U.S. exchanges are trying for a third straight win, with a slew of Fed officials slated to speak and the latest Federal Open Market Committee (FOMC) meeting minutes on tap. Among the equities in focus are retail giant Target Corporation (NYSE:TGT), computer chip producer Fairchild Semiconductor Intl Inc (NASDAQ:FCS), and China-based mobile Internet provider NQ Mobile Inc (ADR) (NYSE:NQ).
NQ is up 1.8% this morning, last seen trading at $3.89, after agreeing to sell Beijing Tianya Co., Ltd. to Tack Fiori International Group -- a company based in the Cayman Islands and traded in Hong Kong. Beijing Tianya operates NQ Mobile Inc's health applications related business. The positive effect on the shares probably has short sellers sweating, as 12.7% of the stock's available float is currently sold short -- accounting for nearly four weeks of trading, at NQ's typical daily pace. Options traders might be pleased, however, as NQ's Schaeffer's put/call open interest ratio (SOIR) of 0.17 is lower than all but 4% of readings in the past year, indicating that near-term traders are showing an extreme preference for calls over puts.
Minimize Risk While Maximizing Profits
There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released!