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Schaeffer's Option Skews: Relatively Heavy Put Activity on Knight Capital Group Inc, Petroleo Brasileiro SA, and Wynn Resorts L

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^{Published in Business and Finance on Thursday, February 12th 2009 at 8:09 GMT, Last Modified on 2009-02-12 08:10:12 by Market Wire}  

CINCINNATI--([ BUSINESS WIRE ])--Knight Capital Group Inc (NASDAQ: NITE), Petroleo Brasileiro SA (NYSE: PBR), and Wynn Resorts Limited (NASDAQ: WYNN) are the stocks that stand out from Wednesday's put activity.

The skepticism on Knight Capital comes as the stock posted a minor pullback in the midst of a short-term uptrend. A steady pattern of higher lows off the October bottom suggests buyers are continuing to come in off the sidelines. However, the Street has yet to embrace the stock. The sentiment profile shows four analysts follow the stock but all are still sitting on hold ratings.

The bets against Petroleo Brasileiro continues the put activity discussed Monday. Shares remain in a near-term uptrend but they did just hit a short-term overbought reading.

To continue reading this article, click here: [ http://www.schaeffersresearch.com/commentary/content/option+skews+-+relatively+heavy+put+activity+on+knight+capital+group+inc+petroleo+brasileiro+sa+and+wynn+resorts+limited+/trading_floor_blog.aspx??single=true&blogid=91135&source=businesswire ]