Some Traders See Unusual Bullish Options Activity in Dow Chemical Co

 Some Traders See Unusual Bullish Options Activity in Dow Chemical Co

In today’s session Dow Chemical Co (DOW) registered an unusually high (494) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious DOW increase. With 494 contracts traded and 1214 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: DOW161216C00055500 closed last at: $0.5 or 18% down. About 2.95 million shares traded hands. Dow Chemical Co (NYSE:DOW) has risen 3.12% since April 25, 2016 and is uptrending. It has underperformed by 2.89% the S&P500.

Analysts await Dow Chemical Co (NYSE:DOW) to report earnings on February, 7. They expect $0.90 EPS, down 3.23% or $0.03 from last year’s $0.93 per share. DOW’s profit will be $1.01B for 15.01 P/E if the $0.90 EPS becomes a reality. After $0.91 actual EPS reported by Dow Chemical Co for the previous quarter, Wall Street now forecasts -1.10% negative EPS growth.

Dow Chemical Co (NYSE:DOW) Ratings Coverage

Out of 13 analysts covering The Dow Chemical Company (NYSE:DOW), 8 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 62% are positive. The Dow Chemical Company has been the topic of 34 analyst reports since August 20, 2015 according to StockzIntelligence Inc. The firm earned “Hold” rating on Monday, August 24 by Zacks. As per Friday, October 23, the company rating was maintained by RBC Capital Markets. The firm earned “Hold” rating on Friday, October 23 by S&P Research. The firm has “Buy” rating given on Thursday, August 20 by Deutsche Bank. Citigroup upgraded Dow Chemical Co (NYSE:DOW) on Monday, October 3 to “Buy” rating. The firm earned “Equal Weight” rating on Monday, May 2 by Barclays Capital. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, June 28. UBS downgraded Dow Chemical Co (NYSE:DOW) on Tuesday, December 15 to “Neutral” rating. RBC Capital Markets upgraded Dow Chemical Co (NYSE:DOW) on Wednesday, February 3 to “Top Pick” rating. The firm earned “Neutral” rating on Friday, January 22 by Citigroup.

According to Zacks Investment Research, “Dow Chemical Company is a science and technology company that provides innovative chemical, plastic and agricultural products and services to many essential consumer markets. Dow serves customers in countries across the globe and a wide range of markets that are vital to human progress, including food, transportation, health and medicine, personal and home care, and building and construction, among others. Committed to the principles of sustainable development, Dow seeks to balance economic, environmental and social responsibilities. (Company Press Release)”

Insitutional Activity: The institutional sentiment increased to 1.34 in 2016 Q2. Its up 0.18, from 1.16 in 2016Q1. The ratio improved, as 60 funds sold all Dow Chemical Co shares owned while 354 reduced positions. 70 funds bought stakes while 410 increased positions. They now own 734.11 million shares or 6.94% less from 788.82 million shares in 2016Q1.
Blackrock Inc has invested 0.19% of its portfolio in Dow Chemical Co (NYSE:DOW). General Electr holds 0.01% of its portfolio in Dow Chemical Co (NYSE:DOW) for 57,099 shares. Guardian Capital Limited Partnership holds 0.17% of its portfolio in Dow Chemical Co (NYSE:DOW) for 209,306 shares. Arrowpoint Asset Management Limited Liability reported 8,133 shares or 0.01% of all its holdings. At Bank & Trust last reported 0.05% of its portfolio in the stock. Symphony Asset Mngmt Limited Liability Corporation, a California-based fund reported 69,737 shares. United Capital Financial Advisers Ltd Limited Liability Company holds 32,133 shares or 0.02% of its portfolio. Neuberger Berman Gp Ltd Liability Corporation last reported 0.03% of its portfolio in the stock. Wealthtrust Axiom Ltd last reported 0.51% of its portfolio in the stock. Kbc Group Nv has 300,193 shares for 0.21% of their US portfolio. California Employees Retirement System has 0.25% invested in the company for 3.06M shares. Jacobs Levy Equity Mgmt accumulated 0.14% or 131,444 shares. Mizuho Bancshares Ltd owns 45,000 shares or 0.43% of their US portfolio. Epoch Inv Prns has 4.16M shares for 0.77% of their US portfolio. Virginia Retirement Systems Et Al owns 260,700 shares or 0.19% of their US portfolio.

The Dow Chemical Company is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The company has a market cap of $60.72 billion.

DOW Company Profile

The Dow Chemical Company (Dow), incorporated June 11, 1947, is a maker and supplier of products used primarily as raw materials in the manufacture of customer services and products across the world. The Firm operates in five divisions: Agricultural Sciences, Consumer Solutions, Infrastructure Solutions, Performance Materials & Chemicals, and Performance Plastics. The Firm serves various industries, such as appliance, automotive, agricultural, building and construction, chemical processing, electronics, furniture, housewares, gas and oil, packaging, paints, coatings and adhesives, personal care, pharmaceutical, processed foods, pulp and paper, textile and carpet, utilities and water treatment.

Another recent and important Dow Chemical Co (NYSE:DOW) news was published by Fool.com which published an article titled: “Dow Chemical Q3 Earnings Beat Expectations Amid Merger Delays” on October 31, 2016.

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