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Dan Nathan spoke on CNBC's Options Action about a high options activity in SPDR S&P Metals and Mining (ETF) (NYSE: XME) on Thursday.
The options trading volume was three times higher than the average daily options volume and the most of the traded volume was in puts, explained Nathan. When the ETF was trading at $22.85, he noticed there was a buyer of 50,000 contracts of the September 20/15 put spread for $1.12.
The breakeven for the trade is at $18.88 or 16 percent lower from the current price and it can maximally make a profit of $3.88. Nathan said this trade could be a bearish bet or a hedge.
Posted-In: Dan Nathan Options ActionCNBC Options Markets Media
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Hot Long Term Companies To Invest In Right Now: Williams-Sonoma Inc.(WSM)
Williams-Sonoma, Inc. operates as a specialty retailer of home products. It offers culinary and serving equipment, including cookware, cookbooks, cutlery, informal dinnerware, glassware, table linens, specialty foods, and cooking ingredients; and bridal and gift items under the Williams-Sonoma brand name. The company also provides home furnishing categories, including furniture, textiles, decorative accessories, lighting, and tabletop items under the West Elm brand name; bed and bath products under the Pottery Barn brand name; and children?s furnishings and accessories under the Pottery Barn Kids brand name. Williams-Sonoma, Inc. sells its home products through four retail store concepts, which include Williams-Sonoma, Pottery Barn, Pottery Barn Kids, and West Elm; six direct-mail catalogs that comprise Williams-Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Bed and Bath, PBteen, and West Elm; and six e-commerce Websites, which consist of williams-sonoma.com, potte rybarn.com, potterybarnkids.com, pbteen.com, westelm.com, and wshome.com. As of January 30, 2011, it operated 592 stores, including 260 Williams-Sonoma, 193 Pottery Barn, 85 Pottery Barn Kids, 36 West Elm, and 18 outlet stores located in 44 states of the United States; Washington, D.C.; Canada; and Puerto Rico. The company was founded in 1956 and is headquartered in San Francisco, California.
- [By Monica Gerson]
Williams-Sonoma, Inc. (NYSE: WSM) is estimated to post its quarterly earnings at $0.50 per share on revenue of $1.08 billion. Williams-Sonoma shares gained 1.50 percent to close at $50.88 on Tuesday.
- [By Monica Gerson]
Williams-Sonoma, Inc. (NYSE: WSM) is projected to post its quarterly earnings at $0.50 per share on revenue of $1.08 billion.
Infoblox Inc (NYSE: BLOX) is expected to post its quarterly earnings at $0.05 per share on revenue of $84.96 million.
- [By Monica Gerson]
Wall Street expects Williams-Sonoma, Inc. (NYSE: WSM) to post its quarterly earnings at $1.58 per share on revenue of $1.62 billion. Williams-Sonoma shares declined 0.14 percent to $58.13 in after-hours trading.
Hot Long Term Companies To Invest In Right Now: Allegheny Technologies Incorporated(ATI)
Allegheny Technologies Incorporated produces and sells specialty materials and components worldwide. The company operates through two segments, High Performance Materials and Components; and Flat-Rolled Products. The High Performance Materials and Components segment provides various high performance materials, including titanium and titanium-based alloys; nickel-and cobalt-based alloys and superalloys; zirconium and related alloys, such as hafnium and niobium, advanced powder alloys, and other specialty materials, in long product forms of ingots, billets, bars, rods, wires, shapes and rectangles, and seamless tubes, plus precision forgings, castings, components, and machined parts. This segment serves aerospace and defense, oil and gas, chemical process industry, electrical energy, and medical markets. The Flat-Rolled Products segment offers stainless steel, nickel-based alloys, specialty alloys, and titanium and titanium-base d alloys in various product forms comprising plates, sheets, engineered strips, and precision rolled strip products, as well as grain-oriented electrical steel sheets. This segment serves oil and gas, chemical process industry, electrical energy, automotive, food processing equipment and appliances, construction and mining, electronics, communication equipment and computers, and aerospace and defense markets. The company sells its products through direct sales and independent representatives. Allegheny Technologies Incorporated was founded in 1960 and is headquartered in Pittsburgh, Pennsylvania.
- [By Ben Levisohn]
Allegheny Technologies Incorporated(ATI) has gained 9.7% to $31.41 after it said it would sell its tungsten business to Kennametal (KMT). Kennametal has risen 2% to $46.92.
Hot Food Stocks For 2016: Profire Energy, Inc.(PFIE)
Profire Energy, Inc. designs, assembles, installs, sells, and services oilfield combustion management technologies for the oil and gas industry. Its products and services aid oil and gas producers in the production and transportation of oil and natural gas. The company offers burner-management systems that monitor and manage burners, as well as related products, such as flare stack igniter and nozzles, valves and fuel train components, secondary air plates, valve actuators, and solar packages. It also provides chemical-management systems to monitor and manage chemical-injection process to ensure that optimal levels of chemicals are injected. Profire Energy, Inc. sells and installs its systems in Western Canada, the United States, France, Italy, Russia, Ukraine, India, Nigeria, the Middle East, Australia, and Brazil. The company is headquartered in Lindon, Utah. Profire Energy, Inc. is a subsidiary of The Flooring Zone, Inc.
- [By Monica Gerson]
Profire Energy, Inc. (NASDAQ: PFIE) is estimated to post its quarterly earnings at $0.00 per share on revenue of $6.74 million.
Posted-In: Earnings scheduleEarnings News Pre-Market Outlook Markets
Hot Long Term Companies To Invest In Right Now: Annaly Capital Management Inc(NLY)
Annaly Capital Management, Inc. owns a portfolio of real estate related investments in the United States. It invests in various types of agency mortgage-backed securities and related derivatives to hedge these investments; and residential credit investments, such as credit risk transfer securities and non-agency mortgage-backed securities. The company also acquires, finances, and manages commercial loans and other commercial real estate debt, commercial mortgage-backed securities, and other commercial real estate-related assets. In addition, it engages in corporate middle market lending transactions; and operates as a broker-dealer. The company has elected to be taxed as a real estate investment trust (REIT). As a REIT, it is not subject to federal income tax to the extent that it distributes its taxable income to its shareholders. Annaly Capital Management, Inc. was founded in 1997 and is based in New York, New York.
- [By Amanda Alix]
This development will likely give battered mREITs like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) a huge boost as investors begin to feel less panic regarding a tapering of the current QE3 program. Markets have responded to the Summers announcement by soaring skyward, apparently feeling relief and confidence about the fate of the taper.
- [By Amanda Alix]
It was just about one year ago that QE3 made its debut, and mortgage REITs, particularly agency-only players like Annaly Capital (NYSE: NLY ) , Armour Residential (NYSE: ARR ) , and American Capital Agency (NASDAQ: AGNC ) began moaning about the increased competition for mortgage-backed securities guaranteed by Fannie Mae and Freddie Mac.
- [By Dan Caplinger]
Another tax-law provision gives favorable tax status to real-estate investment trusts. REITs make investments in real estate-related assets, and they’re required to pay out almost all their income to their shareholders annually. Simon Property Group (SPG) is one of the biggest REITs, focusing on shopping malls and paying a 3 percent yield. But other specialty areas of the REIT universe pay much higher dividends, with REITs like Annaly Capital (NLY) that invest in mortgage-backed securities topping the list with double-digit percentage yields.