Posts Tagged ‘CBRL’

Options Traders Bulk Up On XLF Puts

 

Today’s tickers: XLF, VSI & CBRL

XLF - Financial Select Sector SPDR Fund – Shares in seven of the ten largest XLF holdings were trading lower this morning, dragging shares in the ETF down 0.40% to $17.19 at around 11:25 a.m. ET on Tuesday. Put buying on the Financial Select Sector SPDR Fund during the morning hours of the trading day suggested some options players were preparing for the price of the underlying fund to extend losses. It looks like traders purchased 75,000 puts at the June $16 strike for an average premium of $0.35 per contract. These positions start making money if shares in the XLF decline 9.0% from the current level to breach the average breakeven point on the downside at $15.65 by June expiration. Shares in the XLF last traded below $15.65 on December 4th. The price of the underlying is up roughly 5.0% year-to-date, and has gained nearly 30% since June of 2012.

VSI - Vitamin Shoppe, Inc. – Options on the specialty retailer of vitamins and nutritional supplements are more active than usual today, with shares in Vitamin Shoppe down sharply on the heels of the company’s fourth-quarter earnings report ahead of the opening bell this morning. Shares in VSI are currently down more than 20% to stand at $50.33 as of 11:50 a.m. in New York. Buyers of in-the-money put options on the stock earlier in the trading session are seeing the value of their contracts rise as shares in the name continue to weaken. At around 9:45 a.m. ET, traders stepped in to purchase around 400 in-the-money puts at the April $55 strike for a premium of $4.20 per contract. Premium required to purchase the $55 strike put options, as of the time of this writing, has increased to $5.50 apiece just before midday on the East Coast. Traders long the puts at $4.20 per contract stand ready to profit at April expiration should shares in Vitamin Shoppe settle below the breakeven price of $50.80.…
continue reading


Tags: , ,




Puts Active On JEF Ahead Of Earnings; CBRL, ANN Options See Further Upside

 

Today’s tickers: JEF, ANN & CBRL

JEF - Jefferies Group, Inc. – Put options are active on Jefferies today ahead of the company’s third-quarter earnings report prior to the opening bell on Thursday. Shares in the global securities and investment banking firm are currently hovering near their session low, down 1.6% to stand at $15.46 as of 12:20 p.m. ET. Jefferies popped up on our ‘hot by options volume’ market scanner this morning after at least one options player initiated a sizable near-term bearish stance on the stock. It looks like traders exchanged more than 5,400 puts at the Sep. $15 strike against previously existing open interest of 967 contracts. Most of the puts in play appear to have been purchased at a premium of $0.15 apiece, perhaps as some strategists prepare for the price of the underlying to extend losses this week. Traders may be taking an outright bearish stance on the stock, or could be securing downside protection to hedge a long position in JEF shares. Profits, or downside protection, kick in if shares in the financial services firm decline 4% from the current level to breach the breakeven price of $14.85 at expiration. Shares in Jefferies, which hit a six-month low of $11.59 in July, have since gained more than 30% to trade at their highest since the first week in May.

ANN - Ann, Inc.– Upside calls on women’s apparel and accessories retailer, Ann, Inc., attracted buyers positioning for shares in the name to rally through the end of the trading week. Interestingly, shares in ANN started the session flat-to-slightly negative on Wednesday before turning positive and rallying sharply. The move in the price of the underlying was accompanied by heavy front-month call buying. The stock is now up better than 2.4% on the session to stand at $38.40 as of 12:45 p.m. in New York. The bulk of the trading traffic in ANN options this morning is in the Sep.…
continue reading


Tags: , ,




Put Sellers Target Dollar General Corp.

Today’s tickers: DG, CBRL, M, TSN, NFLX & FUQI

DG - Dollar General Corp. – Shares in Dollar General Corp. rallied as much as 4.1% this afternoon to touch an intraday- and new 52-week high of $32.23 after fellow discount retailer, Dollar Tree, reported better-than-expected third-quarter earnings this morning. Dollar General appeared on our scanners after bullish players sold out-of-the-money put options in the December contract. Put sellers are suggesting shares in DG are likely to trade above $30.00 through expiration day next month. Dollar General reports third-quarter earnings ahead of the opening bell on December 9, 2010. Options traders sold more than 14,200 puts at the December $30 strike to pocket an average premium of $0.18 per contract. Put sellers keep the full premium received on the transaction as long as DG’s shares exceed $30.00 through December expiration. More than 16,000 put options changed hands at the December $30 strike versus paltry previously existing open interest of just 7 contracts at that strike. Overall options volume of 16,535 contracts generated on Dollar General today is far greater than total existing open interest on the stock of 10,451 lots before today. Options implied volatility on Dollar General is down 8.5% to arrive at 23.88% in late afternoon trading.

CBRL - Cracker Barrel Old Country Store, Inc. – Near-term call options are in demand on the operator of retail and restaurant concept chain, Cracker Barrel, this afternoon. Shares in Cracker Barrel jumped 3.00% to $57.77, a new 52-week high for the stock, by 3:45 pm in New York. It looks like call buyers populating CBRL today expect shares to extend gains following the firm’s first-quarter earnings report before the opening bell tomorrow. Bulls scooped up roughly 1,100 calls at the December $60 strike for an average premium of $0.735 per contract. Investors…
continue reading


Tags: , , , , ,




Appetite for Options on YUM! Brands, Inc. Grows Ahead of Earnings

Today’s tickers: YUM, INTC, CBRL, CASY, RMD, PG & STEC

YUM – YUM! Brands, Inc. – Traders are placing bullish and bearish bets on the operator of KFC, Pizza Hut and Taco Bell ahead of the firm’s second-quarter earnings report slated for release after the closing bell on Tuesday afternoon. YUM’s shares are up 0.97% to stand at $40.66 with 35 minutes remaining in the trading day. The overall reading of options implied volatility jumped 21.8% to 33.38% this afternoon as investors anxiously await the firm’s earnings for the second quarter. Some investors are preparing for a rally following earnings and ahead of July expiration. These optimistic individuals picked up at least 1,300 now in-the-money calls at the July $40 strike for an average premium of $1.13 apiece. Investors long the calls make money if YUM’s shares increase 1.15% to trade above the effective breakeven price of $41.13 by expiration on Friday. Bullish sentiment spread to the higher July $41 strike where 1,000 calls were purchased at an average premium of $0.57 a-pop. Traders long the higher-strike call options stand ready to accrue profits should YUM! Brands’ shares rally 2.2% to surpass the average breakeven price of $41.57 by expiration day. In contrast to the bullish behavior observed, pessimistic players purchased put options on the stock to position for disappointing second-quarter earnings from the firm. Bears bought approximately 4,900 puts at the July $40 strike for an average premium of $0.95 per contract. Put buyers make money if YUM’s shares decline 3.95% from the current price of $40.66 to breach the average breakeven point to the downside at $39.05 by July expiration.

INTC – Intel Corp. – Options investors are hard at work populating the chip maker with various trading strategies ahead of Intel’s second-quarter earnings report scheduled for release after the closing bell tomorrow. Thus far in the session more than 144,700 option contracts have changed hands on INTC with investors exchanging 2 call options on the stock for each single put option in play today. The semiconductor manufacturer’s shares are currently up 1.40% to stand at $20.53 as of 3:10 pm (ET). One options trader expecting Intel’s shares to remain range-bound through expiration in January 2012 opted to sell a strangle in the first half of the trading session. It looks like the investor sold 5,000 calls at the January 2012 $25 strike for a premium of $1.54…
continue reading


Tags: , , , , , ,




 
 
 

Phil's Favorites

Recession

 

Recession

Courtesy of 

The bad news is piling up. The recession that people are looking for may already be here.

We heard about inventory buildup at Target and Walmart last week and the stocks responded with their worst day since…1987.  Those were not isolated incidents. This week we heard the same from Kohl’s and Abercrombie, whose stock is cratering 30% on the news.

In other news, Snap just warned of an imminent slowdown.

From The WSJ :

“In a surprise announcement, Snap Inc., the ...



more from Ilene

Politics

The big exodus of Ukrainian refugees isn't an accident - it's part of Putin's plan to destabilize Europe

 

The big exodus of Ukrainian refugees isn’t an accident – it’s part of Putin’s plan to destabilize Europe

Ukrainians fleeing the war walk toward a train in Krakow to bring them to Berlin on March 15, 2022. Omar Marques/Getty Images

Courtesy of Mark A. Grey, University of Northern Iowa

More than 6.3 million Ukrainians have fled their country since Russia first invaded in late February 2022.

The European Union h...



more from Politics

Zero Hedge

Cattle Supply And Demand Issues For 2022

Courtesy of ZeroHedge View original post here.

By FarmBureau Market Intel

Introduction

At first glance, 2022 cattle prices are higher than 2021. At $140, slaughter steer prices are 17.5% above 2021 prices, but even with higher prices, farmers and ranchers will travel a rocky road to profitability, paved with inflation and higher input costs in 2022. This Market Intel addresses the USDA’s Cattle on Feed report released on Friday, May 20, 2022, the forces driving cattle prices higher and how inflation and input costs will affect the bottom line for ca...



more from Tyler

ValueWalk

The Snap Shock, Oil Falls On Growth Fears And UK Borrowing Drops

By Anna Peel. Originally published at ValueWalk.

“Investors are getting set for another twist on the rollercoaster with Monday’s gains set to be largely erased after Snap Inc (NYSE:SNAP) interrupted the brief rally with a very downbeat snapshot. The FTSE 100 and FTSE 250 have opened 0.9% lower while in Japan the Nikkei slid by 1% and the Hang Seng in Hong Kong dropped by 2%.

Q1 2022 hedge fund letters, conferences and more

The Snap Shock

The owner of Snapchat notched up fresh worries after the bell on Wall Street by lowering its revenue an...



more from ValueWalk

Kimble Charting Solutions

Can Treasury Bonds (TLT) Reverse Higher From Historic Oversold Level?

Courtesy of Chris Kimble

It’s been an ugly couple of year for US Treasury Bonds. T-bond prices have dropped sharply as yields have risen.

This has been an added pressure on retirement portfolios as treasury bonds are no longer trading like a conservative asset.

Time for a bounce in T-bonds?

Today, we take a look at the long-term “monthly” chart of the 20+ Year US Treasury Bond ETF (TLT).

As you can see, 2 years ago bonds peaked and formed a historic bearish reversal pattern at the highest momentum reading ever.

...

more from Kimble C.S.

Chart School

Powell has a debt problem

Courtesy of Read the Ticker

The last time the US entertained debt this high (relative to GDP) was post World War 2.


The prior US high debt years were between 1936 and 1954, back then the public understood why the high debt existed (WW2) and why the public had to suffer high inflation to allow deflation of the debt to a manageable level. This question was not as political as it is today.   


Current US debt levels are the result of 'end of empire' spending, simply spending on steroids beyond one means. The FED needs inflation for the same reason as the post WW2 period to deflate away the debt.


The current political talk of 'fight inflation' will be short lived and the FED will be forced to accept higher inflation levels over the 2% (say b...

more from Chart School

Biotech/COVID-19

What is monkeypox? A microbiologist explains what's known about this smallpox cousin

 

What is monkeypox? A microbiologist explains what’s known about this smallpox cousin

Monkeypox causes lesions that resemble pus-filled blisters, which eventually scab over. CDC/Getty Images

Courtesy of Rodney E. Rohde, Texas State University

On May 18, 2022, Massachusetts health officials and the Centers for Disease Control ...



more from Biotech/COVID-19

Digital Currencies

Stablecoin volatility shows an urgent need for regulation to protect consumers

 

Stablecoin volatility shows an urgent need for regulation to protect consumers

Shutterstock/David Sandron

Courtesy of Matthew Shillito, University of Liverpool

Some cryptocurrencies have always been fairly volatile, with values soaring or plunging within a short space of time. So for the more cautious investor, “stablecoins” were considered the sensible place to go. As the name implies, they are designed to be a steadier and safer bet.

At the moment though, that stability is proving hard to find. The value of o...



more from Bitcoin

Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



more from Promotions

Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



more from M.T.M.

The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



more from Tech. Traders

Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



more from Lee

Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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





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. Contact Ilene to learn about our affiliate and content sharing programs.