NEW YORK (Reuters) – With oil prices below $50 a barrel again for the first time in three months, action in the options market suggests traders think the declines may be waning.
U.S. crude oil futures have dropped about 19 percent in July, partly on concerns of a glut in global oil supply. On Thursday, they touched a three-month low of $48.28. In March, oil fell to a six-year low.
NEW YORK (Reuters) – Trading in a key technology fund’s options showed signs of growing bullishness on Monday ahead of earnings reports this week from big names in the sector, including Apple Inc (AAPL.O: Quote, Profile, Research, Stock Buzz), International Business Machines (IBM.N: Quote, Profile, Research, Stock Buzz) and Microsoft Corp (MSFT.O: Quote, Profile, Research, Stock Buzz).
Shares of the Technology Select Sector SPDR exchange traded fund (XLK.P: Quote, Profile, Research, Stock Buzz) were up 29 cents at $43.73 on Monday, just shy of the all-time high of $43.81 set on May 27.
NEW YORK, July 16 (Reuters) – Traders will have a new way to
trade short-term volatility next week, when CBOE Holdings Inc
plans to launch weekly expirations for one of its most
heavily traded index options products.
CBOE, the operator of the largest U.S. stock options market,
plans to list weekly expirations for futures and options on the
CBOE Volatility Index, the market’s favored barometer of
volatility. The futures are expected to list on July 23, with
the options to follow soon.
NEW YORK (Reuters) – Micron Technology Inc attracted large options bets days ahead of reports that China’s state-backed Tsinghua Unigroup Ltd is preparing a $23 billion bid for the U.S. memory chip maker.
Micron’s shares jumped as much as 13 percent to $19.84 on Tuesday, on reports that the Chinese technology conglomerate is prepared to bid $21 per share for Micron. A Micron spokesman said it had not received an offer.
NEW YORK, July 10 (Reuters) – With a slew of big banks
reporting results next week, the key financial exchange traded
fund has been drawing strong inflows, and trading in its options
The Financial Select Sector SPDR Fund, which tracks
the S&P 500 financials sector, is up 1 percent this year
and touched a seven-year high of $25.31, on June 18. The shares
have fallen as much as 5 percent since then.
July 8 (Reuters) – The weeks long tumble in the Chinese
stock market is continuing to spill over into China-focused
exchange traded funds and ADRs in the United States, boosting
demand for hedging in the U.S. options market.
Despite Beijing’s best efforts, China’s main stock indexes
have lost about a third of their value since
mid-June, and Chinese shares trading in the United States are
feeling the pinch.
NEW YORK (Reuters) – Hedging activity is rising for U.S. semiconductor stocks as investors fear that sector earnings may be weak, and share prices may fall after a recent flourish in mergers and acquisitions.
Options bets on an exchange-traded fund that tracks the sector have long been bearish, but there was a noticeable rise in hedging activity in June.
NEW YORK (Reuters) – Global investors are hedged against a potential exit of Greece from the euro zone ahead of Sunday’s referendum, but they’re not betting on a huge fallout in financial markets even if there is a negative outcome.
Currency, bond, and equity investors have turned defensive, trimming exposure in the euro zone. They’re generally of the mindset, though, that a last-minute deal will be struck and it will be an opportunity to snap up euro zone assets again.
NEW YORK (Reuters) – Investors who have the most to win if Amazon, Disney and other consumer discretionary companies continue to push the sector higher are getting increasingly nervous, judging by their options activity.
Options bets tied to declines in an exchange-traded fund tracking the sector have been unusually popular, even as the S&P 500 consumer discretionary index has logged an 8 percent rise for the year, handily beating the S&P 500 and turning in the second-best performance among the nine S&P 500 sectors.
NEW YORK (Reuters) – Dick Costolo’s decision to step down as Twitter Inc’s chief executive last week failed to stem the weeks-long slide in the company’s shares, but options traders appear to be betting on a near-term rebound.
The stock has shed more than a third of its value since Twitter reported first-quarter results in April. It edged up 6 cents to $34.62 on Thursday, after touching a year-low of $33.51 on Tuesday.