Microsoft issued an official response to news of Google releasing its Chrome Operating System to open source for developers. Although the Chrome OS will not be available to end-users for at least another year, Microsoft is already citing Windows 7 as a more viable alternative for working on both the...
FACEBOOK can be a double-edged sword, a Canadian woman learned when an insurance company cut her health benefits, claiming she was healthy after seeing pictures of her smiling in bikini at the beach. Nathalie Blanchard, 29, took long-term sick leave from her job at IBM in Bromont, Quebec, more than...
New York, Nov 21 (TradersHuddle.com) – FlowTrades an online subscription service that increases confidence in trading stocks, by providing in-depth technical analysis of stocks with a simple to use system to lock up profits and limit losses released its technical trading outlook for Microsoft Corporation (NASDAQ:MSFT) and Research In Motion Lt. Read More --
BloggingStocks: Twitter calls Google (GOOG) a "good role model," but says it isn't ready to rush down the road to advertising.
Nonetheless, an ad-based revenue model is something that cofounder Biz Stone says they "will be looking to do down the line." But, for ... Read more
BloggingStocks: Take the Nook off your Christmas list. The new e-reader from Barnes & Noble (BKS) has already sold out, and more won't be available until after the holiday has passed. The next batch will be available, at best, by November 4, 2010.
In a statement, ... Read more
After almost a year of initiating the $700 billion Troubled Asset Relief Program (TARP) to rescue the nation’s financial industry, the U.S. Treasury Department said on Thursday that it would auction off stock warrants it acquired from three big banks that received a significant portion of taxpayers’ money and have fully repaid the same. The [...]
US stocks dropped for the third straight day Friday as investors reacted negatively to Dell Inc.'s worse than expected quarterly results. Shares also retreated as a stronger dollar weighed upon commodity sector.[More...]
WFC - Wells Fargo & Co. – Shares of the financial holding company surrendered 1.5% today to stand at $27.88. One investor initiated a sold straddle on WFC in the April 2010 contract. The trader sold 10,000 calls at the April 32 strike for 1.59 apiece in conjunction with the sale of 10,000 now in-the-money puts at the same strike for 5.81 each. The gross premium on the transaction amounts to 7.40 per contract. The investor will retain the full premium if shares settle at $32.00 by expiration. The premium received acts as a buffer against losses in the event that shares swing in either direction away from the $32.00-level. However, the trader will accumulate losses if shares breach the upper breakeven price of $39.40, or if shares decline beneath the lower breakeven point at $24.60, by expiration in April.
IYT - iShares Dow Jones Transportation Average Index ETF – The exchange-traded fund, which measures the performance of the transportation sector of the U.S. equity market, appeared on our ‘hot by options volume’ market scanner this afternoon after one investor initiated a bearish put play. Shares of the fund moved 0.5% lower to $70.53 during the session. The trader established a put spread by purchasing 5,000 puts at the December 70 strike for 1.80 each, and by selling the same number of puts at the lower December 65 strike for 40 cents apiece. The net cost of the trade amounts to 1.40 per contract and provides downside protection beneath the breakeven price of $68.60 down to $65.00 through December’s expiration.
RYL - The Ryland Group, Inc. – Shares of homebuilder and mortgage-finance company, Ryland Group, declined nearly 4% this afternoon to stand at $18.86. Investors exchanging options on the stock today spread pessimistic sentiment through to expiration December. Traders sold 10,000 calls at the December 19 strike for an average premium of 1.10 apiece. The full 1.10 premium pocketed by investors is retained in full as long as shares of RYL remain below $19.00 through expiration day. Call-sellers do not seem to expect that shares of Ryland will recover before the start of 2010.
YHOO - Yahoo!, Inc. – We observed two different option strategies in play on Yahoo this afternoon. A large-volume sold strangle in the January 2011 contract suggests shares are likely to remain stagnant through expiration. The transaction involved the sale…
This is the next installment in our series about Expert Advice from the United Soybean Board. While attending the National Association of Farm Broadcasting Convention I spoke with USB Treasurer Marc Curtis who farms in Mississippi.
Marc serves on the USB Production Committee so he’s especially happy that the organization can offer Expert [...]