Published on Sep 24, 2020 at 10:25 AM
  • Intraday Option Activity
  • Buzz Stocks
Options traders are coming out of the woodwork today. In just the first hour of trading, over 1,500 contracts have changed hands, 66 times the average intraday amount and volume already at an annual high. 
Published on Sep 23, 2020 at 10:50 AM
  • Intraday Option Activity
  • Buzz Stocks
 
Published on Sep 21, 2020 at 1:56 PM
Updated on Sep 21, 2020 at 1:56 PM
  • Intraday Option Activity
  • Earnings Preview
As of today, 23,000 calls and 6,760 puts have exchanged hands-- 1.7 times what is normally seen at this point and volume pacing in the 90th percentile from the past 12 months. 
Published on Sep 16, 2020 at 10:20 AM
  • Intraday Option Activity
  • Buzz Stocks
Today's options pits are seeing some notable call activity taking place as well. At last check, 83,000 calls have crossed the tape -- volume that is six times the intraday average amount and pacing for the highest percentile of its annual range. 
Published on Sep 15, 2020 at 10:21 AM
  • Intraday Option Activity
  • Buzz Stocks
Today's options pits show a decent amount of activity as well, with over 4,500 calls and 1,000 puts exchanging hands -- triple the intraday average and volume pacing for the 96th percentile of its annual range.
Published on Sep 11, 2020 at 10:50 AM
  • Intraday Option Activity
  • Buzz Stocks
The Midwest grocery chain reported adjusted second-quarter earnings of 73 cents per share on $30.5 billion in revenue, both of which topped analyst estimates. Thanks to a greater online presence, Kroger's same-store sales growth forecast was upped for 2020 as well, while the company also announced a new $1 billion share buyback program. 
Published on Sep 11, 2020 at 10:04 AM
  • Intraday Option Activity
  • Buzz Stocks
In just the first hour of trading today, over 60,000 calls and 11,000 puts have crossed the tape. That volume is running at five times the intraday average, and pacing for the highest percentile of its annual range. 
Published on Sep 10, 2020 at 10:02 AM
  • Intraday Option Activity
  • Buzz Stocks
Video game retailer GameStop Corporation (NYSE:GME) entered the earnings confessional this morning, reporting second-quarter profits and revenue that came in lower than analysts' estimates.
Published on Sep 4, 2020 at 10:37 AM
  • Intraday Option Activity
  • Buzz Stocks

All eyes are on Broadcom Inc (NASDAQ:AVGO) this morning, after the Apple supplier stepped into the earnings confessional post-close as tech stocks crumbled. Last night, Broadcom reported adjusted fiscal third-quarter earnings of $5.40 per share on $5.82 billion in revenue, both of which topped Wall Street estimates. The company also upped its current-quarter outlook, thanks to boosted demand for 5G and data-center chips.

In response, analysts have rushed to adjust their price targets. At least 15 brokerages have issued price-target hikes, the highest coming from BofA Global Research to $450 from $400. Meanwhile, Piper Sandler praised Broadcom for showing "meaningful growth as it enters the heat of the wireless ramp over the next nine to 12 months."

All of this action has AVGO up 1.5% to trade at $357.46 at last check, shaking off the profit-slashing tech-selloff. The stock scored a record high of $378.96 on Wednesday, and despite yesterday's pullback, it has more than doubled off its March 18 four-year lows of $155.67. 

As alluded to earlier this week, call options are incredibly popular. Broadcom's Schaeffer's put/call open interest ratio (SOIR) of 0.91 sits in the low 2nd percentile of its annual range, indicating that near-term traders have rarely been more call biased in the past 12 months. 

Today is more of the same. Calls are trading at six times the average intraday amount just a half hour into today's trading. Leading the charge is the September 400 call, while new positions are being opened at the weekly 9/4 375-strike call. Buyers of the latter are banking on these gains holding through the end of the day, when contracts expire.

Published on Sep 3, 2020 at 11:32 AM
  • Intraday Option Activity
  • Buzz Stocks
 
Published on Aug 27, 2020 at 11:50 AM
Updated on Sep 1, 2020 at 2:09 PM
  • Buzz Stocks
The shares of Dollar Tree, Inc. (NASDAQ: DLTR) and Dollar General Corp. (NYSE: DG) are plummeting today, despite both discount retailers reporting a second-quarter earnings beat.
Published on Aug 31, 2020 at 11:14 AM
  • Most Active Weekly Options
  • Intraday Option Activity
  • Editor's Pick
A survey from Piper Sandler, also out last Tuesday, indicated most U.S. customers would be willing to accept a price increase in their Netflix subscription, and that the majority of subscribers planned on hanging on to their plans once the COVID-19 crisis subsides. 

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