Real-Time Market Insights
Hot Stock News for Options Traders
Stocks quoted in this article:

Adobe Systems Incorporated (NASDAQ:ADBE)

DevCon5 is set to return to New York City on Wednesday and Thursday, July 24-25. At this bi-annual event, attendees will learn about HTML5 through hands-on sessions and exhibitions by the top names in technology, including ADBE. Technically speaking, ADBE has advanced 53.4% over the past year to hover at $48.15, just below its all-time high of $48.63, tagged on July 12.

Off the charts, the brokerage bunch is bullishly skewed toward ADBE. From the 18 analysts weighing in, the stock has received 11 "buy" or better endorsements, seven tepid "hold" ratings, and zero "sell" or worse suggestions. ADBE's consensus price target of $49.38, however, represents only modest expected upside from the stock's current level.

Campbell Soup Company (NYSE:CPB)

CPB will hold its annual analyst meeting on Wednesday, July 24, at company headquarters in Camden, N.J. Since the beginning of 2013, CPB has trekked north 35.6% to trade at $47.34. Regardless, the stock sports a Schaeffer's put/call open interest ratio (SOIR) of 1.23, with puts outnumbering calls among options with a shelf-life of three months or less. This ratio ranks higher than 97% of all other such readings taken throughout the year, conveying short-term speculators are picking up puts over calls at a near annual-high pace right now.

D.R. Horton, Inc. (NYSE:DHI)

DHI will enter the earnings confessional ahead of the opening bell on Thursday. The announcement follows reports of existing home sales and new home sales for June, slated to be released on Monday and Wednesday, respectively. Analysts, on average, are calling for quarterly per-share earnings of 34 cents, two cents higher than last quarter's results.

On the charts, DHI has tacked on less than 10% year-to-date to its current perch at $21.75. Meanwhile, at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), DHI speculators have bought to open more than three calls for every put during the past 10 weeks. The resultant 50-day call/put volume ratio of 3.14 ranks in the 99th percentile of its annual range, showcasing that speculators have rarely been more call-heavy throughout the past year.

Petmed Express Inc (NASDAQ:PETS)

Finally, PETS hit a new two-year high of $17.75 right out of the gate this morning, after reporting higher-than-expected fiscal first-quarter earnings of 24 cents per share in pre-market. The stock is currently trending in the green by 12% at $16.93. What's more, PETS has soared 52.3% year-to-date, and has outperformed the broader S&P 500 Index (SPX) by almost 13 percentage points during the last two months alone.

On Friday, PETS will hold its annual shareholder meeting in Fort Lauderdale, Fla. As of now, skepticism looms among the stock's traders. In fact, short interest accounts for a whopping 30.3% of PETS' total available float. It would take more than 24 trading days to cover these shorted shares, at the stock's current pace of trading.

Keywords:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

Partner Center

© 2014 Schaeffer's Investment Research, Inc. 5151 Pfeiffer Road, Suite 250, Cincinnati, Ohio 45242 Phone: (800) 448-2080 FAX: (513) 589-3810 Int'l Callers: (513) 589-3800 Email: service@sir-inc.com

All Rights Reserved. Unauthorized reproduction of any SIR publication is strictly prohibited.

Market Data provided by QuoteMedia.com | Data delayed 15-20 minutes unless otherwise indicated.