Posts Tagged ‘FLO’

Symantec Corp. Calls Look For Shares To Extend Rally

 

Today’s tickers: SYMC, ADS & FLO

SYMC - Symantec Corp. – Shares in the maker of security software traded up as much as 1.0% to a new 52-week high of $22.91 during the first few hours of the trading day, but are off earlier highs at present to stand just 0.05% higher on the day at $22.68 as of midday in New York. The stock has risen nearly 30% during the past six months, and some options traders appear to be positioning for the price of the underlying to extend gains during the next couple of months. The most actively traded options contracts on Symantec today are the April $25 strike calls, with upwards of 8,000 call options changing hands against open interest of 600 contracts. Traders paid an average premium of $0.20 apiece for the $25 calls, and may profit at April expiration in the event that SYMC shares rally 11% during the next nine weeks to top $25.20.

FLO - Flowers Foods, Inc. – Put options are changing hands on Flowers Foods this morning, with shares in the maker of breads, buns and snack cakes down 1.4% at $27.61 in early afternoon trading. Heavy put buying on Flowers in the early going drove overall options volume above 4,500 contracts, sizable volume versus the stock’s average daily level of around 470 contracts. Most of the activity is in the Mar. $25 strike puts, which appear to have been purchased roughly 4,000 times for an average premium of $0.37 apiece. Traders snapping up downside puts on Flowers stand ready to profit at expiration next month should shares in the food products company drop 11% to settle below the average breakeven price of $24.63. The Thomasville, Georgia-based bread maker has bid on certain Hostess bread bakeries and bread brands ahead of a competitive auction at the end of the month. Flowers Foods shares have rallied more than 35% since Hostess declared bankruptcy in mid-November.…
continue reading


Tags: , ,




Analyst Upgrade Spurs Action In Skechers Options, Lifts Shares

 

Today’s tickers: SKX, FLO & STJ

Options brief will resume November 27, 2012.

SKX - Skechers USA, Inc. – An upgrade to ‘Positive’ from ‘Neutral’ with a 12-month target price increase to $22.00 from $19.00 at Susquehanna today kicked shares in shoemaker, Skechers USA, Inc., up as much as 13.6% to $19.26 on Wednesday. The sharp rise in shares sparked heavier-than-usual trading traffic in Skechers options this morning, with notable volumes building in upside calls on the footwear company. It looks like some traders are positioning for shares in the name to extend gains, while other strategists are taking profits on previously established bullish positions. The Dec. $17 strike call changed hands 1,000 times against open interest of 1,445 contracts within minutes of the opening bell today. Much of the open interest in the $17 strike call is the result of trading that took place on Monday; 1,000 of these contracts were purchased on Monday afternoon at a premium of $0.74 apiece. Today, it looks like the buyer of those 1,000 option contracts is selling-to-close the position for an average premium of $1.90 each, and pocketing net profits of around $1.16 per contract in the process. Fresh in-the-money call buying on SKX is apparent at the Dec. $18 strike where 300 lots were purchased at an average premium of $1.07 each. Buyers of these contracts profit at expiration next month as long as shares in Skechers settle above the average breakeven price of $19.07. Bullish positioning spread to the Jan. $18 and $20 strike calls, as well. Traders snapped up roughly 200 lots at each striking price, paying average premiums of $1.72 and $0.68 per contract, respectively. Upwards of 3,300 call and put options are in play on the Manhattan Beach, Calif.-based company as of 11:50 a.m. ET, versus the stock’s average daily options volume of around 430 contracts. Calls are far more active than puts, with the call-to-put ratio up above 11.6 as of the…
continue reading


Tags: , ,




Flowers Foods Options In Play As Shares Flourish On Hostess Brands Bankruptcy

 

Today’s tickers: FLO, JPM & SFD

FLO - Flowers Foods, Inc. – Shares in the provider of packaged bakery products are up nearly 7% this morning at $23.86 as of 11:35 a.m. after the stock was raised to ‘buy’ from ‘hold’ with a 12-month target price of $25.00 at Keybanc Capital Markets. Flowers Foods, Inc., which sells its products under a number of brands, including Sunbeam and Tastykake, has attracted far greater-than-usual options activity in recent trading sessions on speculation the Thomasville, Georgia-based baker may consider purchasing some of rival Hostess Brands, Inc.’s assets as that company enters bankruptcy proceedings this week. Flowers Foods shares are up nearly 30% since Monday of last week. Traders positioning for shares in the name to extend gains purchased upside calls on Flowers this morning. The Dec. $25 strike call was purchased 50 times for a premium of $0.15 apiece, while 140 of the Jan. 2013 $25 strike calls were picked up at an average premium of $0.33 each. These contracts make money if shares in the name hit fresh 52-week highs by their respective expiration dates. Meanwhile, strategists who established bullish positions last week are seeing sizable gains in the value of their option contracts as shares sprint to the upside. The purchaser of 90 calls at the Dec. $20 strike last Monday for a premium of $0.30 apiece now holds contracts that cost $3.90 apiece, or thirteen times as much, as of midday in New York. Similarly, traders who picked up 180 of the April 2013 $22.5 strike calls at $0.90 apiece on Friday, find the value of their contracts increased 120% to $2.00 since the prior trading session. Finally, put buying at the $22.5 strikes in January and April indicates some traders are establishing downside protection to hedge possible declines in the price of the underlying in the months ahead. Overall options volume on Flowers this morning is greater than 1,050 contracts versus the stock’s average daily options volume of 45 contracts.…
continue reading


Tags: , ,




 
 
 

Phil's Favorites

Retail rage: Why Black Friday leads shoppers to behave badly

 

Retail rage: Why Black Friday leads shoppers to behave badly

Courtesy of Jaeha Lee, North Dakota State University

The manic nature of Black Friday has at times led shoppers to engage in fistfights and other misbehavior in their desperation to snatch up the last ultra-discounted television, computer or pair of pants.

What is it about the day after Thanksgiving – a day meant to celebrate togetherness and shared feasting – that inspires consumers to misbehave?

Fellow researchers Sharron Lennon, Minjeong Kim, Kim Johnson and I have in recent years been exploring the causes of consumer misbehavior on Black Friday, historically ...



more from Ilene

Zero Hedge

Brexit Budget - Grim Outlook As UK Economy Downgraded

Courtesy of ZeroHedge. View original post here.

Brexit budget - Grim outlook as UK economic forecasts downgrade

- UK Chancellor uses housing market policy as smoke-screen for deteriorating economy

- UK budget matters more than ever due to BREXIT risks

- Policy on stamp duty will fail to aid worsening housing market

- Real GDP expected to grow by just 1.5%, 40% less than projections 2 years ago

- Househ...



more from Tyler

Digital Currencies

Bitcoin: An Unknowable Bubble?

Courtesy of ZeroHedge. View original post here.

"Whatever [Bitcoin] is, I missed it... It looks and smells like all the bubbles I have seen throughout history." - billionaire investor Jim Rogers

Authored by Constantin Gurdgiev via True Economics blog,

There is a much-discussed in the crypto-sphere chart making rounds these days, plotting Bitcoin price dynamics against the historical bubbles of the past:

...



more from Bitcoin

Insider Scoop

8 Stocks To Watch For November 22, 2017

Courtesy of Benzinga.

Related CRM 9 Stock's Moving In Tuesday's After Hours Session Salesforce Falls Despite Q3 Beat The Vetr co...

http://www.insidercow.com/ more from Insider

Chart School

Russell 2000 and Semiconductor New Highs / S&P Breaks

Courtesy of Declan.

The S&P broke higher to confirm a 'bear trap' and also closed at a new all-time high. Volume climbed to register an accumulation day but there were further losses in relative performance and continued losses in the MACD.


The Nasdaq posted a gap-driven 1% gain to bring it ever closer to channel resistance. It hasn't yet tagged resistance but it looks well placed to do so by the end of the week. Technical are all bullish.

...

more from Chart School

Biotech

The two obstacles that are holding back Alzheimer's research

Reminder: Pharmboy and Ilene are available to chat with Members, comments are found below each post.

 

The two obstacles that are holding back Alzheimer's research

Courtesy of Todd GoldeUniversity of Florida

Family members often become primary caregivers for loved ones with Alzheimer’s disease. tonkid/Shutterstock.com

Thirty years ago, scientists began to unlock the mysteries regarding the cause of Alzheimer’...



more from Biotech

ValueWalk

Robert Mugabe Under House Arrest, Military Takes Control Of Zimbabwe

By Andjela Radmilac. Originally published at ValueWalk.

Zimbabwe’s head of state, 93-year-old Robert Mugabe, has been placed under house arrest after what seems to be a military coup took place in the nation’s capital.

By U.S. Navy photo by Mass Communication Specialist 2nd Class Jesse B. Awalt/Released [Public domain], via Wikimedia CommonsRobert Mugabe is safe

Following numerous reports on social media late Thursday night about the increased military presence in Harare, the capital of Zimbabwe, the country’s military took...



more from ValueWalk

Members' Corner

An Interview with David Brin

Our guest David Brin is an astrophysicist, technology consultant, and best-selling author who speaks, writes, and advises on a range of topics including national defense, creativity, and space exploration. He is also a well-known and influential futurist (one of four “World's Best Futurists,” according to The Urban Developer), and it is his ideas on the future, specifically the future of civilization, that I hope to learn about here.   

Ilene: David, you base many of your predictions of the future on a theory of historica...



more from Our Members

Mapping The Market

Puts things in perspective

Courtesy of Jean-Luc

Puts things in perspective:

The circles don't look to be to scale much!

...

more from M.T.M.

OpTrader

Swing trading portfolio - week of September 11th, 2017

Reminder: OpTrader is available to chat with Members, comments are found below each post.

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



more from OpTrader

Promotions

NewsWare: Watch Today's Webinar!

 

We have a great guest at today's webinar!

Bill Olsen from NewsWare will be giving us a fun and lively demonstration of the advantages that real-time news provides. NewsWare is a market intelligence tool for news. In today's data driven markets, it is truly beneficial to have a tool that delivers access to the professional sources where you can obtain the facts in real time.

Join our webinar, free, it's open to all. 

Just click here at 1 pm est and join in!

[For more information on NewsWare, click here. For a list of prices: NewsWar...



more from Promotions

Kimble Charting Solutions

Brazil; Waterfall in prices starting? Impact U.S.?

Courtesy of Chris Kimble.

Below looks at the Brazil ETF (EWZ) over the last decade. The rally over the past year has it facing a critical level, from a Power of the Pattern perspective.

CLICK ON CHART TO ENLARGE

EWZ is facing dual resistance at (1), while in a 9-year down trend of lower highs and lower lows. The counter trend rally over the past 17-months has it testing key falling resistance. Did the counter trend reflation rally just end at dual resistance???

If EWZ b...



more from Kimble C.S.

All About Trends

Mid-Day Update

Reminder: Harlan is available to chat with Members, comments are found below each post.

Click here for the full report.




To learn more, sign up for David's free newsletter and receive the free report from All About Trends - "How To Outperform 90% Of Wall Street With Just $500 A Week." Tell David PSW sent you. - Ilene...

more from David



FeedTheBull - Top Stock market and Finance Sites



About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>