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U.S. stock market report
1731 ET 14Jul2009- Earnings diary for Wednesday -----------------------------------------------------------------------------
The day's earnings calendar includes quarterly results from Abbott Labs and Xilinx Inc
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1730 ET 14Jul2009- Economic diary for Wednesday -----------------------------------------------------------------------------
The day's economic agenda includes minutes from the last Federal Reserve meeting, CPI data and an industrial production report.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1644 ET 14July2009 S&P index futures up after Intel; Intel jumps 7 pct -----------------------------------------------------------------------------
S&P 500 stock index futures rose about 1 percent after chip maker Intel Corp reported results that sharply beat expectations and gave a forecast for revenue that also topped estimates.
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Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1634 ET 14July2009 Option players take bearish stance in Humana -----------------------------------------------------------------------------
Options players appear to be anticipating a drop in the shares of Humana Inc, one day after it lost a key contract from the Defense Department's TRICARE program for the southern region. Aetna Inc and UnitedHealth Group Inc won new multibillion dollar contracts on Monday to provide services under a U.S. defense department's health care plan, replacing rivals Health Net Inc and Humana. Humana shares fell 7.55 percent to $28.28. In all about 12,000 puts and 5,862 calls traded, four times the combined daily volume, according to Trade Alert. Volume in Humana's July $27 puts rose to 4,670 against 552 contracts outstanding, said optionMonster analyst David Russell in comments on the firm's Web site. A single purchase of 4,500 contracts for 20 cents accounted for most of the volume. At $28.90, HUM would have to fall 7.3 percent the remainder of this week for the puts to turn a profit, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1542 ET 14July2009 AIG action favors puts as buyers emerge -----------------------------------------------------------------------------
American International Group option volume of about 129,000 contracts was double the norm with puts outnumbering calls by a factor of 1.60, according to Trade Alert. Its shares fell 2.47 percent to $14.21 erasing earlier gains on a bout of short-covering as the stock became easier to borrow after a reverse stock split on July 1, said WhatsTrading.com option strategist Frederic Ruffy. He noted that short sellers have been aggressively taking positions in anticipation of future woes. In the options market, trading was brisk with about 79,000 puts and 49,000 calls crossing the tape. The July $14 put contract is the busiest, with 13,400 lots traded earlier and some opening put buyers apparently taking fresh positions, he said. The stock's option implied volatility is lower, however; and is down to 163 percent from about 170 percent the previous session.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1435 ET 14July2009 Option market suggests lower volatility ahead -----------------------------------------------------------------------------
The CBOE Volatility Index, the implied volatility measure of the S&P 500 index, fell again and stood at 25.67, down 2.39 percent. The VIX bounced off a low of 25.43 and will be testing the closing record lows of 2009 set last month, said Scott Larison, VP of options trading at Compass Point Research & Trading. Last month's 2009 low of 25.93 was the lowest close prior to Lehman Brothers fallout since mid-Sept 2008, he said. 'Investors continue to assign lower relevance to the reading of implied volatility via the equity option market,' said Andrew Wilkinson, market analyst at Interactive Brokers Group. Last week's bear run on the market only provoked a rise of 33 for the VIX. 'We still take the view that much of the world's problems have at the very least been quantified and given the scope of measures employed in dealing with them, the likelihood of a sustained rise in volatility would appear to be low,' he said. Wilkinson also noticed the sale of around 10,000 August VIX 30 calls ranging from $2.90 to $3.20. If the VIX stays below the strike through expiration, the calls are worthless.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
U.S. stock market report
1731 ET 14Jul2009- Earnings diary for Wednesday -----------------------------------------------------------------------------
The day's earnings calendar includes quarterly results from Abbott Labs and Xilinx Inc
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1730 ET 14Jul2009- Economic diary for Wednesday -----------------------------------------------------------------------------
The day's economic agenda includes minutes from the last Federal Reserve meeting, CPI data and an industrial production report.
For more please double click
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1644 ET 14July2009 S&P index futures up after Intel; Intel jumps 7 pct -----------------------------------------------------------------------------
S&P 500 stock index futures rose about 1 percent after chip maker Intel Corp reported results that sharply beat expectations and gave a forecast for revenue that also topped estimates.
For details, see
Reuters Messaging rm://caroline.valetkevitch.reuters.com@reuters.net
1634 ET 14July2009 Option players take bearish stance in Humana -----------------------------------------------------------------------------
Options players appear to be anticipating a drop in the shares of Humana Inc, one day after it lost a key contract from the Defense Department's TRICARE program for the southern region. Aetna Inc and UnitedHealth Group Inc won new multibillion dollar contracts on Monday to provide services under a U.S. defense department's health care plan, replacing rivals Health Net Inc and Humana. Humana shares fell 7.55 percent to $28.28. In all about 12,000 puts and 5,862 calls traded, four times the combined daily volume, according to Trade Alert. Volume in Humana's July $27 puts rose to 4,670 against 552 contracts outstanding, said optionMonster analyst David Russell in comments on the firm's Web site. A single purchase of 4,500 contracts for 20 cents accounted for most of the volume. At $28.90, HUM would have to fall 7.3 percent the remainder of this week for the puts to turn a profit, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1542 ET 14July2009 AIG action favors puts as buyers emerge -----------------------------------------------------------------------------
American International Group option volume of about 129,000 contracts was double the norm with puts outnumbering calls by a factor of 1.60, according to Trade Alert. Its shares fell 2.47 percent to $14.21 erasing earlier gains on a bout of short-covering as the stock became easier to borrow after a reverse stock split on July 1, said WhatsTrading.com option strategist Frederic Ruffy. He noted that short sellers have been aggressively taking positions in anticipation of future woes. In the options market, trading was brisk with about 79,000 puts and 49,000 calls crossing the tape. The July $14 put contract is the busiest, with 13,400 lots traded earlier and some opening put buyers apparently taking fresh positions, he said. The stock's option implied volatility is lower, however; and is down to 163 percent from about 170 percent the previous session.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1435 ET 14July2009 Option market suggests lower volatility ahead -----------------------------------------------------------------------------
The CBOE Volatility Index, the implied volatility measure of the S&P 500 index, fell again and stood at 25.67, down 2.39 percent. The VIX bounced off a low of 25.43 and will be testing the closing record lows of 2009 set last month, said Scott Larison, VP of options trading at Compass Point Research & Trading. Last month's 2009 low of 25.93 was the lowest close prior to Lehman Brothers fallout since mid-Sept 2008, he said. 'Investors continue to assign lower relevance to the reading of implied volatility via the equity option market,' said Andrew Wilkinson, market analyst at Interactive Brokers Group. Last week's bear run on the market only provoked a rise of 33 for the VIX. 'We still take the view that much of the world's problems have at the very least been quantified and given the scope of measures employed in dealing with them, the likelihood of a sustained rise in volatility would appear to be low,' he said. Wilkinson also noticed the sale of around 10,000 August VIX 30 calls ranging from $2.90 to $3.20. If the VIX stays below the strike through expiration, the calls are worthless.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.