Option Skews - Visa Inc, Rambus Inc, Chesapeake Energy Corp, MBIA Inc, Las Vegas Sands Corp, JA Solar Holdings Co Ltd, Research in Motion Ltd

Tags: V
8 Jan 9:26pm
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Companies seeing a skew towards puts in the previous session: Wells Fargo & Co (WFC), Exxon Mobil (XOM), Public Storage (PSA), Dow Chemical (DOW), Wal-Mart Stores (WMT), Bed Bath & Beyond (BBBY), Juniper Networks (JNPR), Apollo Group (APOL), Visa Inc. (V), Eastman Kodak (EK), Rambus Inc (RMBS), Pulte Homes (PHM), Zions Bancorporation (ZION), Research in Motion Limited (RIMM), Morgan Stanley (MS), Cheesecake Factory Incorporated (CAKE), Terex Corp. (TEX), Wynn Resorts Limited (WYNN), Transocean (RIG), American Eagle Outfitters (AEO), J.C. Penney Holding (JCP), HSBC, plc. (HBC), Nokia Corp. (NOK), Procter & Gamble (PG), Electronic Arts Inc (ERTS).

Companies seeing a skew towards calls in the previous session: Rohm and Haas (ROH), Monsanto Co (MON), Apple Inc (AAPL), Bank of America (BAC), Motorola (MOT), Allstate (ALL), General Motors Corp (GM), Novellus Systems (NVLS), BB&T Corp. (BBT), Bristol-Myers Squibb (BMY), Yahoo! (YHOO), Seagate Technology (STX), Genentech Inc (DNA), SanDisk Corp. (SNDK), QUALCOMM Incorporated (QCOM), Yamana Gold Inc (AUY), Chesapeake Energy Corp (CHK), AK Steel Holding Corp (AKS), Elan, plc (ELN), MBIA Inc (MBI), Activision Blizzard Inc (ATVI), Urban Outfitters (URBN), Synaptics Incorporated (SYNA), JA Solar Holdings Co., Ltd. (JASO), Las Vegas Sands Corp. (LVS).

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.