Weatherford International’s stock options volume jumped off of the chart yesterday. Call option and put option volume was inordinately high for Weatherford. There didn’t appear to be any significantly related news for Weatherford yesterday. They announced that their next earnings report is scheduled for January 26, 2010, but such a far off event shouldn’t create a spike in stock options volume.
Sometimes when making lemonade there’s just not anymore juice that can be squeezed out of a lemon. In investing, there’s a similar idea with shorting a stock, sometimes the investors shorting the stocks have piled on so much, there’s no way for the stock to go down anymore. In general, short sellers of a stock have to close or buy back the stock they shorted at some point. There are the cases where the company goes bankrupt and the stock ceases to trade anymore, but in most cases short sellers have to exit.
Dana’s (DAN) call option volume popped up on the radar yesterday, apparently somebody thinks Dana’s upcoming earnings report scheduled for November 3 will be positive. Dana specializes in design and manufacture of axles, drive shafts and other related components for vehicle manufactures. Dana’s automotive customers haven’t been faring to well the last couple of years and neither has Dana.
Monsanto’s (MON) stock option volume went into orbit yesterday and its stock price was down 6% as well. Monsanto’s call option and put option both went berserk yesterday. If you’re in the farming business, Monsanto is your best friend. Monsanto provides agricultural products for farmers on a global basis. Some of Monsanto’s leading brands include: Accleron TM, Asgrow®, DEKALB®, Deltapine®,De Ruiter Seeds, GenuityTM, Roundup®, Roundup Ready®, Seminis®, VistiveTM, YieldGard®, and YieldGard VTTM.
Carpenter Technology’s (CRS) put option volume was significantly high on Friday of last week. Carpenter’s stock price was also down 6% on Friday.
Citrix Systems (CTXS) call option volume was up yesterday and the company’s stock price was down about 4%. Citrix’s products enable its customers to host software on a centralized server. This enables its customers to decrease costs for supporting software applications. Instead of having hundreds of remote PC’s to keep up-to-date, support staff only has to keep the centralized server up-to-date.
Gilead Sciences (GILD) call option volume went ballistic yesterday, a day after it reported earnings. Its stock price was down slightly as well. If you’re sick, Gilead Sciences may have just the drug for you. Gilead develops, licenses and markets a number of drugs including: Truvada, Viread, Atripla, Emtriva, Hespera, AmBisome, Flolan, Vistide, Tamiflu, Macugen, Letairis and Cicletanine.
Comtech Telecommunications (CMTL) call option volume was higher than normal yesterday. Comtech’s stock investing price was also up almost 4% yesterday.
Akamai’s (AKAM) call option volume was out of the ordinary yesterday. Akamai’s stock price was up a little over 3% yesterday as well. If you need your website performance improved, Akamai is the company for you. Akamai provides products and services for accelerating Internet delivery. Akamai claims it handles 20% of Internet traffic.
NetEase’s (NTES) stock option volume went ballistic yesterday, both call option and put option. NetEase’s stock price was also down 5% on high volume. NetEase operates interactive online applications in China. It provides products in three segments: online game services, advertising services and wireless value-added services.