Today’s tickers: SAP, CTRP& JBLU

SAP – SAP AG –Put options on SAP are active on Friday, with shares in the softwarecompany down more than 4.0% in the early going at $72.42. SAP’s shares are decliningin sympathy with Accenture, the world’s second-largest technology-consultingcompany, after that company posted lower-than-expected third-quarter revenueafter the closing bell on Thursday. Traders positioning for shares in SAP topotentially extend declines during the next few weeks picked up roughly 2,000puts at the Jul $72.5 strike for an average premium of $1.97 each. The bearish strategymakes money at expiration in the event that SAP’s shares slide 2.6% fromtoday’s low of $72.42 to breach the average breakeven point on the downside at$70.53. Shares in the name, down nearly 12% since the start of 2013, lasttraded below $70.53 back in November of 2012. SAP is scheduled to reportsecond-quarter earnings ahead of the open on July 18th.

CTRP – International, Ltd. –Upside call options on are active thismorning, with shares in the online provider of travel services in China rising2.0% to $33.38 during morning trading. The most heavily traded contracts asmeasured by volume thus far in the session are the Aug $34 strike calls, withroughly 2,500 lots in play versus open interest of 12 contracts. Time and salesdata suggests most of the calls were purchased within a few minutes of theopening bell at an average premium of $2.03 apiece. Call buyers stand ready toprofit at expiration in August should shares in CTRP rally another 10% over thecurrent price of $32.87 to exceed the average breakeven point at $’s shares are up better than than 90% since this time last year.

JBLU – JetBlue Airways Corp –Takeover chatter sparked heavier than usual tradingtraffic in out-of-the-money call options on air carrier, JetBlue, Inc., thismorning. Shares in the name rose as much as 9.0% near the open to $6.63, thehighest level since mid-May, after a report in Brazilian newspaper, Folha deS.Paulo, on Friday said that David Neeleman, the founder and former CEO ofJetBlue and current owner of Brazilian airline Azul Linhas Aereas, is creatingan investment fund to buy back control of the company and purchase TAP, aPortuguese airline. Neeleman, according to a report by Bloomberg reporter, MarySchlangenstein, said, “No talks are underway” for such a fund during atelephone interview today. Shares are well off earlier highs, but remain up3.3% at $6.28. Options on JBLU popped on the unconfirmed takeover rumors, withvolume rising to 12,100 contracts by 11:40 a.m. ET versus the usual averagedaily volume of around 1,100 contracts. The Jul $7.0 strike calls are the mostactive, with some 7,300 contracts traded as of the time of this writing. Itlooks like most of the calls were purchased by for an average premium of $0.075each. The bullish position may be profitable at expiration next month if sharesin JBLU rally more than 12% over the current price of $6.28 to surpass theaverage breakeven point at $7.075.


Fundamental Analysis DailyFX

Gold Prices Risk Larger Rebound Following Failed Run at December-Low
Tuesday, 03 July 2018
Gold prices appear to be on the cusp of a larger rebound following the failed attempt to test the December-low ($1236). ... Read more...
Bullish USD/JPY Sequence Keeps March-High on Radar
Monday, 02 July 2018
USD/JPY appears to be making another run at the March-high (111.40) as it extends the series of higher highs & lows from the previous week. ... Read more...
Yuan, Chinese Equities to Brace for Impact from US-China Trade Tariff Hits
Friday, 29 June 2018
The US and China’s tariffs effective next week could just be the first dominoes. ... Read more...
Third Quarter Forecasts for Dollar, Euro, Oil, Equities and More
Friday, 29 June 2018
Has the emergence of trade wars fundamentally altered the course for the Dollar and global equities? Have Brexit fears been fully absorbed into the... Read more...
EUR/USD Rate Carves Holding Pattern Within Bearish Trend
Friday, 29 June 2018
EUR/USD may continue to consolidate over the coming days as the exchange rate appears to be stuck in a near-term holding pattern. ... Read more...
NZD/USD Extends Bearish Series, RSI Dips Into Oversold Territory
Thursday, 28 June 2018
NZD/USD stands at risk for further losses as it extends the series of lower highs & lows from earlier this week, while the RSI pushes into... Read more...
Trump Takes Aim at Harley Davidson for Trade War Production Plans
Wednesday, 27 June 2018
Harley Davidson has announced plans to shift production from US plants to Thailand in an effort to avoid retaliatory tariffs from the European Union.... Read more...
Oil Remains Bid Following OPEC Meeting as US Shuns Iran Exports
Tuesday, 26 June 2018
Oil prices have spiked higher as senior officials at the U.S. State Department encourage ally countries to shun energy imports from Iran. ... Read more...
USD/CAD Holds Narrow Range Ahead of Bank of Canada (BoC) Comments
Monday, 25 June 2018
Fresh comments from the Bank of Canada (BoC) may sway the near-term outlook for the USD/CAD exchange rate as market participants weigh the outlook... Read more...
A New Front on Trade Wars Will Test Risk Trends, Dollar
Friday, 22 June 2018
Risk assets have broadly notched a week of retreat as trade wars have spread into the developed world economy. Themes are of greater consequence than... Read more...

Fundamental Analysis FXstreet

Carney's Pound
Monday, 08 July 2013
This year has been unrelenting for the pound, starting in the highs of $1.63 sliding into the hands of the bears, and now printing below $1.50 yet again Moody’s previous downgrading of Britain this year seems like a distant memory now, but the... Read more...
The Old Lady gets a facelift
Friday, 05 July 2013
Monetary status quo on both side of the Channel The euro rise stopped This week the new governor of the Bank of England, the Canadian Mark Carney, presided over his first Monetary Policy Meeting. He inherits a mixed situation to say the least. At... Read more...
What The Heck Is Going On In Portugal?!
Thursday, 04 July 2013
Political turmoil is rearing its ugly head in the euro zone again, but this time it's making an appearance in Portugal! At the start of the week, we were greeted by news that Vitor Gaspar, the brains behind Portugal's 75 billion EUR bailout plan,... Read more...
Morning Report - RBA "joke" knocks Aussie lower, USD Yen hits resitance
Wednesday, 03 July 2013
Okay, so a spokesman for Glenn Stevens say that his comment about the RBA Board having deliberated hard to leave rates unchanged was supposed to be a joke yesterday. I don't buy it - like his counterparts at the Fed who are doing an excellent job of... Read more...
U.S. Dollar Faces its First Test
Tuesday, 02 July 2013
U.S. Dollar Faces its First Test Breakouts in USD/JPY and EUR/JPY EUR Breaks 1.30 as Aid Payment to Greece Under Threat GBP - Construction Sector Expands Alongside Manufacturing AUD - Another Night of Busy Australian and Chinese Data CAD - Oil... Read more...
AUD and RBA decission
Monday, 01 July 2013
AUD and RBA, 04:30 GMT Current 2.75% Expected 2.75% Dovish, rate cut: AUD Bearish Hawkish, rate hike: AUD Bullish  Key pairs to watch:   AUD/USD ,  AUD/JPY ,  NZD/USD Australian dollar has been on a tear for the past two months,... Read more...
Morning Report - US dollar on the ascendancy as Fed supports
Sunday, 30 June 2013
Rightyo - I am loving the Fed at the moment and their experiment with absolute transparency and the fact that they are trying so hard to let the market know what they are doing and even when they might do it. I am also loving watching... Read more...
Forex Weekly Outlook June 24-28
Saturday, 29 June 2013
The dollar ended the week, month and quarter with a nice rise. Can it continue into the second half of the year? Top tier US events culminate with the US Non-Farm Payrolls. Jobs data of all sorts becomes very important. In addition, we have rate... Read more...
SAP puts active as shares stumble
Friday, 28 June 2013
Today’s tickers: SAP, CTRP& JBLU SAP – SAP AG – Put options on SAP are active on Friday, with shares in the softwarecompany down more than 4.0% in the early going at $72.42. SAP’s shares are decliningin sympathy with Accenture, the world’s... Read more...
Morning Report - GBP pressured, Gold under $1200 as Fedspeak soothes markets
Thursday, 27 June 2013
I have to hand it to the Fed they have been as transparent as a central bank can be with regard this taper caper and although the market took heed of more soothing words last night the fact that so many Fed Presidents and Governors are addressing... Read more...

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