Caterpillar has been trying to advance, but one investor remains nervous.
optionMONSTER’s Depth Charge tracking program detected the purchase of 11,945 January 85 puts for $1.23 and the sale of an equal number of January 95 calls for $0.46. Volume exceeded open interest at both strikes, indicating that new positions were initiated in each.Read more »
Option activity was extreme in Facebook yesterday, and some traders made some fast money.Read more »
Gold miners have been weak for years, but it could be time to jump in.Read more »
Shares of Cobalt International Energy are slipping off eight-month highs, but one trader is betting that the stock will hold most of its gains in coming months.Read more »
Biopharmaceutical company Medivation isn’t participating in the broad market rally today, but one large option trade is bullish.Read more »
Seagate has been rebounding in the last week, and one trader is betting that its stock will hold up through early 2013.Read more »
Stocks are drifting lower as traders brace for key employment data this morning.
The S&P 500 is down by less about one-quarter of a percent, tracking similar declines in Europe. Asian markets were modestly higher overnight after the S&P 500 closed near its highs yesterday.Read more »
Materials have been beaten down for years, but they’re finally starting to look attractive. Almost every chart in the metals and mining space appears to be bottoming or starting to climb. Steel makers, for instance, have been moving sideways for the last six months after an 18-month slide. Coal producers…Read more »
Stocks are climbing this morning on optimism toward the American and Chinese economies.
S&P 500 futures are up by about a quarter of 1 percent, tracking similar gains in Europe. Asian indexes surged overnight, led by gains of more than 2 percent in Hong Kong and Shanghai.Read more »
Centene is fighting back from a mid-year selloff, but one trader is positioning for another potential drop in the health insurer’s shares.Read more »
A huge call spread dominates today’s option activity in Microsoft this morning as shares remain near 2012 lows. MSFT is down fractionally today at $26.56, just above the close of $26.52 from two weeks ago, which was the lowest since the last day of 2011. Shares did climb up to…Read more »
Stock futures are up slightly, following modest gains in Europe, as the market awaits a resolution on the looming fiscal cliff. The S&P 500 is higher by about one-tenth of a percent. It’s been climbing for the last two weeks after bouncing from an early-November pullback and is now in…Read more »