Day Trading News
News on Day Trading continually updated from thousands of sources around the net.
38 min ago | SchaeffersResearch.com
Well, it's a December to Remember so far in the market, especially if you were rooting for a decline.
What Do You Know About Conspiracy Theories?
Should public schools teach Evolution or Creationism?
It should also be noted that short interest on the semiconductor name climbed by 15.1% during the most recent reporting period, and now accounts for a hefty 19.5% of the stock's available float.
As it turns out, the equity is trading north of its upper Bollinger Band, and its Relative Strength Index is docked at 70. These are two indications that Las Vegas Sands Corp. is swimming in overbought waters, and could be poised for a consolidation in the near term.
By initiating the long calls, today's traders are hoping shares of T advance from their current perch at $34.46 past the strike price by the closing bell on Dec. 20, when the options expire.
Wednesday's trade mid day was a little concerning as the Qs were pushing on lows - but that changed and the markets rallied a bit into the close - again, more so on the NASDAQ than on the NYSE - as the relative out performance continues.
Once upon a time, an ordinary investor -- call him Joe -- would take some of his retirement savings and put it into a giant brand-name mutual fund that advertised in the Sunday paper.
The Dow Jones Industrial Average is lingering just below breakeven at midday, with the blue-chip barometer down 1.2 points, or 0.01% at 15,913.47 .
"It was a slow day, and the big selling we've been seeing over the past few sessions slowed," said Schaeffer's Senior Technical Strategist Ryan Detrick, CMT.
The CBOE Volatility Index has closed in the black for the last six sessions, and after a morning trip into negative territory, the market's fear barometer is higher once again, at 15.71 .
Still, there is plenty of skepticism levied against Herbalife Ltd. Short interest climbed by 1.8% during the last two reporting periods, and now these bearish bets account for a lofty 27.3% of the equity's available float.
Cyber Monday gains . Roughly 44,000 puts changed hands during the course of the session, which was more than double the equity's average single-session volume.
As such, bears have flocked to the options pits to wager on additional downside, as KKD's current put volume is outpacing its intraday average by a roughly nine-fold margin.
Elsewhere, option traders are focusing on BBRY's front-month options, particularly the December 6 put .
The stock, however, has rallied roughly 45% in the ensuing months, and was last seen lingering near $8.22 .
The Dow Jones Industrial Average is on pace to lose its perch atop the 16,000 mark, with futures pointed lower ahead of the bell.