Brent Archer
Virginia, US - http://www.investorsobserver.com

Brent Archer is an options analyst and writer at Investors Observer.

PetSmart (NASDAQ: PETM - option chain) shares are rising today after the company boosted its quarterly dividend to 10 cents per share from 3 cents per share. PetSmart also announced it is planning a $350 million stock buyback. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on PETM.

PETM opened this morning at $21.11. So far today the stock has hit a low of $20.41 and a high of $21.19. As of 11:20, PETM is trading at $20.72 up 0.74 (3.7%). The chart for PETM looks bullish and S&P gives PETM a positive 4 STARS (out of 5) buy ranking.

Tempur-Pedic (NYSE: TPX - option chain) shares are rising today after competitor Sealy Corp. (NYSE: ZZ) reported a preliminary second-quarter profit margin of 40.1 to 41.1 percent on revenue of $294 million to $301 million, in line with analyst forecasts of $296 million. This should be a good sign for TPX as well. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on TPX.

TPX opened this morning at $12.04. So far today the stock has hit a low of $12.01 and a high of $13.22. As of 11:35, TPX is trading at $12.65 up 0.86 (7.3%). The chart for TPX looks neutral and S&P gives TPX a neutral 3 STARS (out of 5) hold ranking.

Genzyme (NASDAQ: GENZ - option chain) stock is down today after the company said it has stopped production at a plant in Massachusetts due to viral contamination in one of its bioreactors. The plant, which produces two of GENZ's leading drugs, Cerezyme and Fabrazyme, should reopen at the end of July. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on GENZ.

This morning, GENZ opened at $51.42. So far today the stock has hit a low of $51.30 and a high of $52.95. As of 11:30, GENZ is trading at $52.80, down $2.82 (-5.1%). The chart for GENZ looks bullish and S&P gives GENZ a positive 5 STARS (out of 5) strong buy ranking.

Rambus Inc. (NASDAQ: RMBS - option chain) shares are rising today after the company said European Union antitrust regulators have agreed to drop a probe and any fines if the company reduces its royalty rates for DRAM memory chip patents. The European Commission had charged RMBS with setting exorbitant royalties for DRAM patents. If you think that the stock won't fall by too much in the coming months, then now could be a good time to look at a bullish hedged trade on RMBS.

RMBS opened this morning at $16.84. So far today the stock has hit a low of $16.55 and a high of $17.81. As of 11:15, RMBS is trading at $17.44 up 2.35 (15.6%). The chart for RMBS looks bullish.

Sina Corp. (NASDAQ: SINA - option chain) stock is falling today after the Chinese internet portal company reported Q1 earnings of $9.75 million, or 17 cents per share against estimates of 22 cents. SINA also forecast second-quarter revenue of $85 to $89 million. Analysts are forecasting revenue of $91.5 million for the quarter. If you think this stock won't be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on SINA.

This morning, SINA opened at $30.13. So far today the stock has hit a low of $29.92 and a high of $31.30. As of 11:00, SINA is trading at $30.46, down $2.47 (-7.5%). The chart for SINA looks bullish.