AKS
2015-12-26 Is It Time To Fade The Rally In US Steel Corp (X)
Is It Time To Fade The Rally In US Steel Corp (X)
This was originally published on Andrew Nyquist’s SeeItMarket.com on December 25th
Shares of United States Steel Corp. (X) have collapsed 81% from the 2014 highs, but is it still too early to call for a bottom in the once great steel producer?
China’s mass production rate of steel has led to “dumping” in the United States and other areas of the world, which essentially means those foreign competitors are selling below or at production costs. Tack on a stronger U.S. Dollar and you have continued downward pressure on the likes of US Steel, Nucor (NUE), AK Steel (AKS), and more.
And this could keep their respective stock prices suppressed a bit longer.
Despite tariffs levied by the U.S. Commerce Department on December 23rd, the market reacted as if the anti-dumping tariffs were less … Read More »
2015-07-20 Unusual Options Activity (AKS) (AMD)
Unusual Options Activity
AK Steel (AKS)- There was a rollout from 16,431 Sep $3 puts ($0.47 credit) into 32,177 Jan 2016 $2 puts ($0.24 debit). Steel prices are hitting multi-year lows and EPS estimates continue to be revised lower because of it (-$0.47 to -$0.90 for 2015 in just three months).
Advanced Micro Devices (AMD)- There was a rollout from 10,029 Oct $2 puts ($0.32 credit) into 20,058 Jan 2016 $1.50 puts ($0.16 debit). On July 17th, Citigroup lowered their price target to $1.50 from $2 citing market share loss, burning through their cash, and weak PC demand.
Baxter International (BAX)- 15,000+ Aug 21 $38.50 calls were purchased for $0.48. Earnings are due out on July 29th. They spun off Baxalta, a developer new treatments for people with orphan diseases and underserved conditions, last month.
Citigroup (C)- 10,000+ Sep $60 calls were bought for … Read More »
2015-05-22 Options Report (AKS) (EWH)
Options Report
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2015-04-27 Unusual Options Activity (AKS) (HRB)
Unusual Options Activity
AK Steel (AKS)- Another 2,000 June 19 $6 calls were purchased for $0.14, against open interest of 12,548 contracts (large buying in these on Friday). Earnings are due out tomorrow morning. The stock recently broke out of a multi-month downtrend.
H&R Block (HRB)- More than 4,000 July $35 calls were bought for $0.55-$0.60, against open interest of 1,916 contracts. On April 23rd, they said tax results through April 16th helped revenues increase even with fewer returns prepared. EBITDA margins are still projected to be around 30%.
IMAX Corp (IMAX)- 7,000 May $39 calls were purchased for $0.65-$0.80. This was tied to 200,000+ shares. Earnings are due out on April 30th (moved higher on 6 out of the last 7 reports). Large open interest remains in the June $33, $36, and $40 calls (not tied to stock in these instances).
Coca-Cola (KO)- … Read More »
2015-04-24 Options Report (AAL) (AKS)
Options Report
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2015-03-18 Options Report (AKS) (DNKN)
Options Report
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2015-03-18 Unusual Options Activity (ORCL) (PM)
Unusual Options Activity
AK Steel (AKS)- 6,000 Mar 27 weekly $4.50 calls were purchased for $0.08-$0.09 each. Other steel stocks, United States Steel, Steel Dynamics, and Nucor, have all saw big upside call buying in recent weeks.
ING Groep NV (ING)- 5,000+ Oct $15 calls were bought for $0.95-$1.05 each, following yesterday’s buyer of 14,000 Oct $15 calls. 2/3rds of the current total call open interest is from these Oct calls.
Oracle (ORCL)- 7,400 Apr 24 weekly $43 puts were sold for $0.48 each. The company raised their dividend 25% last night, but missed on Q3 revenue estimates (on a constant currency basis they were up 6%).
Philip Morris International (PM)- A rollout from 3,615 June $80 puts ($4.91 credit) into 3,108 June $77.50 puts ($3.50 debit) today. 8,000 Apr 17 $75 puts were purchased for $0.67-$0.69 each on March 10th.
Prudential Financial (PRU)- Roughly … Read More »
2014-04-21 Unusual Options Activity (HUBG) (MNK)
Unusual Options Activity
AMD- 1,330 May 9 weekly $4.50 calls were bought for $0.06 each, against open interest of 163 contracts. (AMD) reported earnings on Thursday night.
NTES- 1k May $70 calls were purchased for $4.10-$4.20 each, against open interest of 115 contracts. Earnings are due out on 5/14. Typically trades 556 calls per day.
BBRY- 9,033 June $8 calls were bought for $0.37 each, against open interest of 11,255 contracts.
MU- 5,791 July $27 calls were purchased for $1.14 each, against open interest of 21,542 contracts. (MU) shares are trying to retest the February highs of $25.68.
SMH- 14,500 Aug. $50 calls were bought for $0.38 each, against open interest of 22,637 contracts. There was large buying in these calls on 4/8 and 4/9.
WPRT- 5,400 Oct. $17 calls were sold for $0.60 each, against open interest of 81 contracts. Earnings are due out on … Read More »
2014-04-11 Smart Money Report (C) (JBHT)
Smart Money Report
C- Citigroup is set to announce Q1 earnings before the bell on Monday morning. Analysts are looking for $1.16 in EPS and revenue of $19.4 billion. The options market is implying a $1.68 move, or 3.67%, in either direction through next Friday’s close. Call to put ratio in (C) options is currently 1.10, led by activity in the Apr. 19 $47 calls. The stock has moved higher on four out of last seven reports.
JBHT- Another notable report due out on Monday morning will come from J.B. Hunt Transport Services. Analysts are looking for $0.65 in EPS and revenue of $1.4 billion. The call to put ratio in (JBHT) options is currently 3.95, led by buying in the May $75 calls. The stock has moved lower on three out of the last four reports.
AKS- 5k May $8 calls were … Read More »
2014-04-11 Unusual Options Activity (AKS) (SIRI)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in AK Steel (AKS) and a bull risk reversal in Sirius XM (SIRI).
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2014-03-10 Smart Money Report (EJ) (EUO)
Smart Money Report
EJ- E-House (China) Holdings is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.22 in EPS and revenue of $223 million. Option traders are pricing in a $2.55 move, or 16.49%, in either direction through Mar. options expiration. The call to put ratio in (EJ) options is currently 1.79, led by buying in the Apr. 2014 $19 calls. The stock has gapped higher on the previous three earnings reports.
AKS- 10k June $6 puts were purchased for $0.66-$0.70 each, against open interest of 1,183 contracts. The middle Bollinger Band (20-day SMA) has acted as resistance over the past two months.
DAN- The Mar/Apr $22 call calendar was put on 2,200 times for a $0.49 debit. Volume was above the open interest in both options. They sold the Mar. $22 calls and bought the Apr. $22 calls, … Read More »
2014-03-10 Unusual Options Activity (AKS) (DAN)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put buying in AK Steel (AKS) and a call calendar in Dana Holding (DAN).
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2013-08-24-Free Trade of the Day (VZ)
Free Trade of the Day
Verizon Communications (VZ)
Verizon Communications (VZ) Options Trade Idea
Buy the Sep. 27 Weekly $48/$50 Call Spread for a $0.60 debit or better
(Buying the Sep. $48 Call and selling the Sep. $50 Call, all in one trade)
Stop loss- None
Upside target- $2.00
Updates: AK Steel (AKS) shares rose 2.31% on Friday, confirming the support at the $3.30 level. Shares of EMC Corp. (EMC) added 1.66%, closing higher for the third consecutive session.
Free offer: Sign up for a free account and have the “Free Trade of the Day’ and the “Smart Money Report” delivered straight to your inbox daily.
SUMMER END SALE: Join now to gain access to the all of the stock watchlist updates (various stock and options trade ideas every night), unusual options activity reports, weekend … Read More »
2013-08-22-Free Trade of the Day (AKS)
Free Trade of the Day
AK Steel Holding (AKS)
Updates: EMC (EMC) shares rose 0.78%, confirming the support at the 50-day EMA. Shares of Groupon (GRPN) pushed towards the $10 level today, adding 2.15% on the session.
Free offer: Sign up for a free account and have the “Free Trade of the Day’ and the “Smart Money Report” delivered straight to your inbox daily.
SUMMER END SALE: Join now to gain access to the all of the stock watchlist updates (various stock and options trade ideas every night), unusual options activity reports, weekend market updates, direct email access to bounce trade ideas off of me and other market related questions, and much more! Save up to 42% off of the retail price. Become a premium member (or extend your current subscription) for just $19.95. Offers end on 8/31/2013.
Check it all … Read More »
