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

by 10/31/2000 1:47 PM
Stocks quoted in this article:
This morning before the open, Cree (CREE – 96-5/8), a manufacturer of wafer technology used in automobile dashboards and other products, declared a two-for-one stock split. The split will be paid on December 8 to shareholders of record by December 1.

The stock has motored over 12 percent higher in today's trading, eclipsing its 20-day moving average. CREE has not finished a day above its 10-day and 20-day trendlines since August 31. CREE remains below its 10-week and 20-week moving averages, although it continues to enjoy support at its 20-month trendline, which has aided the shares on a monthly closing basis since September 1998.

Options players have not been that attentive toward CREE, as the strike of heaviest open interest is the front-month 100 call, which is home to only 1,490 contracts. The heaviest site of put open interest is the November 70 put, where 444 contracts reside. <
permalink


by 10/31/2000 1:47 PM
Stocks quoted in this article:
Online book and music retailer barnesandnoble.com (BNBN – 4-1/8) announced a third-quarter earnings loss last night of 25 cents per share, falling in-line with Wall Street estimates. The firm also reported that it added over 760,000 customers during the three-month time period.

BNBN is currently trading almost three percent lower but remains above its 10-day and 20-day moving averages. The shares, which have declined over 80 percent from their annual high achieved last November, are lodged beneath their intermediate-term and long-term trendlines.
permalink


by 10/31/2000 1:46 PM
Stocks quoted in this article:
Rambus (RMBS – 47-11/16) is in the semiconductor industry, manufacturing a dynamic random-access memory (DRAM) technology that expedites the transfer of electronic information between a computer's memory and its logic chips. The company's products are also utilized in video-game and home-electronic technologies.

This morning, RMBS shares gapped 9-15/16 points, or 18 percent, lower at the open and eventually sank as much as 32 percent to 36-1/2. The equity has pared the bulk of its losses in subsequent trading but remains nearly 11 percent in the red.

This recession was spurred by news that semiconductor behemoth Intel (INTC – 46-5/8) plans to eliminate RMBS's technology from most of its workstations by the middle of next year. The stock is poised to end October below its 10-month moving average for the first time since January. Furthermore, the equity inched below its 20-month trendline earlier today before pushing back above this long-term trendline. <
permalink


by 10/31/2000 12:37 PM
Stocks quoted in this article:
EMC Corp. (EMC – 88-1/8) is in positive territory by almost four points, or over four percent, this afternoon, but it remains below its 10-day and 20-day moving averages. The equity has retreated by more than 17 percent since recording an all-time intraday high of 104-15/16 on September 25. The shares are trading beneath their 20-week moving average, but they continue to obtain support from their 10-month trendline.

On the options front today, 1,373 contracts have traded on the out-of-the-money November 100 call, which has open interest of 9,139 contracts. In addition, the April 90 call has seen volume of 4,050 contracts. Open interest at this out-of-the-money strike stands at 1,465 contracts, indicating that some of today's volume should become new positions. This is currently one of the most-active options on the AMEX.

On the put side, 1,054 contracts have traded on the out-of-the-money December 75 put, which has open interest of 939 contracts.

<
permalink


by 10/31/2000 12:18 PM
Stocks quoted in this article:
In Monday's trading, Southwest Airlines (LUV – 28-1/16) moved ahead by nearly seven percent to log an all-time intraday high. From a near-term intraday low on September 19 to yesterday's all-time intraday best, the shares ascended by more than 33 percent, climbing above all of their significant moving averages. In today's action, though, the stock has peeled off almost one point, or over two percent.

In LUV's options pit in the early afternoon, 3,511 contracts have crossed the tape on the December 27-1/2 call. This in-the-money option has open interest of 2,770 contracts. This is now among the most-active calls on the CBOE.

<
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.