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(RTTNews) - Kforce Inc. (KFRC: News ) announced after the bell Tuesday that its Kforce Government Solutions subsidiary entered into an Administrative ...
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Small Cap Bear 3X (NYSE: TZA) trading 27,000 January $9 calls, mostly buyers looking for market pullback as the volume is well above the open interest of 4,171. 45% of the trades have traded at the offer, 17% at the bid, and the remainder at the mark, with the larger blocks on the offer. Small Caps have had a great 2009 and may be the first to be dumped in 2010 as Portfolio Managers look to move to quality and safety with strong earnings power and high dividend yielding companies. Also, as my market outlook stated this morning, the 1,135 level in the S&P looks to be a near term top, and we could pull back to 1,075, which would send the TZA well above $11, doubling the value of these calls. Much of the volume may be portfolio hedges going into 2010, but it still shows caution, and targeting a 3X small cap bear fund makes sense, as it is the group likely to be sold off the hardest on a market pullback. The call volume is already 3X average daily call volume.
JOE KUNKLE, OptionsHawk.com
Trimeris, Inc. (NASDAQ: TRMS) is getting drummed this morning. The company’s tender offer by Arigene Co., Ltd. and RTM Acquisition Company is being terminated because Arigene was unable to secure sufficient financing for purposes of funding the tender offer. The tender offer expired on Monday, December 28, 2009. Trimeris had a market cap of a mere $71 million yesterday at $3.18 before the effects of this morning’s drop. At 8:49 AM EST we have shares trading down 18% at $2.60 on 67,000 shares. Average volume is 323,000 shares and the 52-week trading range is $0.84 to $3.68.
JON OGG