Options

Carter Worth Says Best Buy Losing Momentum (BBY)

Carter Worth said on CNBC's Options Action show that it appears as if shares of Best Buy (NYSE: BBY) may be running out of momentum. He cited the fact that the stock has rallied sharply in the last month and did not move appreciably higher after being upgraded at Goldman Sachs yesterday.

Look To Add Short Exposure Going Into Next Week

If you are a short term trader, it is time to consider locking in some gains on the long side of your portfolio and increasing your short exposure going into next week. This weekend, Wall Street will be watching the healthcare vote with keen interest. It would seem that if the bill passes, as is expected, it could cause investor uncertainty about the political environment in Washington D.C.

James Altucher's Favorite Under $5 Stock: Star Scientific (CIGX)

In an article on Seeking Alpha, James Altucher says that all stars seem to be aligned for a small-cap stock, Star Scientific (CIGX), whose shares he also possesses. Star Scientific is the manufacture of products such as CigRx, which help people overcome their smoking habits.

Revisiting the UNG

With Natural Gas inventories grossly missing expectations for the past few weeks (coupled with bad fundamentals and a bad chart), the United States Natural Gas Fund (NYSE: UNG) has been falling like a stone. I have been an early and repeat short in the name and have suggested many times for readers to short as well.

Call Spread Purchased in AMR

Parent company of American Airlines, AMR Corp (NYSE: AMR) is receiving a bull call spread this morning that suggests that the stock will break to new 52-week highs in April. Just a short while ago the April $10/12 call spread was purchased 4,655 times.

Large Trade in Hartford

After shooting higher over the past three days, Hartford Financial Services Group (NYSE: HIG) is taking a breather today, currently down less than 1.0% to $28.30. The company recently announced that the company may raise as much as $2.25 billion by selling a mix of common and preferred shares to repay the TRAP loans it took from the U.S. Government.

United Health to Fall?

United Health (NYSE: UNH) has been trading sideways for the better part of four months and has currently fell to the lower end of the range; it is also pushing near the lower end of the Bollinger Band.

Puts Purchased in Royal Caribbean

Royal Caribbean (NYSE: RCL) has enjoyed a monster breakout since late February, jumping from $25.45 to its current price of $31.49 during that period. One trader seems to be betting that the stock will make another significant move, though they are not sure which way it may run.

Smithfield Receives Bull Trade

Pork processor and hog producer, Smithfield Foods (NYSE: SFD), is jumping higher this morning by over 2.70%, currently trading $18.95. The company recently announced better than expected earnings results, but the stock slowly sold off. It appears that traders are attempting to get back in now; options traders are in pursuit as well.

Clorox Corporation Marches Higher On Takeover Speculation (CLX)

Clorox Corporation (NYSE: CLX) options are active today on chatter of a takeover. CLX shares have been subject to chatter for a few months with nothing materializing. Since the first of the year, Clorox share price has seen a steep rise off the 59 level.
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