Option Skews - Capital One Financial Corp, Apple Inc, Baidu.com Inc, Starbucks Corp, Adobe Systems Inc, Chesapeake Energy Corp

Tags: COF
18 Dec 9:50pm
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Companies seeing a skew towards puts in the previous session: First Solar, Inc. (FSLR), Best Buy Co. (BBY), HSBC, plc. (HBC), Moody's Corp. (MCO), Johnson & Johnson (JNJ), Carnival (CCL), Home Depot (HD), Whiting Petroleum (WLL), Toll Brothers (TOL), Capital One Financial Corp (COF), CARMAX INC (KMX), CSX Corp. (CSX), Kohl's Corp. (KSS), Masco Corp. (MAS), Cemex Sa De Cv A Ads (CX), Oracle Corp. (ORCL), National Semiconductor (NSM), Yum! Brands (YUM), Frontline. (FRO), Mylan Laboratories (MYL), Hewlett-Packard (HPQ), Martin Marietta Materials (MLM), Dick's Sporting Goods Inc (DKS), Starwood Hotels & Resorts (HOT), General Mills (GIS).

Companies seeing a skew towards calls in the previous session: Apple Inc (AAPL), DryShips Inc. (DRYS), Research in Motion Limited (RIMM), General Motors Corp (GM), Target Corp. (TGT), Hartford Financial Services Group (HIG), Yahoo! (YHOO), Ford Motor Co (F), Harmony Gold Mining Co.. (HMY), United States Steel Corp (X), Cisco Systems (CSCO), Freeport-McMoRan Copper & Gold Inc (FCX), SanDisk Corp. (SNDK), Starbucks Corp (SBUX), Adobe Systems Incorporated (ADBE), Yamana Gold Inc (AUY), Newmont Mining (NEM), Wells Fargo & Co (WFC), Las Vegas Sands Corp. (LVS), Coeur d'Alene Mines (CDE), Hecla Mining (HL), Silver Wheaton Corp (SLW), Energy Conversion Devices, Inc (ENER), Baidu.com Inc. (BIDU), Chesapeake Energy Corp (CHK).

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.