Today’s tickers: VCLK, JPM & MOS VCLK - ValueClick, Inc. – Options on the digital marketing services company and provider of Internet-based advertising solutions are far more active than usual today, with volume topping 2,500 contracts versus the stock’s average daily option volume of 397 contracts. The bulk of the activity in the name may suggest some investors believe the stock may make a big move to the upside in the near future. ValueClick is scheduled to report second-quarter earnings after the close on July 31 st . The stock, which had dropped more than 35% from a 52-week high of $21.85 on May 1st down to $13.80 on June 28 th , regained its footing at the end of June after the company said second-quarter revenue and adjusted EBITDA are likely to come in at the upper-end of its forecast range. The stock posted double-digit gains following the company’s positive comments and today trades 0.65% higher at $15.71. Call buying on the name today could pay off for some traders should the Q2 earnings report at the end of the month surprise to the upside. The Aug. $19 strike is the most heavily trafficked today, with more than 2,100 calls in play versus open interest of just 49 contracts. It looks like most of the calls were purchased for an average premium of $0.18 apiece in the first half of the trading session. Upside call buyers may profit in the event that shares in ValueClick jump 22% over the current price of $15.71, to top the average breakeven point at $19.18 by expiration next month. JPM - JPMorgan Chase & Co. – Shares in JPMorgan are up better than 1.1% this morning at $34.64 as investors await the release of minutes from last month’s Federal Reserve meeting as well as the bank’s second-quarter earnings report on Friday. A sizable call spread initiated in the September expiry appears to…
Today’s tickers: VCLK, JPM & MOS
VCLK - ValueClick, Inc. – Options on the digital marketing services company and provider of Internet-based advertising solutions are far more active than usual today, with volume topping 2,500 contracts versus the stock’s average daily option volume of 397 contracts. The bulk of the activity in the name may suggest some investors believe the stock may make a big move to the upside in the near future. ValueClick is scheduled to report second-quarter earnings after the close on July 31st. The stock, which had dropped more than 35% from a 52-week high of $21.85 on May 1st down to $13.80 on June 28th, regained its footing at the end of June after the company said second-quarter revenue and adjusted EBITDA are likely to come in at the upper-end of its forecast range. The stock posted double-digit gains following the company’s positive comments and today trades 0.65% higher at $15.71. Call buying on the name today could pay off for some traders should the Q2 earnings report at the end of the month surprise to the upside. The Aug. $19 strike is the most heavily trafficked today, with more than 2,100 calls in play versus open interest of just 49 contracts. It looks like most of the calls were purchased for an average premium of $0.18 apiece in the first half of the trading session. Upside call buyers may profit in the event that shares in ValueClick jump 22% over the current price of $15.71, to top the average breakeven point at $19.18 by expiration next month.
JPM - JPMorgan Chase & Co. – Shares in JPMorgan are up better than 1.1% this morning at $34.64 as investors await the release of minutes from last month’s Federal Reserve meeting as well as the bank’s second-quarter earnings report on Friday. A sizable call spread initiated in the September expiry appears to…
