Sr. Correspondent, Broker Research, Bangalore, India
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Sep 9, 2014

GT shares plunge as Apple taps other source for new iPhone display

NEW YORK (Reuters) – Shares of GT Advanced Technologies Inc plunged in their heaviest-ever trading day on Tuesday after Apple Inc said its new iPhone 6 would not feature screens made with GT’s sapphire glass displays.

GT’s stock began falling abruptly in early afternoon trading as Apple’s latest product launch event was underway in Silicon Valley. By the close of trading, it had dropped 12.9 percent to $14.94 on record volume of 37.7 million shares.

Sep 9, 2014
Sep 9, 2014
Sep 9, 2014

Call spread trading pops in Santander Consumer USA

NEW YORK, Sept 9 (Reuters) – Call spread trading has risen
on Santander Consumer USA Holdings Inc, the auto-finance
unit of Spanish bank Santander SA, with options volume
running about 37 times normal on Tuesday.

An unidentified investor sold 15,000 calls expiring in
October at a $20 strike at 35 cents and bought 20,000 January
calls at the same strike price for $1.10, Fred Ruffy, options
strategist at Whatstrading.com, said.

Sep 8, 2014
Sep 8, 2014

Options market sees little risk in Family Dollar deal

NEW YORK, Sept 8 (Reuters) – Competing offers from rival
discount chains has left the fate of Family Dollar Stores Inc
up in the air, but options investors are currently
treating its accepted offer from Dollar Tree Inc
deal as a done deal.

Family Dollar rejected a $9.1 billion offer from the leading
discount retailer, Dollar General Corp, and analysts
believe the company could come back and try to sweeten its bid
again. But Family Dollar has said it plans to stick with an $8.5
billion offer from Dollar Tree.

Sep 8, 2014

Vimicro shares up 14 pct amid spike in bullish call buying

NEW YORK, Sept 8 (Reuters) – Shares of China-based Vimicro
International Corp are up more than 14 percent amid a
spike in bullish call buying on Monday.

Brokerage firm Needham raised its target price on the
technology stock. Options volume on Vimicro is up to nearly 42
times the normal level, with 2,551 calls and 37 puts traded,
according to data from options analytics firm Trade Alert.

Sep 5, 2014
Sep 5, 2014
Sep 4, 2014
    • About Saqib

      "Saqib is Senior correspondent, Broker Research and leads a team of five reporters covering equities research. He previously worked as a producer on the Reuters Global Online desk. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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