NEW YORK (Reuters) – Cubist Pharmaceuticals Inc options had one of their most active weeks this year last week ahead of Monday’s announcement that Merck & Co will buy Cubist for a hefty premium.
One series of trades on Thursday appears to have generated at least a 10-fold windfall profit on paper.
Left. Waiting for bus
NEW YORK (Reuters) – Wall Street’s fear gauge, the CBOE Volatility Index , dipped sharply on Friday after a surprisingly strong jobs report, and there was a surge in put activity in the index’s options.
The VIX fell as much as 7 percent to 11.53, its lowest since Sept. 19, after data released Friday showed U.S. employers had added the largest number of workers in nearly three years in November. In late trading, it was down 3 percent at 12.01.
NEW YORK, Dec 5 (Reuters) – Some regional banks have
benefited in a big way from the energy-related lending growth,
but the recent slide in oil prices has raised the specter of
persistently low oil prices hobbling loan growth at these banks.
As a result, a number of these banks have caught the eye of
short-sellers who are betting on the stocks taking a hit in
NEW YORK, Dec 1 (Reuters) – The meeting of the Organization
of the Petroleum Exporting Countries has come and gone, but the
oil sector’s volatility has stayed.
The United States Oil Fund – the most traded oil ETF
- fell to $25.27 on Monday, the lowest since March 2009, before
recovering a little to trade up 2.7 percent at $26.27.