Trading Floor Blog With Nick Perry

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Option Skews - Relatively Heavy Call Activity on Applied Materials Inc, General Electric Co, ONYX Pharmaceuticals Inc

11/12/2009 8:28 AM
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Keywords:

AMAT

 

GE

 

ONXX

 

Here are the stocks that saw a bias toward call activity in the previous session. 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.

Companies included in today's scan results: Citigroup Inc (C), DryShips Inc. (DRYS), Applied Materials Inc (AMAT), General Electric Co (GE), DIAMONDS Trust Series I (DIA), Wal-Mart Stores Inc (WMT), Motorola (MOT), CVS Corp. (CVS), MGM Mirage (MGM), The Allstate Corp (ALL), Las Vegas Sands Corp (LVS), Qualcomm Inc (QCOM), Lowe's Companies (LOW), Target Corp. (TGT), Priceline.com Inc (PCLN), Newmont Mining (NEM), Home Depot (HD), Genco Shipping & Trading Limited (GNK), Kinross Gold (KGC), Medtronic (MDT), ONYX Pharmaceuticals Inc (ONXX), SAP Aktiengesellschaft Systeme (SAP), Comerica Incorporated (CMA), Ford Motor Co (F), Pfizer (PFE).


-posted by Nick Perry
11/12/2009 8:28 AM


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