Stocks on the move
Real-time Equity news
U.S. stock market report
1715 ET 28Aug2009
Economic indicators for Aug. 31
Economic indicators on tap for Monday, Aug 31, include Chicago PMI at 9:45 a.m. EDT (1345 GMT).
For details, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1703 ET 28Aug2009
US earnings diary for Aug. 31
Companies scheduled to report quarterly results on Monday, Aug 31, include Take Two Interactive Software Inc.
For details, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1656 ET 28Aug2009-US STOCKS
Dow, S&P dip; Nasdaq ekes out gain on Dell, Intel
U.S. stocks mostly slipped on Friday after a weak consumer sentiment report offset positive news from bellwethers Dell Inc and Intel Corp .
Support from the two companies, however, let the Nasdaq eke out a tiny gain.
For more, click
Reuters Messaging: angela.moon.reuters.com@reuters.net
1631 ET 28Aug2009 Traders eye Apple puts, bear fly likely enacted
Shares of Apple Inc rose 60 cents to $170.05. In the options patch, about 141,000 puts and 101,000 calls traded with puts outpacing calls by a factor of 1.40, according to Trade Alert. The top trade earlier in the session was a so-called butterfly put spread involving the $135-$145-$155 strikes in the September contract that traded for 43 cents, said WhatsTrading.com option strategist Frederic Ruffy.
It might be a closing transaction, he said. If not, it represents a very bearish fly, as it yields maximum profits if Apple shares fall to $145, or 14.7 percent, over the next three weeks.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1603 ET 28Aug2009 Citi calls outpace puts, volume swells
Citigroup shares rose 3.56 percent to $5.23. But in the stock's options, activity was brisk as traders exchanged about 1.32 million calls, above the daily norm and more than two times the number of puts, according to Trade Alert.
The stock averaged 800,000 calls vs. 570,000 puts over the past 30 days, said optionMonster co-founder Jon Najarian in comments on the Web site. The action is a complete change from recent rallies over the last quarter, with up days causing put protection buying, a more frequent occurrence than call interest, he said. The most active contract is the Sept $5 call strike which traded 317,466 times and fetched a premium of 45 cents, up 28.5 percent on the day, Reuters data show.
The most interesting new paper is the Oct $6 and $7 calls, which surpassed newly established positions and added to the buying bias, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1432 ET 28Aug2009 Citigroup gets likely bullish option play
An investor appeared to be taking a bullish stance in Citigroup by employing a calendar put spread. Citi shares rose 3.96 percent to $5.25 in afternoon trade.
The player made a closing purchase of 84,000 put options in the Sept $4 strike for a nickel a piece and then reestablished a short put position by selling the same amount in the Oct $6 strike for a premium of $1.01 each, said Caitlin Duffy, equity options analyst at Interactive Brokers Group. She noted the investor received a 96-cent credit for the trade and would retain the full amount if shares rise above $6 by October expiration. By being short the Oct $6 puts, he is bearing the risk of having the underlying shares put to him at an effective price of $5.04, she said. In all, about 589,000 puts and 1.13 million calls traded in Citigroup, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1350 ET 28Aug2009
E*Trade shares gain after debt swap
E*Trade Financial Corp's shares rose on Friday to their highest level in two months after the discount brokerage finished a debt swap, and Standard & Poor's raised the company's ratings.
For details, see
Shares gained 8.3 percent to $1.57.
Reuters Messaging: ryan.vlastelica.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.
Real-time Equity news
U.S. stock market report
1715 ET 28Aug2009
Economic indicators for Aug. 31
Economic indicators on tap for Monday, Aug 31, include Chicago PMI at 9:45 a.m. EDT (1345 GMT).
For details, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1703 ET 28Aug2009
US earnings diary for Aug. 31
Companies scheduled to report quarterly results on Monday, Aug 31, include Take Two Interactive Software Inc.
For details, see
Reuters Messaging: angela.moon.reuters.com@reuters.net
1656 ET 28Aug2009-US STOCKS
Dow, S&P dip; Nasdaq ekes out gain on Dell, Intel
U.S. stocks mostly slipped on Friday after a weak consumer sentiment report offset positive news from bellwethers Dell Inc and Intel Corp .
Support from the two companies, however, let the Nasdaq eke out a tiny gain.
For more, click
Reuters Messaging: angela.moon.reuters.com@reuters.net
1631 ET 28Aug2009 Traders eye Apple puts, bear fly likely enacted
Shares of Apple Inc rose 60 cents to $170.05. In the options patch, about 141,000 puts and 101,000 calls traded with puts outpacing calls by a factor of 1.40, according to Trade Alert. The top trade earlier in the session was a so-called butterfly put spread involving the $135-$145-$155 strikes in the September contract that traded for 43 cents, said WhatsTrading.com option strategist Frederic Ruffy.
It might be a closing transaction, he said. If not, it represents a very bearish fly, as it yields maximum profits if Apple shares fall to $145, or 14.7 percent, over the next three weeks.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1603 ET 28Aug2009 Citi calls outpace puts, volume swells
Citigroup shares rose 3.56 percent to $5.23. But in the stock's options, activity was brisk as traders exchanged about 1.32 million calls, above the daily norm and more than two times the number of puts, according to Trade Alert.
The stock averaged 800,000 calls vs. 570,000 puts over the past 30 days, said optionMonster co-founder Jon Najarian in comments on the Web site. The action is a complete change from recent rallies over the last quarter, with up days causing put protection buying, a more frequent occurrence than call interest, he said. The most active contract is the Sept $5 call strike which traded 317,466 times and fetched a premium of 45 cents, up 28.5 percent on the day, Reuters data show.
The most interesting new paper is the Oct $6 and $7 calls, which surpassed newly established positions and added to the buying bias, he said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1432 ET 28Aug2009 Citigroup gets likely bullish option play
An investor appeared to be taking a bullish stance in Citigroup by employing a calendar put spread. Citi shares rose 3.96 percent to $5.25 in afternoon trade.
The player made a closing purchase of 84,000 put options in the Sept $4 strike for a nickel a piece and then reestablished a short put position by selling the same amount in the Oct $6 strike for a premium of $1.01 each, said Caitlin Duffy, equity options analyst at Interactive Brokers Group. She noted the investor received a 96-cent credit for the trade and would retain the full amount if shares rise above $6 by October expiration. By being short the Oct $6 puts, he is bearing the risk of having the underlying shares put to him at an effective price of $5.04, she said. In all, about 589,000 puts and 1.13 million calls traded in Citigroup, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1350 ET 28Aug2009
E*Trade shares gain after debt swap
E*Trade Financial Corp's shares rose on Friday to their highest level in two months after the discount brokerage finished a debt swap, and Standard & Poor's raised the company's ratings.
For details, see
Shares gained 8.3 percent to $1.57.
Reuters Messaging: ryan.vlastelica.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.