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OPTIONS
Brian Stutland of Stutland Equities has spotted a lot of upside bets in the options world.
“I’m seeing out of the money call buyers and out of the money put sellers,” Stutland says. “That’s a lot of bullish activity.”
”And we did not see volatility rise a whole heck of a lot when the stock dropped a couple weeks ago. That’s bullish also.”
Stutland likes the stock and thinks a dip in the wake of earnings would present an opportunity. “I’d be a buyer,” he concludes.
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OTHER INSIGHTS
Guy Adami thinks the stock may be in no man's land. "Boeing has bounced nicely off $59.84 on June 8th," he explains. "We’re about 50% from the mid-April high of $76. I think that maybe we stall here."
Boeing almost always trades on orders not so much on earnings, reminds Patty Edwards. We may have seen the best pop we're going to see.
I'd play downstream with Precision Castparts, adds Joe Terranova.
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Trader disclosure: On July 26, 2010, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami owns (AGU), (BTU), (NUE), (C), (GS), (INTC), (MSFT); Adami’s wife works at Merck; Finerman owns (AAPL); Finerman's firm owns (BP) calls; Finerman's firm owns (PM); Finerman's firm owns (JPM); Finerman owns (JPM); Finerman's firm owns (BAC); Finerman owns (BAC); Finerman's firm is short (IJR); Finerman's firm is short (MDY); Finerman's firm is short (IWM); Finerman's firm is short (SPY); Grasso owns (ASTM), (ABK), (BAC), (BA), (BGP), (C), (CSCO), (DYN), (JPM), (LPX), (MO), (NDAQ), (PFE), (PRST); Kelly owns (BP) puts; Kelly is short (GS); Terranova owns (AMZN), (EMC), (CREE), (CRCM), (LRCX), (COP), (AXP), (BMO), (CSX), (PEP), (CVS), (GS), (PCP), (C), (GLD), (APA), (FCX), (JOYG), (MMM), (MOS), (GLD), (UAUA), (WYNN), (GOOG), (BBY), (SU), (KOL)
For Steve Grasso
Stuart Frankel & Co and it’s partners own (BAX)
Stuart Frankel & Co and it’s partners own (COG)
Stuart Frankel & Co and it’s partners own (CUBA)
Stuart Frankel & Co and it’s partners own (DHR)
Stuart Frankel & Co and it’s partners own (DYN)
Stuart Frankel & Co and it’s partners own (GERN)
Stuart Frankel & Co and it’s partners own (HSPO)
Stuart Frankel & Co and it’s partners own (IP)
Stuart Frankel & Co and it’s partners own (MERC)
Stuart Frankel & Co and it’s partners own (NWS.A)
Stuart Frankel & Co and it’s partners own (NYX)
Stuart Frankel & Co and it’s partners own (PDE)
Stuart Frankel & Co and it’s partners own (PFE)
Stuart Frankel & Co and it’s partners own (PRST)
Stuart Frankel & Co and it’s partners own (RDC)
Stuart Frankel & Co and it’s partners own (SYMC)
Stuart Frankel & Co and it’s partners own (TBT)
Stuart Frankel & Co and it’s partners own (TLM)
Stuart Frankel & Co and it’s partners own (TRV)
Stuart Frankel & Co and it’s partners own (XRX)
Stuart Frankel & Co and it’s partners own (SDS)
Stuart Frankel & Co and it’s partners are short (QQQQ)
For Brian Kelly
Accounts managed by Kanundrum Capital own (ELX)
Accounts managed by Kanundrum Capital own (QLGC)
Accounts managed by Kanundrum Capital own (BIG)
Accounts managed by Kanundrum Capital own (GME)
Accounts managed by Kanundrum Capital own (TLT)
Accounts managed by Kanundrum Capital own (NWL)
Accounts managed by Kanundrum Capital are short (GLD)
Accounts managed by Kanundrum Capital are short (EWO)
Accounts managed by Kanundrum Capital are short (EWI)
Accounts managed by Kanundrum Capital are short the Euro
Accounts managed by Kanundrum Capital are short the UK Pound
Accounts managed by Kanundrum Capital are short (JOE)
Accounts managed by Kanundrum Capital are short (IWM)
For Joe Terranova
Terranova works for (VRTS)
Terranova is chief market strategist of Virtus Investment Partners, LTD.
Virtus Investment Partners owns more than 1% of (CASS)
Virtus Investment Partners owns more than 1% of (LDR)
Virtus Investment Partners owns more than 1% of (LPHI)
Virtus Investment Partners owns more than 1% of (MGRC)
Virtus Investment Partners owns more than 1% of (XLB)
Virtus Investment Partners owns more than 1% of (XLP)
Virtus Investment Partners owns more than 1% of (XLY)
Virtus Investment Partners owns more than 1% of (XLI)
Virtus Investment Partners owns more than 1% of (XLK)
Virtus Investment Partners owns more than 1% of (XLU)
Virtus Investment Partners owns more than 1% of (SUBK)
Virtus Investment Partners owns more than 1% of (WDFC)
Virtus Investment Partners owns more than 1% of (YDNT)
Virtus Investment Partners owns more than 1% of (DRYS)
For Dennis Gartman
Funds Managed by Dennis Gartman Own (FCX), (PCU), (XLB), (IYT)
For Mike Khouw
Cantor Fitzgerald makes a market in (MEE)
For Niamh Alexander
KBW expects to receive or intends to seek compensation for investment banking services from Nasdaq OMX Group in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in Nasdaq OMX Groupsecurities.
KBW expects to receive or intends to seek compensation for investment banking services from CME Group, Inc. in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in CME Group, Inc.securities.
KBW has received compensation for investment banking services from CBOE Holdings, Inc in the past 12 months.
KBW has managed or co-managed a public offering of securities for CBOE Holdings, Inc in the past twelve (12) months.
KBW currently makes a market and/or acts as a liquidity provider in CBOE Holdings, Inc securities.
CBOE Holdings, Inc currently is, or was during the 12-month period preceding the date of distribution of this report, a client of KBW.
KBW expects to receive or intends to seek compensation for investment banking services from Intercontinental Exchange, Inc. in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in Intercontinental Exchange, Inc.securities.
KBW expects to receive or intends to seek compensation for investment banking services from NYSE Euronext in the next three months.
KBW currently makes a market and/or acts as a liquidity provider in NYSE Euronextsecurities.
Keefe, Bruyette & Woods is a member of the New York Stock Exchange.
For Mark Gilman
***No Disclosures***
For Gary Shilling
***No Disclosures***
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