Market Insights
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Options Alert: Put Volume Spikes in PepsiCo
PepsiCo began September with a failed rally, and a big options trade yesterday seemed to target further downside.
Options Alert: Mega Call Spreads Target Historic Level in Brazilian Energy Stock
For the second session in a row, options traders targeted a key level in South American oil driller Petrobras. Check out this large bullish call spread Monday in Rio De Janeiro-based PBR: A block of 40,000 January 14 calls was purchased for $0.50. An equal number of...
Stocks Muscle Higher as Rate Hike Looms and Earnings Stream In
Stocks are muscling higher before one of the busiest weeks of the year, packed with key earnings and a major Federal Reserve meeting. The S&P 500 rose 2.5 percent between Friday, July 15, and Friday July 22. The index closed at its highest level in over a month as...
This Food Stock Broke Out to New Highs. Now It’s Pulled Back
General Mills has been a slow mover for years, but the Cheerios maker has gotten more interesting lately. The main pattern on today’s chart is the June 29 rally above $73. That was not only a new 52-week high. It was also a breakout above the previous all-time peak in...
Energy Could Be Stabilizing as Focus Shifts to European Natural Gas Crunch
Energy stocks fell sharply in June as investors took profits on 2022's best-performing sector. Now they could be stabilizing as inventories tighten and Europe faces potential shortages. The S&P Energy Select Sector Index ($SIXE.X) rose above its 21-day exponential...
Options Alert: Traders Hedge Bets in Volatile Sports Wagering Stock
Someone could be hedging their bets in sport-betting stock DraftKings (DKNG). Check out this options activity yesterday morning: A trader purchased 27,000 October 10 puts for $0.94.At the same time, he or she sold 27,000 October 15 calls for $1.59. There was no open...
Stocks Just Defied the Bears as Attention Shifts from Inflation to Earnings Season
Stocks are holding their ground as attention shifts from inflation to earnings season. The S&P 500 fell 0.9 percent between Friday, July 8, and Friday July 15. At one point the index was down as much as 4.6 percent, but prices rebounded and stayed within their...
Technology & Communication
Options Alert: Call Spread Targets New Highs in AMD
Advanced Micro Devices has climbed in the last two weeks, and options traders are looking for more gains through mid-November. Heavy volume was detected yesterday in two calls expiring next month. The trades occurred in dozens of blocks between about 1pm and 3pm ET....
Lyft IPO to Price Higher than Expected Due to Strong Demand
It will cost investors a little more than they thought to ride Lyft's (LYFT) initial public offering on Friday. The Wall Street Journal reported yesterday that the ride-sharing company has met with such strong demand for its IPO that the shares will likely price above...
Naysayers Hapless as Worst-Case Scenarios Prove Elusive
It's hard being a stock bear now because worst-case scenarios are simply not panning out. Take the economy. It was supposed to slow down because of trade wars and the fading "sugar high" from President Trump's tax cuts. On Wednesday, that had Federal Reserve...
Confidence Keeps Spreading in this Favorite Corner of Tech
Semiconductors are ripping as evidence keeps suggesting a rebound is coming soon. The Philadelphia Semiconductor Index ($SOX) has surged almost 9 percent since the beginning of last week. That's more than twice the gain of the broader S&P 500 over the same period....
Is Advanced Micro Devices the Latest Esports Player?
Advanced Micro Devices (AMD) ripped to a five-month high on news it may be getting into esports. Alphabet (GOOGL) announced it will use the actively traded company's chips in its new Stadia cloud-based video-game service. That could make AMD a key player in a...