Published on Aug 3, 2020 at 11:35 AM
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The stock notched yet another high of $436.82 this morning -- trouncing its former July 13 peak at $431.68. At last check, NVDA is up 2.2% at $434.07. 
Published on Aug 3, 2020 at 10:39 AM
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Microsoft (MSFT) has begun talks to purchase online platform TikTok.
Published on Jul 31, 2020 at 1:47 PM
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This post-earnings rally has attracted plenty of attention in the options pits, as options volume is currently running at 11 times its usual rate. So far, 163,000 calls and 60,000 puts have crossed the tape, the most popular being the November 25 call, followed by the August 40 call -- where new positions are being opened.
Published on Jul 31, 2020 at 10:40 AM
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Published on Jul 31, 2020 at 10:26 AM
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Today, options traders are taking a greater-than-usual interest in Big Tech staple Apple Inc. (NASDAQ:AAPL).Options are trading at five times average intraday amount -- volume which is pacing in the top percentile of annual readings -- with new positions being opened at the weekly 7/31 410-strike call.
Published on Jul 31, 2020 at 10:06 AM
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 Today though, the appetite has shifted more to calls. In just the first hour of trading, over 6,000 calls have changed hands -- eight times the average intraday amount and double the number of puts traded. 
Published on Jul 30, 2020 at 2:32 PM
Updated on Jul 30, 2020 at 4:36 PM
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Kraft Heinz (KHC) reported second-quarter earnings and revenue coming in above Wall Street's forecasts, but the stock is sinking after a multi-billion dollar writedown charge
Published on Jul 30, 2020 at 11:07 AM
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Today's options activity shows calls overwhelming puts, however. So far, 4,084 calls have crossed the tape, which is more than twice the amount of puts traded. Most popular is the monthly August 47 call, followed by the weekly 07/31 44-strike call. 
Published on Jul 30, 2020 at 10:24 AM
Updated on Jul 30, 2020 at 10:25 AM
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Today, amid limited absolute volume, options traders are taking a greater-than-usual interest in the fast-food chain. Options are trading at double the average intraday amount, with new positions being opened at the August 94 call.
Published on Jul 29, 2020 at 10:44 AM
Updated on Jul 29, 2020 at 3:20 PM
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The shares of Starbucks Corporation (NASDAQ: SBUX) are up 4.9% at $78.26 at last check, after the popular coffee chain reported fiscal third-quarter losses of $0.46 per share, considerably lower than Wall Street's estimated losses $0.59 per share. Revenue also topped analyst expectations. The company attributed the positive results to a number of stores reopening around the world. As a result, SBUX earned no less than nine price-target hikes this morning, with one of the most significant coming from Wedbush to $81 from $75.

On the charts, SBUX has been fighting to recover from its mid-March lows near the $50 level. Shares rallied to the $83 mark earlier in June, but have since cooled off and found overhead pressure at the $76 level in recent weeks. Longer term, the equity is still struggling, and sports a 18.9% deficit year-over-year.

Today's shift in sentiment should be of no surprise, as analysts were largely hesitant toward SBUX coming into today, with 13 of the 22 in coverage carrying a tepid "hold" rating. Meanwhile, the stock's 12-month consensus price target of $82.18 is a 5% premium to current levels.  

A look at Starbucks' options pits shows calls more than doubling puts, with 48,605 calls exchanged in the past 10 days as opposed to 24,118 puts. What's more, SBUX's Schaeffer's open interest ratio (SOIR) of 1.27 stands higher than 78% of readings from the past year, implying short-term options traders have rarely been more put-biased.

Today's options activity shows calls and puts running at a relatively equal clip. So far, 20,000 calls and 20,000 puts have crossed the tape -- total options volume that is five times what is typically seen at this point. Most popular is the 7/31 80-strike call, followed closely by the January 2021 145-strike call.

Published on Jul 29, 2020 at 2:24 PM
Updated on Jul 29, 2020 at 2:24 PM
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Eastman Kodak (KODK) is up after it reported securing a loan via the U.S. government to speed up the development of Kodak Pharmaceuticals, which will address a national shortage of critical pharmaceutical components.
Published on Jul 23, 2020 at 11:32 AM
Updated on Jul 29, 2020 at 10:51 AM
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The shares of Chipotle Mexican Grill, Inc. (NYSE: CMG) are down 1.8% at $1,162.40 at last check, after the chain reported second-quarter profits of $0.40 per share on $1.36 billion in revenue, considerably higher than Wall Street's estimates of  $0.35 on $1.33 billion, respectively. The company attributed the strong results to soaring digital sales during the COVID-19 pandemic. As a result, CMG earned no less than 14 price-target hikes from analysts this morning, with one of the most significant ones coming from Wells Fargo to $1,282 from $969.

On the charts, CMG has nearly tripled from its mid-March lows near the $415 level, culminating in its latest record-high of $1,187 -- notched yesterday, July 22. The equity has been breaking records on a monthly basis since May, however, with consistent support from the 20-day moving average in recent weeks. Longer term, Chipotle stock is up nearly 50% year-over-year.

Analysts were largely hesitant toward CMG coming into today, with 16 of the 26 in coverage sporting a "hold" or worse rating, while the remaining 10 called it a "strong buy." Meanwhile, the stock's 12-month consensus price target of $1,182.93 is a 1.6% premium to current levels. 

That bearish sentiment is echoed in the options pits. the last 50 days, 1.27 puts were picked up for every call at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 88% of readings from the past year, meaning puts are being picked up at a faster-than-usual clip.

Moreover, CMG's Schaeffer's put/call open interest ratio (SOIR) of 2.65 stands higher than 99% of readings from the past year, implying short-term options traders have rarely been more put-biased.

Today's options activity shows calls and puts running at a relatively equal clip. So far, 6,904 calls and 6,917 puts have crossed the tape -- three times what is typically seen at this point. Most popular is the monthly August 1,000 put, with positions being bought to open here. The most popular call contract is the 1,200 call in the same monthly series, where positions are also being opened. 


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