Could CME Group Inc Change Direction After Today’s Bullish Options Activity?

 Could CME Group Inc Change Direction After Today's Bullish Options Activity?

In today’s session CME Group Inc (CME) registered an unusually high (292) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious CME increase. With 292 contracts traded and 424 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: CME170317C00120000 closed last at: $2.9 or 107.1% up. About 659,329 shares traded hands. CME Group Inc (NASDAQ:CME) has risen 27.02% since April 12, 2016 and is uptrending. It has outperformed by 22.04% the S&P500.

CME Group Inc (NASDAQ:CME) Ratings Coverage

Out of 12 analysts covering CME Group (NASDAQ:CME), 5 rate it a “Buy”, 2 “Sell”, while 5 “Hold”. This means 42% are positive. $118 is the highest target while $2.78 is the lowest. The $94.40 average target is -17.63% below today’s ($114.61) stock price. CME Group has been the topic of 25 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm has “Underperform” rating by CLSA given on Thursday, July 14. The stock has “Buy” rating given by Deutsche Bank on Friday, January 8. On Wednesday, October 5 the stock rating was maintained by Deutsche Bank with “Buy”. The stock has “Neutral” rating given by Credit Suisse on Wednesday, January 6. Deutsche Bank maintained it with “Buy” rating and $105 target price in Tuesday, January 26 report. On Wednesday, January 13 the stock rating was upgraded by JP Morgan to “Overweight”. Barclays Capital maintained the shares of CME in a report on Tuesday, August 11 with “Equal Weight” rating. As per Friday, March 11, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Wednesday, August 31 by Jefferies. The rating was maintained by Deutsche Bank with “Buy” on Friday, July 29.

According to Zacks Investment Research, “Chicago Mercantile Exchange Holdings is the parent company of Chicago Mercantile Exchange Inc, the largest futures exchange in the United States based on notional value, trading volume and open interest. As an international marketplace, CME brings together buyers and sellers on its trading floors and GLOBEX around-the-clock electronic trading platform. CME offers futures contracts and options on futures primarily in four product areas: interest rates, stock indexes, foreign exchange and commodities.”

Insitutional Activity: The institutional sentiment increased to 1.39 in 2016 Q2. Its up 0.30, from 1.09 in 2016Q1. The ratio increased, as 40 funds sold all CME Group Inc shares owned while 170 reduced positions. 57 funds bought stakes while 235 increased positions. They now own 260.02 million shares or 1.16% less from 263.08 million shares in 2016Q1.
Mitchell Mcleod Pugh Williams holds 0.6% or 6,857 shares in its portfolio. Fieldpoint Private Advsrs Incorporated has invested 2.45% of its portfolio in CME Group Inc (NASDAQ:CME). Tudor Corporation Et Al, a Connecticut-based fund reported 120,041 shares. Wfg Advsr L P reported 22 shares or 0% of all its holdings. Moreover, Astenbeck Capital Mngmt Ltd Llc has 2.4% invested in CME Group Inc (NASDAQ:CME) for 30,000 shares. Mufg Americas Corp holds 833 shares or 0% of its portfolio. Citigroup Inc accumulated 634,050 shares or 0.06% of the stock. Oregon Pub Employees Retirement Fund last reported 51,072 shares in the company. Moreover, Welch Lc has 0.03% invested in CME Group Inc (NASDAQ:CME) for 1,319 shares. Moreover, Commonwealth Equity has 0.03% invested in CME Group Inc (NASDAQ:CME) for 37,494 shares. Raymond James Trust Na has 0.13% invested in the company for 16,185 shares. Keybank Association Oh holds 0.25% or 397,973 shares in its portfolio. Congress Asset Company Ma has invested 0.2% of its portfolio in CME Group Inc (NASDAQ:CME). Thornburg holds 4.24 million shares or 3.19% of its portfolio. The Japan-based Mitsubishi Ufj & Corporation has invested 0.19% in CME Group Inc (NASDAQ:CME).

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 29 selling transactions for $18.00 million net activity. Another trade for 3,900 shares valued at $377,208 was sold by Pietrowicz John W.. $32,700 worth of CME Group Inc (NASDAQ:CME) was sold by GEPSMAN MARTIN J on Friday, September 2. $366,363 worth of shares were sold by Sammann Derek on Tuesday, August 2. Shares for $226,826 were sold by TAYLOR KIMBERLY S on Tuesday, May 31. GILL PHUPINDER sold $3.30 million worth of stock or 30,002 shares. On Monday, September 19 the insider Piell Hilda Harris sold $98,230. Durkin Bryan T sold $1.62M worth of stock.

CME Group Inc. is a provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The company has a market cap of $38.01 billion. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. It has a 26.73 P/E ratio. The Firm connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City.

CME Company Profile

CME Group Inc., incorporated on August 2, 2001, is a well-known provider of products across all major asset classes, based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities and metals. The Company’s products include both exchange-traded and privately negotiated futures and options contracts and swaps. The Firm connects buyers and sellers together through its CME Globex electronic trading platform across the globe and its open outcry trading facilities in Chicago and New York City, and provides hosting, connectivity and customer support for electronic trading through its co-location services. The Company’s CME Direct technology offers side-by-side trading of exchange-listed and privately negotiated markets. The Firm provides clearing and settlement services for exchange-traded contracts, as well as for cleared swaps, and provides regulatory reporting solutions for market participants through its global repository services in the United States, United Kingdom, Canada and Australia. The Firm offers a range of market data services, including live quotes, delayed quotes, market reports and a historical data service.

More notable recent CME Group Inc (NASDAQ:CME) news were published by: Wsj.com which released: “CME Group’s CEO to Retire at Year’s End” on November 11, 2016, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades After Election: Ciena, CME Group, Energy …” published on November 14, 2016, Prnewswire.com published: “CME Group Inc. Reports Strong Third-Quarter 2016 Financial Results” on October 27, 2016. More interesting news about CME Group Inc (NASDAQ:CME) were released by: Prnewswire.com and their article: “CME Group Announces First Trades of Alumina FOB Australia (Platts) Futures” published on October 26, 2016 as well as Benzinga.com‘s news article titled: “10 Stocks That Rallied Four Days, Then Sold Off On Friday” with publication date: November 14, 2016.

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