Schaeffer's Options Center
Sponsored by:
Schaeffer's Daily Option Blog

by 10/17/2000 9:25 AM
Stocks quoted in this article:
BroadVision (BVSN – 23-13/16) is poised to open today's trading up by more than four points, or over 20 percent. This expected rise comes on news that the stock will be added to the S&P 500 Index (SPX – 1374.62), replacing PaineWebber Group (PWJ – 66-7/8), which is being acquired by USB AG. This change will occur after next Monday's closing bell.

BVSN finished yesterday's trading ahead by greater than eight percent, using support from its ascending 10-day moving average. The stock, though, remains beneath all of its significant intermediate-term and long-term moving averages.

Information from Schaeffer's Daily Sentiment shows that investors are displaying more optimism toward BVSN. On September 19, Schaeffer's put/call open interest ratio (SOIR) on the equity stood at 0.58, which is significantly above the security's current SOIR of 0.35. During this time frame, call open interest for options expiring within the next three months expanded by 27,818 contracts, while put open interest rose by just 2,493 contracts.


by 10/16/2000 4:01 PM
Stocks quoted in this article:
Sprint PCS Group (PCS – 31-13/16) has seen notable activity today on its January 2003 60 LEAPS call. In late-afternoon trading, 3,000 contracts have changed hands at this far out-of-the-money strike, where 602 calls are executed on an average trading day. These could be liquidations, as open interest at this strike weighs in at 6,700 contracts. However, it is difficult to determine, as all of the blocks that traded went off between the bid and the ask prices. PCS saw the bulk of today's options activity transpire around 2:00 p.m.

PCS reports third-quarter earnings tomorrow. The Street expects the company to post a loss of 42 cents per share, slimmer than the 66-cent loss the company announced last year. When the firm announced its second-quarter results on July 20, it beat the Street's estimates by three cents per share.

PCS is off more than eight percent today and has breached its 10-day and 20-day moving averages. On Friday, PCS closed above these short-term trendlines for the first time since July 20 (its last earnings announcement). <

by 10/16/2000 3:46 PM
Stocks quoted in this article:
Tiffany & Co. (TIF – 37-1/4) has strengthened by just over four points, or more than 12 percent, in late-afternoon trading on no significant news. This upswing has propelled the equity back above its descending 10-day moving average, a trendline that the shares last closed a session above on September 14. TIF has also vaulted higher than its 10-month moving average and is quickly approaching its overhead 20-week trendline.

On the options front today, the near-the-money October 37-1/2 put is leading the way on volume of 500 contracts. This activity appears to be liquidations, as open interest on the option stands at 567 contracts.

Sentiment, though, remains slanted toward the pessimistic side on this retailer. Today, Schaeffer's put/call open interest ratio (SOIR) on TIF rang up at 1.01, which indicates that put open interest for options expiring within the next three months surpasses call open interest by one percent. For additional details about SOIR, please visit Schaeffer's Daily Sentiment.


by 10/16/2000 2:20 PM
Stocks quoted in this article:
Business-to-business e-commerce company (PPRO – 43) is up over 22 percent this afternoon. Prudential named the stock its "single best idea" today, saying that the company could significantly surpass earnings expectations when it reports third-quarter results tomorrow.

The equity had been struggling along with its sector over the past couple of weeks. However, today's move takes the shares back above their ascending 10-day moving average.

Options players have been weighing in on both sides of the aisle today. The November 50 call has seen over 2,000 contracts cross the tape on open interest of just 916 contracts. On the put side, the November 35 and 37-1/2 strikes have each logged volume of over 1,000 contracts. This activity will also likely yield new positions since the options have open interest of only 108 and 104 contracts, respectively.

by 10/16/2000 1:49 PM
Stocks quoted in this article:
AT&T–Liberty Media Group (LMG'A – 16-3/8) holds stakes in 100 cable television channels, including E! Entertainment, QVC, Discovery Channel, and USA Networks. Today, the equity is trading more than 3.5 percent lower on above-average volume. Over 15 million shares have already traded today, as opposed to the stock's three-month average daily volume of 6.4 million.

LMG'A plunged sharply shortly before noon, when brokerage heavy hitter Prudential announced it had reduced its rating on the stock from a "strong buy" to an "accumulate."

LMG'A shares have descended over 46 percent from their all-time high reached in late March. The security is trading below all of its moving averages and is knocking on the door to its annual low of 15-11/16, which was achieved last Thursday.

Featured Brokers
Unusual Option Volume
Option Flow
Most Active Stocks
Most Active Option Strikes
Largest Open Interest

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:

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

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