LONDON, July 26- Hedge funds and other money managers have begun to amass another large short position in futures and options contracts linked to the price of crude oil. Hedge funds increased their short positions in NYMEX WTI futures and options from 53 million barrels on May 31 to 141 million barrels on July 19, anticipating a further drop in prices. » Read More
Bausch & Lomb is likely to stick to its agreement to be acquired by Warburg Pincus for $3.67 billion, or $65 per share in cash, reported CNBC's David Faber.
Shares of Tellabs surged 19 percent Monday, after a financial news Web site reported the U.S. telecommunications equipment maker was entertaining a $7 billion bid by a joint venture of Nokia and Siemens.
Schering-Plough on Monday said second-quarter earnings more than doubled, driven by growing demand for its Zetia and Vytorin cholesterol drugs and its treatments for arthritis and allergies.
The flurry of quarterly results is set to continue in the coming week and options trading volume has been pointing to a number of earnings plays that are on the radar of traders.
China may be known for a lot of things--its rich culture, its gastronomic delights, its burgeoning economy. But I bet you'd never, ever guess that it's also got a budding, European style wine industry. I visited the ninth biggest winery today, in the northwest corner of Beijing. Amid the wide roadways, the construction sites and scores of people who simply have no fear of moving vehicles sits the Dragon Seal winery.
One area of trading that has seen explosive growth this year is the options market. Year over year trading volume in June jumped over 30% and is up 25% for the first half of the year, according to the Options Industry Council.
Options speculators chasing after rumors that Lehman Brothers would be forced to announce exposure problems to subprime derivatives paid little attention to the firm even after it called the rumors "unfounded".
Despite the Dow's move above 14,000, there’s evidence from the Volatility Index, or VIX, that investors are preparing for more volatility in the market.
While Vodafone itself has debunked a story in FT.com's Alphaville blog that Vodaphone was "mulling" a $160 billion takeover of Verizon, Verizon options have been actively traded.
Speculation in London newspapers over the weekend about a potential $50 billion offer on the way for Alcoa from BHP Billiton is among the largest of possible deals for traders to focus on today.
Energizer's $1.16 billion bid for small consumer products company Playtex Products may be the starting point for more deals in what has been a quiet sector lately.
Today wasn't an all-time high for the Nasdaq, but there were plenty of investors who snapped up shares of semis and networking stocks. More than a few big cap techs posted multi-year highs on bullish predictions ahead of earnings, which kick off next week.
Rather than reaching for the Dramamine, many options market speculators are seeing opportunity in increased stock market volatility through purchasing call options tied to the Volatility index.
Despite anxiety over subprime loans, tightening credit and weak housing, the U.S. stock market seems to keep bouncing back. Why? On "Morning Call," Bill Schultz, chief investment officer at McQueen, Ball & Associates, and David Dietze, president & chief investment strategist at Point View Financial Services, offered their takes.
Those who bought Alcoa July call options on Monday managed to catch a break in spite of lackluster quarterly results. Late Monday the aluminum maker posted revenue figures below analysts' estimates -- the very type of news that can hammer a company's shares and evaporate the value of call options.
A fire is burning under options of two well known retailing names: Target and Macy's.
While Wall Street coasted into a sleepy pre-holiday finish on Tuesday, options in Hilton Hotels were actively traded as shares of Hilton rose in the abbreviated trading session.
The Chicago Board Options Exchange, the largest U.S. options market, said it will list options on The Blackstone Group starting on Monday.
On "Morning Call," two strategists agreed--naturally enough--that interest rates are a prime stock market mover. But they split on where rates and stocks are headed as the economy enters the fiscal year's second half. Ned Riley, CEO of Riley Asset Management, and Alan Lancz, president of Alan B. Lancz & Associates, offered their predictions to CNBC's Carl Quintanilla.
Stocks may open higher after early weakness on this final day of the second quarter. European markets are mostly lower, and Asia was mixed with Tokyo up 1%. The discovery of an explosive device in a car in London impacted market tone in Europe.