Regn January 2014 Options Begin Trading

Fed’s Evans Says CFTC Right to Reevaluate Computerized Trading

To an investor already interested in purchasing shares of REGN, that could represent an attractive alternative to paying $275.08/share today. Because the $270.00 strike represents an approximate 2% discount to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the put contract would expire worthless. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 58%. Stock Options Channel will track those odds over time to see how they change, publishing a chart of those numbers on our website under the contract detail page for this contract.
Source: http://www.forbes.com/sites/dividendchannel/2013/12/12/regn-january-2014-options-begin-trading/

If you wish to view more, click the button below. The Financial Times Ltd 2013 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/143ee822-6404-11e3-b70d-00144feabdc0.html Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others. The Financial Times Ltd 2013 FT and Financial Times are trademarks of The Financial Times Ltd. Privacy policy | Terms | Copyright
Source: http://www.ft.com/cms/s/0/143ee822-6404-11e3-b70d-00144feabdc0.html

U.S. rests its case in insider trading trial of SAC’s Steinberg

Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 2.72% if the stock gets called away at the January 2014 expiration (before broker commissions). Of course, a lot of upside could potentially be left on the table if ACN shares really soar, which is why looking at the trailing twelve month trading history for Accenture plc, as well as studying the business fundamentals becomes important. Below is a chart showing ACNs trailing twelve month trading history, with the $75.00 strike highlighted in red: Considering the fact that the $75.00 strike represents an approximate 1% premium to the current trading price of the stock (in other words it is out-of-the-money by that percentage), there is also the possibility that the covered call contract would expire worthless, in which case the investor would keep both their shares of stock and the premium collected. The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 53%. On our website under the contract detail page for this contract, Stock Options Channel will track those odds over time to see how they change and publish a chart of those numbers (the trading history of the option contract will also be charted).
Source: http://www.forbes.com/sites/dividendchannel/2013/12/12/acn-january-2014-options-begin-trading/

‘Chocfinger’ sells trading arm for price of a Mars bar

regulators should reevaluate whether markets have sufficient risk controls in place to oversee high-frequency trading, Federal Reserve Bank of Chicago President Charles Evans said. The Commodity Futures Trading Commission and other agencies are right to consider new ways of monitoring derivatives markets that increasingly rely on electronic trading and not human judgment and human speeds, double japan etf Evans said in a comment letter to the CFTC dated yesterday. The letter is posted on the CFTCs website today. The Chicago Fed staff, in a response to a CFTC request for comments on possible new regulations for automated trading, said consistent risk controls are necessary to remove the danger that algorithms can malfunction. The CFTC, along with the Securities and Exchange Commission, boosted scrutiny of high-frequency and algorithmic trading after May 6, 2010, when $862 billion in equity value was erased in 20 minutes before share prices recovered.
Source: http://www.bloomberg.com/news/2013-12-12/fed-s-evans-says-cftc-right-to-reevaluate-computerized-trading.html

Autohome ADRs Surge in Trading Debut

“While the proposal before us articulates standards for making those distinctions, those standards will necessarily be developed further as they are applied.” The Volcker Rule also must be approved by the Commodity Futures Trading Commission and the Office of the Comptroller of the Currency. All the agencies are set to act, despite a Washington snowstorm that shut most local government operations for the day. CFTC spokesman Steven Adamske said his agency will not hold a public meeting, but commissioners will approve the rules in writing. Regulators hope the rules mean banks take less risk, operate with less leverage and have more consistent financial results in the future, CLSA banking analyst Mike Mayo said. Because banks have already shed most of their proprietary trading businesses in anticipation of the rule, the final version should have little new effect on bank profits, said Raymond James analyst Anthony Polini.
Source: http://www.usatoday.com/story/money/business/2013/12/10/regulators-vote-on-volcker-rule-adoption/3950001/

Royal Bank of Canada considers spinning off prop trading units

If you wish to view more, click the button below. The Financial Times Ltd 2013 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/9703e992-63e1-11e3-98e2-00144feabdc0.html Print a single copy of this article for personal use. Contact us if you wish to print more to distribute to others. The Financial Times Ltd 2013 FT and Financial Times are trademarks of The Financial Times Ltd.
Source: http://www.ft.com/cms/s/0/9703e992-63e1-11e3-98e2-00144feabdc0.html

Volcker Rule reins in banks’ riskiest trading

“We’ll be in a position to sum up on Monday,” he said. Steinberg will not testify, Berke said. Steinberg, 41, is charged with five counts of securities fraud and conspiracy to commit securities fraud for trading in Dell Inc and Nvidia Corp based on alleged insider information. He denies wrongdoing. With his indictment in March, Steinberg became the highest-level employee at Steven A. Cohen’s hedge fund to face criminal insider trading charges.
Source: http://www.reuters.com/article/2013/12/13/us-sac-steinberg-idUSBRE9BC0ZT20131213?feedType=RSS

ACN January 2014 Options Begin Trading

The American depositary shares are up $11.60, or 68 percent, to $28.60 in morning trading after climbing as high as $31.37 shortly after they hit the market. Late Tuesday, the company priced its initial public offering of 7.8 million American depositary shares at $17 each, above their projected range, for total proceeds of $132.9 million. The offering’s underwriters also have a 30-day option to buy up to 1.2 additional American depositary shares at the IPO price for additional proceeds of $19.9 million. Autohome provides online information, listings and reviews for Chinese automotive consumers through a pair of websites. The shares are trading on the New York Stock Exchange under the ticker symbol “ATHM.” Related Topics: U.S.
Source: http://abcnews.go.com/Business/wireStory/autohome-adrs-surge-trading-debut-21176836

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