ALCOA (AA) April Options Volume
Started by
TechMan
, Apr 12 2010 03:28 PM
12 replies to this topic
#1
TechMan
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Posted 12 April 2010 - 03:28 PM
Very bullish options action today with over 60,000 contracts on April $15 Call that expires this week and only 37,000 April $14 Puts. AA appears to be halted as of now in the after hour.
There's a couple of trade ideas depending on the AH formation. So, let's see...
#2
thespookyone
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Posted 12 April 2010 - 03:33 PM
Alcoa revenue debunking the "myth" a bit. I doubt that 10 cents satisfies those trained to expect more, either.
#3
TechMan
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Posted 12 April 2010 - 03:42 PM
Alcoa revenue debunking the "myth" a bit. I doubt that 10 cents satisfies those trained to expect more, either.
I have the whisper number @ $0.14, so we'll see...
#4
souelle6
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Posted 12 April 2010 - 03:49 PM
10 c I guess... still a beat... AA earnings are always a sign of things to come... Market is trading it flat though... Pretty ambiguous start to this season
souelle
Edited by souelle6, 12 April 2010 - 03:52 PM.
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#5
thespookyone
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Posted 12 April 2010 - 03:55 PM
Missed low on consensus revenue, missed low on earnings or tied at the very best-not ambiguos to me. Demand isn't there.
#6
souelle6
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Posted 12 April 2010 - 04:02 PM
Missed low on consensus revenue, missed low on earnings or tied at the very best-not ambiguos to me. Demand isn't there.
Consensus was 9 cents earnings came in at 10 outside of ex items (they took a 200M write-down on April 5th)... aluminum prices are up for the quarter... markets are trading it flat...
Sounds like a slanted reading to me... That's about as ambiguous an earnings report as they come i.e if it was so unambiguous why is the market trading it even?
souelle
Edited by souelle6, 12 April 2010 - 04:04 PM.
"It's not the thinkin' that makes the money, it's the sittin' and waitin' that makes the money" -- J.L
#7
zoropb
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Posted 12 April 2010 - 04:03 PM
like pav's dog spookyAlcoa revenue debunking the "myth" a bit. I doubt that 10 cents satisfies those trained to expect more, either.
things are peachy they keep closing the smelters
ya got to love this accounting.
Love, be kind to one another, seek the truth, walk the narrow path between the ying and the yang.
#8
MikeyG
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Posted 12 April 2010 - 04:19 PM
No demand...
What will companies do next to boost their bottom line, more layoffs???
Not to worry though, the consensus says a double dip is off the table...
#9
TechMan
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Posted 12 April 2010 - 06:51 PM
No demand...
What will companies do next to boost their bottom line, more layoffs???
Not to worry though, the consensus says a double dip is off the table...
Not my table... Not only that it's not off my table, but it's almost a necessity for the market to crash and test the lows one more time before the commencement of a legit bull market. The only question I have is WHEN, and I do now know that. A guesstimate, based on my voodoo reading, would render the year 2012.
#10
TechMan
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Posted 12 April 2010 - 07:03 PM
This thing's deader than a door nail... I'm gonna let it pass. Couldn't even get excited about putting on option spreads.
Have a great evening everyone.
