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OCLR

Oclaro

$9.03

-0.04 (-0.44%)

13:50
07/13/18
07/13
13:50
07/13/18
13:50

51K Oclaro Jan 5 puts trade for 5.5c

51K Oclaro Jan 5 puts trade for 5.5c. Shares off 4c to $9.03 and the block likely closes some of the 65K open interest at that strike. Trade history shows notable opening activity 11/2, 11/3, and 1/31, including 31.4K at 75c on 11/3 (the day after a 25.7% earnings dive to 52-week lows of $5.96). The short puts are being covered today to monetize profits after a 50% surge in shares.

OCLR Oclaro
$9.03

-0.04 (-0.44%)

04/25/18
NEED
04/25/18
NO CHANGE
NEED
Full ban of sales to Huawei 'highly improbable,' says Needham
Needham analysts Alex Henderson and N. Quinn Bolton said they sees the chances of an outright ban of sales to Huawei as "extremely low," adding that it is their understanding the probe into Huawei has been ongoing for the last two years while noting that the ZTE probe took over five years to complete. The ironic impact of any escalation in trade tension could be an increase in demand from Huawei to build an inventory buffer should there be a supply disruption, added the analysts, who also say they would not be surprised to see a trade agreement with China include a resolution of the ZTE (ZTCOY) ban and possibly an agreement on the scope of action against Huawei.
05/21/18
NEED
05/21/18
NO CHANGE
NEED
Oclaro filing hints NeoPhotonics may have started sale process, says Needham
Needham analyst Alex Henderson said the S-4 filed by Lumentum (LITE) related to its deal to acquire Oclaro (OCLR) shows that the latter looked to make an acquisition and that company rejected the offer as insufficient but has "started a sell process." Henderson believes this unidentified company is most likely NeoPhotonics (NPTN), he tells investors. He also noted that the S-4 shows another bidder other than Lumentum offered $9 per share in cash for Oclaro, which he believes is likely Finisar (FNSR), adding that "this potential Oclaro acquirer would likely be interested in NeoPhotonics, in our opinion."
05/30/18
05/30/18
DOWNGRADE

Market Perform
Fabrinet downgraded to Market Perform on customer concentration at Northland
As previously reported, Northland downgraded Fabrinet (FN) to Market Perform from Outperform with a $33 price target. Analyst Tim Savageaux sees increased risks of material manufacturing insourcing from Lumentum (LITE), its largest customer, as well as customer concentration from the Lumentum/Oclaro merger, which will result in 20-25% customer concentration.
06/28/18
MKMP
06/28/18
NO CHANGE
Target $84
MKMP
Buy
Demand for 3D sensing is in Lumentum's favor, says MKM Partners
MKM Partners analyst Michael Genovese kept his Buy rating and $84 price target on Lumentum (LITE), saying the company's Q1 guidance is "reasonable/achievable" based on the FY19 3D unit demand, average selling prices, and market share trends. The analyst expects FY19/20 to benefit from sales of vertical-cavity surface-emitting laser technology and also anticipates "solid demand ramp" from the Android ecosystem. Genovese also contends that the market has not priced in the "significant earnings accretion" that will be realized from Lumentum's acquisition of Oclaro (OCLR).

TODAY'S FREE FLY STORIES

VIX

Volatility Index S&P 500 Options

$0.00

(0.00%)

16:20
07/20/18
07/20
16:20
07/20/18
16:20
Options
Closing CBOE SPX and VIX Index summary for July 20th »

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ASFI

Asta Funding

$3.15

-0.1 (-3.08%)

16:18
07/20/18
07/20
16:18
07/20/18
16:18
Hot Stocks
Asta Funding receives Nasdaq non-compliance letter »

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$NSD

NASDAQ Market Internals

$0.00

(0.00%)

16:17
07/20/18
07/20
16:17
07/20/18
16:17
Technical Analysis
NASDAQ market internals summary »

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$NYE

NYSE Market Internals

$0.00

(0.00%)

16:16
07/20/18
07/20
16:16
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16:16
Technical Analysis
NYSE market internals summary »

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DIS

Disney

16:15
07/20/18
07/20
16:15
07/20/18
16:15
Periodicals
Disney fires 'Guardians' director after controversial tweets, THR says »

Disney has fired James…

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  • 07

    Aug

MSFT

Microsoft

, GE

General Electric

16:15
07/20/18
07/20
16:15
07/20/18
16:15
General news
Fly Intel: Wall Street's top stories for Friday »

Stocks began the day…

MSFT

Microsoft

GE

General Electric

HON

Honeywell

PAH

Platform Specialty Products

GSK

GlaxoSmithKline

PTCT

PTC Therapeutics

LLNW

Limelight Networks

VFC

VF Corp.

SKX

Skechers

STT

State Street

SWKS

Skyworks

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  • 20

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    Sep

MYL

Mylan

$35.57

-0.08 (-0.22%)

, AGN

Allergan

$171.85

-1.53 (-0.88%)

16:12
07/20/18
07/20
16:12
07/20/18
16:12
Hot Stocks
PTAB rules in favor of Mylan to allow Restasis challenge to proceed »

Mylan (MYL) announced…

MYL

Mylan

$35.57

-0.08 (-0.22%)

AGN

Allergan

$171.85

-1.53 (-0.88%)

03/08/13
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  • 26

    Jul

  • 13

    Nov

CEI

Camber Energy

$0.45

-0.0236 (-5.03%)

16:07
07/20/18
07/20
16:07
07/20/18
16:07
Hot Stocks
Breaking Hot Stocks news story on Camber Energy  »

Discover Growth Fund…

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JONE

Jones Energy

$0.38

-0.0117 (-3.02%)

16:06
07/20/18
07/20
16:06
07/20/18
16:06
Hot Stocks
Jones Energy names Carl Giesler, Jr. CEO »

Jones Energy announced…

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PYPL

PayPal

$87.26

-0.14 (-0.16%)

16:01
07/20/18
07/20
16:01
07/20/18
16:01
Periodicals
Third Point looking into new PayPal investment, Dealreporter says »

Third Point is…

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  • 25

    Jul

  • 15

    Aug

  • 16

    Aug

BLK

BlackRock

$502.28

-2.15 (-0.43%)

16:01
07/20/18
07/20
16:01
07/20/18
16:01
Hot Stocks
BlackRock CEO Fink discloses sale of $10.1M in stock »

BlackRock CEO Laurence…

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VFC

VF Corp.

$93.33

4.12 (4.62%)

15:50
07/20/18
07/20
15:50
07/20/18
15:50
Options
Defensive option play in VF Corp as shares spike on earnings »

Defensive option play in…

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  • 20

    Jul

BAC

Bank of America

$30.06

0.4 (1.35%)

15:40
07/20/18
07/20
15:40
07/20/18
15:40
Options
Biggest option block of the day is in Bank of America »

Biggest option block of…

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GSK

GlaxoSmithKline

$41.82

1.125 (2.76%)

15:30
07/20/18
07/20
15:30
07/20/18
15:30
Periodicals
GSK tells Bloomberg three business structure offers 'significant opportunities' »

Glaxosmithkline told…

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  • 25

    Jul

GE

General Electric

$13.14

-0.59 (-4.30%)

15:30
07/20/18
07/20
15:30
07/20/18
15:30
Options
Heavy trading in GE options as shares face renewed selling pressure »

Heavy trading in GE…

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  • 20

    Jul

WSM

Williams-Sonoma

$61.73

-1.01 (-1.61%)

15:25
07/20/18
07/20
15:25
07/20/18
15:25
Options
Williams Sonoma call volume above normal and directionally bullish »

Bullish option flow…

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LMT

Lockheed Martin

$322.13

2.46 (0.77%)

15:24
07/20/18
07/20
15:24
07/20/18
15:24
Periodicals
Lockheed Martin's F-35 to play bigger role in Europe defense, Reuters says »

U.S. and European defense…

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  • 24

    Jul

IWM

iShares Trust Russell 2000 Index Fund

$168.82

-0.32 (-0.19%)

, RUT

Russell 2000 Index

$0.00

(0.00%)

15:20
07/20/18
07/20
15:20
07/20/18
15:20
Technical Analysis
On The Fly: Weekly technical notes for Russell 2000 »

The Russell 2000 Index…

IWM

iShares Trust Russell 2000 Index Fund

$168.82

-0.32 (-0.19%)

RUT

Russell 2000 Index

$0.00

(0.00%)

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15:20
07/20/18
07/20
15:20
07/20/18
15:20
General news
Treasury Closing Summary: »

Treasury Closing Summary:…

TCF

TCF Financial

$25.35

-0.05 (-0.20%)

15:18
07/20/18
07/20
15:18
07/20/18
15:18
Hot Stocks
TCF Bank enters BFCP settlement with CFPB to resolve litigation »

According to a regulatory…

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  • 27

    Jul

$NSD

NASDAQ Market Internals

$0.00

(0.00%)

15:17
07/20/18
07/20
15:17
07/20/18
15:17
Technical Analysis
NASDAQ market internals summary »

Volume is average for…

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$NYE

NYSE Market Internals

$0.00

(0.00%)

15:16
07/20/18
07/20
15:16
07/20/18
15:16
Technical Analysis
NYSE market internals summary »

Volume is below average…

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SPX

S&P 500

$0.00

(0.00%)

, SPY

SPDR S&P 500 ETF Trust

$279.90

-0.05 (-0.02%)

15:09
07/20/18
07/20
15:09
07/20/18
15:09
Technical Analysis
On The Fly: Weekly technical notes for S&P 500 »

The S&P 500 (SPX), at…

SPX

S&P 500

$0.00

(0.00%)

SPY

SPDR S&P 500 ETF Trust

$279.90

-0.05 (-0.02%)

03/08/13
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AFL

Aflac

$43.08

0.2 (0.47%)

15:05
07/20/18
07/20
15:05
07/20/18
15:05
Options
AFLAC call volume above normal and directionally bullish »

Bullish option flow…

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  • 27

    Jul

CLF

Cleveland-Cliffs

$10.00

1.165 (13.19%)

14:50
07/20/18
07/20
14:50
07/20/18
14:50
Options
Cleveland Cliffs call options active as shares rally on earnings »

Cleveland Cliffs call…

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  • 20

    Jul

  • 20

    Jul

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