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

by 8/16/2000 12:42 PM
Stocks quoted in this article:
Boston Scientific (BSX - 16-1/8) has fallen to a new five-year low in today's trading. The stock has been under pressure since the company warned on July 18 that its full-year earnings would likely fall short of analysts' estimates. Since then, the shares have relinquished over 35 percent of their value. On the options front, some heavy bets have been placed on the put side today. The August 15 put has seen volume of 3,250 contracts. Since this option has open interest of just 489 contracts, these are likely new positions on an option that expires in just two days. In addition, over 17,000 contracts have changed hands on the September 15 put, which has open interest of just 267 contracts. Several large blocks crossed the tape at the ask, suggesting that these are new put purchases. These are two of the most-active calls on the AMEX and CBOE.<
permalink

by 8/16/2000 11:25 AM
Stocks quoted in this article:
August has been a good month for Automated Data Processing (AUD - 57-3/4). The stock has shot up 17 percent from its July 31 close and notched a new record high in yesterday's trading. Both the August 50 and February 50 calls have seen 3,610 contracts in volume today, coming across in a series of large to mid-sized blocks. It's possible that this activity represents an institutional roll-out from the August to February series. These are two of the busiest calls on the PHLX.<
permalink

by 8/16/2000 11:24 AM
Stocks quoted in this article:
Yesterday after the close, BEA Systems (BEAS - 55-3/4) revealed second-quarter earnings of five cents per share, a penny ahead of expectations. This news prompted an upgrade from a brokerage firm and positive comments from several other analysts. The equity is up over 14 percent in response to this positive news and has more than doubled in value from its mid-April lows. Pessimism has been on the rise, despite the security's strong performance. Schaeffer's put/call open interest ratio (SOIR) on BEAS has increased from 0.41 in late July to today's reading of 0.85. For more information on SOIR, please visit Schaeffer's Daily Sentiment.
permalink

by 8/16/2000 11:10 AM
Stocks quoted in this article:
The PHLX TheStreet.com Internet Index (DOT - 752.2) is currently ahead by nearly 10 points, or one percent. With this advance, the index has vaulted back above its 20-day moving average, which it hasn't finished a session higher than since July 20. However, the DOT remains beneath all of its key intermediate-term and long-term moving averages. Index components contributing to the DOT's success this morning include eBay (EBAY - 55-3/4), up 7.6 percent; Priceline.com (PCLN - 26-15/16), up 6.1 percent; Check Point Software Technologies (CHKP - 128-3/4), up 4.5 percent; Lycos (LCOS - 60-3/16), up 3.8 percent; MarchFirst (MRCH - 21-1/4), up 3.6 percent; Excite@Home (ATHM - 14-3/8), up 3.6 percent; and Amazon.com (AMZN - 38-5/8), up 3.3 percent.
permalink

by 8/16/2000 10:23 AM
Stocks quoted in this article:
Analog Devices (ADI - 90-7/16) gapped 13-3/16 points higher at the open in response to positive earnings news. The semiconductor name reported fiscal third-quarter earnings of 43 cents per share, well ahead of Street forecasts of 37 cents per share. In addition, the company said that it expects earnings for the fourth quarter to come in between 49 and 50 cents per share, while analysts were calling for earnings of 41 cents per share. In anticipation of this news, the stock has logged eight straight winning sessions during which it has gained more than 55 percent. This price action has prompted a bullish cross of ADI's 10-day and 20-day moving averages, a sign of near-term strength. On the options front today, 3,500 contracts have crossed the tape on the now deep-in-the-money August 60 call, which is likely liquidations of the 10,112 contracts open at this strike. This is one of the most-active calls on the AMEX.<
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.