NEW YORK (Reuters) – News that chipmaker Intel Corp (INTC.O: Quote, Profile, Research, Stock Buzz) is in talks to buy Altera Corp (ALTR.O: Quote, Profile, Research, Stock Buzz) sparked a flurry of trades in its short-term calls and could spell huge gains for some timely buyers of the options.
Altera’s shares jumped as much as 30 percent to a high of $45 on a Wall Street Journal report of talks toward a deal.
NEW YORK, March 25 (Reuters) – Accenture Plc’s
options have attracted bearish bets in recent days, as investors
appear concerned about the effect the stronger dollar will have
on the consulting and outsourcing company’s business outlook.
The company, which reports quarterly results on Thursday,
saw its shares fall 1.34 percent to $88.21 on Wednesday.
NEW YORK, March 25 (Reuters) – One trader’s bullish bet in
Kraft Foods Group Inc’s options is set to turn a
$700,000 bet into a possible paper profit of as much as $19
The company’s proposed merger with ketchup maker H.J. Heinz
Co sent shares of the maker of Velveeta cheese up by more than
40 percent – but the gains pale in comparison to the jump in the
value of its options.
NEW YORK, March 17 (Reuters) – Alibaba Group Holding Ltd’s
blockbuster IPO has been followed by a steady slide in
its stock price, which options market players do not expect to
abate, with nearly a fifth of its shares to be released for
trading on Wednesday.
The Chinese e-commerce giant’s stock soared after it first
went public in September, but the party didn’t last. Trading
just above $84 on Tuesday, the stock has dropped 29 percent from
an all-time closing high of $119.15 in November on concerns
about slowed growth in China and fake items on its website.
NEW YORK/WASHINGTON (Reuters) – Lumber Liquidators Holdings Inc is expected to address claims that its flooring products contain dangerous levels of a cancer-causing substance on an analyst call on Thursday, but with the company now under regulatory scrutiny investors are skeptical it will be able to stem the slide in its shares.
The hardwood flooring retailer’s shares have lost more than half their value in the last two weeks, following a March 1 report from CBS’s “60 Minutes” alleging the company sold flooring with higher levels of formaldehyde, a known carcinogen, than permitted.
NEW YORK (Reuters) – A trader in the U.S. options market placed a $37 million bet against the euro on Tuesday, even as the dollar hit a multi-year high against the currency.
A trader bought put options on the Guggenheim CurrencyShares Euro Trust (FXE.P: Quote, Profile, Research, Stock Buzz), the most actively traded equity product for euro exposure, betting the euro will keep falling against the dollar.
NEW YORK, March 4 (Reuters) – Options on U.S. hospital
companies were unusually active on Wednesday, with bets leaning
to the bullish side as the U.S. Supreme Court heard arguments on
a major challenge to President Barack Obama’s healthcare law.
Shares of major hospital operators rose as investors
interpreted comments made by Supreme Court justices during
arguments as favorable toward upholding the Affordable Care Act,
commonly known as Obamacare.
NEW YORK, March 2 (Reuters) – The options on a popular
exchange-traded fund that allows investors to bet on the
strength of the dollar attracted an unusually high volume of
bullish bets on Monday, ahead of this week’s European Central
PowerShares DB Bullish Dollar Index Fund’s, which
tracks the value of the U.S. dollar relative to a basket of the
six major world currencies, has gained about 5 percent this year
and on Monday hit a high of $25.26, the highest it has been
since June 2010.
NEW YORK, Feb 27 (Reuters) – CBOE Holdings Inc’s
Chicago Board Options Exchange, the largest U.S. stock-options
market, is set to extend trading hours for two of its most
heavily traded index options starting Monday.
The exchange plans to add more than six hours of additional
trading five days a week for options on the S&P 500 and
the CBOE VIX index, a broadly used gauge of market
volatility based on U.S. equity option prices.
NEW YORK (Reuters) – Transocean Ltd (RIG.N: Quote, Profile, Research, Stock Buzz) shares are expected to move about 8 percent in either direction following its earnings results on Wednesday, options data showed, but positioning among traders suggests some worry.
This would be the biggest post-earnings move for the shares in at least eight quarters.