Posts Tagged ‘FRAN’

Cheap Upside Calls Change Hands On General Motors Co.

 

Today’s tickers: GM, FRAN & FDO

GM - General Motors Co. – Trading traffic in weekly options on General Motors today indicates some traders are positioning for shares in the automaker to rise to the highest level since Valentine’s Day during the next couple of trading sessions. Shares in GM are near their highs of the day, up 2.0% at $28.67 as of 11:40 a.m. in New York. The most actively traded weekly contracts as measured by volume on Wednesday morning are the Mar. 22 ’13 $29 strike call options, with upwards of 4,500 contracts in play versus zero open positions. It looks like most of the calls were purchased at a premium of $0.05 apiece. Call buyers stand ready to profit at expiration later this week should shares in GM rally another 1.3% to settle above the average breakeven point at $29.05. Traders long the calls at $0.05 per contract have seen the value of the contracts double this morning, with the options currently changing hands at $0.11 each as of 11:45 a.m. ET. Bullish bets are also on the rise at the April $29 strike, with around 900 calls purchased for an average premium of $0.49 per contract. Shares in General Motors are down roughly 2.5% since the start of 2013.

FRAN - Francesca’s Holdings Corp. – Shares in Francesca’s jumped 10.5% to $29.80 on Wednesday morning after the retailer of women’s apparel and accessories reported better-than-expected fourth-quarter earnings after the close on Tuesday. The sharp move in the price of the underlying shares sparked heavy options activity on the stock today, with volume topping 4,500 lots by midday on the East Coast versus average daily volume of around 1,600 contracts. Most of the activity is in April and May expiry put options, with some traders positioning for shares in Francesca’s to potentially pullback in the near term. The April $25 strike put options traded 1,300 times on Wednesday morning, and appear to have been mostly purchased at an average premium of $0.45 each. Similarly, the…
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Bearish Positions On The Rise In Wells Fargo Options

 

Today’s tickers: WFC, SNE & FRAN

WFC - Wells Fargo & Co. – Put activity on Wells Fargo this morning suggests some traders are positioning for shares in the name to decline next week. The put-to-call ratio on WFC is greater than 9-to-1 at present, with most of the volume building in the June puts with one week remaining to expiration. The stock is currently down 1.0% at $30.86, trading lower along with a number of the other big banks as markets await further news out of Europe. Put volume is heaviest at the Jun. $30 strike where more than 32,000 contracts have changed hands against open interest of 6,877 positions. Traders appear to have purchased most of the $30 puts for an average premium of $0.26 apiece and may profit at expiration if WFC shares decline another 3.6% to breach the average breakeven price of $29.74.

SNE - Sony Corp. – Call buying on the electronics producer this morning appears to be a medium-term bet that shares in Sony Corp. may rebound somewhat during the next four months. Shares in the electronics producer have been hammered this year, selling down to levels last seen in the 1980s. Sony’s shares are struggling again today, slipping 3.75% to $12.81 in the first half of the session. One or more traders driving up volume in October expiry call options are prepared to benefit should the stock reverse course. More than 4,500 calls changed hands at the Oct. $14 strike against open interest of 1,966 contracts. It looks like traders purchased most of the calls for an average premium of $1.08 apiece and stand ready to profit at expiration should Sony’s shares rally 17.7% to top the average breakeven price of $15.08.

FRAN - Francescas Holdings Corp. – Shares in the specialty retailer of…
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Zero Hedge

Bond Bloodbath Blows Up Stocks As Redditors-Revenge Hammers Hedgies (Again)

Courtesy of ZeroHedge View original post here.

Bonds and stocks were both battered today...

Source: Bloomberg

Which is why we wheeled out the deer!

Today was the worst day for equity/bond investors since March 2020...

...



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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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Phil's Favorites

Phil's Stock World's Weekly Webinar - February 24, 2021

 

For LIVE access on Wednesday afternoons, join us at PSW! 

 

Phil's Stock World's Weekly Webinar – February 10, 2021

Major Topics:

00:00:39 - Future Charts
00:01:06 - Russell 2000
00:01:26 - NASDAQ 100
00:01:45 - S&P 500 | DJIA
00:04:41 - BA
00:06:19 - Checking on the Market
00:07:46 - Weekly Petroleum Status Report
00:12:32 ...



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Biotech/COVID-19

How does the Johnson & Johnson vaccine compare to other coronavirus vaccines? 4 questions answered

 

How does the Johnson & Johnson vaccine compare to other coronavirus vaccines? 4 questions answered

The Johnson & Johnson vaccine only requires one dose. Phill Magoke/AFP via Getty Images

Courtesy of Maureen Ferran, Rochester Institute of Technology

Editor’s note: On Tuesday, Feb. 24, the U.S. Food and Drug Administration released the results of its trial of the Johnson & Johnson coronavirus vaccine. The FDA found the vaccine to be safe...



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ValueWalk

The Math On Tesla Inc (TSLA) Doesn't Add Up

By The Acquirer's Multiple. Originally published at ValueWalk.

In his recent interview with Tobias, Drew Dickson of Albert Bridge. discussed The Math On Tesla Inc (NASDAQ:TSLA) Doesn’t Add Up. Here’s an excerpt from the interview:

Q4 2020 hedge fund letters, conferences and more

The Math On Tesla Doesn't Add Up

Mine is it would keep me away from owning something like Tesla, unfortunately, because I can’t get there, even in the most– Toyota and Volkswagen both were founded in 1937, and they’re just incredible global-scale b...



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Digital Currencies

Bridgewater Explains When It Will Invest In Bitcoin

Courtesy of ZeroHedge

Two weeks ago, Bridgewater founder Ray Dalio called Bitcoin "one hell of an invention" adding that:

"I expect Bridgewater to soon offer an alt-cash fund and a storehold of wealth fund in order to better deal with the devaluation of money and credit that we consider to be a major risk and opportunity, and Bitcoin won’t escape our scrutiny.”

And now, after significant attention that his comments received, Senior Portfolio Strategist Jim Haskel sits dow...



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Kimble Charting Solutions

Is Rising Inflation About To Hit U.S. Economy In Big Way?

Courtesy of Chris Kimble

Inflation seems to be a thing of the past… but current trading in bond and commodity markets tell us that it could become a thing of the future!

Inflation hasn’t been an issue, or even on our radar, since the 1980s. Sure, the 2007 surge in oil prices offered some concern but the financial crisis killed any thoughts of inflation.

So what’s got us concerned about inflation in 2021?

Today we take a look at long-term charts of two potential inflation indicators: Crude Oil ...



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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: Saturday, 29 August 2020, 05:46:16 PM

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


Comment: Low liquidity means price can MOVE fast either way!



Date Found: Saturday, 29 August 2020, 05:52:11 PM

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


Comment: if you have 100% of life savings in stocks alone, please adjust for a crash...



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Mapping The Market

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



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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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