By David Russell, a reporter at OptionMonster.
The following is a compilation of stories that were published yesterday on OptionMonster.com. OptionMonster was co-founded by Deep in the Money Calls author Pete Najarian and uses advanced monitoring systems to detect trading patterns by institutional traders and retail investors.
Puts sold heavily as MGM declines: Put activity surged in MGM Mirage (MGM) as options traders scrambled to sell protection on the gambling stock.
Costco draws large bullish trade: A large trader is apparently calling a bottom in Costco (COST) shares and writing puts to earn a premium.Tracking the VIX: Group One's Jamie Tyrrell says traders are positioning for higher volatility readings this week, followed by a calmer July. AMD ratio spread: Examining a trade that will profit from a limited move higher by Advanced Micro Devices (AMD). Options bet Brinker is stuck in neutral: Investors sold strangles on Brinker International (EAT), wagering the restaurant company is going nowhere fast. Host Hotels gets vote of confidence: Host Hotels & Resorts (HST) is down, but someone thinks the stock doesn't have much further to fall. Pre-market stories: Eight seventy-five on the S&P 500: Guy Adami predicts a decline on the S&P 500 and tells investors to build a list of stocks they want to own. Traders bet Juniper is slowing: Put buyers have stepped up as the latest rally appears to be running out of steam, and Juniper Networks (JNPR) is just one example of how they're playing this market. Bulls go all in on Monarch Casino: Monarch Casino & Resort (MCRI) is up 57% in the past month, but traders are still betting with the house. UPS runs into heavy put traffic: Shares of United Parcel Service (UPS) fell, and one options trader rolled over an existing bearish position.
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV