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Implied Volatility Rising on China Precision Steel, Inc
Friday, 19 February 2010
HomeOptions News and Trade IdeasOptions Education and StrategiesOptions Live EventsImplied Volatility Rising on China Precision Steel, Inc.; CPSL, MT, MTL Option traders are pushing implied volatility levels higher at an accelerating clip on China Precision Steel, Inc.'s (CPSL) options. CPSL's implied volatility levels jumped from 71.59 percent yesterday to 90.34 percent today---a day-over-day gain of 26.19 percent, which sets CPSL up for some interesting option trades.
Other, more specific options trade ideas are outlined in 5 Options Trades for 2010.
Of course, it is always important to keep implied volatility levels in perspective relative to what they have been in the past for a specific stock because what is considered high implied volatility for one stock may actually be considered low implied volatility for another stock. Looking back at the implied volatility levels for CPSL during the past year, we can see that the highest level CPSL has seen is 169.01 percent and the lowest level CPSL has seen is 58.03 percent. So CPSL's current implied volatility level of 90.34 is closer to its low for the year.
Seeing that CPSL's implied volatility is rising and that it is closer to its low for the year, you now have to determine if you are bullish or bearish on the stock.
If you are bullish and want to be more conservative, you may want to look at doing a pairs trade---buying a call on one stock and buying a put on the other stock---between CPSL and Arcelor Mittal (MT) or between CPSL and Mechel OAO (MTL) to hedge some of the risk you may take on by trading CPSL alone. MTL and MT are both part of the Steel & Iron industry.
Want to trade options like a pro? Try Options Coaching FREE and learn to make big profits trading options.
You may also want to look at employing one of the following strategies if you are bullish:
- Selling a naked put
- Entering a vertical spread by buying an ITM call and selling an ATM call
- Entering a vertical spread by buying an OTM put and selling an ATM put
On the other hand, if you are bearish, you may want to look at employing one of the following strategies:
- Selling a naked call
- Entering a vertical spread by buying an OTM call and selling an ATM call
- Entering a vertical spread by buying an ITM put and selling an ATM put
More...
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CPSL going up eom
Press Release Source: Beacon Equity On Wednesday February 17, 2010, 6:50 am EST
DALLAS, Feb. 17, 2010 (GLOBE NEWSWIRE) -- BeaconEquity.com announces an investment report featuring China Precision Steel Inc. (Nasdaq:CPSL - News). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
It is available at: http://www.beaconequity.com/i/CPSL
Get our alerts BEFORE the rest of the market. Follow us on Twitter: http://twitter.com/BeaconEquity
China Precision Steel Inc. (CPSL) is a steel processing company principally engaged in the manufacture and sale of high precision cold-rolled steel products and in the provision of heat treatment and cutting of medium and high carbon hot-rolled steel strips. The Company conducts its operations principally in China through its wholly owned operating subsidiaries, Shanghai Chengtong Precision Strip Co. Ltd. (Chengtong) and Shanghai Blessford Alloy Co. Ltd. (Shanghai Blessford).
Message Board Search for CPSL: http://www.boardcentral.com/boards/CPSL
In the report, the analyst notes:
"Gross profit in the second quarter was $3.6 million, up 5.3% from gross profit in the same period a year ago of $3.5 million. Gross margin was 13.5% compared to 19.6% in the second quarter of fiscal 2009. The decline in gross margin was mainly due to decrease in average selling prices, which was partially offset by decrease in average cost per unit sold period-on-period.
"CPSL began initial production runs at its new mill in January 2010 and is currently in the process of ramping up production capacity. The mill is expected to reach its full design capacity of 100,000 tons in approximately four years, increasing the Company's total production design capacity by 33%. CPSL expects to incur an additional $900,000 in capital expenditure for the completion of the new mill and annealing furnaces."
To read the entire report visit: http://www.beaconequity.com/i/CPSL
See what investors are saying about CPSL at penny stock forum
BeaconEquity.com is one of the industry's largest small-cap report providers. Beacon strives to provide a balanced view of many promising small-cap companies that would otherwise fall under the radar of the typical Wall Street investor. We provide investors with an excellent first step in their research and due diligence by providing daily trading ideas, and consolidating the public information available on them. For more information on Beacon Research, please visit http://www.BeaconEquity.com.
Beacon Equity Disclosure
DO NOT BASE ANY INVESTMENT DECISION UPON ANY MATERIALS FOUND ON THIS REPORT. We are not registered as a securities broker-dealer or an investment adviser either with the U.S. Securities and Exchange Commission (the "SEC") or with any state securities regulatory authority. We are neither licensed nor qualified to provide investment advice. Beacon Equity Research nor its affiliates have a beneficial interest in the mentioned company; nor have they received compensation of any kind for any of the companies listed in this communication. The information contained in our report is not an offer to buy or sell securities. We distribute opinions, comments and information free of charge exclusively to individuals who wish to receive them.
CPSL
Over 1M shares traded
CPSL Good 10Q out, great part share numbers stayed the same 46,562,955 OS
I-Man how does this help CPSL? eom
CPSL is up nice today. Should go higher.
Posted by: I-Man Date: Friday, January 01, 2010 10:06:58 AM
In reply to: None Post # of 228
Good 2008 article RE" CPSL advances & growth projections then.... Stock was at exact same level then as it is today and as I have believed, is extremely undervalued and oversold and even overlooked from the frenzy of 2009 markets as a whole in the last 1-2 years.... It's time is overdue for greater growth and as the Deutsche Bank upgrade now to 10.00 near term indicates, this is destined for much higher share price.
CPSL:
China Precision Steel Inc. (NASDAQ:CPSL) makes specialty steel products for use in other industries. CPSL essentially takes pre-made blocks of steel and turns this "raw" steel into precisely measured steel pieces that serve as components in automobiles, microelectronics, and other manufactured goods. CPSL's products are also used in plane friction discs, appliances, food packaging materials, saw blades, and textile needles.
Though it has no direct domestic competitors as of mid-2008, CPSL does compete with larger foreign exporters to China, which account for 85-90% of the premium steel industry in China. However, due to technological and geographical advantages, CPSL offers its products at a 10% discount to international prices, and with shorter delivery times. CPSL is also actively searching for new business in foreign countries. Although most of CPSL’s sales are made in China, it began exporting its cold-rolled steel products to Nigeria, Thailand, Indonesia and the Philippines in fiscal 2007. The company plans to continue its international expansion and establish itself in the global thin sheet metal manufacturing industry.
In response to increasing demand for its steel products, China Precision has built a second mill and plans to build a third in 2008. CPSL, with its second mill, is the only company in the world that can manufacture 1400mm wide ultra-thin high carbon steel, which was introduced in 2007 and accounted for 27% of that year's sales. The third mill will manufacture 1700mm wide cold rolled steel products, adding 150,000 tons of capacity. China Precision has used stock sales (dilutions) to fund these expansions, which has diluted existing shareholder value. China Precision has funded its acquisitions in this way for a reason, however; the cost of borrowing in China has increased as the government tightens credit by increasing interest rates, which explains CPSL's choice of stock sales to fund its expansion.
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We need to check this out.
No brag Look at the action today.
Now 14M + traded
Getting close to sub penny!
6 Million + shares traded on yahhoo
Question is? Is it buying or selling?
Sub Penny Today!!!!!!!!!!
Jarta do you know what happen to T. H. from ecnc?
Any one out there??
Pope; You say your not selling are you buying?
Buying more shares I don't think so.
I do own 2,650,000 shares now. eom
So should I buy, say, 5,000,000 shares on a guess it might go up?
no_brag_just_fact
Do you know why we have over 1M traded or any guess to why??
And Why?
So who is buying??????????
Is this dog going to run??????
Do we have a bid yet????????????
wow over 1M traded. eom
Is today the day the stock goes sub penny?!
This could be CPSL's best quater yet. $40,000,000+ in SALES REVENUE.JHO
CPSL news
Press Release
Source: China Precision Steel, Inc.
On 9:00 am EST, Wednesday November 11, 2009
Buzz up! 0 Print.Companies:China Precision Steel, Inc.
SHANGHAI, China, Nov. 11 /PRNewswire-Asia/ -- China Precision Steel, Inc. (Nasdaq: CPSL - News; "China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Tuesday, November 17, 2009 to discuss the first quarter fiscal 2010 results.
Related Quotes
Symbol Price Change
CPSL 2.36 +0.06
{"s" : "cpsl","k" : "c10,l10,p20,t10","o" : "","j" : ""} Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director.
To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-419- 5570, international callers should dial 617-896-9871; conference passcode is 702 339 93.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, November 17, 2009 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 10033651. International callers should dial 617-801-6888 and enter the same passcode.
This conference call will be broadcast live over the Internet and may be accessed by clicking on http://www.chinaprecisionsteelinc.com . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.
About China Precision Steel, Inc.
China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold- rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com .
For more information, please contact:
China Precision Steel
Dan Carlson
Email: DanielCarlson@comcast.net
Elite IR
Leslie J. Richardson, Partner
Tel: +852-3183-0283
Email: Leslie.richardson@elite-ir.com
Press Release
Source: China Precision Steel, Inc.
On 9:00 am EST, Wednesday November 11, 2009
Buzz up! 0 Print.Companies:China Precision Steel, Inc.
SHANGHAI, China, Nov. 11 /PRNewswire-Asia/ -- China Precision Steel, Inc. (Nasdaq: CPSL - News; "China Precision Steel" or the "Company"), a niche precision steel processing company principally engaged in producing and selling high precision cold-rolled steel products, today announced that it will conduct a conference call at 9:00 a.m. Eastern Time on Tuesday, November 17, 2009 to discuss the first quarter fiscal 2010 results.
Related Quotes
Symbol Price Change
CPSL 2.36 +0.06
{"s" : "cpsl","k" : "c10,l10,p20,t10","o" : "","j" : ""} Joining Ms. Leada Li, Chief Financial Officer of China Precision Steel, will be Dan Carlson, Non-Executive Director.
To participate in the live conference call, please dial the following number fifteen minutes prior to the scheduled conference call time: 888-419- 5570, international callers should dial 617-896-9871; conference passcode is 702 339 93.
If you are unable to participate in the call at this time, a replay will be available for 14 days starting on Tuesday, November 17, 2009 at 11:00 a.m. Eastern Time. To access the replay, dial 888-286-8010 and enter the passcode 10033651. International callers should dial 617-801-6888 and enter the same passcode.
This conference call will be broadcast live over the Internet and may be accessed by clicking on http://www.chinaprecisionsteelinc.com . Please access the link at least fifteen minutes prior to the start of the call to register, download, and install any necessary audio software. For those unable to participate during the live broadcast, a 90-day replay will be available shortly after the call by accessing the same link.
About China Precision Steel, Inc.
China Precision Steel, Inc. is a niche precision steel processing company principally engaged in the production and sale of high precision cold-rolled steel products and provides value added services such as heat treatment and cutting medium and high carbon hot-rolled steel strips. China Precision Steel's high precision, ultra-thin, high strength (7.5 mm to 0.05 mm) cold- rolled steel products are mainly used in the production of automotive components, food packaging materials, saw blades and textile needles. The Company primarily sells to manufacturers in the People's Republic of China and is expanding into overseas markets such as Nigeria, Thailand, Indonesia and the Philippines. China Precision Steel was incorporated in 2002 and is headquartered in Sheung Wan, Hong Kong. Additional information can be found at the Company's website http://chinaprecisionsteelinc.com .
For more information, please contact:
China Precision Steel
Dan Carlson
Email: DanielCarlson@comcast.net
Elite IR
Leslie J. Richardson, Partner
Tel: +852-3183-0283
Email: Leslie.richardson@elite-ir.com
ChinaStockPicker, do you have a top 5 or ten 'Emerging Chinese Small Caps' companies?
"JHO" SALES REVENUE for CPSL Q ending 9-30-2009 will be above $40,000,000 this should move the stock price up.
down some ????? why