Sr. Correspondent, Broker Research, Bangalore, India
Saqib's Feed
Oct 3, 2014
Oct 3, 2014
Oct 3, 2014

Mylan options see unusual bullish bets Thursday

NEW YORK (Reuters) – Mylan Inc (MYL.O: Quote, Profile, Research, Stock Buzz) saw unusual options activity on Thursday and the stock rallied sharply after rumors of the company being approached for a possible deal, a day before it issued a positive earnings outlook.

Mylan’s shares were up 8 percent at $50.28 on Friday in heavy trading. The company raised its third-quarter adjusted profit forecast, citing stronger-than-expected operational performance.

Oct 3, 2014
Oct 2, 2014
Oct 2, 2014
Oct 2, 2014

Options market bets on a Brazil comeback post-election

NEW YORK, Oct 2 (Reuters) – The prospect of leftist Dilma
Rousseff winning another term as Brazil’s president has caused
investors to flee Brazilian markets, but bets in the U.S.
options market suggest the selling may have run its course.

Citizens in Latin America’s largest economy will vote on
Sunday, with polls showing Rousseff solidifying her lead over
opposition candidate Marina Silva, who is looking to put an end
to 12 years of Workers’ Party rule.

Oct 1, 2014
Sep 30, 2014
Sep 30, 2014

GoPro shares rise on news of new cameras; bullish options active

NEW YORK (Reuters) – GoPro Inc shares rose 3 percent to touch a new high and options volume looked set to hit a record on Tuesday, a day after the maker of cameras worn by surfers and skydivers said it would be launching two new action cameras, as well as a lower priced beginner-friendly model.

The stock has become a momentum-crowd favorite recently, with shares nearly tripling from their first-day closing price of $31.34 on June 26.

    • 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."
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