Daily Market Update – February 7, 2014

 

  

(see all trades this option cycle)

 

Daily Market Update – February 7, 2014 (9:00 AM)

The Week in Review will be posted by 6 PM and the Weekend Update will be posted by Sunday 12 Noon.

The following outcomes may be possible today:

 

Assignment:  EBAY, GPS*, MET

Rollover:   BMY, TXN, WAG

Expiration:  AIG, ANF,  CHK, CLF, HFC,

 

* GPS unexpectedly announced sales, revenues and improved guidance after yesterday’s close, sending stock higher in the after-hours. The decision and announcement to do so was likely made yesterday or after Wednesday’s trading close, as there was a tremendous increase in the remaining time value of the 2/7/14 option on Thursday morning. Additionally, there was a tremendous spike in option volume at about 9:45 AM, accounting for nearly the entire day’s volume, suggesting something substantive occurred between Wednesday’s close and Thursday’s open. The same spike in option premium did not extend into the next week, suggesting that there would be some event occurring prior to the close of the week’s trading.

 

 

 

 

 

 

 

 

 

 

 

 

 

  

  Access prior Daily Market Updates by clicking here

 OTP Sector Distribution* as of February 6, 2014

 * Assumes equal number of shares in positions

 

 

 

 

 

 

 

 

 


 

 

 

 

 

 

 

 

 

Posting of trades is not a recommendation to execute trades

 

Monday through Thursday? See “Daily Market Update” with first edition published by 12 Noon and Closing Update published by 4:30 PM

Friday? See Week in Review for summary statistics and performance

Sunday? See Weekend Update for potential stock choices for coming week

Any day? See Performance for open and closed positions

Subscribers may see  ROI statistics  on all new, existing and closed positions on a daily updated basis

 

 

 

 

 

 

 

 

 

 

See all Trade Alerts for this monthly option cycle