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

by 12/12/2000 9:30 AM
Stocks quoted in this article:
Concord Communication (CCRD – 7-13/16) saw some large put additions at the January 7-1/2 strike in yesterday's trading. 7,300 contracts in all transacted on the option on Monday, highlighted by a 5,000-contract block that crossed the tape at the offer price of 1-1/8.

On October 6, CCRD gapped lower to finish the day nearly 58 percent in the red following an earnings warning. The shares have spent the subsequent two months consolidating in a range between 6-1/4 and 11-11/16.
permalink


by 12/12/2000 9:29 AM
Stocks quoted in this article:
The PHLX KBW Bank Index (BKX – 873.76) has been quietly edging higher amid the growing expectations that the Federal Reserve will abandon its tightening bias during next Tuesday's FOMC meeting. The BKX has added nearly 13 percent since its recent closing low on November 22.

Nearly all of the index's price action during December has been contained by its newly ascending 10-day moving average. Last Thursday, this short-term trendline made a bullish cross above the index's 20-day moving average.
permalink


by 12/11/2000 4:24 PM
Stocks quoted in this article:
Coffee giant Starbucks (SBUX - 44) retails, roasts, and provides its own brand of specialty coffee through retail locations in North America and the Pacific Rim. Currently SBUX is traversing through some rough seas in the Far East. According to a Beijing story, the opening of a Starbucks outlet in Beijing's 600-year-old Forbidden City is creating quite an uproar in China. The media there is alleging that 70 percent of people would rather not sip the American coffee chain's frappuccinos in the footsteps of the Son of Heaven. The opening is looked at as a slap in the face of the Chinese people who are still smarting from the 1999 U.S. bombing of the Chinese embassy in Belgrade.

The new SBUX outlet joins the vacant remains of Tricon Global's (YUM – 35-1/8) Kentucky Fried Chicken and a McDonald's (MCD – 29-13/16) restaurant adjacent to Tiananmen Square whose leases were revoked or expired. The growing tension towards America and its businesses could cause further closings and rejected lease offers by other American corporations hoping to tap into the Asian market.
permalink


by 12/11/2000 1:14 PM
Stocks quoted in this article:
Internet media stocks are getting hit today on concerns about future online ad revenues. In fact, Yahoo! (YHOO – 33-7/8) has received a couple of analyst downgrades. YHOO is off 3.22 percent, and traded at a new 52-week low today.

Another member of the sector getting hurt is DoubleClick (DCLK – 11-7/16), which is scheduled to hold a conference call today at 4:30 p.m. regarding fourth-quarter guidance. This conference call is coming on the heels of 150 layoffs last week. Make your own inferences. DCLK is down 5.2 percent on the day.
permalink


by 12/11/2000 1:12 PM
Stocks quoted in this article:
Boosted by a gain in perishable consumer goods, inventories at U.S. wholesalers rose by 0.3 percent in October. Wholesale sales, however, came in unchanged for the month. Overall, the figures were not expected to have much of an impact on the markets, as they came in quite close to expectations. <
permalink

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

Partner Center

© 2015 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.