Is Buying Intercontinental Exchange Inc Here a Winning Strategy? Option Traders Like The Stock

 Is Buying Intercontinental Exchange Inc Here a Winning Strategy? Option Traders Like The Stock

In today’s session Intercontinental Exchange Inc (ICE) registered an unusually high (422) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious ICE increase. With 422 contracts traded and 2124 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: ICE161118C00280000 closed last at: $2.55 or 30.8% up. About 312,378 shares traded hands. Intercontinental Exchange Inc (NYSE:ICE) has risen 11.87% since March 31, 2016 and is uptrending. It has outperformed by 9.35% the S&P500.

Intercontinental Exchange Inc (NYSE:ICE) Ratings Coverage

Out of 12 analysts covering Intercontinental Exchange (NYSE:ICE), 9 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 75% are positive. Intercontinental Exchange has been the topic of 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Barclays Capital maintained it with “Overweight” rating and $273 target price in Friday, September 4 report. As per Tuesday, January 5, the company rating was reinitiated by Goldman Sachs. The firm has “Hold” rating given on Sunday, August 9 by Standpoint Research. Deutsche Bank maintained Intercontinental Exchange Inc (NYSE:ICE) on Thursday, August 6 with “Buy” rating. The firm has “Sector Perform” rating given on Wednesday, December 9 by RBC Capital Markets. The rating was initiated by Buckingham Research on Thursday, May 19 with “Buy”. On Thursday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”. JP Morgan upgraded Intercontinental Exchange Inc (NYSE:ICE) rating on Wednesday, June 1. JP Morgan has “Neutral” rating and $284 price target. The stock has “Sector Perform” rating given by RBC Capital Markets on Tuesday, May 10. The company was initiated on Friday, May 20 by Sterne Agee CRT.

According to Zacks Investment Research, “IntercontinentalExchange Group, Inc. is the leading network of regulated exchanges and clearing houses for financial and commodity markets. It delivers data, technology and risk management services to markets around the world through its portfolio of exchanges, including the New York Stock Exchange, ICE Futures, Liffe and Euronext. The Company offers access to contracts based on crude oil and refined products, natural gas, power and emissions, as well as agricultural commodities including cocoa, coffee, cotton, orange juice, and sugar. IntercontinentalExchange Group, Inc., formerly known as IntercontinentalExchange, Inc., is based in Atlanta, Georgia.”

Insitutional Activity: The institutional sentiment decreased to 0.92 in Q2 2016. Its down 0.38, from 1.3 in 2016Q1. The ratio worsened, as 56 funds sold all Intercontinental Exchange Inc shares owned while 214 reduced positions. 55 funds bought stakes while 194 increased positions. They now own 103.79 million shares or 1.19% more from 102.57 million shares in 2016Q1.
Gideon Capital Advisors Incorporated holds 4,978 shares or 0.74% of its portfolio. Whittier Tru Co, a California-based fund reported 179 shares. Fortaleza Asset Mgmt Incorporated, a Illinois-based fund reported 30 shares. Gulf Financial Bank (Uk) Ltd holds 0.15% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 35,344 shares. Us Comml Bank De holds 0.01% or 13,770 shares in its portfolio. Tokio Marine Asset Mgmt accumulated 3,520 shares or 0.09% of the stock. Gofen Glossberg Ltd Liability Company Il has 0.21% invested in the company for 19,568 shares. Parametric Assocs Limited Com last reported 0.18% of its portfolio in the stock. New Mexico Educational Retirement Board accumulated 0.16% or 13,884 shares. Hudock Grp Ltd Llc has 48 shares for 0.01% of their US portfolio. Cantillon Mgmt Limited holds 1.04M shares or 4.48% of its portfolio. Argent Tru Comm last reported 985 shares in the company. Bb&T last reported 0.03% of its portfolio in the stock. Emerald Advisers Inc Pa has 0.04% invested in the company for 3,517 shares. Baldwin Investment Mgmt Limited Liability has 910 shares for 0.1% of their US portfolio.

Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., is an operator of regulated exchanges, clearing houses and listings venues. The company has a market cap of $30.74 billion. The Firm provides data services for commodity and financial markets. It has a 21.9 P/E ratio. The Firm operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada.

ICE Company Profile

Intercontinental Exchange, Inc., formerly IntercontinentalExchange Group, Inc., incorporated on March 6, 2013, is an operator of regulated exchanges, clearing houses and listings venues. The Firm provides data services for commodity and financial markets. The Firm operates in the United States, the United Kingdom, continental Europe, Asia, Israel and Canada. The Firm operates regulated marketplaces for trading and clearing a range of derivatives and securities contracts across asset classes, including energy and agricultural commodities, interest rates, equities, equity derivatives, credit derivatives, bonds and currencies. The Firm provides various services to its customers, such as pre-trade to execution, clearing, data services and technology.

More news for Intercontinental Exchange Inc (NYSE:ICE) were recently published by: Fool.com, which released: “Intercontinental Exchange Inc’s Earnings Notch Another Double-Digit Gain” on November 01, 2016. Zacks.com‘s article titled: “Intercontinental Exchange’s September Volume Increases” and published on October 11, 2016 is yet another important article.

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