Options Flow Summary: General Sentiment & Yahoo Inc (YHOO)
General Sentiment
In mid-day trading, the DJIA was up 43 points on the day or .30 percent. The markets are relatively quiet compared to last week's volatile trading. All eyes are on the Fed this week. The markets appear to be supported by the expectation of another rate cut at the end of this week's two day meeting to save the world.
Yahoo Inc (YHOO)
Options in the Software & Computer Services sector are headed for an above average day with 866,629 contracts trading so far today. This is led by YHOO which is trading 2 times its average daily option volume today, 83% of which were calls. On Friday, unusual activity was also noted with YHOO trading 5 times its average daily option volume, 89% of which were also calls.
The stock is down $1.70 to $31.93. Perhaps todayís trading represents some profit taking after Fridayís run up.
Posted By: Trade Alert
About Ellen Spiro
Ellen Spiro brings nearly 20 years market experience to her position as Vice President of Sales & Marketing of Trade Alert, LLC. Her background includes Fixed Income Derivatives trading at Deutsche Bank and starting up a similar desk at West Deutsche Landesbank as well as securities industry consulting for Coopers & Lybrand. Her current role puts her in direct contact with many of the largest participants in the equity derivatives field.
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