Business

Some of the fizz has left the stock market as investors reassess hurdles facing consumers and lock in gains from an eight-month rally. That defensive posture may color trading in the upcoming week.

Lots of economic data on tap for next week.

Lots of economic data on tap for next week.

See the rest of the story here.

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Watch your step on the way down next week.

Weaker-than-expected results from Dell (DELL) pushed the tech sector lower Friday, which in turn sent the broad market skidding into the red. Disappointing results from builder D.R. Horton (DHI) also weighed on sentiment, adding to worries the real estate market will continue to hamper a recovery in the U.S. economy.[More...]

The morning started out with a huge pop to my DE calls. Trimmed them back and took 65%. Next BG was getting rolling and I checked my charts and I jumped in. I trimmed some of the position for 40% and held the rest. GRO which was highlighted two days ago, very nice pop today MBI – stuck [...]

BloggingStocks: From TheStreet.com Network Union Pacific, FedEx Lead High-Flying Stocks Obama the Spender Warns on Debt: Today's Outrage TheStreet.com's Jim Cramer says it's not too late to get on board these rocket ships. During the great narrow bull ... Read more

BloggingStocks: Analyst upgrades: Bernstein upgraded General Electric (NYSE: GE) to Outperform from Market Perform Thursday after the close. The firm sees an improved risk/reward on the stock and raised its price target to $19 from $18. Bernstein also ... Read more

Today’s tickers: XRT, MGM, DE, GLD, UUP, NWL, HNZ, EWZ, UNH, OSTK & STEC

XRT - SPDR S&P Retail ETF – A three-legged transaction in the December contract on the retail exchange-traded fund reveals bearish sentiment by one investor. Shares of the XRT are trading nearly 1% higher today to $34.60. It looks like the trader sold call options in order to offset the cost of buying a put spread. The put spread involved the purchase of 5,000 puts at the December 33 strike for a premium of 1.07 apiece, marked against the sale off 5,000 puts at the lower December 30 strike for approximately 37 cents each. The sale of 5,000 calls at the higher December 36 strike knocked another 87 cents per contract off the total price of the bearish play. The investor more than offset the cost of buying the spread and thus receives a net credit of 17 cents per contract. The full credit is retained by the trader as long as shares of the XRT remain below $36.00 through expiration. Additional profits may accumulate if shares dip below $33.00, while maximum potential gains of 3.00 per contract require that shares trade down to $30.00.

MGM - MGM Mirage, Inc. – Shares of the casino resort operator slipped 2.5% lower to $9.40 today but one options optimist initiated a bullish play on the stock in the March 2010 contract. It appears the trader put on a ratio call spread by buying one in-the-money call option for every three out-of-the-money calls sold. The investor purchased 10,000 calls at the deep in-the-money March 7.0 strike for 3.20 apiece and simultaneously sold 30,000 calls at the higher March 12 strike for 1.05 each. The net cost of the transaction is reduced to just one nickel per contract. The investor probably does not expect shares to rally through $12.00 by expiration because he is short 20,000 calls at that strike price in the March contract. Shares of MGM last traded above $12.00 on October 14, 2009.

DE - Deere & Co. – A large bearish butterfly spread appeared in the March 2010 contract on the agricultural equipment maker. The transaction indicates one investor is positioning for significant declines in the price of DE shares by expiration. Shares are down 1% to $46.76 with just under 90 minutes remaining in the trading day. The investor purchased the upper wing of the spread at the March 40 strike…

Schaeffer's analyst Morgan Searcy takes a look at news on the Street before the market open.

Schaeffer's Andrea Kramer takes a look at unusual option activity on the Street

Companies featured in this segment: Siemens AG (NYSE:SI), Caterpillar Incorporated (NYSE:CAT), The Boeing Company (NYSE:BA), Deere & Company (NYSE:DE)BHP Billiton Limited (NYSE:BHP), StatoilHydro ASA (NYSE:STO), Cameco Corporation (NYSE:CCJ), Rio Tinto plc (NYSE:RTP), Rio Tinto plc (NYSE:RTP), BHP Billiton (NYSE:BHP), ArcelorMittal (NYSE:MT), Outokumpu Oyj (HEL:OUT1V), Mitsubishi Corporation (TYO:8058), E.ON AG (OTC:EONGY), RWE AG (OTC:RWEOY), and Reliance Power Limited (BSE:532939)

Schaeffer's analyst Elizabeth Harrow takes a look at the major news of the day on Wall Street.

Schaeffer's analyst Colleen S. King takes a look at news on the Street before the market open.