QQQ Sep 2019 139.000 put

OPR - OPR Delayed Price. Currency in USD
0.0100
0.0000 (0.00%)
As of 1:34PM EDT. Market open.
Stock chart is not supported by your current browser
Previous Close0.0100
Open0.0100
Bid0.0000
Ask0.0100
Strike139.00
Expire Date2019-09-30
Day's Range0.0100 - 0.0100
Contract RangeN/A
Volume333
Open Interest1.44k
  • Quiet Market Shows Frayed Nerves Ahead of Fed Statement
    Investopedia

    Quiet Market Shows Frayed Nerves Ahead of Fed Statement

    A narrow trading range combined with an increase in the volatility index as investors appear poised to move money from stocks to bonds.

  • Stock Market Today: What to Expect From the Federal Reserve
    InvestorPlace

    Stock Market Today: What to Expect From the Federal Reserve

    It was another relatively quiet session in the stock market today. On Tuesday we saw the SPDR S&P 500 ETF (NYSEARCA:SPY) rally 0.3%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) jump 0.2% and the PowerShares QQQ ETF (NASDAQ:QQQ) climb 0.5%.That's as investors try to get positioned ahead of the Federal Reserve's announcement on Wednesday. It doesn't help that there's a quadruple witching day this Friday, one of four throughout the year, as we roll into the fourth quarter.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Assets Moving Ahead of the FedWhile it's been a relatively calm Monday and Tuesday in the equity markets, the same cannot be said about financial markets over the past month.Earlier this month, we had the SPY, DIA and QQQ break out of their choppy trading ranges. Amid that breakout though, we had a deep correction in high-growth tech stocks like Roku (NASDAQ:ROKU), Alteryx (NYSE:AYX), The Trade Desk (NASDAQ:TTD), Veeva Systems (NYSE:VEEV) and many, many others.We recently caught a nice pullback both in gold and bonds after an absolutely explosive rally in the SPDR Gold Shares (NYSEARCA:GLD) and the iShares 20+ Treasury Bond ETF (NASDAQ:TLT). The latter's decline helped spring a potent rebound in bank stocks, by the way.Finally, how could we forget the move in crude oil. Following a drone strike in Saudi Arabia over the weekend, oil prices were skyrocketing. While they have come down off the highs, and with Saudi production expected to come fully back online in the coming weeks, crude is still up about 7.5% from its closing price last week.To say the Fed has a full plate is putting it lightly. What to Expect From the FedThere is now a greater chance of no rate cut on Wednesday than there is of a rate cut. This has not been the norm over the past few days or weeks, mind you.Currently, the Fed Funds futures are pricing in 52.7% probability the Fed does not raise interest rates tomorrow. The other 47.3% probability calls for a 25-basis point cut. Essentially, a coin flip. * 7 Momentum Stocks to Buy On the Dip Just a day ago, the figures stood at 37.7% probability of no cut and 62.3% chance of a cut. A week ago it was even more drastic. Participants were pricing in a greater than 92% chance the Fed cuts rates, with a less than 10% probability of no cut.Finally, a month ago, the market wasn't even pricing in the chances of no cut. Instead, it was expecting a cut of at least 25-basis points, while there was a 22.3% probability of a 50-basis point cut.Sorry for the deluge of statistics, but they underscore how much can change in a relatively short amount of time. It will be interesting to hear what Fed Chair Jerome Powell has to say about the economy and the recent fluctuations in various assets.With unemployment low and stocks near their highs, it's easy to make the case for "no cut." But if that's the course the Fed chooses, it will surely hear from a chorus of dovish detractors -- as well as President Donald Trump. Movers in the Stock Market TodayShopify (NYSE:SHOP) stock fell 2.7% after the company announced a 1.9 million share secondary offering. The deal is for Class A stock that priced at $317.50, raising just over $600 million for the company. The move comes as little surprise given that Shopify stock is still up roughly 140% in 2019 and after its recent $450 million acquisition.Following Disney's (NYSE:DIS) acquisition of Twenty-First Century Fox, the company is getting to work on its balance sheet. Disney is looking to deleverage a bit after digesting that big $71.3 billion deal, tendering more than $4.2 billion worth of notes. It increased its intended purchases as well.Micron (NASDAQ:MU) caught a price target boost from $55 to $65 at Cascend Securities. The analysts maintain a "buy" rating and believe MU has "good value" after evaluating the DRAM market. Shares ended the day higher by 1.4% at $50.84.Oh, and thank goodness the WeWork IPO is being shelved -- at least for a little while. We had some gripes about that one.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU and TTD. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Momentum Stocks to Buy On the Dip * 7 Dow Titans Breaking Higher * 5 Growth Stocks to Sell as Rates Move Higher The post Stock Market Today: What to Expect From the Federal Reserve appeared first on InvestorPlace.

  • Royce Funds Commentary: Are Healthy Earnings the Dog That Didn't Bark?
    GuruFocus.com

    Royce Funds Commentary: Are Healthy Earnings the Dog That Didn't Bark?

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    Manning & Napier Commentary: September 2019 Perspective

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  • August Productivity Reads Improve Better than Expected
    Zacks

    August Productivity Reads Improve Better than Expected

    Industry Production reached +0.6& and Capacity Utilization posted 77.9% -- both higher reads than expected.

  • Crude Oil Prices Jump Along with Small-Cap Stocks
    Investopedia

    Crude Oil Prices Jump Along with Small-Cap Stocks

    Stocks showed mixed signals as oil prices spiked, with small caps up and large caps down. Investors are fighting risk with risk.

  • Gerstein Fisher Commentary: Accounting Facts and Security Analyst Errors
    GuruFocus.com

    Gerstein Fisher Commentary: Accounting Facts and Security Analyst Errors

    By Gregg S. Fisher, CFA Continue reading...

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    Investopedia

    Small Caps Squeeze Higher as Momentum Unwinds

    After a few weeks of data warning about turbulence in the market, big buying returned in a big way, specifically in small caps.

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    The Largest Canary in a Very Big Coal Mine

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  • In ETFs, the rich aren’t getting much richer
    MarketWatch

    In ETFs, the rich aren’t getting much richer

    The types of funds that investors are favoring and pulling money out of shows a desire to hedge against volatility and to pick up some income.

  • GuruFocus.com

    Brandes Funds Commentary - Dangerous Thinking: This Time Is Different

    'The four most costly words in the annals of investing' Continue reading...

  • Stock Market Today: Don’t Get Me Started on the WeWork IPO
    InvestorPlace

    Stock Market Today: Don’t Get Me Started on the WeWork IPO

    It was another good day in the stock market today, as equities pushed higher in Friday morning trade. It's not hard to see that bulls are getting tired though, as equities faded off their opening highs.The SPDR S&P 500 ETF (NYSEARCA:SPY) fell 0.1%, the SPDR Dow Jones Industrial Average (NYSEARCA:DIA) rallied 0.1% and the PowerShares QQQ ETF (NASDAQ:QQQ) dropped 0.4%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe rebound in equities has been a continuous story line for investors over the past two weeks. And so have the disastrous developments of the WeWork IPO. What's Up With WeWork?WeWork is a real estate company that provides shared office spaces for startups and other businesses.The idea of WeWork is an excellent alternative to building and office leases, providing startups, potential clients and teams a rich collaborative environment. But that's not how investors are looking at it. In short, they don't trust WeWork.Earlier this year, SoftBank (OTCMKTS:SFTBY) threw money at WeWork, valuing the cash-burning entity at $47 billion after it invested $2 billion. Now? Reports of a continually lower IPO valuation keep circulating. The latest calls for a $10 billion IPO valuation -- a whopping 78% reduction from the valuation it garnered when SoftBank invested -- and that's after SoftBank said the company should shelve its IPO plans.It's just the latest example of another private-equity unicorn garnering a valuation way ahead of its skis and paying the piper in the public market. Uber (NYSE:UBER) and Lyft (NASDAQ:LYFT) paid the price right out the gate, and while it took some time, Slack (NYSE:WORK) is suffering too.Accord to WeWork's U.S. Securities and Exchange Commission Form S-1, the company reported sales of $436 million in 2016, $886 million in 2017 and $1.8 billion in 2018. That's pretty solid growth. However, operating losses have exploded. WeWork had operating losses of $396 million in 2016, $931.8 million in 2017 and $1.7 billion last year.In the first six month of 2019, WeWork has revenue of $1.5 billion and operating losses of $1.4 billion. How is this model sustainable? Further, its structure couldn't be more complicated. Have a look (again, from the S-1):Finally, co-founder and CEO Adam Neumann raises some red flags. For instance, by buying properties and then leasing them back to his own company. Or Neumann being a managing member of an LLC that owned the "We" trademark that then sold said trademark to WeWork when it rebranded as The We Company for a cool $5.9 million.I don't know Neumann personally -- obviously -- but what kind of founder-CEO does this type of stuff? There are 10 pages of disclosures on Neumann in the S-1, who has voting control via a three-class share structure. In June, three former executives launched a lawsuit against We ranging from sexual harassment to age discrimination.Lastly, We saw its lease obligations jump from $34 billion to $47 billion in the first six months of 2019. How's the company going to cover those obligations as its operating losses swell and without free cash flow? What's it going to do when -- not if -- a recession strikes, either in the U.S. or globally, or both?These are serious questions that need serious answers. I'm not trying to dog on We, but man, you do not see a pre-IPO show turn into a circus act with a near-80% haircut in valuation without there being some serious flaws.If this company ultimately goes public, be sure to do your due diligence. Movers in the Stock Market TodayOne IPO that's not disappointing investors -- like SmileDirectClub (NASDAQ:SDC) on Thursday -- is Cloudflare (NYSE:NET). Shares jumped 20% on the day, closing at $18. Despite pricing at $15 per share, well above its original $12-$14 range, shares still found a bevy of buyers on Friday.Apple (NASDAQ:AAPL) stock sank 1.9% on Friday, after enjoying strong gains for most of the week. Despite rallying after unveiling its new iPhone, streaming plans and other products on Tuesday, not everyone is on board.One Rosenblatt analyst sees lower demand for the iPhone 11 and argues that sales could disappoint. He has a "sell" rating and Street-low $150 price target. Another analyst from Goldman Sachs says that Apple's plan to offer one year of Apple TV+ for free when customers purchase certain new devices could have a "material negative impact."Finally, one last analyst take is on Disney (NYSE:DIS). Remember, Disney, Netflix (NASDAQ:NFLX) and Roku (NASDAQ:ROKU) all fell when Apple announced its new streaming product.However, analysts at Cowen noted that Disney's strength at the box office this year could make for a very difficult comp next year. To be honest, it's hard to argue that point, but Cowen must still be optimistic, maintaining a $154 price target.Next week we'll hear from the Federal Reserve. Not more than a few weeks ago, the market was pricing in a 100% probability of at least one rate cut. Even on Thursday, the odds stood at about an 89% probability of a rate cut and an 11% chance of no cut. On Friday, the odds of no cut jumped to 20.4%. Hmm.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS and AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Big IPO Stocks From 2019 to Watch * 7 Discount Retail Stocks to Buy for a Recession * 7 Stocks to Buy Benefiting From Millennial Money The post Stock Market Today: Dona€™t Get Me Started on the WeWork IPO appeared first on InvestorPlace.

  • GuruFocus.com

    Charlie Munger: The Lollapalooza Effect and How It Affects the Stock Market

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  • Paul Singer Hedges His Portfolio against a Recession
    Market Realist

    Paul Singer Hedges His Portfolio against a Recession

    Paul Singer increased his holdings in QQQ put option contracts by 22%. He reduced his holdings in QQQ call option contracts by 60% on a sequential basis.

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    Zacks

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    August Retail Sales reached +0.4%, easily surpassing the +0.1% estimate. Imports fell to -0.5% and Exports were -0.6%.

  • ETF Trends

    U.S. Stock ETFs Jump on ECB Stimulus, China Trade Talk Hopes

    U.S. markets and stock exchange traded funds rallied Thursday after the European Central Bank revealed its intent to support the Eurozone economy and positive developments on U.S.-China trade. On Thursday, ...

  • Stock Market Today: Small Caps Are Back?
    InvestorPlace

    Stock Market Today: Small Caps Are Back?

    It was another positive day on Wall Street, with stocks closing near their highs on Wednesday. Again, small-cap stocks stole the show in the stock market today.All week, we've been pointing out the outperformance of the Russell 2000. That strength was on display as the iShares Russell 2000 ETF (NYSEARCA:IWM) closed higher by 2%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThat easily outpaced the SPDR S&P 500 ETF (NYSEARCA:SPY) and the SPDR Dow Jones Industrial Average (NYSEARCA:DIA), which rallied 0.7% and 0.9%, respectively. It also topped the 0.9% rally in the PowerShares QQQ ETF (NASDAQ:QQQ).The IWM is now up almost 5% just this week, easily topping the roughly 50 basis appreciation in the S&P 500. The ETF has also seen a few strong days of accumulation, causing some to wonder whether small caps are set to start closing that gap.While the IWM may be coming into some possible resistance, continued momentum could kick-start a breakout. Movers in the Stock Market TodayShares of Apple (NASDAQ:AAPL) barreled to their highest level in about a year, rising 3.2% to $223.59. The move comes on a two-fold catalyst. First, the company introduced its new iPhone and other products set to launch over the next few weeks. Second, the stock was on the cusp of a big breakout, which is taking place now.If only Zscaler (NASDAQ:ZS) could say the same thing. Shares were down 20% on the day, despite the company beating on earnings and revenue expectations. However, the midpoint of management's full-year guidance came up short of consensus estimates for both revenue and earnings. * 10 Stocks to Sell in Market-Cursed September Restoration Hardware (NYSE:RH) initially opened lower, but then jumped 4.8% to new highs. The move comes after the company reported yet another beat-and-raise quarter.Side note: RH and IWM are two stocks on Wednesday's Top Stock Trades column.Dave & Buster's Entertainment (NASDAQ:PLAY) shares fell more than 4% after the company reported earnings. The company beat on earnings, reported in-line revenue and missed on comp store sales results.GameStop (NYSE:GME) took it on the chin, falling more than 10% after the company missed on earnings and revenue estimates, and provided worse-than-expected guidance. The only seemingly good news is that shares rallied hard off the lows and did not make new 52-week lows.Another retailer that's struggling? Forever 21, which is expected to file for bankruptcy as early as this weekend. Heard on the StreetCisco Systems (NASDAQ:CSCO) climbed 1.7% and is looking to reclaim $50 after it was initiated with an "outperform" rating and $60 price target from the analysts at Evercore ISI.Hilton Worldwide Holdings (NYSE:HLT) jumped about 1.7% on the day, closing at $95.21. The move came after Bernstein analysts initiated shares with an "outperform" rating and $108 price target. It implies almost 14% upside from Wednesday's close.Finally, shares of Callaway Golf (NYSE:ELY) were upgraded to "outperform" at Raymond James. The analysts are using a $21 price target, implying more than 10% upside from current levels. That's even after the stock's nearly 26% rally so far this year and 5.5% rally on Wednesday.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell was long AAPL. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post Stock Market Today: Small Caps Are Back? appeared first on InvestorPlace.

  • GuruFocus.com

    Are Diversification Features for ETFs Illusory?

    Top-heavy tech grouping has eroded many funds' diversification component Continue reading...

  • ETF Trends

    Tech Rally, Looser Monetary Policy Outlook Lift U.S. Stock ETFs

    U.S. markets and stock ETFs climbed Wednesday as technology shares strengthened following Apple’s launch of its latest iPhones and as markets look to supportive central banks. On Wednesday, the Invesco ...

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    Value Investing Dead? It Is According to This Study

    A new study shows that value has been underperforming for longer than many young investors realize Continue reading...

  • PPI Numbers Positive, but Lukewarm
    Zacks

    PPI Numbers Positive, but Lukewarm

    A headline of +0.1% for August is roughly ahead of the breakeven analysts were expecting, and down from the unrevised +0.2% from July.

  • Risk-On Sentiment Resumes
    Investopedia

    Risk-On Sentiment Resumes

    Small caps extended their sharp rally as large caps stagnated. Gold accelerated its pullback, and bond prices also tumbled.