Sr. Correspondent, Broker Research, Bangalore, India
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Mar 11, 2015

Investors bearish on Lumber Liquidators before company update

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.

Mar 10, 2015

ETF tracking the euro draws $37 million bearish bet

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.

Mar 4, 2015

Bullish bets seen as options market readies for June Obamacare ruling

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.

Mar 2, 2015

Bullish bets on dollar ETF surge ahead of ECB meeting

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
Bank meeting.

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.

Feb 27, 2015

CBOE to expand VIX options trading hours from Monday

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.

Feb 24, 2015

Transocean shares poised for big move after results

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.

Feb 20, 2015

Bearish bets surge on Amira Nature Foods ahead of results

NEW YORK (Reuters) – Amira Nature Foods Ltd’s options have been unusually active since a short-seller published a report casting doubts on the company’s financials, and bearish bets on the stock have surged ahead of Amira‚Äôs quarterly results due on Monday.

The company, which gets most of its revenue from the sale of basmati rice, suffered its biggest one-day drop in share price on Feb. 9 after a short-selling firm, Prescience Point Research, said the company had fabricated its financial statements.

Feb 19, 2015

Options traders bet on growing U.S. demand for cyber security

NEW YORK, Feb 19 (Reuters) – A barrage of damaging cyber
attacks has shaken up the security industry, and traders in the
options market are betting on cyber security companies
benefiting from increased spending as governments and
businesses boost security.

Cyber security has become a major concern for U.S. firms
with recent high profile data breaches reported at Sony Pictures
Entertainment, Target Corp, Home Depot Inc
, and most recently at health insurer Anthem Inc.

Feb 13, 2015
Feb 12, 2015
    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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