Nasdaq Can't Be Stopped; Dow Jones Industrial Average Heads North

Is This "Auto-Hedge" Worth the Risk?

Jul 20, 2015 at 11:50 AM
facebook X logo linkedin

It's another day, another new peak for the Nasdaq Composite (COMP), which earlier topped out at an intraday best of 5,225.30. Buoying the tech-heavy benchmark are analyst-induced pops for two notable COMP components, with both notching their highest perches to date. Elsewhere, the Dow Jones Industrial Average (DJIA) and the S&P 500 Index (SPX) have each moved off earlier lows, and are enjoying modest gains at midday. Looking ahead, this week's market drivers will be brought back home, as Greece takes a backseat to corporate earnings season and tumbling commodities.


Continue reading for more on today's market -- and don't miss:




Among the stocks with notable call volume is wearable camera maker GoPro Inc (NASDAQ:GPRO), with the contracts changing hands at eight times the average intraday rate -- and outpacing puts by a 2-to-1 margin. The stock is up 5.3% at $59.61, and it seems like pre-earnings option traders are buying to open the weekly 7/24 60-strike call, betting on a round-number breakout by week's end.


Vivint Solar Inc (NYSE:VSLR) is the top gainer on the Big Board -- up 44.4% at $15.73. Helping boost the shares is news of a multi-billion-dollar buyout bid from one of its sector peers. The security is now boasting a year-to-date lead of 70%.


Unlike fellow toy stock Mattel, Inc. (NASDAQ:MAT), Hasbro, Inc. (NASDAQ:HAS) is soaring after the company's quarterly earnings report. Specifically, the firm's second-quarter earnings beat estimates, sending the shares to a record high of $83.52 in early action. More recently, the stock was up 6.1% at $83.01 -- just as the options market predicted -- and on track for its first-ever close north of the round-number $80 mark. This area that has contained HAS in recent weeks.



The CBOE Volatility Index (VIX) is down 0.1 point, or 0.7%, at 11.87, and on track for its first sub-12 close since early December.


Today's put/call volume ratio on the SPDR S&P 500 ETF Trust (SPY) is 1.86, with puts almost doubling calls. SPY is up 0.3 point, or 0.1%, at $212.73.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI