Posts Tagged ‘DSW’

Calls Active On DSW

Options are more active than usual on footwear and accessories retailer DSW Inc. (Ticker: DSW) today with shares in the name up 3.5% on the day at $28.65 in the first hour of today’s shortened trading session. Upwards of 3,500 options contracts have changed hands on DSW as of the time of this writing, which is more than five times the average daily reading of around 615 contracts. The bulk of the activity is in October expiry calls perhaps as some option traders position for the price of the underlying to continue to rise. Shares in DSW are up roughly 20% since the end of May when the stock touched a 52-week low of $23.45. Despite the recent move to the upside, shares in the retailer are still down more than 30% since the start of 2014.
The most traded options contracts on DSW this morning are the Oct 30.0 strike calls, with around 2,600 contracts in play against open interest of 1,748 positions. Time and sales data suggests most of the volume was purchased at a premium of $1.30 each. Call buyers may profit at expiration in October if shares in DSW rally another 9.0% over the current price of $28.65 to exceed the breakeven price of $31.30. Shares in DSW last traded above $31.30 back on May 27th. The company is likely to report second-quarter earnings at the end of August.


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Hewlett-Packard Put Options In Focus

Today’s tickers: HPQ, YHOO & DSW

HPQ – Hewlett-Packard Co. – Trading in January 2014 expiry put options on HPQ this morning suggests one strategist may be positioning for shares in the tech giant to weaken further during the next five months. Shares in Hewlett-Packard Co. are off their lows of the session, down 0.40% at $22.18 as of 12:10 p.m. ET. The stock has dropped 20% since the beginning of August, though shares are still up more than 50% year to date. One trader bracing for shares to move lower appears to have purchased 6,000 in the money put options at the Jan 2014 $24 striking price at a premium of $3.20 per contract. The puts make money at expiration if shares in HPQ decline another 6.0% from the current price of $22.18 to breach the effective breakeven point on the downside at $20.80. Shares in the name last traded below $20.80 at the end of May.

YHOO – Yahoo! Inc. – Weekly options changing hands on Yahoo today suggest some traders are positioning for a near term pop in the price of the underlying, while other strategists brace for selling pressure to persist during the next few trading sessions. Shares in YHOO are down 2.0% at $27.15 as of 12:30 p.m. ET. Options players looking for shares in the name to rebound appear to have purchased more than 400 in the money calls at the Aug 30 ’13 $27 strike for an average premium of $0.42 apiece. Call buyers may profit at expiration this week if shares in Yahoo rise 1.0% over the current price of $27.15 to settle above the average breakeven price of $27.42. Conversely, traders snapping up more than 750 of the Aug 30 ’13 $26.5 strike put options for an average premium of $0.08 per contract today are prepared to…
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Retail Options In Focus

Today’s tickers: DSW, BKS & FOSL

DSW - DSW Inc. – Shares in the footwear retailer are up 3.05% in early-afternoon trade to stand at $43.19, and options activity in the April expiry calls and puts suggests the stock may continue to march higher during the next four months. One strategist appears to have sold put options on DSW to offset the cost of buying a bull call spread, a position that yields maximum possible profits in the event of a more than 15.0% rally in the shares. The investor likely sold roughly 400 puts at the April $38 strike in order to purchase a roughly 400-lot April $43/$50 call spread, done at an average net credit of $0.40 per contract. The trader walks away with the net credit in hand as long as DSW’s shares exceed $38.00 at expiration day in April. Additional gains accumulate on the upside above the breakeven price of $43.00, with maximum potential profits of $7.40 per contract – including the $0.40 net credit – available on the trade if the stock soars 15.8% to top $50.00 at expiration in April. Shares in DSW last traded above $50.00 in mid-November 2011.

BKS - Barnes & Noble, Inc. – Bookseller Barnes & Noble forecast a wider-than-expected fiscal 2012 loss in a statement today, pushing shares in the name down as much as 31.0% to an intraday low of $9.35, and driving up demand for BKS options. Put options in the front month are most active, but it appears much of the volume was generated by sellers. Investors selling puts on the name receive premium in exchange for bearing the risk that the bookseller’s shares continue to hemorrhage in the next couple of weeks to January expiration. The Jan. $7.5, $9.0 and $10 strike put options attracted the heaviest volume. One block…
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Bears Leave Footprints in DSW, Inc. Put Options Ahead of Earnings

Today’s tickers: DSW, LNCR, VGZ, S, APOL, CAL & JCG

DSW – DSW, Inc. – Options traders are picking up put options on the footwear retailer ahead of the firm’s second-quarter earnings report, scheduled for release ahead of the opening bell on August 31, 2010. DSW’s shares fell 2.5% to $24.09 in late afternoon trading. Pessimistic players purchased approximately 3,400 put options at the October $22.5 strike for an average premium of $1.53 a-pop. Put buyers are poised to profit should DSW’s shares plummet 12.95% from the current price of $24.09 to breach the average breakeven point to the downside at $20.97 by expiration day in October. Options implied volatility on the stock is up 5.2% as of 3:30 pm ET.

LNCR – Lincare Holdings Inc. – The provider of oxygen and other respiratory therapy services popped up on our ‘hot by options volume’ market scanner today after bullish call buying was detected in the January 2011 contract. Lincare’s shares are up 0.50% to stand at $23.51 with just under 30 minutes remaining in the trading session. Investors positioning for substantial share price appreciation by expiration next year purchased roughly 1,100 calls at the January 2011 $27.5 strike for an average premium of $0.86 each. Call buyers at this strike make money if Lincare’s shares jump 20.6% to exceed the average breakeven price of $28.36 by expiration day. Bullishness spread to the higher January 2011 $30 strike where optimistic individuals scooped up more than 2,900 call options at an average premium of $0.45 apiece. Investors long the higher-strike contracts are prepared to accrue profits should LNCR’s shares surge 29.5% to trade above the effective breakeven price of $30.45 by expiration day next year. Lincare’s shares last traded above $30.45 back on July 1, 2010.

VGZ – Vista Gold Corp. – Bullish investors are mining for call options on the gold exploration and development company today, which suggests some traders expect Vista’s shares to head higher by the end of 2010. The Colorado-based company’s shares jumped 20.4% to touch an intraday high of $2.30. Investors in Vista Gold Corp. shares have had a fruitful month thus far. The stock is currently trading at a 76.9% premium over its July 28 low of $1.30 a share. Options strategists hoping to see the good times continue through to December expiration scooped up approximately 2,000 calls at the December $2.5 strike by shelling out…
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Goldman Sachs-Bulls with Butterfly Wings are at it Again

Today’s tickers: GS, WU, DSW, MGM, WMT, BAC, EEM, WLP, HD & MMM

GS – Goldman Sachs Group, Inc. – Goldman-optimists are once again employing bullish butterfly spreads on the stock in order to efficiently position themselves to profit from an eventual rebound in the investment banking firm’s share price. Goldman Sachs, one of the top tickers on our ‘most active by options volume’ market scanner, glowed green amid a sea of red today as its shares inched up 1.75% to $154.69 as of 3:20 pm (ET). The bullish butterfly spread initiated on GS this afternoon yields maximum benefits to the investor responsible for the transaction if shares of the underlying stock jump back up to $175.00 by October expiration. The parameters of this spread are a bit different than the larger-volume butterfly spread we reported on Monday afternoon, which prepared an investor to reap maximum profits should Goldman’s shares rally up to $160.00 by expiration day. Today’s transaction involved the purchase of 2,000 calls at the October $160 strike for an average premium of $12.80 apiece [wing 1], and the purchase of another 2,000 calls at the higher October $190 strike for $3.90 each [wing 2]. The body of the butterfly was established at the central October $175 strike where 4,000 calls were sold for $7.20 a-pop. Net premium paid for the spread amounts to $2.30 per contract. The net cost of the trade pales in comparison to maximum available profits of $12.70 per contract, which the trader pockets if Goldman’s shares surge 13% over the current price to settle at $175.00 at expiration. The butterfly-spreader starts to make money as long as shares of the underlying stock increase 4.9% to surpass the breakeven point to the upside at $162.30 ahead of October expiration.

WU – Western Union Co. – Shares of the world’s largest money-transfer business surged 9.25% to an intraday high of $19.57 after the firm posted first-quarter earnings of $0.30 per share, which satisfied average analyst forecasts. A couple of analysts raised target share price estimates for Western Union following the positive earnings report. WU’s target price was bumped up to $23 from $19 at Susquehanna, in addition to the move up to $21 from $18 at D.A. Davidson today. Western Union’s current CEO, Christina Gold, is also reportedly handing over the reins to the current COO, Hikmet Ersek, on September 1, 2010. One Western Union…
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Zero Hedge

Iran Suffers Most Daily Death Toll Since COVID-19 Outbreak Began; NY Adds 3 More States To 'Mandatory Quarantine' List: Live Updates

Courtesy of ZeroHedge View original post here.

Summary:

  • NY releases latest numbers, adds 3 more states to quarantine list
  • Trump touts COVID-19 mortality rate improvement
  • GOP moves to test all convention attendees
  • Worker 'revolt' at University of Georgia
  • Beijing reports 8 foreign cases
  • South Korea reports 40+ new cases
  • Melbourne enters 6-week lockdown
  • India passes 700k cases
  • Iran sees record jump in deaths
  • South Africa tops 200k

* * *

Update (...



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Phil's Favorites

Up and Down

 

Up and Down

Courtesy of 

This stat from @SentimentTrader blew me away:

“The S&P 500 fund, SPY, has been up at least 0.5% for 5 straight days. That’s tied for the longest streak since its inception.”

I wasn’t taken aback because of how strong the markets have been recently, but that streak of five days sounded really small to me. I almost couldn’t believe it was right. But after looking at the data, the shock wore off.

The S&P 500 has gained >0.5% on 28% of all days (going back to 1993), so the likelihood of...



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Biotech/COVID-19

Is the COVID-19 pandemic cure really worse than the disease? Here's what our research found

 

Is the COVID-19 pandemic cure really worse than the disease? Here's what our research found

The economic impact of coronavirus restrictions can also take a human toll. mladenbalinovac via Getty Images

Courtesy of Olga Yakusheva, University of Michigan

The Research Brief is a short take about interesting academic work.

The big idea

The coronavirus pandemic catapulted the country into one of the deepest recessions in U.S. history, leaving millions ...



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Error-Ridden PPP Data Show Taxpayer Funds Funneled to the Wealthy & Well-Connected

By Anna Peel. Originally published at ValueWalk.

Yesterday, the Trump administration released a limited collection of data about recipients of Paycheck Protection Program (PPP) assistance. The program has been rampantly mismanaged from the start, allowing big businesses and publicly-traded companies to exploit the program with little transparency or oversight. The data released yesterday has been riddled with errors, raising questions about the PPP’s integrity. All the while, actual small businesses – especially those run by people of color – have been left to struggle or close entirely.

Q2 2020 hedge fund...



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Kimble Charting Solutions

Here's Why QQQ and Large Cap Tech Stocks May Rally Another 10%!

Courtesy of Chris Kimble

The long-term trend for large-cap tech stocks remains strongly in place.

And despite the steep rally out of the March lows, the index may be headed 10 percent higher.

Today’s chart highlights the $QQQ Nasdaq 100 ETF on a “monthly” basis. As you can see, the large-cap tech index touched its lower up-trend channel support in March at (1) before reversing higher.

It may now be targeting the top of the trend channel at (2), which also marks the 261.8 Fibonacci extension (based on 2000 highs and 2002 lows). That Fib level is $290 on $QQQ.

If so, this upside target for $QQQ is still 10% above current prices. Stay tuned!

This article was first written ...



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The Technical Traders

Big Funds to Pull Money OUT of Stocks: 2nd Wave to Hit Economy

Courtesy of Technical Traders

TOPICS IN THIS INTERVIEW:

-Big funds to pull money out of markets.

-Falling dollar to really start to benefit gold

-Gold miners showing signs of life.

-$2,000 gold will change people’s mindsets in gold.

-Gold or silver-backed currency will send metals through the roof.

Get Chris Vermeulen’s Trades – Click Here

...

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Chart School

Golds quick price move increases the odds of a correction

Courtesy of Read the Ticker

Every market corrects, maybe profit taking, maybe of allowing those who missed out, to get in!


The current open interest on the gold contract looks to high after a very fast price move, it looks like 2008 may be repeating. A quick flushing out of the weak hands open interest may take place before a real advance in price takes place. The correction may be on the back of a wider sell off of risk assets (either before of after US elections) as all assets suffer contagion selling (just like 2008).

This blog view is a gold price correction of 10% to 20% range is a buying opportunity. Of course we may see  a very minor price correction but a long time correction, a price or time is correction is expected, we shall watch and...

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Lee's Free Thinking

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

 

These Charts Show COVID 19 Is Spreading in the US and Will Kill the Economy

Courtesy of  

The COVID 19 pandemic is, predictably, worsening again in much of the US. Only the Northeast, and to a lesser extent some Midwestern states, have been consistently improving. And that trend could also reverse as those states fully reopen.

The problem in the US seems to be widespread public resistance to recommended practices of social distancing and mask wearing. In countries where these practices have been practi...



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Digital Currencies

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

 

Blockchains can trace foods from farm to plate, but the industry is still behind the curve

App-etising? LDprod

Courtesy of Michael Rogerson, University of Bath and Glenn Parry, University of Surrey

Food supply chains were vulnerable long before the coronavirus pandemic. Recent scandals have ranged from modern slavery ...



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Members' Corner

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

 

Coronavirus, 'Plandemic' and the seven traits of conspiratorial thinking

No matter the details of the plot, conspiracy theories follow common patterns of thought. Ranta Images/iStock/Getty Images Plus

Courtesy of John Cook, George Mason University; Sander van der Linden, University of Cambridge; Stephan Lewandowsky...



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

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

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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

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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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