Option Skews - E-Trade Financial Corp, Chesapeake Energy Corp, MBIA Inc, Potash Corp. of Saskatchewan, Hartford Financial Services

Tags: ETFC
10 Nov 9:53pm
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Companies seeing a skew towards puts in the previous session: QUALCOMM Incorporated (QCOM), Morgan Stanley (MS), Intel Corp. (INTC), Walt Disney (DIS), Google Inc (GOOG), TJX Companies (TJX), Oracle Corp. (ORCL), Las Vegas Sands Corp. (LVS), Comcast Corp. (CMCSA), Gilead Sciences (GILD), Nike (NKE), Altera Corp. (ALTR), NetApp Inc (NTAP), Sonic (SONC), Flextronics International. (FLEX), Pfizer (PFE), MasterCard Incorporated (MA), Texas Instruments Incorporated (TXN), Boeing (BA), El Paso Corp. (EP), Schlumberger N.V. (SLB), MBIA Inc (MBI), CVS Corp. (CVS), Cypress Semiconductor Corp (CY), Priceline.com Inc (PCLN).

Companies seeing a skew towards calls in the previous session: Yahoo! (YHOO), Citigroup Inc (C), Wells Fargo & Co (WFC), OSI Pharmaceuticals Inc (OSIP), Merrill Lynch & Co. (MER), E-Trade Financial Corp (ETFC), Ford Motor Co (F), Chesapeake Energy Corp (CHK), Peabody Energy (BTU), Bank of America (BAC), Radioshack (RSH), Hartford Financial Services (HIG), McDermott International (MDR), NVIDIA Corp. (NVDA), AK Steel Holding Corp (AKS), Amgen Inc (AMGN), Freeport-McMoRan Copper & Gold Inc (FCX), Potash Corp. of Saskatchewan (POT), Energizer Holdings, Inc (ENR), MGM Mirage (MGM), Fluor Corp. (FLR), Electronic Arts (ERTS), Seagate Technology (STX), Corning Incorporated (GLW), Genworth Financial Inc (GNW).

This filtered scan is based on the International Securities Exchange (ISE) buy-to-open data. It looks for stocks where the previous day's put volume on the ISE is at least twice as great as the call volume. It then sorts the stocks based on the put volume. Since this is buy-to-open data, this can be a good source for finding stocks where skepticism is emerging. Of particular interest to me would be situations where we see put activity on stocks that are still in intermediate-term uptrends. This would be a potentially encouraging sign from the contrarian perspective.

This filtered scan is based on the International Securities Exchange (ISE) buy-to-open data. It looks for stocks where the previous day's call volume on the ISE is at least twice as great as the put volume. It then sorts the stocks based on the call volume. Since this is buy-to-open data, this can be a good source for finding stocks where optimism is emerging. Of particular interest to me would be situations where we see call activity on stocks that are still in intermediate-term downtrends. This would be a potentially cautionary sign from the contrarian perspective


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Schaeffer’s Investment Research, founded by Bernie Schaeffer in 1981, is a research-driven provider of investment research and recommendations featuring a unique, time-tested analysis of investor expectations. Schaeffer's contrarian approach, called Expectational Analysis®, focuses on stocks with technical and fundamental trends that run counter to investor expectations. The firm publishes Bernie Schaeffer's Option Advisor, the nation's leading options subscription publication and it's website, www.SchaeffersResearch.com, is recognized as one of the leading information sources for stock and options traders and was cited as the top options website by both Forbes and Barron's.