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

by 8/22/2000 9:17 AM
Stocks quoted in this article:
In Monday's trading, Affymetrix (AFFX - 62-1/2) soared nearly 13 points, or more than 11 percent, higher. This upswing carried the stock closer to its overhead 10-day moving average, but the shares have only closed one session higher than this short-term trendline since July 24. At this morning's opening bell, AFFX will complete a two-for-one stock split, and the security is over one point, or two percent, higher in pre-market trading in reaction to this development.

On the options front, though, investors have been showing complacency toward AFFX, as there have been minimal call and put additions recently.<
permalink


by 8/21/2000 4:01 PM
Stocks quoted in this article:
Dow component Wal-Mart Stores (WMT - 49) closed down nearly three percent today on lackluster fundamental news. This morning, it was reported that the discount retailer's same-store sales numbers for August are likely to come in at the low end of analysts' expectations. WMT's sales outlook currently foresees a sales increase of four to six percent for the month, but analysts are now targeting an increase of only four or five percent.

The equity's decline today contributed almost nine negative points to the Dow Jones Industrial Average (INDU - 11,078.70). WMT is now poised to close the month below its 20-month moving average for the first time since January 1997.<
permalink


by 8/21/2000 3:45 PM
Stocks quoted in this article:
Ask Jeeves (ASKJ - 20-5/8) is a search engine that allows its users to frame their inquiries in the form of a question. Roughly 11 million curious minds log on to the firm's site each month. The stock went public in July 1999 but is currently trading around 70 percent off its initial offering price.

Today, the shares have tacked on almost five percent as Ford Motor (F - 27-7/16) announced that it will use the company's technology on its website. The second-largest U.S. automaker said it will use the ASKJ search engine to answer frequently asked questions to customers visiting the F site. This news prompted an analyst at Credit Suisse First Boston to observe that "sentiment is turning on the company." ASKJ is seeing above-average volume today.
permalink


by 8/21/2000 3:30 PM
Stocks quoted in this article:
In Friday's trading, Sunoco (SUN - 26-7/8) stepped back by one point, or more than three percent, and closed beneath its 10-day moving average for the first time since August 2. In late-afternoon trading today, though, the stock has risen back above its 10-day trendline, as it has advanced by almost one point, or over two percent. The shares are in the midst of a near-term upswing, surging ahead by over 13 percent since their intraday low on July 28. This upward momentum was confirmed recently by a bullish crossover of SUN's 10-day and 20-day moving averages. Despite this recent success, the equity remains well off its all-time high of 46-3/8 from September 1997 and is beneath all of its key intermediate-term moving averages as well as its 20-month trendline.

In SUN's options pit today, investors are apparently showing their conviction that the security has more upside potential. Open interest on the out-of-the-money November 30 call has seen volume of 2,711 contracts on open interest of a mere 110 contracts. This indicates that most of this afternoon's volume is likely to translate into new open interest. Currently, this is one of the most-active call contracts on the PHLX.
permalink


by 8/21/2000 2:25 PM
Stocks quoted in this article:
Optical switching maker Ciena (CIEN - 180-5/8) is seeing heavy option activity in early-afternoon trading. The bulk of the trading occurred on the out-of-the-money September 195 call, where 1,599 contracts crossed the tape. Technically speaking, CIEN bounced higher off support at the 175 level today and is currently up over two percent. <
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.