Option Bears Aren't Buying 3D Systems (DDD) Bounce

3D Systems Corporation's (DDD) May 30 put is in focus today

Apr 10, 2015 at 1:38 PM
facebook X logo linkedin

Put players have been busy in 3D Systems Corporation's (NYSE:DDD) options pits in recent weeks. At the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the equity's 10-day put/call volume ratio of 1.25 rests higher than all other comparable readings taken in the past year.

In today's session, puts are trading at two times the average intraday pace, and DDD's May 30 strike has attracted the most attention thus far. It's possible some traders are purchasing new positions here, as they gamble on the equity settling south of the strike at the close on Friday, May 15 -- when front-month options expire.

On the charts, the stock got off to a slow start to 2015; however, since bottoming at a two-year low of $26.29 in mid-March, DDD has been making technical amends -- up 13.7%. This afternoon, the shares are 3.9% higher at $29.88, possibly due to a halo lift from fellow tech issue General Electric Company (NYSE:GE) or extended exuberance from the firm's newest acquisition. Regardless, 3D Systems Corporation (NYSE:DDD) is on its way to notch its highest weekly close since late February. Should the stock extend this bounce, a capitulation from some of the weaker bearish hands could help fuel DDD's fire.

Daily Chart of DDD Since February 2015

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 C3.ai calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI