg.. He thinks these are institutions repositioning. I believe this is a closing trade due to the open interest in MS Calls.

By Greg Zimny