Published on Aug 9, 2022 at 3:11 PM
  • Buzz Stocks

Options bulls seem to be capitalizing on 3D Systems Corp's (NYSE:DDD) post-earnings plummet today. The shares are down 15.2% to trade at $11.23 at last glance -- earlier as low as $10.67 -- after the company's second-quarter results miss and gloomy full-year revenue forecast. 

So far, 30,000 calls have been exchanged, which is 28 times the average intraday amount, in comparison to just 5,404 puts. The weekly 8/12 13-strike call is the most popular by far, with new positions being bought to open there. 

DDD could've already been due for a short-term drop, as its 14-day Relative Strength Index (RSI) of 80 sits firmly in "overbought" territory. However, shorts have started to cover their bets, and short interest still represents 9.3% of the stock's available float, which could provide tailwinds. 

Analysts have yet to chime in after the disappointing earnings event, but the majority of the brokerage bunch is already bearish toward the equity. Of the five analysts in coverage, four carry a "hold" or worse rating on DDD. 

Year-to-date, 3D Systems stock is down 48%. The security appears to have found a floor at the $9 level, but plenty of long-term moving averages linger above as potential pressure, including the 150-day trendline. 

DDD August9

Published on Aug 8, 2022 at 2:46 PM
  • Buzz Stocks
 
Published on Jun 8, 2022 at 2:56 PM
  • Buzz Stocks
Calls are taking off in the options pits, with 43,000 across the tape today -- four times the intraday average in terms of volume. The July 65 call accounts for the bulk of it, and is also the top open interest position. 
Published on May 26, 2022 at 10:16 AM
Updated on May 26, 2022 at 10:17 AM
  • Intraday Option Activity
  • Buzz Stocks
Drilling down to today's options activity, 4,356 calls and 6,702 puts have crossed the tape in just the first half hour of trading, which is nine times the usual intraday amount. Most popular is the 5/27 75-strike put, followed by the 155-strike put in the same weekly series.
Published on May 24, 2022 at 2:57 PM
  • Buzz Stocks
The 20,000 puts across the tape so far represents seven times the average intraday amount, and double the amount of calls exchanged. The weekly 5/27 45-strike put is the most popular, with new positions being bought to open there. 
Published on May 23, 2022 at 2:58 PM
  • Analyst Update
So far, 15,000 puts have crossed the tape today -- 56 times the intraday average -- compared to just 2,486 calls. The June 75 put is the most popular, with new positions being bought to open there. 
Published on May 10, 2022 at 2:19 PM
Updated on May 18, 2022 at 4:32 PM
  • Intraday Option Activity
  • Buzz Stocks
Options traders are targeting the equity as well, with 133,000 calls and 113,000 puts across the tape so far, which is five times the average intraday amount. Most popular are the 5/13 30-strike put and 40-strike call, with new positions currently being opened at both. 
Published on May 17, 2022 at 10:14 AM
Updated on May 18, 2022 at 4:14 PM
  • Intraday Option Activity
  • Buzz Stocks
So far, 11,000 calls and 11,000 puts have already crossed the tape, which is seven times the intraday average. Most popular is the May 325 call, followed by the 310 call in the same monthly series.
Published on May 18, 2022 at 10:07 AM
Updated on May 18, 2022 at 4:10 PM
  • Intraday Option Activity
  • Buzz Stocks
So far, 4,294 calls and 6,958 puts have crossed the tape, or seven times the volume that's typically seen at this point. The most popular is the May 190 put, followed by the 6/10 165-strike put, with new positions now being opened at the latter.
Published on May 12, 2022 at 10:21 AM
Updated on May 18, 2022 at 4:00 PM
  • Buzz Stocks
Today, 1,556 calls and 2,275 puts have crossed the tape -- four times the intraday average. The weekly 5/13 30-strike put is the most popular, followed by the 30-strike call in the same series, with new positions being opened at the former. 
Published on May 5, 2022 at 10:07 AM
  • Buzz Stocks
Drilling down to today's options activity, 12,000 calls and 12,000 puts have exchanged hands, or eight times the intraday average. Most popular are the 5/6 54- and 63-strike calls, with positions being opened at the former.
Published on Apr 29, 2022 at 10:38 AM
Updated on Apr 29, 2022 at 11:31 AM
  • Buzz Stocks

Trading platform Robinhood Markets Inc (NASDAQ:HOOD) is up 3.6% to trade at $10.44 this morning, rebounding from steep pre-market losses, though it still hit a record low of $9 right out of the gate. The company announced first-quarter losses of 45 cents per share, nine cents lower than the expected. Plus, revenue fell 43% to $299 million, compared to analyst estimates of $355.8 million, with monthly active users dropping 10% in March alone.

Robinhood cited the recent challenging economic backdrop as the cause of the user slowdown. The company also said earlier this week it was laying off roughly 9% of full-time employees. Two analysts lowered their price targets in response to the event, with Piper Sandler cutting its objective to $11 from $13, questioning management's ability to achieve "aspirational" 2022 targets. 

Options traders are targeting the stock as well, with options volume running at triple what's typically seen at this point, and pacing for the 99th percentile of its annual range. So far, 68,000 calls and 76,000 puts have been exchanged. The 4/29 10-strike put is the most popular by far, followed by the 10-strike call in that same weekly series, with new positions being opened at both. It's worth noting HOOD has found itself on the Short Sale Restricted (SSR) list today, however. 

Now below all major short- and long-term moving averages, HOOD carries a 41.4% year-to-date deficit, with a new ceiling emerging at the $12 level. And though short interest has begun to unwind, it still represents 7.9% of the stock's available float. 

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