Open interest doesn't appear to be changing. Bid ask is approx. .25 but the enormous action on calls and not puts leads me to believe somebody is betting big on a big updraft in stock price. The deep in the money calls may be to avoid scrutiny.
Anybody got any idea why 20,000 22 calls and 75,000 25 calls were traded today? That's 9.5 million shares for Jan 16. I have my ideas but would like other peoples opinion. TIA
With the end of the fiscal year for most investment companies tomorrow I see a big change coming after this week is over. The tax loss selling will abate, the annual run up will begin, and most importantly we are no longer over bought. The icing on the cake is Ashraf Eassa's deluge of articles bashing INTC. We used to expect a Qtr. bashing from Covello, Mosemann, and company, but it appears their usefulness has worn thin. The new hired gun is Ashfaf Eassa. Instead of living off his 2 cent clicks, he's most likely supplementing his articles by the big boys with an agenda paying big money for each article he writes creating doubt about INTC.
Looks like tax loss selling is hitting a crescendo today for tax loss selling. Wonder what fund wants out so bad that they will throw away their shares before Fri? With low volume all week, you would think they would hold on to their shares and ride the buyback next week when the institutions will want the shares back.
Funny how you use IBM as the holy grail when they are under investigation by the SEC.
If INTC goes up another $1.50 Jimmy boy will be right on target - if INTC also does a 2 for 1 split. JMO
INTC must be getting ready to make processors for APPL. Main give away is Eassa is pounding the table with 2 more articles this morning saying it isn't so. Claims BK says new foundry business won't move the needle. Do you really believe that anyone negotiating a big deal would publically comment on it before it's a done deal?
Possible but I don't think its probable. Europe's big dump was due to 2 things. First and foremost was the fed not raising rates. This put Europe at a disadvantage with their higher prices. the dollar won't get stronger and they wont get a free ride to keep their GDP rising. Second, Greece just reelected the left wind socialist and are anticipating them welching on their agreement. The US is in sympathy with them, but more importantly the mutual funds are unloading losers and going to cash for the year end to make their performance look better. They will continue to issue negative press to keep the prices down thru Sept and into Oct. In Oct they will buy back the stocks and continue to issue negative press until they have bought their positions back and more of the ones they want. This will be done at the little guys expense. Happens every year.
With the increase in merger mania in the tech sector, the 64 dollar question is who is going to buy INTC? With INTC priced for a going out of business and all the great products coming out, the real question is what company will step up to the plate and claim all these great innovations for their own? 3 immediate contenders that would stand to reap a fortune would be MSFT, AAPL and GOOG. Any one of these are big enough to pull it off and put the other 2 companies at a huge disadvantage. It will happen soon if INTC doesn't get their PE up to a respectable level soon. It's very easy to make a case for any of the 3,the real question is which company will see it and act on it first or could it spark a bidding war? Either way they would get my shares and I would end up with a much better run company. JMO
A smart sports bra with an Intel chip inside makes debut at New York Fashion Week. I'll bet even boob patrol will have an interest in this. Wonder how it responds in the frozen food section?
In the midst of the recent breakneck volatility, two money managers responsible for tens of billions of dollars of client money told CNBC on Monday they were divided on whether buying the dips in the stock market can continue to be a winning strategy.
Richard Weiss, who runs $25 billion at American Century Investments, told "Squawk Box" that buying the dips can work for investors with a "very long term" time horizon or a "high risk tolerance."
"[But] by anyone's estimation this recovery, this bull market, is long in the tooth. So what may have worked over the last five, six [or] seven years is not likely going to be the winning investment strategy over the next one or two years," he said.
"We're at a transition point here likely with what's going on over in China; the Fed trying to reload; [and] earnings decelerating as opposed to accelerating as they have been over the last several years," Weiss said. "It's really hard to see where we're going to get a shot in the arm for the recovery or the bull market."
He recommended overweighting defensive sectors such as consumer staples, health care and technology , which typically outperform in the latter stages of an economic recovery.