BHI – RiskReversal

MorningWord 5/2/16: The Fabulous Baker Hughes $BHI

May 2, 2016 by Dan • Commentary

In case you missed it, Halliburton (HAL) is abandoning their $28 billion take-over offer for competitor Baker Hughes (BHI), when Crude oil was 40% higher near $75. It’s interesting that BHI is basically trading at the levels where it …

Big Printin’ – HAL: I’m Sorry $BHI, I Can’t Do That

April 6, 2016 by Dan • Commentary

The Department of Justice is attempting to put the kibosh on Haliburton’s (HAL) $34 billion deal announced in November 2014 to Buy competitor Baker Hughes (BHI) back when crude oil was $75 a barrel. Shares …

MorningWord 11/20/15: $BHI, $HAL – Oil Slick

November 20, 2015 by Dan • Commentary

Last night on CNBC’s Fast Money we discussed some yet to close large m&a deals announced this past year, where the target is trading well below the typical “closing risk” discount: I was asked to weigh …

MorningWord 8/27/15: Oil Slick – $HAL, $BHI, $SLB

August 27, 2015 by Dan • Commentary

Back in November 2014, when crude oil was down about 50% from its prior 52 week high, the number two oilfield services company Halliburton (HAL) agreed to acquire number three in the space, Baker Hughes (BHI) …

Big Printin’ 7/13/15: $BHI, $EBAY, $INTC, $MRVL, $YELP, $FXE

July 13, 2015 by Dan • Education

Here is some generally directional options activity that caught my eye during Monday’s trading: 1. EBAY – made a new all time today, on investor excitement about the impending tax free spin off of PayPal. There was a …

Big Printin’ 6/30/15: $AMD, $BHI, $STX, $WMT

June 30, 2015 by Dan • Education

Here is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. WMT – made a new intra-day 52 week low and is quickly approaching massive long term support at $70. When the …

Big Printin’ 6/26/15: $ASHR, $BHI, $MU

June 29, 2015 by Dan • Commentary

Here is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. BHI – saw a large opening put buyer when the stock was 61.58 a trader paid .90 for 11,500 of the Oct …

Name That Trade – Shallow $HAL

November 20, 2014 by Enis • Commentary

HAL has had a very steep fall from grace in the past 4 months, going from an all-time high of $74.33 on July 23rd to yesterday’s intraday low of $47.74, just a touch above the …

Monday’s Notable Options Activity: $MSFT, $BHI, $HAL, $CBS, $BRCM

November 18, 2014 by Enis • Commentary

Another low volume, tight range trading session. 10 day realized volatility in the S&P 500 index hit 2.5, its lowest level of the past decade. 1. MSFT – Most of the call volume in MSFT was …

Friday’s Notable Options Activity: $OIH, $T, $EMC, $BHI, $IYR

November 17, 2014 by Enis • Commentary

Options volumes were very light on Friday. In fact, it was one of the lightest days of 2014 for options, a reflection of the very low level of realized volatility (10 day realized volatility in …