Posts Tagged ‘DG’

Traders Storm Netflix Weeklies As Shares Continue To Tank

Today’s tickers: NFLX, BIIB, DG & DWA

NFLX - Netflix, Inc. – The bloodbath at Netflix accelerated Thursday afternoon, with shares in the provider of subscription streaming service down 13.0% at $110.59 as of 2:00 pm in New York. Investors began purging their portfolios of NFLX more aggressively in recent weeks, but the stock’s pull back began in July. Shares peaked at an all-time high of $304.79 on July 13, and have since lost nearly 65.0% of their value. Frenzied trading in NFLX weekly options that have one more day of trading left before expiration suggest we may see the stock extend losses through the end of the week. While trading in Sept. ’30 contract calls and puts is mixed across the board, it does appear that bearish positions are more prevalent today. Certainly, the surge in demand for deep out-of-the-money puts on the stock is a sign of the times. More than 2,300 puts changed hands at the Sept. ’30 $100 strike against open interest of 621 contracts. Buyers of at least 930 of the contracts paid an average premium of $0.24 each this afternoon. Sept. ’30 $115 puts are the most active, with volume in excess of 10,100 contracts in play. Buyers of the now deep in-the-money contracts outnumbered sellers, and purchased around 3,800 of the puts for an average premium of $2.05 a-pop. The cost of protective puts on Netflix have climbed steadily throughout the session, helped by the hemorrhaging in its shares, and the more than 15.4% surge in implied volatility to 89.5% today. Options volume on the stock is fast approaching 155,000 contracts as of 2:15 pm EDT.

BIIB - Biogen Idec, Inc. – Fresh prints in deep in-the-money put options on the world’s oldest independent biotechnology company suggests one strategist is positioned for shares in…
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Bears Plunder Nokia Call Options

Today’s tickers: NOK, DG, ESV & OREX

NOK - Nokia Corp. – When Nokia yesterday announced that it was no longer meaningful to offer a forecast into its murky future, investors abandoned the stock driving it into new lower territory. We noticed frenzied options activity as investors reaped what premium they could from fast-falling call options. The dire nature of Nokia’s warning has left option traders with little doubt that its shares will flounder further in coming weeks. Bearish option traders wrote off at-the-money $7.00 call options expiring in just three weeks’ time for just 20 cents each. The question facing option bears seems to be not whether the shares will rebound but how far they will sink in the days ahead. On Wednesday the picture weakened with shares sliding by a further 7% to $6.50 while it appears that call options are once again being sold, but this time at lower strikes. Investors appeared to turn their attention to the $6.00 strike where volume of 3,000 built by mid-morning. Open interest of a mere 300 lots confirms that new positions are being taken. We saw at least 1,000 contracts clear the prevailing 59-cent bid on our screens. Sellers also decimated the premium available on July $7.00 strike calls with some 9,000 contract being traded Wednesday where premiums have halved to just 18-cents on the day. Investors seem convinced that Nokia’s fortunes look dire.

DG - Dollar General Corp. – The discount retailer missed Wall Street’s expectation for earnings when it reported its first quarter data of 48 cents. The Street was hoping for 50 cents. The seller of all-fine-things-for-less-than-$10 said it took losses on certain slow-to-clear items and said that shoppers were constrained by rising gas prices. It nevertheless stood by its full year estimate and continues to revise store…
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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…
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Zero Hedge

Sweden And Its Welfare State In Crisis

Courtesy of ZeroHedge View original post here.

Authored by Nima Gholam Ali Pour via The Gatestone Institute,

The Swedish welfare state has often been praised by the left in the United States. After the migration crisis of 2015, however, when Sweden was flooded by Syrian refugee claimants, Sweden is now facing a welfare crisis that threatens the entire Swedish welfare state model.

...



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Phil's Favorites

Silicon Valley's latest fad is dopamine fasting - and that may not be as crazy as it sounds

 

Silicon Valley's latest fad is dopamine fasting – and that may not be as crazy as it sounds

Dopamine fasting, the newest fad to hit Silicon Valley, is being used as a way to get over addictive habits. SewCream/Shutterstock.com

Courtesy of A. Trevor Sutton, Concordia Seminary

Silicon Valley’s newest fad is dopamine fasting, or temporarily abstaining from...



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The Technical Traders

The Wuhan Wipeout - Could It Happen?

Courtesy of Technical Traders

News is traveling fast about the Corona Virus that originated in Wuhan, China. Two new confirmed cases in the US, one in Europe and hundreds in China. As we learn more about thispotential pandemic outbreak, we are learning that China did very little to contain this problem from the start. Now, quarantining two cities and trying to control the potential
outbreak, may become a futile effort.

In most of Asia, the Chinese New Year is already in full swing.  Hong Kong, China, Singapore, Malaysia, India and a host of other countries are already starting to celebrate the 7 to 10 day long New Year.  Millions of people have already traveled hundreds of thousands of miles to visit family...



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Kimble Charting Solutions

Bad News For Crude Oil Should Come From This Pattern, Says Joe Friday

Courtesy of Chris Kimble

It’s a good idea for investors to be aware of key indicators and inter-market relationships.

Perhaps it’s watching the US Dollar as an indicator for precious metals or emerging markets. Or watching interest rates for the economy. Experience, history, and relationships matter. And it’s good to simply add these to our tool-kit.

Today, we look at another relationship that has signaled numerous stock market tops and bottoms over the years, and especially the past several months, Crude Oil.

When crude oil tops or bottoms, it seems that ...



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Insider Scoop

5 Software-Application Stocks Moving In Thursday's After-Market Session

Courtesy of Benzinga

Gainers

Atlassian Corporation, Inc. (NASDAQ:TEAM) stock surged 9.7% to $145.50 during Thursday's after-market session. According to the most recent rating by Morgan Stanley, on January 13, the current rating is at Overweight.

Diebold Nixdorf, Inc. (NYSE:DBD) shares increased by 8.1% to $11.48. The most recent rating by DA Davidson, on December 13, is at Buy, with a price target of $17.00.

Telaria, Inc. (NYSE:TLRA) stock rose 4...



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Biotech

Snakes could be the original source of the new coronavirus outbreak in China

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

 

Snakes could be the original source of the new coronavirus outbreak in China

Chinese cobra (Naja atra) with hood spread. Briston/Wikimedia, CC BY-SA

Haitao Guo, University of Pittsburgh; Guangxiang “George” Luo, Univers...



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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Monday, 16 September 2019, 05:22:48 PM

Click for popup. Clear your browser cache if image is not showing.


Comment: This chart says SP500 should go back to 2016 levels (overshoot will occur of course)



Date Found: Tuesday, 17 September 2019, 01:53:30 AM

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Comment: This would be HUGE...got gold!


...

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Members' Corner

The War on All Fact People

 

David Brin shares an excerpt from his new book on the relentless war against democracy and how we can fight back. You can also read the first, second and final chapters of Polemical Judo at David's blog Contrary Brin.

The War on All Fact People 

Excerpted from David Brin's new book, the beginning of chapter 5, Polemical Judo: Memes...



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Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



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Digital Currencies

Cryptos Have Surged Since Soleimani Death, Bitcoin Tops $8,000

Courtesy of ZeroHedge View original post here.

Bitcoin is up over 15% since the assassination of Iran General Soleimani...

Source: Bloomberg

...topping $8,000 for the first time since before Thanksgiving...

Source: Bloomberg

Testing its key 100-day moving-average for the first time since October...

...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

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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...

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