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

by 7/19/2000 11:13 AM
Stocks quoted in this article:
This morning, telecommunications equipment name Tellabs (TLAB - 69-5/8) announced second-quarter earnings of 39 cents per share, topping Street expectations by two cents per share. The shares have headed south in response to this positive earnings surprise, as TLAB is presently in the red by just over five percent. This decline has taken the equity below its uptrending 10-day moving average, but it remains higher than its supportive 20-day trendline. On the options front today, 1,880 and 1,684 contracts have transacted on the near-the-money July 70 and out-of-the-money 80 calls, respectively. On the put side, 1,235 contracts have traded at the near-the-money July 70 strike, while 3,303 contracts have been executed on the August 80 put. Open interest on the August 80 put stands at a mere 20 contracts, indicating that this activity could result in new open interest on this in-the-money option. This is now one of the most-active put contracts on the Pacific Exchange.<
permalink

by 7/19/2000 11:12 AM
Stocks quoted in this article:
Maytag (MYG - 36-7/8) is down fractionally this morning, as the stock continues to trade below its 10-day and 20-day moving averages. The equity is also sitting just above its ascending 10-week moving average, which it hasn't closed a week below since late March. In MYG's options pit today, 1,000 contracts have crossed the tape on the August 40 put. This out-of-the-money option has open interest of 112 contracts, which means that most of this morning's volume should become new positions. Furthermore, the January 2003 30 and 40 puts have been active on volume of 4,000 and 2,000 contracts, respectively. The two strikes appear to be linked in a spread transaction. The January 2003 30 put has open interest of 31 contracts, while there is no open interest on the January 2003 40 put. These are currently two of the most-active puts on the CBOE.
permalink

by 7/19/2000 10:15 AM
Stocks quoted in this article:
Yesterday after the close, Boston Scientific (BSX - 19-11/16) reported second-quarter earnings of 30 cents per share, topping Street estimates by two cents per share. However, revenue fell short of analysts' expectations. Furthermore, the company said that sales for the second half of 2000 will likely be flat compared to 1999. This news has prompted several brokerage downgrades this morning. The stock gapped down 5-1/8 points at the open and is currently off over 23 percent. BSX is now trading below all its key moving averages. <
permalink

by 7/18/2000 3:25 PM
Stocks quoted in this article:
On Monday, phone-equipment maker Copper Mountain Networks (CMTN - 95-13/16) revealed second-quarter earnings of 24 cents per share, which was a penny per share ahead of brokers' predictions. However, the company also reported second-quarter sales figures that were short of some Street expectations. Investors sent the security higher yesterday, as it rose by over eight points to notch an all-time intraday high. This morning, though, the shares gapped 17-15/16 points lower and are presently in the red by more than 27 points. CMTN has returned to its supportive 10-day moving average in today's activity. On the options front this afternoon, 1,276 and 2,118 call contracts have transpired at the out-of-the-money July 100 and 110 strikes, respectively.
permalink

by 7/18/2000 3:24 PM
Stocks quoted in this article:
Oil issue Amerada Hess (AHC - 62-1/16) is up fractionally this afternoon, as it continues to trade just beneath its downtrending 10-day moving average. The stock has been trending in a pattern of lower highs and lower lows since its all-time closing best from May 12, declining by nearly 12 percent. In AHC's options pit today, 2,002 contracts have crossed the tape on the out-of-the-money August 65 call. Furthermore, 2,100 contracts have traded on the out-of-the-money August 60 put, making it among the most-active put contracts on the PHLX. The August 65 call has open interest of 437 contracts, while open interest on the August 60 put stands at 143 contracts. As a result, most of this activity at these strikes should translate to new open interest.<
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.