Jim Cramer Blog

Here are 7 options to watch for today.
Most Under-Priced Calls: These are the most under priced calls of all stocks in our database. This stock comes from today's list and is among the most under-priced individual calls.
Mirant Dec 47.5 Calls (NYSE:MIR - News). MIR's PowerRating (for Traders) is 5.
Most Under-Priced Puts: These are the most under priced puts of all stocks in our database. This stock comes from today's list and is among the most under-priced individual puts.
Amazon.com Oct 90 Puts (NasdaqGS:AMZN - News). AMZN's PowerRating (for Traders) is 3.
Most Overpriced Calls: These are the most overpriced calls of all stocks in our database. This stock comes from today's list and is among the most overpriced individual calls.
Google Oct 650 Calls (NasdaqGS:GOOG - News). GOOG's PowerRating (for Traders) is 4.
Most Overpriced Puts: These are the most overpriced puts of all stocks in our database. This stock comes from today's list and is among the most overpriced individual puts.
CME Group Nov 570 Puts (NYSE:CME - News). CME's PowerRating (for Traders) is 4.
Stocks with Abnormal Call Volume: These are stocks which showed unusual call option volume not easily explained by arbitrage operations. The appearance of a stock on the Call Volume Alerts list suggests a possible takeover, extraordinarily good earnings report, or other news which may favorably affect the stock.
Frontline (NYSE:FRO - News). FRO's PowerRating (for Traders) is 6.
Stocks with Abnormal Put Volume: These are stocks which showed unusual put option volume not easily explained by arbitrage operations. The appearance of a stock on the Put Volume Alerts list suggests an extraordinarily negative earnings report, or other news which may negatively affect the stock.
Trump Entertainment Resorts (NYSE:TRMP - News). TRMP's PowerRating (for Traders) is 3.
Abnormal Put/Call $ Volume: These stocks have the highest dollar put volume in relation to their call volume. These high ratios are indicative of extreme bearish sentiment in the underlying stock.
Globalstar (NYSE:GSAT - News).
Published By TradingMarkets.com

Labels: AMZN, CME, FRO, GOOG, GSAT, MIR, stock options, TRMP

Major market indices battle to finish in the black, but not by much. The Dow ($INDU) ended the session with a gain of 4.57 points to 12,666.31. The S&P 500 ($SPX) added just 1.01 points to 1,448.00. The NASDAQ ($COMPQ) was virtually flat, up just 0.89 points to close at 2,471.49. Volume was moderate with the NYSE trading 1.47 billion shares and the Naz turning over 2.15 billion. Market breadth was positive by a 21-to-12 and 17-to-13 ratio on the Big Board and Naz respectively.A lack of economic news and a slowdown in earnings data has create lethargy for stocks. This makes sense given the strength in stocks last week. The fact is that a correction is due, but with so much liquidity, buying occurs on every dip. Today’s move off the session lows occurred as oil prices fell off resistance at $60 a barrel. Crude has been on the rise, but this resistance has held to date. Nonetheless, if this area is broken it could give traders a reason to sell. Overall, crude prices rose just 14-cents on the session to close at $58.88. Oil giant BP (BP) saw its shares drop 0.8 percent after the firm reported that profits fell 22 percent in the quarter. The company also lowered guidance going forward. BP is one of the Big Three oil companies, but its results were the worst of the three with Exxon Mobile (XOM) and Chevron (CVX) seeing a drop in results, but not to the extent BP saw. The chip sector saw weakness Tuesday after National Semiconductor (NSM) lowered its outlook for the third quarter. NSM sees revenue falling by 15 percent in the quarter from the second quarter on lower shipments. As a result, the stock fell 2.7 percent to close at $22.68. Overall, the Philly Semiconductor Index ($SOX) fell half a percent on the session. One of the largest movers on the session was Globalstar Inc (GSAT). This stock fell 28.2 percent after it was downgrade due to a regulatory filing that stated the company was having problems with several of its satellites. Another large mover was Overstock.com (OSTK), which gained 22.1 percent on the session. Ironically, the discount retailer had such a bad quarter that analyst’s feel it has bottomed and can only get better from here. After the bell, Cisco (CSCO) reported better than expected earnings on a 40 percent rise in profits. The networking giant saw its shares fall 0.8 percent in the regular session, but they are up nearly five percent after hours. This should set up a strong opening for tech sector on Wednesday.
Jody Osborne

Labels: BP, CSCO, CVX, GSAT, NSM, OSTK, SOX, XOM