Real-time equity news
U.S. stock market report
1717 ET25May2007
US earnings, economic diary for May 26
NetApp Inc is the only S&P 500 company expected to post earnings on Wednesday while economic data includes durable goods orders and new home sales for April.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1557 ET 25May2010-Option bears go in-the
money on Eagle Rock
Eagle Rock Energy Partners LP gapped lower after announcing organizational changes, and traders employed in-the-money options to play the sell-off, said optionMonster analyst David Russell in comments on the website. On Monday, the natural gas transportation partnership said it completed the first phases of a reorganization intended to reduce the Partnership's outstanding debt. OptionMonster's computer model detected heavy buying of the June $7.50 puts, which traded 30,124 times vs. open interest of 476. Most of the purchases were priced for about $1.90 when the stock traded near its session high of $5.61. Eagle Rock fell 4.02 percent to $5.02. Russell pointed out that the puts have a delta of about -0.90, so they will appreciate about 90 cents for every $1 that EROC declines. Buying in-the-money puts lets the investor profit almost immediately from even a small move in the stock price and could reflect a belief the downside is limited, he said. Overall volume is 157 times greater than average, with about 40,000 puts traded vs. 4,054 calls, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1447 ET 25May2010
Why U.S. job growth will require a housing rebound
Speaking on Reuters Insider, Mike Mandel, editor-in-chief of Visible Economy LLC, says a U.S. jobs recovery requires at least some improvement in the housing market. He adds that the recent slump in construction and housing starts damaged employment prospects.
To view show: http://insider.thomsonreuters.com/link.html?ctype=group_channel&chid=3&cid=105911&shareToken=MzoxZDI5ODQ2Mi01ZjJiLTRhYTUtYjMwNy1jNDBiYjJjNTE4NDU%3D%0A&playerName=ReutersNews
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1357 ET 25May2010
Mylan option volume pops up, implied volatility up
Mylan Inc fell 34 cents to $18.90 and, since April 5, has lost 18.7 percent amid worries about the impact of the falling euro and slower euro zone growth on company sales, said WhatsTrading.com option strategist Frederic Ruffy.
In the options market, some players appear to be bracing for additional volatility in the shares of the generic drugmaker, he added. Mylan's overall option volume was 3.2 times greater than average daily turnover with about 14,000 puts and 764 calls traded during the afternoon session, according to Trade Alert. The action included a buyer of 5,000 January $15 puts at $1.10 on CBOE (tied to $18.90 on a 20 delta). Ruffy also noticed that two blocks of 2,500 October $15 puts traded at the $1.10 asking price on another exchange.
Mylan's option implied volatility -- a barometer of anxiety -- rose 10 percent and stood at multi-month highs of 43 percent, Ruffy said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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
1717 ET25May2007
US earnings, economic diary for May 26
NetApp Inc is the only S&P 500 company expected to post earnings on Wednesday while economic data includes durable goods orders and new home sales for April.
Reuters Messaging: Charles.mikolajczak.reuters.com@reuters.net
1557 ET 25May2010-Option bears go in-the
money on Eagle Rock
Eagle Rock Energy Partners LP gapped lower after announcing organizational changes, and traders employed in-the-money options to play the sell-off, said optionMonster analyst David Russell in comments on the website. On Monday, the natural gas transportation partnership said it completed the first phases of a reorganization intended to reduce the Partnership's outstanding debt. OptionMonster's computer model detected heavy buying of the June $7.50 puts, which traded 30,124 times vs. open interest of 476. Most of the purchases were priced for about $1.90 when the stock traded near its session high of $5.61. Eagle Rock fell 4.02 percent to $5.02. Russell pointed out that the puts have a delta of about -0.90, so they will appreciate about 90 cents for every $1 that EROC declines. Buying in-the-money puts lets the investor profit almost immediately from even a small move in the stock price and could reflect a belief the downside is limited, he said. Overall volume is 157 times greater than average, with about 40,000 puts traded vs. 4,054 calls, according to Trade Alert.
Reuters Messaging: doris.frankel.reuters.com@reuters.net
1447 ET 25May2010
Why U.S. job growth will require a housing rebound
Speaking on Reuters Insider, Mike Mandel, editor-in-chief of Visible Economy LLC, says a U.S. jobs recovery requires at least some improvement in the housing market. He adds that the recent slump in construction and housing starts damaged employment prospects.
To view show: http://insider.thomsonreuters.com/link.html?ctype=group_channel&chid=3&cid=105911&shareToken=MzoxZDI5ODQ2Mi01ZjJiLTRhYTUtYjMwNy1jNDBiYjJjNTE4NDU%3D%0A&playerName=ReutersNews
Reuters Messaging: caroline.valetkevitch.reuters.com@reuters.net
1357 ET 25May2010
Mylan option volume pops up, implied volatility up
Mylan Inc fell 34 cents to $18.90 and, since April 5, has lost 18.7 percent amid worries about the impact of the falling euro and slower euro zone growth on company sales, said WhatsTrading.com option strategist Frederic Ruffy.
In the options market, some players appear to be bracing for additional volatility in the shares of the generic drugmaker, he added. Mylan's overall option volume was 3.2 times greater than average daily turnover with about 14,000 puts and 764 calls traded during the afternoon session, according to Trade Alert. The action included a buyer of 5,000 January $15 puts at $1.10 on CBOE (tied to $18.90 on a 20 delta). Ruffy also noticed that two blocks of 2,500 October $15 puts traded at the $1.10 asking price on another exchange.
Mylan's option implied volatility -- a barometer of anxiety -- rose 10 percent and stood at multi-month highs of 43 percent, Ruffy said.
Reuters Messaging: doris.frankel.reuters.com@reuters.net Keywords: MARKETS STOCKSNEWS
COPYRIGHT Copyright Thomson Reuters 2010. 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.