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

by 9/15/2000 11:55 AM
Stocks quoted in this article:
Bank One (ONE – 36-3/4) has dropped four percent so far today after a brokerage firm began coverage on the stock at an "underperform" rating. With today's pullback, the shares are testing their ascending 10-day moving average.

Options players are focusing on the put side today on ONE. It appears that a spread was initiated using the in-the-money October 35 put and out-of-the-money October 37-1/2 put. The in-the-money strike has seen volume of 1,047 contracts on open interest of just 315 contracts. Over 1,200 contracts have traded at the October 37-1/2 strike, which has open interest of 1,284 contracts. <
permalink


by 9/15/2000 11:42 AM
Stocks quoted in this article:
The AMEX Disk Drive Index (DDX – 132.54) is one of the best performing indices this morning, as the index is up more than eight points, or almost seven percent. This upward momentum has lifted the DDX to levels not seen since mid-May 1999. The index has performed well over the near term, vaulting ahead by nearly 79 percent since its August 3 intraday bottom, using its upsloping 10-day moving average for cohesive support.

Two DDX components – Komag (KMAG – 3-15/16) and HMT Technology (HMTT – 3-7/16) - are leading the index higher this morning. KMAG has stepped up by 26.2 percent, while HMTT has advanced by 20 percent on no significant news. Western Digital (WDC – 5-1/2) is also in the black by 4.7 percent.

<
permalink


by 9/15/2000 11:38 AM
Stocks quoted in this article:
Viatel (VYTL – 13-9/16) provides international and domestic long distance phone and data services to small and medium-sized businesses.

The stock is over five percent lower this morning, dipping back below its 10-day moving average. The equity is still in the midst of an intermediate-term slump, as it has declined by 82 percent since its mid-March highs. VYTL is currently perched beneath all of its key intermediate-term and long-term moving averages.

On the options front today, the out-of-the-money October 10 put has seen 2,001 contracts cross the tape on open interest of 139 contracts. Two blocks of 1,000 contracts transacted at the bid, which indicates that this activity could be put sells. Presently, this is one of the most-active puts on the AMEX.


permalink


by 9/15/2000 9:39 AM
Stocks quoted in this article:
On Thursday, Nike (NKE – 37-3/16) posted first-quarter earnings of 77 cents per share, topping brokers' predictions by three cents per share. The company also backed its year 2000 earnings estimates of $2.35 per share. What's more, NKE revealed this morning that it is on the verge of signing golfer Tiger Woods to an endorsement contract worth about $100 million, which is believed to be the richest in sports.

Yesterday, the stock moved over one percent lower to remain below its descending 10-day moving average. The shares have logged only one close above this short-term trendline since August 18. The security also has retreated by nearly 22 percent since its near-term intraday high on August 9. This morning, NKE has stepped back by more than two percent.

Schaeffer's put/call open interest ratio (SOIR) on NKE now stands at an annual high of 1.06, which indicates that total put open interest exceeds total call open interest by six percent for options expiring within the next three months. Please visit Schaeffer's Daily Sentiment for additional information about SOIR.


permalink


by 9/15/2000 9:37 AM
Stocks quoted in this article:
Effective today, Healtheon/WebMD (HLTH – 16) has changed its name to WebMD. The company's stock and option symbols will remain the same, and no adjustments to its options will be made to reflect this name change.

In Thursday's trading, the security advanced by more than six percent to snap its five-session losing streak. This climb also took the shares back above their 20-day moving average, a trendline they closed below on Wednesday for the first time since August 16. The stock is unchanged so far this morning.

HLTH's short-interest ratio now stands at a high level of 6.42 times the equity's average daily volume. If the stock is able to carry over yesterday's session and continue higher, short-interest investors may forced to cover their positions, thus providing an extra boost upward.

<
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.