Paper bought 37,402 AMTD Aug 23 Calls for $.25 (18.5 times usual volume) when stock was trading $19.09
Paper sold 5993 JCP Jan 2014 8 Puts for $.60 (3.6 times usual volume) when stock was trading $16.75
Paper bought 1735 MCP Jan 5 Puts for $1.80 (2.9 times usual volume) when stock was trading $1.80
Paper bought 10830 TXN Jan 35 Calls for $2.70 (3.6 times usual volume) when stock was trading $34.48
Paper sold 5000 MTG March 2.5 Puts for $.10 (7.2 times usual volume) when stock was trading $2.75
Options Trading Blog
Options Trading Tips and Strategies
Is Silver Undervalued? (SLV, GLD, USD) 2.27.2013
The chart of silver may be depicting a buying opportunity with limited risk and a tight stop. Silver is in a down channel, but the current price may be suffering from an oversold condition. The market has seen this movie before. Silver saw a similar slump in December of 2012 where the metal fell over 10% as it traversed from the upper bound of the channel to the lower bound of the channel. The candlestick formation when silver bottomed during the aforementioned period is eerily similar to the ones at the present time. See chart below for specifics, but in essence, they are forming neutral dojis…an early indicator of a bottoming process.
Other drivers of the metals trade include push and pulls from the currency market. Over the same period mentioned above, the US Dollar index has rallied and the EUR/USD currency pair has fallen, giving more reason for the metal weakness. This may soon cycle back to prior levels, but is absolutely a risk to the outlined thesis.
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Apple & Google Pivot Points for 2.28.2013
Earnings Recap for MNST & SHLD 2.27.2013
S&P Emini Pivot points for 2.28.2013
Live Trading Room 2.27.2013 AM Session
Biggest Bearish Activity 2.27.2013
Paper bought 1400 TOO March 27 Puts for $.55 (6.0 times usual volume) when stock was trading $27.43
Paper bought 1300 TIBX March 21 Puts for $.50 when stock was trading $21.69
Paper sold 10,000 FLO March 25 Puts for $.15 (12.9 times usual volume) when stock was trading $28.61
Paper sold 4296 AUXL Sep 12.5 Puts for $.65 (15.7 times usual volume) when stock was trading $16.86
Paper sold 950 SKUL June 6 Puts for $.85 when stock was trading $6.16
Biggest Bullish Activity 2.27.2013
Paper bought 2240 ASTX July 3 Calls for $.70 (6.4 times usual volume) when stock was trading $3.22
Paper bought 2000 LBTYK April 75 Calls for $.275 (1029 times usual volume) when stock was trading $62.69
Paper bought 1125 DGI March 25 Calls for $2.40 (4.5 times usual volume) when stock was trading $27
Paper bought 5000 CHRW May 60 Calls for $1.20 (2.6 times usual volume) when stock was trading $56.23
Paper bought 3011 EXPD May 40 Calls for $1.05 when stock was trading $37.52
Unusual Options Activity 2.27.2013
Paper sold 10,000 RDN Jan 2014 5 Puts for $.45 (5.0 times usual volume) when stock was trading $8.42
Paper bought 19,884 LCC March 14-16 Call Spread for $.19 when stock was trading $13.46
Paper bought 9632 ENDP April 30-35 Call Spread for $1.45 (4.9 times usual volume) when stock was trading $1.45
Paper bought 9218 ELN July 11 Calls for $.80 when stock was trading $11.09
Paper bought 1131 TIVO March 13 Calls for $.26 when stock was trading $12.53
HLF Update (HLF, NUS) 2.27.2013
Later on, D.A. Davidson reiterated a buy rating on HLF shares and issued a $78 price target as a result of adjusted 2013 EPS.
During the HLF conference call, the firm decided to announce a series of operational and financial changes to the company, calling it the ‘Build it Better’ program. The firm also disclosed that there have not been any updates to the SEC inquiry. During the after market, shares turned negative after the call ended. HLF reported 22% YoY EPS increase.
According to news sources, Ackman was not allowed to ask questions during the call. HLF CEO also said that he had ‘short discussions’ with activist investor Carl Icahn, but he had, ‘nothing concrete to report.’ Additionally, CEO Michael Johnson said that, “we continue to believe, obviously, that the stock represents a compelling investment opportunity.”
Later on in the week, HLF decided to recall some of their shake mix products. According to sources, the mixes contained some traces of dairy products when they were propertied to be dairy-free.
HLF is displayed below.
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