Intercontinental Exchange Inc Unusual Bullish Options Activity Means Profits for Traders

 Intercontinental Exchange Inc Unusual Bullish Options Activity Means Profits for Traders

In today’s session Intercontinental Exchange Inc (ICE) registered an unusually high (3,000) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious ICE increase. With 3,000 contracts traded and 1174 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: ICE170120C00055000 closed last at: $1.4 or 27.3% up. About 423,795 shares traded hands. Intercontinental Exchange Inc (NYSE:ICE) has declined 77.00% since April 28, 2016 and is downtrending. It has underperformed by 82.92% the S&P500.

Analysts await Intercontinental Exchange Inc (NYSE:ICE) to report earnings on February, 7 before the open. They expect $0.68 earnings per share, up 4.62% or $0.03 from last year’s $0.65 per share. ICE’s profit will be $409.25M for 20.43 P/E if the $0.68 EPS becomes a reality. After $0.64 actual earnings per share reported by Intercontinental Exchange Inc for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

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. $314 is the highest target while $255 is the lowest. The $287.71 average target is 417.65% above today’s ($55.58) stock price. Intercontinental Exchange has been the topic of 33 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock has “Neutral” rating given by JP Morgan on Wednesday, June 1. The stock of Intercontinental Exchange Inc (NYSE:ICE) earned “Buy” rating by Deutsche Bank on Thursday, August 4. The firm has “Sector Perform” rating given on Tuesday, May 10 by RBC Capital Markets. Deutsche Bank maintained Intercontinental Exchange Inc (NYSE:ICE) on Friday, January 8 with “Buy” rating. The company was initiated on Thursday, May 19 by Buckingham Research. The firm earned “Buy” rating on Tuesday, January 5 by Goldman Sachs. Barclays Capital maintained it with “Overweight” rating and $273 target price in Friday, September 4 report. The firm has “Buy” rating given on Friday, May 20 by Sterne Agee CRT. As per Monday, November 2, the company rating was downgraded by Argus Research. The rating was maintained by Barclays Capital with “Overweight” on Tuesday, August 11.

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 increased to 1.01 in 2016 Q2. Its up 0.09, from 0.92 in 2016Q1. The ratio improved, 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.
Junto Cap Management Lp reported 194,650 shares or 7.78% of all its holdings. Pitcairn holds 0.04% of its portfolio in Intercontinental Exchange Inc (NYSE:ICE) for 1,268 shares. Premier Asset Managment Ltd accumulated 50,203 shares or 3.32% of the stock. Livforsakringsbolaget Skandia Omsesidigt last reported 0.12% of its portfolio in the stock. Next last reported 98 shares in the company. Quantum Cap Management has 1,457 shares for 0.05% of their US portfolio. Dnb Asset Mgmt As has 0% invested in the company for 35,606 shares. Trillium Asset Management Lc reported 19,501 shares or 0.33% of all its holdings. The Pennsylvania-based Turner Invests Lp has invested 1.37% in Intercontinental Exchange Inc (NYSE:ICE). Sumitomo Mitsui Tru accumulated 0.15% or 330,832 shares. Euclid Advsr Limited Liability Co holds 0.18% or 16,349 shares in its portfolio. Blackrock Fund Advsrs accumulated 1.40M shares or 0.08% of the stock. Pennsylvania Trust reported 17,965 shares or 0.37% of all its holdings. Winslow Evans & Crocker accumulated 0% or 10 shares. Chase Invest Counsel has 1.88% invested in the company for 16,553 shares.

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 $33.45 billion. The Firm provides data services for commodity and financial markets. It has a 22.74 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.

Another recent and important Intercontinental Exchange Inc (NYSE:ICE) news was published by Fool.com which published an article titled: “Intercontinental Exchange Inc’s Earnings Notch Another Double-Digit Gain” on November 01, 2016.

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