Posts Tagged ‘EXPR’

Traders Don Express Put Options Ahead Of Earnings Next Week

Today’s tickers: EXPR, ANF & YHOO

EXPR – Express, Inc. – Put options changing hands on Express today indicate some traders are bracing for the price of the underlying to potentially drop after the company’s second-quarter earnings report next Wednesday. The stock is currently down 5.0% at $19.50 as of 12:30 p.m. ET. Options traders positioning for shares to extend losses picked up more than 900 in the money puts at the Sep $20 strike during the first half of the trading session for an average premium of $1.13 each. The bearish contracts may be profitable at expiration next month should shares in Express drop more than 3.0% from the current price of $19.50 to breach the average breakeven point on the downside at $18.87. The cost of the $20 puts has increased sharply to $1.80 each this afternoon, moving inversely with the price of the underlying. The Sep $17.5 strike puts also attracted buyers, with more than 210 lots purchased this morning for an average premium of $0.40 per contract. Buyers of the $17.5 puts make money at expiration if shares in the retailer plunge 12% from the current level to trade below $17.10. Shares in EXPR last traded below $17.10 in April.

ANF – Abercrombie & Fitch Co. – Shares in teen retailer, Abercrombie & Fitch Co., are getting slammed on Thursday, dropping 21% during the first half of the session to a nine-month low of $36.71 after the company posted lower than expected second-quarter earnings and sales ahead of the opening bell. Sellers of weekly put options on the stock in the early going this morning are enjoying gains in the value of their positions, with the price of the underlying currently off its lowest level of the session to trade at $38.25 as of 12:15 p.m. ET. It looks like traders positioning…
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Heavy Trading Traffic In Express Options As Shares Zip Higher

 

Today’s tickers: EXPR, MS & WAG

EXPR - Express, Inc. – Shares in clothing and accessories retailer, Express, Inc., are soaring on Tuesday, popping more than 21% to $17.03 during the first half of the session, after the company raised its forecast for fourth-quarter and full-year 2012 earnings and sales. Options on Express are more active than usual today, with volume approaching 13,000 contracts as of 10:55 a.m. ET versus the stock’s average daily options volume of around 3,800 contracts. Trading traffic is more heavily concentrated in near-term call options. Bullish players positioning for shares in Express to extend gains snapped up around 500 calls at the Jan. $17.5 strike for an average premium of $0.22 apiece in the early going. Traders long the calls stand ready to profit at expiration this week should shares in the retailer rally another 4% over today’s high of $17.03 to top the average breakeven price of $17.72. Like-minded strategists picked up roughly 575 calls out at the Feb. $17.5 strike for an average premium of $0.59 per contract, and may profit at expiration next month if EXPR shares settle above $18.09, the highest price since July 2012. Options traders long upside calls on Express ahead of the sharp move in the price of the underlying today are seeing strong gains in the value of some of those contracts. Call open interest on the retailer is greatest at the Jan. $15 strike, with 17,609 open contracts as of today. Time and sales data from December 31, 2012, through the end of trading yesterday on the Jan. $15 strike call options suggests most of the contracts were purchased for an average premium of $0.44 apiece. The sharp rally in Express shares today now finds premium on the $15 strike calls has more than quadrupled versus the average premium paid for the contracts during the prior 10 trading sessions. Express, Inc. is expected to report fourth-quarter earnings in March.

MS - Morgan Stanley – Shares in the financial services firm, up better than 60% during the past six months, rose 1.4% to…
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Large Put Purchase At AOL; Express Calls Look For Retailer To Rebound

Options brief will resume October 15, 2012.

Today’s tickers: AOL, EXPR & XLF

AOL - AOL, Inc. – Put activity on AOL this morning may be the work of one strategist locking in gains on the high-flying stock. Shares in AOL, up roughly 175% since October 2011, are currently down 1.8% on the day to stand at $35.92 as of 11:20 a.m. ET. The largest trade in AOL options this morning was the purchase of 4,500 of the Nov. $34 strike put for a premium of $0.80 per contract. The options trade does not appear to have been tied to stock, although the put buyer may be establishing downside protection to hedge an existing long position in the shares. Alternatively, the sizable transaction could be an outright bearish bet that shares will decline in the near term, perhaps in the aftermath of the company’s third-quarter earnings report on October 31st. The position makes money if shares in AOL drop 7.5% from the current level to breach the effective breakeven price of $33.20 by November expiration.

EXPR - Express, Inc. – Options in play on Express this morning suggests shares in the apparel retailer, hard hit in recent months and sitting at all-time lows, may stage a significant turn-around in the next six months. Express shares, down nearly 60% from a March 2012 peak of $26.27, fell 2.35% in the first half of the trading session to $11.23 by 11:35 a.m. in New York. Upside call buying at the April 2013 $15 strike, where some 2,300 contracts were picked up for an average premium of $0.73 apiece, suggests at least one trader is positioning for EXPR shares to potentially increase sharply by expiration next year. The calls may be profitable at April expiration in the event that Express, Inc. shares jump 40% to exceed the average breakeven price of $15.73. The specialty retailer reports third-quarter earnings ahead of the opening bell on November 28th.…
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Call Buying Detected Even As Express Shares Plummet

 

Today’s tickers: EXPR, ARO & ARUN

EXPR - Express, Inc. – Specialty retailer Express, Inc.’s shares are getting hammered today, down more than 20% at $11.90 as of 11:10 a.m. in New York, after the company lowered its third-quarter earnings forecast and said same-store sales will decline in the mid-single digit range. Express, Inc. shares, publicly traded since the company’s May 2010 IPO, have not yet managed to catch a bid in today’s session as the stock continues to hit fresh record lows. Options traders betting shares in the name will rebound by the start of the new calendar year snapped up January 2013 expiry call options this morning. Contrarian bets are heaviest at the Jan. 2013 $15 strike where approximately 975 calls were purchased at a premium of $0.45 apiece. Call buyers may profit at expiration next year in the event that EXPR shares jump 30% over the current price of $11.90 to top the effective breakeven point at $15.45. Getting long the Jan. 2013 $15 call has been painful for one or more options traders who appear to have purchased at least 550 of the contracts back on September 4th for a premium of $2.20 per contract. The value of the call options has collapsed in the four weeks since then, down nearly 90% so far to the current asking price of $0.30 apiece.

ARO - Aeropostale, Inc.– Shares in teen retailer, Aeropostale, Inc., are moving lower this morning, perhaps in sympathy with Express, Inc., after the specialty retailer cut its third quarter profit forecast. ARO shares are currently down 2.3% at $13.05 as of 11:00 a.m. ET, and it looks like some options traders are positioning for the price of the underlying to extend losses in the near term. Trading traffic in Aeropostale options is heaviest in the Oct. $13 strike put where more than 8,000 contracts have changed hands versus open interest of 1,239 positions. It looks like most of the…
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Options Activity Pops As Express Shares Tumble

 

Today’s tickers: EXPR, DV & SA

EXPR - Express, Inc. – Shares in apparel retailer, Express, Inc., dropped nearly 30.0% today to a new 52-week low of $16.38 after the company projected full-year earnings below those expected by analysts. Options on EXPR are far more active than usual today, with overall volume on the stock currently at 4,460 lots, up nearly 2,000% over the stock’s 90-day average volume of 227 contracts. The June $17.5 strike call saw most of the action as traders exchanged some 2,365 of the contracts versus zero open positions in the first half of the session. A slight majority of the calls were purchased for an average premium of $0.78 apiece, suggesting some traders are positioning for shares in the name to rebound somewhat in the near term. Call buyers stand ready to profit at expiration next month in the event that EXPR shares rally 5.7% over the current price of $17.30 to top the average breakeven point at $18.28. On the flip side, June $17.5 strike put buyers anticipate shares in the name could go lower from here. Around 340 of the $17.5 puts were purchased this morning for an average premium of $0.88 each. Finally, some traders that initiated bearish strategies on Express prior to the earnings report saw the value of their positions appreciate big-time today. Buyers of around 720 of the June $22.5 strike put last Thursday paid an average premium of $1.18 per contract. Today those put options are trading at more than four times the average purchase price given the last-traded price of $5.20 each as of 12:45 p.m. ET.

DV - DeVry, Inc. – The for-profit education provider’s shares could hit their lowest price in more than five years in the next few weeks by the looks of bearish options trades initiated on the stock this morning. Shares in DeVry, Inc., which have dropped nearly 60.0% since last summer, are down 2.2% on the…
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Pandora Call Options In Play Ahead Of Earnings


Today’s tickers: P, AIG, EXPR & BHI

P - Pandora Media, Inc. – Shares in the provider of Internet music services are up 6.5% at $14.80 this afternoon on the heels of an upgrade to ‘buy’ from ‘hold’ at Stifel Nicolaus and leading up to Pandora’s fourth-quarter earnings release ahead of the opening bell on Tuesday morning. Options on Pandora Media, Inc. are more active than usual today as investors take positions prior to the fourth-quarter performance report. Call options are far more popular than puts, with more than nine calls changing hands on Pandora for each single put in play. Volume is heaviest at the Mar. $16 strike, where more than 7,000 calls traded against open interest of just 917 contracts. Trading in the $16 calls is mixed, but it looks like slightly more of the contracts were purchased for an average premium of $0.44 each. Call buyers may profit at expiration in the event that Pandora’s shares surge 11.1% to surpass the average breakeven price of $16.44. Bullish positioning was also seen in the Mar. $17 strike calls as traders paid an average premium of $0.17 for around 400 of the contracts. Overall options volume on Pandora is fast approaching 20,000 contracts on the day just before 1:20 p.m. in New York trade.

AIG - American International Group, Inc. – The insurance giant’s shares are off their highest levels of the session, but remain positive, up 2.2% at $30.46 as of 11:45 a.m. in New York. Shares rallied as much as 5.0% to $31.30 this morning on news AIG is selling $6 billion in shares of AIA Group Ltd. to institutional investors. The bullish move in the price of the underlying shares is a boon for traders observed snapping up weekly call options at the tail-end…
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Put Player Eyes Valassis Communications, Inc. Pullback

Today’s tickers: VCI, EXPR, XLE & LVS

VCI - Valassis Communications, Inc. – Shares in the media and marketing services company increased as much as 2.2% at the start of the trading day to hit an intraday high of $28.00, but relinquished much of the morning’s gains to stand just 0.20% higher on the session at $27.46 as of 12:50pm. One bearish options strategist appears to be positioning for Valassis Communications’ shares to tumble ahead of June expiration. It looks like the trader purchased a put spread, buying around 1,500 now in-the-money puts at the June $27.5 strike for a premium of $2.30 each, and selling the same number of puts at the lower June $22.5 strike at a premium of $0.50 apiece. Net premium paid to initiate the transaction amounts to $1.80 per contract and prepares the investor to make money should shares in VCI drop 6.4% from the current price of $27.46 to breach the effective breakeven point on the spread at $25.70 by expiration in June. Maximum potential profits of $3.20 per contract are available to the investor should Valassis’ shares plunge 18.1% to trade below $22.50 by June expiration.

EXPR - Express, Inc. – The specialty retailer of apparel and accessories popped up on our ‘hot by options volume’ market scanner this morning after a number of calls changed hands in the front month. Options on Express, Inc. may be more active today ahead of the firm’s fourth-quarter earnings report, which is scheduled for release ahead of the opening bell on Tuesday. Shares in Express earlier rallied 1.6% to secure an intraday high of $17.38, but slipped this afternoon to stand 0.70% lower on the session at $16.98. Options traders exchanged more than 2,400 in-the-money calls…
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Phil's Favorites

Rogue science strikes again: The case of the first gene-edited babies

 

Rogue science strikes again: The case of the first gene-edited babies

Chinese scientists led by He Jiankui claimed they used CRISPR to modify human embryos that eventually were born as twin girls. AP Photo/Mark Schiefelbein

Courtesy of G. Owen Schaefer, National University of Singapore

The idea of scientists tinkering with the genes of babies was once the provenance of science fiction, but now it’s apparently entered the realm of reality: On Nov. 26, Chinese scientist He Jiankui reported the historic live births of ...



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Zero Hedge

Plastic Apocalypse: Dangerous Microplastics Invade Alps To Artic, Found In Fresh Snow

Courtesy of ZeroHedge

A new study has revealed that high levels of microplastics have been detected in some of the most remote regions of the world.

The discovery, published in the journal Science Advances, is the first international study on microplastics in snow, conducted by the Alfred Wegener Institute in Germany.

Melanie Bergmann, the lead scientist, and her team of researchers found microplastics from the Alps to the Arctic contained high levels of the plastic fragment, raises questions about the environmental and health implications of potential exposure to airborne plastics....



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Insider Scoop

Heavy Volume Drives Low-Float Stock Plus Therapeutics Up 200%

Courtesy of Benzinga

Plus Therapeutics Inc (NASDAQ: PSTV) is the latest and one of the most extreme recent examples of the powerful combination of low float and heavy trading volume.

Plus shares traded higher by more than 215% on Friday. The biotech stock more than tripled after the company reported ...



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Lee's Free Thinking

Long Term Stock Market Chart Perspective

Courtesy of Lee Adler

After a big day like yesterday, I like to get a little long term stock market chart perspective. (Yes, this stilted verbiage is for search engine optimization ).

We do that with a monthly bar chart, which I update when relevant in Lee Adler’s Technical Trader. That’s in addition to the regular daily bar/cycle charts covering the past year, and a weekly cycle chart covering the past 4 years.

I wrote on July 14, in reference to the price and indicator patterns on the weekly chart:

The market has overshot a 3-4 year cycle projection in terms of both price and time. There are no long term projections. A 4 year cycle high is ideally due now. A 4 ye...



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Kimble Charting Solutions

S&P About To Decline 14%, Catching Up With The Crude Oil Declines?

Courtesy of Chris Kimble

This chart looks at the performance of the S&P 500, Crude Oil and the Yield on the 10-Year note over the past 4-months.

Crude Oil has declined around 14% more than the S&P during this time frame. Yields have declined, even more, around 36%. The is a huge spread between these assets over this short of a time period.

A few importa...



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Chart School

Bitcoin 2019 fractal with Gold 2013

Courtesy of Read the Ticker

Funny how price action patterns repeat, double tops, head and shoulders. These are simply market fractals of supply and demand.

More from RTT Tv

Ref: US Crypto Holders Only Have a Few Days to Reply to the IRS 6173 Letter

Today's news from the US IRS has been blamed for the recent price slump, yet the bitcoin fractal like the gold fractal suggest the market players have set bitcoin up for a slump to $9000 USD long before the IRS news hit the wire.

Get the impression some market players missed out on the b...

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The Technical Traders

Global Central Banks Move To Keep The Party Rolling - Part III

Courtesy of Technical Traders

This section of our multi-part article regarding current and past central bank actions, we are going to attempt to look at key elements of the past and present to highlight what we believe may turn out to be an incredible “setup” in the global markets. 

This setup is almost like a complex chess game where two skilled players battle for control and near the end of the game, one player is left with the King, a Rook, and a Pawn while the other player has a dramatic advantage with stronger chess pieces.  Yet, as the game continues, the weaker player is able to remove one or two of the stronger players key pieces and move his pawn to his opponent’s side to r...



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Digital Currencies

New Zealand Becomes 1st Country To Legalize Payment Of Salaries In Crypto

Courtesy of ZeroHedge View original post here.

Bitcoin and other cryptocurrencies have been on a persistent upswing this year, but they're still pretty volatile. But during a time when even some of the most developed economies in the word are watching their currencies bounce around like the Argentine peso (just take a look at a six-month chart for GBPUSD), New Zealand has decided to take the plunge and become the first country to legalize payment in bitcoin, the FT reports.

The ruling by New Zealand’s tax authority allows salaries and wages to b...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

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.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

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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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