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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Zero Hedge

What's Going On At Goldman? Another Senior Exec Just Jumped Ship

Courtesy of ZeroHedge View original post here.

In the last few days, Goldman Sachs has lost two very senior executives from the investment bank's two biggest bets on the future - consumer finance (Marcus) and wealth-management - and now, the behemoth's chief lawyer is abandoning ship.

Leaving many asking - what is going on at Goldman?

Sunday saw Omer Ismail - the head of Goldman's consumer-facing commercial bank - Marcus - jump ship to join Walmart (and Davi...



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ValueWalk

As Spring Thaw Arrives in DC, COVID Aid Remains Frozen in Congress

By Jacob Wolinsky. Originally published at ValueWalk.

As the snow clouds that have shrouded much of the United States for the past month make way for warm bouts of sunshine, it’s important to take stock of what’s still frozen solid over on Capitol Hill:

Q4 2020 hedge fund letters, conferences and more

  • COVID-19 Relief
  • A fair minimum wage
  • The confirmation proceedings of several of Biden’s Cabinet nominees – notably his nominees of color
  • The confirmation votes of Deb Haaland and Xavier Becerra to serve in the Cabinet
Nominees of Color Face Unprecedented Delay ...

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Phil's Favorites

Will Senator Toomey Engage in Koch-Speak at Today's Senate Confirmation Hearing?

Courtesy of Pam Martens

Senator Pat Toomey

The Senate Banking Committee will convene today to conduct confirmation hearings for President Joe Biden’s nominees to fill two key Wall Street watchdog posts: Gary Gensler to Chair the Securities and Exchange Commission (SEC) and Rohit Chopra as Director of the Consumer Financial Protection Bureau (CFPB).

As a result of Democrats taking control of the Senate, Sherrod Brown, a Democrat from Ohio, is the new Chair of the Senate Banking Committee. Curiously, however, the prior Republican Chair of the...



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Kimble Charting Solutions

Semiconductor Stocks Looking To Trigger Bullish Breakout Signal

Courtesy of Chris Kimble

After years of underperformance, the Semiconductors Sector (SMH) turned the tables in 2016, becoming a market leader.

And today, the Semiconductors are looking to further cement that leadership role.

Today’s long-term “monthly” chart highlights the ratio of Semiconductors Sector (SMH) to Nasdaq 100 (QQQ), showing how the Semis have taken the lead in the past 5 years… as well as an important breakout test going on today!

Line (1) was support twice in the 2000s. When that failed, it le...



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Mapping The Market

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Biotech/COVID-19

Which Governments Ordered Johnson & Johnson's Vaccine?

 

Which Governments Ordered Johnson & Johnson's Vaccine?

Courtesy of Niall McCarthy, Statista

On Wednesday, U.S. regulators announced that Johnson & Johnson's Covid-19 vaccine being developed by its subsidiary Janssen Pharmaceuticals in Belgium is effective at preventing moderate to severe cases of the disease. The jab has been deemed safe with 66 percent efficacy and the FDA is likely to approve it for use in the U.S. within days.

The Ad26.COV2.S vaccine can be stored for up to three months in a refrigerator and requires a single shot, ...



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Digital Currencies

Crypto - It Is Different This Time

 

Crypto – It Is Different This Time

Courtesy of Howard Lindzon

?I have been astonished as you know by the growth of crypto.

I remember back in 2017 when I noticed that Stocktwits message volume on Bitcoin ($BTC.X) surpassed that of $SPY. I knew Bitcoin was here to stay and Bitcoin went on to $19,000 before heading into its bear market.

Today Bitcoin is near $50,000.

Back in November of 2020, something new started to happen on Stocktwits with respect to crypto.

After the close on Friday until the open of the futures on Sunday, all Stocktwits trending tickers turned crypto. The weekend messages on Stocktwits have increased 400 percent.

That has continued each weekend...



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Politics

What is fascism?

 

What is fascism?

A Donald Trump supporter wears a gas mask and holds a bust of him after he and hundreds of others stormed the Capitol building on Jan. 6, 2021. Roberto Schmidt/AFP via Getty Images

Courtesy of John Broich, Case Western Reserve University

Since before Donald Trump took office, historians have debated whether he is a fascist.

As a teacher of World War II history...



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Chart School

The Fastest Money

Courtesy of Read the Ticker

The fast money happens near the end of the long trend.

Securities which attract a popular following by both the public and professionals investors tend to repeat the same sentiment over their bull phase. The chart below is the map of said sentiment.
 


 

Video on the subject.


 

Charts in the video



 



 



Changes in the world is the source of all market moves, to ...



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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...



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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...



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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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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

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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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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