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Option Skews - Citigroup Inc, Hartford Financial Services, MBIA Inc, AK Steel Holding Corp, Newmont Mining Corp, Corning Inc, NVIDIA Corp

1/9/2009 8:26 AM
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Keywords:

C

 

HIG

 

NEM

 

MBI

 


Companies seeing a skew towards puts in the previous session: Wells Fargo & Co (WFC), America Movil, S.A. de C.V. (AMX), American Express (AXP), Target Corp. (TGT), NVIDIA Corp. (NVDA), NetApp Inc (NTAP), Amazon.com Inc (AMZN), Family Dollar Stores (FDO), Sina Corp. (SINA), Kraft Foods (KFT), MGM Mirage (MGM), Exxon Mobil (XOM), Varian Medical Systems (VAR), KB HOME (KBH), Kimco Realty (KIM), Diamond Offshore Drilling (DO), Newmont Mining (NEM), Tiffany & Co. (TIF), Time Warner (TWX), Staples (SPLS), Advanced Medical Optics (EYE), Avon Products (AVP), Black & Decker (BDK), Linear Technology (LLTC), SuperValu (SVU).

Companies seeing a skew towards calls in the previous session: Microsoft (MSFT), Citigroup Inc (C), Rohm and Haas (ROH), Monsanto Co (MON), Elan, plc (ELN), Cadence Design Systems (CDNS), Motorola (MOT), Amgen Inc (AMGN), Dell Inc (DELL), Ambac Financial Group (ABK), Netease.com Inc (NTES), Yahoo! (YHOO), JA Solar Holdings Co., Ltd. (JASO), Wyeth (WYE), Teradyne (TER), Dow Chemical (DOW), Pfizer (PFE), IBM (IBM), Gilead Sciences (GILD), Hartford Financial Services (HIG), MBIA Inc (MBI), AK Steel Holding Corp (AKS), Range Resources (RRC), Johnson & Johnson (JNJ), Corning Incorporated (GLW).

This filtered scan is based on the International Securities Exchange (ISE) buy-to-open data. It looks for stocks where the previous day's put volume on the ISE is at least twice as great as the call volume. It then sorts the stocks based on the put volume. Since this is buy-to-open data, this can be a good source for finding stocks where skepticism is emerging. Of particular interest to me would be situations where we see put activity on stocks that are still in intermediate-term uptrends. This would be a potentially encouraging sign from the contrarian perspective.

This filtered scan is based on the International Securities Exchange (ISE) buy-to-open data. It looks for stocks where the previous day's call volume on the ISE is at least twice as great as the put volume. It then sorts the stocks based on the call volume. Since this is buy-to-open data, this can be a good source for finding stocks where optimism is emerging. Of particular interest to me would be situations where we see call activity on stocks that are still in intermediate-term downtrends. This would be a potentially cautionary sign from the contrarian perspective


-posted by Nick Perry
1/9/2009 8:26 AM


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