Posts Tagged ‘DPZ’

Bulls Hungry For Domino’s Options As Shares Rise To All-Time High

 

Today’s tickers: DPZ, JPM & JWN

DPZ - Domino’s Pizza, Inc. – Shares in Domino’s are bucking the trend today, rising as much as 2.2% to an all-time high of $43.74 on Thursday morning, even as most stocks decline on weaker-than-expected consumer confidence data for the month of December and the failure of U.S. lawmakers to arrive at a budget compromise. Options traders hungry for fresh highs in Domino’s Pizza shares in the first few months of the New Year snapped up call options on the name today. Bulls picked up around 100 in-the-money calls at the Jan. $43 strike for an average premium of $1.11 apiece, and purchased 70 of the higher Jan. $44 strike calls at an average premium of $0.60 each. Like-minded strategists looked to the Mar. $45 strike calls as well, buying 150 of those contracts at an average premium of $1.65 a-pop. Traders long the $45 strike calls stand ready to profit at expiration in March 2013 should shares in DPZ rally another 6.7% to top a new record high of $46.65 by expiration. The stock has gained 40% during the prior six month period. Domino’s Pizza is scheduled to report fourth-quarter earnings at the end of February, several weeks prior to March options expiration.

JPM - JPMorgan Chase & Co. – Options traders positioning for shares in JPMorgan Chase & Co. to rally during the first week of the New Year snapped up weekly calls on the largest U.S. bank by total assets this morning. Shares in JPM are down 1.8% this morning at $43.17, moving lower along with the broader market on disappointing consumer confidence data and concern the U.S. may go over the fiscal cliff. Traders anticipating a strong start to the New Year for shares in JPMorgan appear to have purchased more than 1,000 calls at the Jan. 04 ’13 $44 strike for an average premium of $0.52 apiece during the first 20 minutes of the trading session today. Call buyers stand ready to profit at expiration next week should shares in JPM reverse course and gain…
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Bullish Options Plays Cheer Surprise Shakeup In Citi C-suite

 

Today’s tickers: C, DPZ & HD

C - Citigroup, Inc. – Shares in Citigroup are on the rise Tuesday despite the unexpected departure of CEO, Vikram Pandit, and President and COO, John P. Havens, this morning. The stock fell ahead of the opening bell on the announcement, but reversed losses at the open, gaining as much as 2% to $37.40 in the first half of the session. Trading traffic in out-of-the-money calls expiring in January of 2013 suggests some strategists are positioning for shares to reach their highest levels since July 2011 in the next few months. Traders exchanged more than 4,500 calls at the Jan. 2013 $41 strike this morning against open interest of 2,697 contracts. It looks like most of the volume was purchased for an average premium of $0.81 apiece, thus positioning buyers to profit in the event of an 11% move up in the price of the underlying to top the breakeven price of $41.81 by expiration next year. Bullish positioning at the higher Jan. 2013 $44 strike, where around 750 calls were purchased this morning at an average premium of $0.33 each, indicates traders are prepared to profit should the stock jump 18.5% to exceed $44.33 by January 2013 expiration. Overall options volume topping 200,000 contracts by 11:35 a.m. ET on Citigroup is well above the stock’s average daily options volume of 140,192 contracts. Calls are more active than puts, with roughly 1.3 call options changing hands on the stock for each single put option. Shares in the name rose on Monday following the company’s third-quarter earnings report.

DPZ - Domino’s Pizza, Inc. – The pop in shares of Domino’s Pizza following the company’s better-than-expected third-quarter earnings report this morning is delivering hefty paper profits to traders who snapped up call options on the stock yesterday. Shares in DPZ rallied more than 8% this morning to touch $41.51, the highest level since March, after the company posted earnings and sales…
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Good Fortune For Buyers Of Calls Ahead Of P.F. Chang’s/Centerbridge Deal

 

Today’s tickers: PFCB, INTC & DPZ

PFCB - P.F. Chang's China Bistro, Inc. – Shares in Asian-themed restaurant operator, P.F. Chang's China Bistro, jumped 30.0% to $51.56 today after Centerbridge Partners LP agreed to take the Scottsdale, Arizona-based Company private in a deal valued at $1.09 billion, or $51.50 per share. The sharp move to the upside in shares of PFCB has some resulted in big gains for some traders sitting on bullish positions in the front month options. A couple of weeks ago the May $45 strike call was purchased more than 2,000 times at a premium of $0.30 apiece. The stock closed April 16th at $39.50 such that buyers of the $45 strike calls required a 15.0% move up in the shares to breakeven above $45.30 by expiration. Instead, shares in P.F. Chang's rallied more than 30.0% since the contracts were purchased, resulting in massive paper profits of $6.20 per contract given the calls currently display a last-traded price of $6.50 each. The trader or traders long the $45 calls are still holding onto the contracts as of 11:45 a.m. in New York. P.F. Chang's China Bistro, Inc. reported first-quarter earnings and revenue slightly below expectations prior to the opening bell this morning.

INTC - Intel Corp. – Bullish positions are building in the weekly options on Intel Corp., with shares in the chip giant up better than 2.0% at $29.02 in the first half of the session, helping to lift the Dow Jones Industrial Average to the highest in four years. Intel's shares traded up to their highest level since 2004 today and it looks like some strategists are positioning for the stock to extend gains this week. Volume in the weekly calls is heaviest at the May 04 '12 $29 strike, where more than…
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Crocs, Inc. Options Active As Shares Tank

Today’s tickers: CROX, SHLD, TLM & DPZ

CROX - Crocs, Inc. – Lower-than-expected third- and fourth-quarter sales guidance from the maker of plastic clogs trounced shares in Crocs, Inc. today, roughly two weeks before the company’s official third-quarter earnings release on November 3. Shares in CROX plunged 39.15% to as low as $16.21 this morning. Options on Crocs are changing hands at a fairly rapid clip, with trading in calls outpacing that in puts by more than 3-to-1. Trading in CROX calls appears somewhat mixed. It looks like some strategists are buying call options to get ahead of any potential rebound in the price of the underlying should selling pressure ease up ahead of October expiration. The most active option is the Oct. $18 strike call, where more than 3,200 contracts changed hands by 11:25 am EDT against zero open positions. Investors paid or received an average premium of $0.43 per contract depending on whether they were buying- or selling-to-open the position. Buyers of the contracts profit at expiration in the event that shares in CROX rally 11.0% over the current price of $16.60 to surpass the average breakeven point at $18.43. Meanwhile, sellers of the calls walk away with the full $0.43 credit received as long as the shoemaker’s shares fail to rally above $18.00 at expiration.

The sharp drop in the price of the underlying may be just what some bearish strategists were hoping to see. Open interest indicates there are 770 existing positions open in the Nov. $27 strike put. Examining changes in the open interest level at that strike suggests 500 of the puts were likely purchased by one trader at a premium of $2.20 each this past Friday. Shares in Crocs ended the previous week at $26.97. The subsequent nosedive in the price of the underlying now sees the price tag on those puts 380.0% higher at $10.60 as of 11:30 am in New York. Premium on the put options may continue to climb if shares in CROX extend losses through November expiration. Options implied volatility on the stock jumped 28.4% to 87.9% in the first half of the session.

SHLD - Sears Holdings Corp. – A sizable bearish put spread on Sears Holdings Corp. may signal caution by at least one investor ahead of the specialty retailer’s third-quarter earnings report in less than one month. Shares in Sears rallied 3.4% to $75.00 by 12:30 pm in New York,…
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Zero Hedge

The Fed And The Treasury Have Now Merged

Courtesy of ZeroHedge View original post here.

Submitted by Jim Bianco of Bianco Research

As I've argued, the Fed and the Treasury merged. Powell said this was the case today (from his Q&A):

These programs we are using, under the laws, we do these, as I mentioned in my remarks, with the consent of the Treasury Secretary and the fiscal backing from the congress through the Treasury. And we are doing it to provide credit to households, businesses, state and local governments. As we are directed by the Congress. We are using that fiscal backstop to absorb any losses we have.

Our ability is limited by the law. We have to find u...



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Phil's Favorites

The PhilStockWorld.com Weekly Webinar - 04-08-2020

For LIVE access on Wednesday afternoons, join us at Phil's Stock World – click here.

 

Major Topics:

00:01:34 - Checking on the Markets
00:04:32 - Current News
00:31:34 - LEVI
00:35:08 - AMZN
00:39:26 - Mark Mahaney's Stock Coverage
00:43:00 - Public Transportation & Disinfecting
00:48:08 - Petroleum Status Report & OPEC
01:00:24 - COVID-19 Update | WYNN
01:16:00 - Portfolio Projection: Income Portfolio
01:17:23 - FUTURES
01:18:49 - Earnings Portfolio
01:19:27 - STP | LTP
01:22:52 - S&P 500
01:30:05 - AAPL
01:34:15 - VIX
01:36:00 - M
01:42:56 - VIAC
01:47:02 - XOM
01:50:29 - LB
01:52:44 - IRBT
01:57:48 - Crude Oil WTI
02...



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Biotech/COVID-19

COVID-19 is hitting black and poor communities the hardest, underscoring fault lines in access and care for those on margins

 

COVID-19 is hitting black and poor communities the hardest, underscoring fault lines in access and care for those on margins

Nurse Shelia Rickman participates in an after-shift demonstration on Monday, April 6, 2020, in Chicago’s Hyde Park neighborhood, after media reports of disproportionate numbers of black people dying from COVID-19 in the city. AP Photo/Charles Rex Arbogast

Grace A. Noppert, University of North Carolina at Chapel Hill

As the COVID-19 epidemic continues to ravage the American public, an unsurprisin...



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ValueWalk

Coronavirus symptoms, causes, prevention and cure

By Jacob Wolinsky. Originally published at ValueWalk.

The best case situation for Coronavirus or COVID-19 is that in a few weeks it dies down and things get back to normal. However, we must entertain the possibility of a far more frightening scenario.

COVID-19 models continue to change for the better

April 9, 2020 Update: More than 1.5 million people around the world have been infected by the novel coronavirus, and nearly 90,000 have died. In the U.S., the death toll surpassed 14,000 on Wednesday. Tuesday alone saw a record 1,858 deaths. So far, approximately 425,000 people in the U.S. have tested positive for COVID-19.

Although researchers say the peak hasn’t been reached yet, the model in use by the White House and many other agencies was updated on Wednesday. The number of projected deaths from the virus in the U.S. declined to 60,415 by August, compared...



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Kimble Charting Solutions

Silver/Gold Indicator Creates Largest Bullish Pattern In Decades!

Courtesy of Chris Kimble

Is an important metals indicator sending one of the largest bullish messages in nearly 50-years? Very Possible!

This chart looks at the Silver/Gold ratio on a monthly basis since the mid-1970s. Historically metals bulls want to see the ratio heading up, to send the metals complex a solid bullish message.

The ratio hit the top of the falling channel (A) back in 2011, where it created a large bearish reversal pattern. Since creating the bearish pattern at resistance, the ratio has experienced a significant decline.

9 years after hitting the top of the channel the ratio hit the bottom of the channel at (1) last month, where it looks to have created one of the largest monthly b...



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The Technical Traders

Adaptive Fibonacci Suggests Much Lower Prices Yet To Come - Part I

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system suggests a much deeper price move is in the works and the current price rally will likely end near resistance levels identified by the Adaptive Fibonacci Price Modeling system.  We are posting this research post for friends and followers to help them understand the true structure of price and to allow them to prepare for what we believe will become a much deeper downside price move in the future.

Fibonacci Price Theory teaches us that price moves in waves within up and down price cycles. The recent peak in price, near February 25, 2020, has resulted in a very deep -36% price collapse in the S&P 500 (ES) recently. This dow...



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Chart School

The Big Short movie guides us to what is next for the stock market

Courtesy of Read the Ticker

There is nothing new in WallStreet, it is only the players that change. Sometimes a market player or an event gets ahead of the crowd and WallStreet has to play catch up.

Previous Post Dow 2020 Crash Watch Dow, Three strikes and your out!

It is important to understand major WallStreet players do not want to miss out on a money making moves.  







...

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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.
...

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Members' Corner

10 ways to spot online misinformation

 

10 ways to spot online misinformation

When you share information online, do it responsibly. Sitthiphong/Getty Images

Courtesy of H. Colleen Sinclair, Mississippi State University

Propagandists are already working to sow disinformation and social discord in the run-up to the November elections.

Many of their efforts have focused on social media, where people’s limited attention spans push them to ...



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Digital Currencies

While coronavirus rages, bitcoin has made a leap towards the mainstream

 

While coronavirus rages, bitcoin has made a leap towards the mainstream

Get used to it. Anastasiia Bakai

Courtesy of Iwa Salami, University of East London

Anyone holding bitcoin would have watched the market with alarm in recent weeks. The virtual currency, whose price other cryptocurrencies like ethereum and litecoin largely follow, plummeted from more than US$10,000 (£8,206) in mid-February to briefly below US$4,000 on March 13. Despite recovering to the mid-US$6,000s at the time of writin...



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Promotions

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Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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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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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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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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