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

by 12/8/2000 10:38 AM
Stocks quoted in this article:
Adobe Systems (ADBE - 69-3/16) is currently rallying from 63, which has been an important level this year. In April and May it acted as resistance, while shares later found support at this level in mid-October and late November. Yesterday's intraday low was 62-5/16.

The December 65 call is somewhat active, with 365 contracts trading already today, compared to open interest of 927 at this strike. A 125-contract block crossed the tape near the open at 6-3/8, when the bid price was 6 and the offer 6-1/2.
permalink


by 12/8/2000 9:59 AM
Stocks quoted in this article:
This morning, the Labor Department released the November unemployment rate, non-farm payrolls, and average hourly earnings figures. The U.S. unemployment rate came in at 4.0 percent, which matched analysts' estimates. Non-farm payrolls, however, grew 94,000 versus estimates of a 150,000 advance. Average hourly earnings rose at a 0.4-percent clip compared to consensus estimates of a 0.3-percent increase. As for the markets, the March contract of the S&P futures (SP/H1 - 1382.00) is up 25.5 points, indicating a strong positive open. <
permalink

by 12/8/2000 9:36 AM
Stocks quoted in this article:
Apple Computer (AAPL - 14-5/16) stock has given back another 16 percent in this week's trading, largely due to the negative earnings guidance it offered the Street on Tuesday. In yesterday's trading, a 5,000-contract block changed hands on the July 10 put. The trade crossed the tape at 1-1/8 and may have been initiated as a put-write position. In a put-write, the trader is betting that the shares will close at or above the strike of the put sold at expiration (in this case, July 20.) . If this occurs, the trader is able to collect the entire premium sold. In this case this would be worth $562,500 ($1.125 X 100 X 5,000).
permalink

by 12/8/2000 9:27 AM
Stocks quoted in this article:
Anadarko Petroleum (APC - 61.84) shares have taken a breather of late but still remain up over 80 percent year-to-date. Since mid-March, the rally in APC has found continued support in the form of its 20-week moving average. However, today the stock is threatening to close beneath this key trendline, presently at 62.50.

Yesterday, the January 65 call on APC was active. Just over 4,000 contracts changed hands on the option with virtually all of the volume translating into new open interest. Activity on remaining APC options was light.
permalink


by 12/8/2000 9:26 AM
Stocks quoted in this article:
Myriad Genetics (MYGN – 93-13/16) is poised to open higher after it was announced that the company will acquire worldwide exclusive rights to develop, manufacture and market a drug aimed at the prevention and treatment of prostate, colon, and other cancers. The compound, which will be known as MPC-7869 going forward, has completed Phase IIa human clinical trials and has demonstrated a promising safety profile. Human clinical trials with MPC-7869 have also demonstrated good oral bio-availability and pharmacokinetics.

MYGN licensed rights to the cancer drug from closely held Encore Pharmaceuticals, an early-stage biopharmaceutical research and development firm in which MYGN has made an equity investment.

November was a rocky month for MYGN, as the company plunged from 138 down to around 67. This area is the site of the equity's 10-month moving average, which seems to have offered a platform for the recent rally in the shares.

Option activity on the stock is quite muted, as the peak front-month open position is represented by just 520 contracts on the December 75 put. <
permalink


Featured Brokers
ADVERTISEMENT
Unusual Option Volume
Option Flow
ADVERTISEMENT
ADVERTISEMENT
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: 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.