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As of NOON EST we have seen some very off state in the Yahoo! Inc. (NASDAQ: YHOO) stock options. We have seen more than the entire open interest of the AUG-$16 CALLS trade hands and it is only NOONEST. This is the state in the AUGUST-2009 CALLS:
Strike.. LAST…volume /Open Interest
$15.00.. $0.80..7,259… 29,464
$16.00.. $0.39..82,151.. 77,586
$17.00.. $0.17..28,327.. 43,205
$18.00.. $0.07..8,939… 42,432
This is more contract state in the $16 CALLS than in the entire PUT matrix…. We have only seen about 32,000 contracts for the entire AUGUST-2009 PUT options with strike prices from $10.00 to $22.00.
This could be some traders commerce their “calls” they owned in hopes of a deal, but much of the state looks like traders making more face bets. If these are face bets, these are so far heading the wrong direction.
Jon C. Ogg
July 29, 2009
Trimble Navigation (Nasdaq: TRMB) shares are trading about 11 proportionality higher to $23.75 on more than 3 times normal volume as of 10:45 a.m. Wednesday. The company missed earnings and revenue expectations, but showed some signs that its engineering and construction business may be stabilizing, and also lost fewer mobile solutions subscribers. — Mike Tarsala
Exelixis Inc. (Nasdaq: EXEL) shares are up more than 3 percent to $6.07 in premarket trading, onĂ‚ volume of about 34,000 shares as of 8:40 a.m. Eastern. There is no news discover on the company, and no known new reports from analysts. Motley Fool mentioned the company rather passively in a story about biotechs being taken out, saying that EXEL is one with “multiple shots on goal”. Of note, Exelixis has a partnership with Bristol-Myers (NYSE: BMY), which bought Medarex Inc. (Nasdaq: MEDX) for a premium last week. At the time, Bristol Myers said it still had the resources for additional deals. — Mike Tarsala
USEC Inc. (NYSE: USU) is getting hammered on function volume after the US DOE declined its long-pending loan indorse application. Shares are down 45% at $3.40 at 9:44 AM EST and we have already seen over 8 million shares trade hands. Total average volume is only 2.6 million shares and the 52-week trading range is $2.58 to $7.24. -Jon Ogg
FULL DETAILS at 247WallSt.com
SunPower Corp. (NASDAQ: SPWRA) managed and upside surprise for the quarter and guided higher for the year. SPWRA has traded 833,000 shares after the close and is up nearly 18% at $29.25 as of 5:26 PM EST.Ă‚ The SPWRB shares are up nearly 19% at $25.60, but on volume of 122,000 since the close.Ă‚ SPWRA has an average of 4.6 million shares on most days and SPWRB trades only about 700,000 shares on average during normal days.
This was also strong enough to run another large solar stocks… First Solar (FSLR) closed up 4% at $157.78, and those shares are up 3.6% at $163.50.Ă‚ Suntech Power Holdings Co. Ltd. (STP) closed up nearly 6% at $18.93 and its after-hours trading is up 6% at $20.07.Ă‚ Energy Conversion Devices, Inc. (ENER) closed up nearly 4% at $13.48 and its after-hours trading is up 7% at $14.50.
Wynn Resorts Ltd. (WYNN) got a bit of a pop here in volume over the last 15 minutes.Ă‚ We have seen almost a million shares in that time trade and as of 2:45 PM EST there was over 5.5 million shares listed as the volume of the day.Ă‚ When you consider its average volume is 3.8 million, that is an intra-day volume alert.Ă‚ The stock is now up 7.5% at $45.43 now.Ă‚ The culprit for the advise is a tout by Jim Cramer on STOP TRADING on CNBC.Ă‚ He said he hates to say it, but with the new Macau IPO it filed for that this should probably be a $70 stock rather than one its $40’s….. The 52-week range is $14.50 to $119.74. -JON C. OGG
Novavax Inc. (Nasdaq: NVAX) shares are up 2.5 proportionality to $3.27 on premarket volume of about 180,000 shares just after 9 a.m. Eastern. The company said it has selected a respiratory virus candidate for additional preclinical studies to support an investigational new drug application. The company says the selected vaccine has been shown to protect mice against RSV disease and can be produced at commercial manufacturing yields. — Mike Tarsala
Plains Exploration & Production Company (NYSE: PXP) is trading more than 5,700 calls today, around 3X the norm, but the state is in the September $35 calls, where more than 4,065 have traded against no prior Open Interest, and shares are only at $28.74.Ă‚ A large block of 2,000 bought at the offer is responsible for much of the action.Ă‚ PXP’s fundamentals are not rattling strong, as shares have a lot of debt and trade 29X forward earnings, but ahead of August 6th earnings the state is substantially bullish due to an primeval morning note.Ă‚ The note mentioned that a California budget proposal would clear drilling soured the Santa Barbara coast, with Plains Exploration the company set to learn soured existing platforms.Ă‚ Environmentalists are opposed to the first offshore oil lease in California in 40 years, but an agreement would generate $2 billion over its lifetime, including $100 million this year.Ă‚ With a mart container of $3.36 billion, an agreement would be sure to send shares higher, and is likely the reasoning behind the bullish call activity in far out of the money strikes.
Joe Kunkle, founder of OptionsHawk.com
Yahoo! Inc. (NASDAQ: YHOO) is looking higher this morning on pre-market volume, but the stock is also getting a bit exhausted ahead of its earnings.Ă‚ This morning’s move is based upon the reports of a Microsoft search and advertising pact coming as soon as today.Ă‚ Both companies report earnings this week, so if no deal comes do not be shocked if and when there is a disappointment in the reaction.Ă‚ To show how much Yahoo! stock is dependent upon that deal, the 2.4% acquire to $17.28 this morning as of 8:30 has shares compares to a share price of $14.55 as recently as July 9.Ă‚ We have seen close to 200,000 shares trade hands.Ă‚ This “imminent” status will create large trading volume in either direction if and when it comes. -JON OGG
Suncor Energy Inc. (NYSE: SU) is seeing massive bullish state with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the state offer side.Ă‚ Shares have broken backwards above all major EMAs with potential status at $34.60, the 200 week EMA.Ă‚ Suncor is currently involved with a merger with Petro Canada, where Petro Canada shareholders receive 1.28 shares of Suncor per share held.Ă‚ The combined company will cut costs for Brobdingnagian oil sands projects and expects to be a longer term positive.Ă‚ Suncor earnings on July 23rd should provide more clarity on the merger proceedings and expected earnings impact.Ă‚ Regulatory approval is expected for Q3, but regardless of approval option traders are looking for an upside move in shares in the coming month.Ă‚ Another Brobdingnagian block of calls was just bought, 6,800+ for 17,000+ trading in the August $31 strike now.
-Joe Kunkle, founder of OptionsHawk.com
Suncor Energy Inc. (NYSE: SU) is seeing massive bullish action with more than 10,000 August $31 calls trading and 5,500+ August $32 calls trading against minimal open interest, almost all the action offer side.Ă‚ Shares have broken backwards above all major EMAs with potential status at $34.60, the 200 week EMA.Ă‚ Suncor is currently involved with a integration with Petro Canada, where Petro Canada shareholders receive 1.28 shares of Suncor per share held.Ă‚ The compounded company module cut costs for huge oil sands projects and expects to be a longer term positive.Ă‚ Suncor earnings on July 23rd should provide more clarity on the integration proceedings and expected earnings impact.Ă‚ Regulatory approval is expected for Q3, but regardless of approval option traders are looking for an upside move in shares in the coming month.Ă‚ Another huge block of calls was just bought, 6,800+ for 17,000+ trading in the August $31 accomplish now.
-Joe Kunkle, founder of OptionsHawk.com
Yahoo Inc. (Nasdaq: YHOO) shares are up nearly 3 percent to $16.65 on premarket volume of nearly 100,000 shares. The have haw be gaining on comments Google had on its conference call regarding the return of large online advertisers in the first quarter. Oppenheimer this morning noted that it now has greater confidence that Google can exceed income and EBITDA estimates, and that it haw exceed margin estimates. The research outfit upraised its Yahoo direct to $19 from $13.25. — Mike Tarsala
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BioCryst Pharmmaceuticals Inc. shares are up 32 percent to $5.60, on premarket volume of more than 100,000 shares. The company posted positive results from two Phase III studies of intravenous peramivir in patients with seasonal influenza. The studies were sponsored by BioCryst’s partner Shionogi & Co and conducted during the 2008-2009 influenza season. — Mike Tarsala.
Stec Inc. (Nasdaq: STEC) shares are up about 12 percent to $13.95 on more than double the stock’s average volume by about 11:30 a.m. Eastern. the winkle module storage company subscribed a $120 million deal with one of its largest customers to supply solid-state drives in the second half of 2009. The company did not announce the customer name. Stec counts IBM and Hitachi among its largest customers.Ă‚ Ă‚ – Mike Tarasla
Angiotech Pharmaceuticals, Inc. (NASDAQ: ANPI) has just exploded in trading volume and popped in price.Ă‚ Shares as of 12:55 PM EST have seen 1.065 million shares trade hands, and the gain in 17% at $1.68.Ă‚ Angiotech’s 52-week range is $0.10 to $3.00 and it trades an average of 2.5 million shares per day.
NEWS:Ă‚ While this was an expected an FDA approval, the company did announce that its corporate partner, Boston Scientific Corporation (NYSE: BSX), has received FDA approval to mart its TAXUS(R) Liberte(R) Long Paclitaxel-Eluting Coronary Stent System.Ă‚ This is the next-generation drug-eluting stent (DES) designed for long lesions that measures 38 mm and can potentially reduce the number of stents used in more Byzantine cases.
JON C. OGG
JULY 16, 2009 at 12:55 PM EST.
Following are the Top 5 stocks to watch this morning, following earnings reports:
Nokia (NYSE: NOK) shares are down 9% to $14.18 in early premarket trade. The company this morning met EPS expectations, but sales were lighter than consensus. The company expects industry mobile device shipments in Q3 to be at Q2 levels, or up slightly.
JP Morgan Chase & Co. (NYSE: JPM) are up roughly 1 percent to $36.55 on early premarket volume of about 55,000 shares. The company beat EPS expectations by 24 cents a share and reported what it titled a strong Tier 1 Capital ratio of 9.7%.
Cintas Corp. (Nasdaq: CTAS) shares fell 4.6% to $22.105 after hours. The company beat EPS expectations by a centime and share, and overall revenue was in line, although organic revenue retracted.
Xilinx Inc. (Nasdaq: XLNX) shares fell more than 5 percent to $19.46 after hours, after revenue fell nearly 5 percent vs. the year-ago period, and was short of analyst expectations. The company’s operative margins declined to 61 percent, and it guided operative expenses higher in the second half of the calendar year.
Polycom Inc. (Nasdaq: PLCM) shares rose more than 3 percent after hours to $22.50 after the company beat EPS expectations by a centime a share and said network systems solutions growth increased significantly, while its voice communications business showed signs of stabilization.
Mosaic Co. (NYSE: MOS) shares are up roughly 12 percent to $50 on early premarket volume of about 20,000 shares. Speculation is rising that Vale SA (VALE) may make a $25 1000000000 bid for Mosaic, following a report in the publication Estado. Some another agriculture and fertilizer stocks are rising in premarket trading on the news, including Potash Corp. (NYSE: POT), up more than 3 percent to $91.14 on early volume of more than 6,000 shares. — Mike Tarsala
CIT Group (CIT) sharesĂ‚ are likely toĂ‚ see a volume spike Thursday after newspaper reports suggest that a government bailout might not be cards, and talks reportedly broke down. That said, its failure to bonded government funding is not expected to take down the market, as stocks in Europe are trading only modestly lower. The company on Wednesday night was working with existing debtholders to potentially line up more cash, in an effort to avoid possible bankruptcy. — Mike Tarsala
Local.com Corp. (NASDAQ: LOCM) is air in price and in intensity this morning.Ă‚ This small internet search player, which specializes in local search, is generally anorectic volume.Ă‚ The 122,000 shares compares to about 58,000 for a flooded day on average.Ă‚ The near-19% gain to $3.95 gets it closer to the crowning of the $1.02 to $4.30 52-week trading range.Ă‚ Keep in mind this one has a tiny market cap of only about $56 million and that is after today’s rally. The company raised guidance is going to be profitable:
The last time this much intensity was seen was on both May 6 and May 7, and late in Apr before that. -Jon Ogg
Posted 11:05 AM EST
Local.com Corp. (NASDAQ: LOCM) is flying in price and in volume this morning.Ă‚ This small internet search player, which specializes in local search, is generally thin volume.Ă‚ The 122,000 shares compares to about 58,000 for a full day on average.Ă‚ The near-19% gain to $3.95 gets it closer to the top of the $1.02 to $4.30 52-week trading range.Ă‚ Keep in mind this one has a tiny market cap of exclusive about $56 million and that is after today’s rally. The company raised guidance is going to be profitable:
The last time this much volume was seen was on both May 6 and May 7, and late in April before that. -Jon Ogg
Posted 11:05 AM EST
Local.com Corp. (NASDAQ: LOCM) is flying in price and in volume this morning.Ă‚ This small internet search player, which specializes in local search, is generally thin volume.Ă‚ The 122,000 shares compares to most 58,000 for a full day on average.Ă‚ The near-19% gain to $3.95 gets it fireman to the crowning of the $1.02 to $4.30 52-week trading range.Ă‚ Keep in mind this one has a tiny market cap of only most $56 meg and that is after today’s rally. The company raised guidance is going to be profitable:
The last time this much volume was seen was on both May 6 and May 7, and late in April before that. -Jon Ogg
Posted 11:05 AM EST
Local.com Corp. (NASDAQ: LOCM) is flying in price and in intensity this morning.Ă‚ This small internet search player, which specializes in local search, is generally thin volume.Ă‚ The 122,000 shares compares to about 58,000 for a full period on average.Ă‚ The near-19% gain to $3.95 gets it closer to the top of the $1.02 to $4.30 52-week trading range.Ă‚ Keep in mind this one has a tiny market cap of only about $56 million and that is after today’s rally. The company raised counselling is going to be profitable:
The last time this much intensity was seen was on both May 6 and May 7, and late in Apr before that. -Jon Ogg
Posted 11:05 AM EST
Local.com Corp. (NASDAQ: LOCM) is flying in price and in volume this morning.Ă‚ This small internet search player, which specializes in local search, is generally thin volume.Ă‚ The 122,000 shares compares to most 58,000 for a full day on average.Ă‚ The near-19% gain to $3.95 gets it closer to the top of the $1.02 to $4.30 52-week trading range.Ă‚ Keep in mind this one has a tiny market cap of only most $56 million and that is after today’s rally. The company raised guidance is going to be profitable:
The last time this much volume was seen was on both May 6 and May 7, and late in April before that. -Jon Ogg
Posted 11:05 AM EST