It has been a long time since I have seen the option volume on the expiring puts today. Strikes $25 through $26 with the $25.50 volume at more than the open interest. It looks like they are buying the $25.50 .... closing them? opening more? The $25.50 call OI is only 4k contracts and not in play.
It smells like they are BUYING the $25.50 and selling the $25, $26 and $26.50. Selling the $26 and $26.50 is a proxy for BUYING. Buying the $25.50 is a proxy for shorting and the option market maker is probably shorting some as a hedge. Interesting.
50 contracts = 5,000 share equivalent.
2 cents per share.
"marco the great" ..... 8-)
Maybe Karen will take you to dinner with her profits.
"I think we should complain to the SEC about that blatant upgrade."
That might be a good idea. The SEC would have to look at the surrounding events, including the 5% drop in INTC and why that happened. Fun.
Canaccord Genuity analyst Bobby Burleson reiterated a Hold rating but bumped his price target on Intel (NASDAQ: INTC) from $22 to $24 following lackluster Q1 results and outlook.
"We remain HOLD-rated for Intel given valuation is unlikely to expand during slow growth phase, especially with lingering uncertainty for PC demand and the potential mix effects on consumer notebooks from ramping tablets.," Burleson said.
Mr. Burleson added, "Our estimates increase slightly on guidance although we were below consensus into the release." He lowered his 2014 Annual EP
I started out with a dividend arbitraging hypothesis and the INTC dividend should be DECLARED early next week and ex-dividend during the first week in Feb. The arbitraging and option activity has that Feb date as its target but they are slurping up the high implied volatility as part of the dividend arbitraging.
Burning his shorts would probably be a "good" thing.
The behavior of INTC in the past has made this a profitable strategy.
Of course the more people who know ...... influences that behavior.
One strategy to someone who owns the calls is a "riskless short". Intel has a history of (yes ..... history does not dictate the future) volatile trading after earnings and then PEAKING just before the call and then leaking away.
I am not saying this will happen today but ......
If Intel pops up and you have an OPTION PROFIT, you can short INTC against the call position if you want to lock in a profit. You may want to talk to your broker about it JUST to see if that would get you into trouble with your account.
..... OR you can hold them for appreciation.
INTC should close at $26.50 which is right at the option strike and is being driven their by the options activity. The price movement today is driven by the option market maker with implied volatility of 70, he is short'n and buy'n and push'n the stock up and down as needed.
looks like he did a Google for Kabini and copy/pasted all the stuff on the net. December was the newest announcement I could find.
Hmmm. This stuff is all from last summer. Nothing to look at .... lets move along there.
Lenovo Notebook 59371430 IdeaPad G505 15.6inch AMD Kabini E1-2100 Available 6/23/2013.Added on August 09, 2013 (Sears)
Samsung ATIV Book 9 Lite June 20, 2013 4:27 PM EST
HP Pavilion 500-c60 Desktop Date First Available December 21, 2013
This is appears to be 6 month old FUDZILLA article "Last modified on Monday, 01 July 2013 08:05".
$399 to $499
It looks like at least three Kabini based notebooks have made it to retail. Thanks to the sharp eye of one of our readers we are happy to report that Gateway has one model out, while Toshiba has two additional ones.
The Gateway starts at $399. It has an AMD A4-5000 quad core Kabini clocked at 1.5GHz, it comes with 15.6 inch screen, 4GB DDR3L memory, 500GB hard drive and Windows 8. We don't think this is a full HD display, but we could not find the official spec sheet for this one. The notebook comes with an HD ready webcam (1280x720), A68M chipset, Radeon HD 8330 graphics, Gigabit LAN, 802.11b/g/n support, Bluetooth 4.0+HS, 2 USB 2.0 and one USB 3.0, HDMI, VGA as well as dedicated numeric keyboard, multi gesture touchpad and 4 Cell Li Ion 2500 mAh battery.
Gateway has a similarly spec’d Pentium B960 2.2 GHz that is selling for some $50 less, but it will have dramatically worse graphics performance and two instead of four cores.
Toshiba has two similar models for $479 and $499 and they both come with the same 1.5GHz clocked Kabini A4-5000, 17.3-inch widescreen with 1600x900 resolution and this price makes it one of the more affordable ............
You can actually order the Kabini-based Gateway here, or the two Toshibas here and here.
Last modified on Monday, 01 July 2013 08:05
If you look at the Jan and Feb NEAR the money options, you can see a LOT of activity on both sides. Both CALLS and PUTS.
"IT APPEARS" that they are taking OPTION STRANGLE positions where they either BUY or SELL a put/call pair. The action is a volatility play where ..... if the SELL the put/call strangle, they are betting that Intel will end up inside the ranges and they keep the premium.
If they BUY the put/call strangle, they are betting on high volatility and Intel will end up OUTSIDE their strangle range.
The BID/ASK sizes have been bouncing back and forth from the BUY to SELL having the larger blocks. The implied volatility is up in the 70 range and it is normally in the low 20s.
IMO, 50% of them will be right and 50% will be wrong, depending on results. 8-)
Then the dividend payout drops below 40% for a quarter or two Right now, the payout is above 40% so they will be unlikely to change that for the next few quarters.
If you are looking for some extra income, then look at selling a $27 call or $25 put option for APR and make 20 cents per month.
Noone here bought at those prices. Those were bought by index and sector mutual funds, index and sector ETF and by short sellers getting margin calls. If you want to talk to them, you need to go to their board.
I am long but from $20 (as are many on the board) and I bought for the dividend and option trading. The trading patterns in INTC make it pretty nice for routine option selling.
Right now, they are buying $25 Friday Jan 18th put options and selling the $27 call options. Both activities encourage the option market maker to short the stock.
"People always throw stones at fruit bearing trees so I am flattered by your attention. "
I have not heard this before. Sounds like a humorous mixed metaphor.
Other than caring for and harvesting fruit from their trees, trees bearing diseased fruit are cut down and thrown on the fire.
I would love your model to be right but I am afraid she is just a stereotypically "dumb blonde" and technically incompetent. On the positive side, that seems to make you the clueless older guy. My model indicates an 82% chance of my being correct.
I think you should go for your $16 target and hold out for it.
Wow!!! GIG is right up there with Spongebob Squarepants.
Growth & momo cartoon character.
You are really grasping.
Spongebob Squarepants rang the opening bell.
Carrot Top rang the opening bell.
The AFLAC duck rang the opening bell.
Marley the dog rang the open bell.
Billy Ray Cyrus (you know Miley's dad) rang the opening bell.
KISS rang the opening bell.