Sr. Correspondent, Broker Research, Bangalore, India
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Aug 7, 2015

Wall Street now thinks Fed hike in September will be 2015’s only move: Reuters poll

NEW YORK (Reuters) – Top Wall Street banks still expect the Federal Reserve to raise interest rates in September, but a growing number now believe the central bank is likely to only hike once this year, a Reuters poll found on Friday.

Thirteen of 19 primary dealers, or the banks that deal directly with the Fed, polled said they expect the Fed to raise rates by September but just nine now believe the Fed will hike rates twice in 2015, compared with 15 of 20 in the July Reuters poll.

Aug 7, 2015

Wall St now thinks Fed hike in September will be 2015’s only move

NEW YORK, Aug 7 (Reuters) – Top Wall Street banks still
expect the Federal Reserve to raise interest rates in September,
but a growing number now believe the central bank is likely to
only hike once this year, a Reuters poll found on Friday.

Thirteen of 19 primary dealers, or the banks that deal
directly with the Fed, polled said they expect the Fed to raise
rates by September but just nine now believe the Fed will hike
rates twice in 2015, compared with 15 of 20 in the July Reuters
poll.

Aug 4, 2015

Apple’s momentum ‘meltdown’ bites investors

NEW YORK, Aug 4 (Reuters) – Has the “curse of the Dow”
finally caught up with Apple?

Shares of the iPhone maker have been in a rut since posting
disappointing quarterly results in late June, falling to a
six-month low of $113.25 on Tuesday.

Jul 31, 2015

July U.S.-listed options volume spikes to nine-month high

NEW YORK (Reuters) – Fear of increased volatility in the U.S. stock market and the growing proximity of a Federal Reserve interest rate hike helped boost options trading volume in July, sending it to the highest level since October.

The total volume of trading in U.S.-listed equity and index options looks set to rise to about 387 million contracts in July, up 16 percent over June, according to a Reuters analysis of data from options clearinghouse OCC.

Jul 28, 2015

Facebook’s ascent has investors betting on more gains

NEW YORK (Reuters) – The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet this earnings season as investors focus instead on the success of Facebook Inc (FB.O: Quote, Profile, Research, Stock Buzz).

Investors in the options market are betting on more gains for the stock after it reports results Wednesday.

Jul 23, 2015

Hedging in oil ETF options wanes as crude slides below $50/bbl

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.

Jul 20, 2015

Options traders grow more bullish on big tech names

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.

Jul 16, 2015

Weekly VIX options the newest way to trade volatility

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.

Jul 14, 2015

Micron attracted large options bets ahead of deal news

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.

Jul 10, 2015

Financial ETF investors look for boost from bank earnings

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
appears bullish.

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.

    • 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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