Vrtx June 21st Options Begin Trading

Regulator Firm to Pay $16.7 Million to Settle Allegations of Withholding Profits From Clients By Biography Updated Feb. 26, 2014 4:28 p.m. ET LONDONForeign-exchange trading firm FXCM Inc. agreed to pay fines and refunds totaling almost 10 million ($16.7 million) to settle allegations by a U.K. financial regulator that the company withheld profits from clients and failed to inform British authorities that it was under investigation in the U.S. The Financial Conduct Authority said that U.K.
Source: http://online.wsj.com/news/articles/SB10001424052702304255604579406640141660638

The U.S. Securities and Exchange Commission is seeking to bar Cohen from the financial services industry for failing to supervise Martoma and Steinberg. The case is U.S. v.
Source: http://www.reuters.com/article/2014/02/28/us-sac-martoma-idUSBREA1R19U20140228

(JPM) The audience took him more literally. Thats just the weather, Dimon, the banks chairman and chief executive officer, said in an annual presentation to investors at the firms New York headquarters Feb. 25, referring to the drop. Trading revenue is down about 15 percent so far this year compared with the same period in 2013, he said.
Source: http://www.bloomberg.com/news/2014-02-27/dimon-quip-leads-analysts-to-blame-trading-slump-on-polar-vortex.html

If you wish to view more, click the button below. The Financial Times Ltd 2014 FT and ‘Financial Times’ are trademarks of The Financial Times Ltd. Printed from: http://www.ft.com/cms/s/0/455106a0-9fe3-11e3-9c65-00144feab7de.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 2014 FT and Financial Times are trademarks of The Financial Times Ltd.
Source: http://www.ft.com/cms/s/0/455106a0-9fe3-11e3-9c65-00144feab7de.html

The current analytical data (including greeks and implied greeks) suggest the current odds of that happening are 54%. 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. Should the contract expire worthless, the premium would represent a 2.17% return on the cash commitment, or 18.40% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the Nasdaq 100 Below is a chart showing the trailing twelve month trading history for Costco Wholesale Corp, and highlighting in green where the $115.00 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $117.00 strike price has a current bid first trust natural gas etf of $2.03.
Source: http://www.forbes.com/sites/stockoptionschannel/2014/02/27/cost-april-11th-options-begin-trading/

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. Should the contract expire worthless, the premium would represent a 12.00% return on the cash commitment, or 38.78% annualized at Stock Options Channel we call this the YieldBoost. Click here to find out the Top YieldBoost Puts of the Nasdaq 100 Below is a chart showing the trailing twelve month trading history for Vertex Pharmaceuticals, Inc., and highlighting in green where the $82.50 strike is located relative to that history: Turning to the calls side of the option chain, the call contract at the $85.00 strike price has a current bid of $9.70. If an investor was to purchase shares of VRTX stock at the current price level of $84.10/share, and then sell-to-open that call contract as a covered call, they are committing to sell the stock at $85.00. Considering the call seller will also collect the premium, that would drive a total return (excluding dividends, if any) of 12.60% if the stock gets called away at the June 21st expiration (before broker commissions).
Source: http://www.forbes.com/sites/stockoptionschannel/2014/02/28/vrtx-june-21st-options-begin-trading/

Claiborne wanted to play, but his body and personal issues prevented that for a time. When you look at the other corners drafted in 2012, there’s no need to give up on them, though you must also question whether some of these selections are worth it. Stephon Gilmore was the 10th pick of the draft by Buffalo and in 27 games he’s got three interceptions and 26 pass breakups. Dre Kirkpatrick , who has spent 17 weeks on the injury report in two seasons, has just one interception for Cincinnati. Janoris Jenkins , the 39th pick overall by Green Bay in the second round, had five interceptions in 2012 and returned three picks for touchdowns.
Source: http://espn.go.com/blog/nflnation/post/_/id/118694/is-trading-morris-claiborne-an-option


Private Student Lenders Respond To Government Pressure, Expand Refinance Options

This money should not be diverted to entertainment or living expenses. If your child feels that he or she needs extra money beyond the amount of the loan, talk about controlling expenses and employment opportunities. It’s Never Too Early to Think About Repayment Together you will need to think ahead in order to come up with a plan now about how these loans are going to be repaid in the future. You or your child will be signing a promissory note, whereby you are agreeing to repay the loan even if your child does not complete his or her education, cannot get a job after graduation, or does not like the education received. Failure to repay a student loan can result in serious financial consequences. You can look at the amount of money you expect to borrow and use the online repayment estimator to calculate payment amounts for federal student loans.
Source: http://www.huffingtonpost.com/jodi-okun/what-parents-should-teach_b_4804920.html

Student debt may hurt housing recovery by hampering first-time buyers

A separate analysis by the Mortgage Bankers’ Association found that loan applications for home purchases have slipped nearly 20 percent in the past four months compared to a year ago. Heres a look at what the survey shows is going on with student loan debt among the under-30 crowd, broken out by credit scores. The highest growth is in browse student loan debt, with auto loans coming in second. Most of the growth is concentrated among those with low to medium credit scores. Younger adults’ credit scores are often challenged because they haven’t had a chance to build up a solid credit history.
Source: http://www.washingtonpost.com/blogs/wonkblog/wp/2014/02/18/student-debt-is-terrible-in-charts/

Have you tried to get a deferment or forbearance on your student loan? You may be able to defer repayment of a student loan if you meet the criteria and conditions for your type of loan, and you are not more than 270 days behind in your loan payments (or six months behind for an unemployment deferment on a Federal Family Education Loan). Some common reasons for a deferment are being enrolled in school half-time, being unemployed, suffering economic hardship or serving in the military. Forbearance of a student loan is a little different. You may qualify for forbearance even if you have defaulted on the loan. Forbearance means you can make reduced payments for a time; for example, while you are ill or if your monthly payments total more than 20 percent of your monthly income.
Source: http://www.creditcards.com/credit-card-news/student-loan-bankruptcy-wage-garnishement-1294.php

So they passed the buck to the feds, who passed it on to students in the form of loans. In this case, it’s clear to see that the ample availability of student loans did influence the hike in tuition. A recent study compares the tuition of private universities in five states. They found that the schools where students have access to federal loans and grants are charging 78 percent higher tuition than the ones where students are not eligible for federal loans and aid. There is an unspoken agreement between colleges and Washington that as long as annual tuition increases are kept to 5 percent or below, the government will keep student loans flowing. It’s much harder for a taxpayer to figure out how much he is on the hook for this misguided policy.
Source: http://www.huffingtonpost.com/bob-hildreth/student-loans-tuition-increase_b_4809036.html

[ ALSO : Democratic Senators Announce Ambitious Student Debt Agenda ] “By the time they graduate, their credit score is at its lowest point and their interest rates are at their highest point,” Kantrowitz says. The best time to look into refinancing private loans, Kantrowitz says, is a few years after graduating. Because recent graduates often start out with thin or nonexistent credit histories, young borrowers can often quickly improve their credit scores with consistent positive credit activity, he says. “That means never late with a payment. Too often I hear from borrowers who say, ‘But I was only late with one payment,'” Kantrowitz says.
Source: http://www.usnews.com/news/articles/2014/02/18/private-student-lenders-respond-to-government-pressure-expand-refinance-options

They have accounted for nearly a third of home purchases over the past year, well below the historical norm, industry figures show. The trend has alarmed some housing experts, who suspect that student loan debt is partly to blame. That debt has tripled from a decade earlier, to more than $1 trillion, while wages for young college graduates have dropped. The fear is that many young adults can no longer save for a down payment or qualify for a mortgage, impeding the housing market and the overall economy, which relies heavily on the housing sector for growth, regulators and mortgage industry experts said. “This is a huge issue for us,” said David Stevens, chief executive of the Mortgage Bankers Association.
Source: http://www.chicagotribune.com/classified/realestate/sns-wp-washpost-bc-loans17-20140217,0,3736662.story

Market Close Report: Nasdaq Composite Index Closes At 4,244.03 Up 3.36 Points

2014 NASDAQ OMX Investor Day

Advancers stocks led declining by 1.09 to 1 ratio. There were 1356 advancers and 1245 decliners for the day. On the NASDAQ Stock Exchange 65 stocks reached a 52 week high and 5 those reaching lows totaled. The most active, advancers, decliners, unusual volume and most active by dollar volume can be monitored intraday on the Most Active Stocks page. The NASDAQ 100 index closed up .12% for the day; a total of 4.32 points.
Source: http://www.todayhotstocks.com/ http://www.nasdaq.com/article/market-close-report-nasdaq-composite-index-closes-at-424403-up-336-points-cm326939

Stocks log biggest weekly gain of 2014, Nasdaq ends at 13.5-year high

Together, these handful of companies have earned a market value of over $625 billion. There’s a reason investors are gobbling up these stocks. Over the last five years, The New Tech Guard companies have averaged an unbelievable +77% sales growth rate, coupled with a remarkable +43% expansion in average annual R&D expenditures. Innovation Dead?
Source: http://seekingalpha.com/article/2024981-nasdaq-and-the-r-and-d-tech-revolution

The vision-correction company saw its stock trading at $5.34 per share. PhotoMedex Deal LCA-Vision Inc.(NASDAQ:LCAV) noted the smart forward move in the after-trading hours as well, following the announcement by the company that it has closed a deal with PhotoMedexInc, a skin health company. The deal drawn up for the acquisition is valued at $106 million. LCA-Vision Inc.
Source: http://wallstreetpr.com/lca-vision-inc-nasdaqlcav-abuzz-on-the-stock-market-15416

NASDAQ And The R&D Tech Revolution

economic growth in the first quarter of the year, with payroll expansion seen remaining somewhat subdued, but they expect the pace of activity to pick up in the second quarter. Analysts see the economy growing at an annual rate of 2.0 percent in the current quarter, down from a previous estimate of 2.5 percent, according to the Philadelphia Federal Reserve’s quarterly survey of 45 forecasters. Second-quarter growth was forecast to accelerate to 3.0 percent, up from a prior forecast of 2.9 percent. “Some of these numbers weren’t good but they do not derail the recent positive trendsbut I’m not worried about the U.S.,” said Doug Cote, chief investment strategist at ING U.S. Investment Management.
Source: http://www.cnbc.com/id/101417681

LCA-Vision Inc. (NASDAQ:LCAV) Abuzz On The Stock Market

After reassuring European growth on Friday and weak U.S. retail sales on Thursday, major data will be in short supply. The stand-out indicator may prove to be the flash Markit/HSBC Purchasing Managers’ Index (PMI) for China, with the February number due for release on Thursday. Last month’s report showed activity in China’s factories contracted in January for the first time in six months, suggesting a slowdown at the end of 2013 had continued into the new year. 8 mins ago Commodities and the market aren’t in sync right now and Dan Dicker of MercBlock says that could spell trouble.
Source: http://finance.yahoo.com/news/2014-nasdaq-omx-investor-day-140000691.html

Cftc And Eu Agree To Overseas Swaps Trading Rules

Macro Trading Macro trading, which includes interest-rates and currency trading, probably contributed to the decline in 2013. Rates trading at the 10 largest global investment banks fell 40 percent in the first nine months of 2013, according to industry analytics firm Coalition Ltd. Goldman Sachs said its currency business had difficulty managing inventory in the third third quarter as the firm posted its worst fixed-income trading revenue since the credit crisis. The firm still generated the most revenue from equities trading and has pointed to its return-on-equity, the highest among the worlds biggest investment banks last year, as a sign of its outperformance as industrywide revenue has slumped. ROE is a measure of how well a company reinvests profit to generate additional earnings.
Source: http://www.bloomberg.com/news/2014-02-10/goldman-sachs-names-varadhan-co-head-of-trading-unit.html

Implementation in the EU and United States, however, has raised the prospect of unfair double compliance which banks and businesses say would bump up costs and encourage them to trade elsewhere in the world. In a joint statement the European Union executive and the U.S. derivatives regulator said they have made significant progress towards harmonising trading rules. “The two commissions have provided confirmation this week that a global race-to-the-top in derivatives regulation is possible,” said CFTC acting chairman Mark Wetjen. EU financial services chief Michel Barnier said it was an important but far from final step on the road towards global convergence in rules. The United States has introduced a new breed of electronic platform to trade derivatives that have hitherto largely been transacted privately among big banks like Goldman Sachs, Deutsche Bank and Morgan Stanley.
Source: http://www.reuters.com/article/2014/02/12/eu-usa-derivatives-idUSL5N0LH43F20140212?feedType=RSS

Trading tech and bank stocks

He essentially did this role within Finra, so it makes perfect sense because hes really going to be able to hit the ground running. Lengthy Search It has taken White 10 months to fill the trading and markets post, one of the agencys senior staff positions. She set out to hire someone with experience working for an exchange or broker-dealer, according to a fourth person with knowledge of the process. Candidates including Christopher R. Concannon of Virtu Financial LLC, a high-frequency trading firm and market maker on IntercontinentalExchange Group Inc.s New York Stock Exchange, declined to pursue the job. Luparello, 55, didnt immediately respond to messages seeking comment.
Source: http://www.bloomberg.com/news/2014-02-12/sec-said-to-hire-ex-finra-exec-luparello-for-trading-division.html

One of the key data points that goes into the price an option buyer is willing to pay, is the time value, so with 220 days until expiration the newly trading view contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration. At Stock Options Channel , our YieldBoost formula has looked up and down the NMM options chain for the new September 20th contracts and identified one put and one call contract of particular interest. The put contract at the $15.00 strike price has a current bid of 65 cents. If an investor was to sell-to-open that put contract, they are committing to purchase the stock at $15.00, but will also collect the premium, putting the cost basis of the shares at $14.35 (before broker commissions). To an investor already interested in purchasing shares of NMM, that could represent an attractive alternative to paying $17.27/share today.
Source: http://www.nasdaq.com/article/first-week-of-nmm-september-20th-options-trading-cm325976

Investors were looking ahead to the first public comments from Janet Yellen since she became the head of the Federal Reserve. Yellen will testify before Congress Tuesday and Wednesday. The Dow Jones industrial was lower for most of the day Monday but turned slightly higher in late trading. The Dow closed up seven points, or 0.1 percent, at 15,801 Monday.
Source: http://abcnews.go.com/Business/wireStory/us-stocks-drift-higher-subdued-trading-22450985

A 30-year lease on these blocks was renewed in 1993, the document said. Shell has held a stake in them for decades longer and it is unclear how much the firm originally paid. OML 29 is the most coveted asset, producing a peak of 62,000 barrels per day (bpd) of oil and 40 scf/d of gas and holds reserves of 2.2 billion barrels of oil equivalent (boe), the report said. The 45 percent stake in this block could earn $1.5 billion to $2 billion, the sources said. OML 24 holds 803 million boe, OML 18 has reserves of 1.5 billion boe, although most of this is gas, while the smallest asset, OML 25, holds 157 million boe, the Shell report said. The Nigerian sales are part of a wider plan by Shell to dispose of $15 billion of assets this year and next to streamline operations after a profit warning.
Source: http://in.reuters.com/article/2014/02/12/shell-nigeria-idINL5N0IQ2UD20140212

First Week of NMM September 20th Options Trading

Strikes Deal With EU on Trading of Swaps Regulators in Washington and Brussels Agree to Ease Rules on U.S. Firms By Biography Updated Feb. 12, 2014 3:07 p.m. ET Regulators in Washington and Brussels agreed to harmonize rules on swaps trading, exempting European trades and electronic platforms from U.S. regulations.
Source: http://online.wsj.com/news/articles/SB10001424052702304434104579378951332330722

US Stocks Drift Higher in Subdued Trading

ABC News Snow is falling on the East Coast from Washington to New York and beyond a day after sleet, snow and ice bombarded the Southeast. Here’s a sampling of what the latest round of winter weather is bringing: Associated Press WESTMINSTER, Calif. (AP) Two women accused of pummeling and kicking a 23-year-old woman who died after a fight outside a California nightclub that was captured on cellphone videos were ordered Tuesday to stand trial on murder charges. Associated Press NEW YORK (AP) Scientists say they’ve taken a key step toward harnessing nuclear fusion as a new way to generate power, an idea that has been pursued for decades.
Source: http://news.yahoo.com/video/trading-tech-bank-stocks-170600170.html?.tsrc=tmobustoday