Posts Tagged ‘GES’

Guess Puts Active Ahead Of Q3 Earnings

GES – Guess? Inc. – Shares in apparel and accessories retailer Guess are trading lower on Wednesday ahead of the company’s third-quarter earnings report after the closing bell. Options changing hands on the stock during morning trading indicates some traders are bracing for shares to potentially drop to the lowest level since early-October by December expiration. The stock currently trades down 2.0% on the day at $33.24 just before 11:30 a.m. EST.

Around 1,700 of the Dec $29 strike put options have changed hands on GES so far today, more than two times the open interest level at that strike of 780 contracts. Time and sales data suggests most of the $29 puts were purchased at a premium of $0.40 each, positioning buyers to make money if shares in Guess drop 14% from the current price of $33.24 to breach the breakeven point at $28.60 by December expiration.

Options volume on the retailer is roughly five times the average daily level ahead of the company’s earnings release, with volume currently up above 5,400 contracts versus average daily volume of around 1,060 contracts. 

HPQ – Hewlett-Packard Co. – Options on HP are active today, with the price of the underlying stock climbing as much as 4.3% to a new 52-week high of $28.70 during morning trading. Overall options volume on Hewlett-Packard, currently hovering near 55,000 contracts as of the time of this writing, is more than 75% of the stock’s average daily volume of around 70,000 contracts. Trading in calls on the stock is far outpacing that of puts, with the call/put ratio hovering near 5.0 as of 11:20 a.m. EST. 


Tags: ,




Call Buyers Eye Rebound In Guess? Shares

 

Today’s tickers: GES, SBUX & LOPE

GES - Guess?, Inc. – Contrarian options trades initiated on apparel retailer, Guess?, Inc., this morning look for shares in the name to rebound during the next five months. The stock is down sharply on Friday, trading 4.7% lower on the session at $24.67 as of 11:15 a.m. ET, after the company announced Thursday the resignations of its CFO and COO. The price of the underlying earlier slumped 10.4% to a fresh three-year low of $23.20 amid news of the executive resignations and after a number of analysts cut ratings and share price targets on the stock. Options players positioning for Guess shares to recover next year purchased more than 6,000 calls at the Mar. 2013 $26 strike this morning for an average premium of $1.47 per contract. Call buyers stand ready to profit at expiration in March should shares in the specialty retailer rally 11% over the current level of $24.67 to top the average breakeven price of $27.47. Shares in GES last traded above $27.47 at the end of September. Guess?, Inc. is scheduled to report third-quarter earnings at the end of the month.

SBUX - Starbucks Corp. – Shares in the retailer of specialty coffee, beverages and snacks are soaring this morning after the company reported better-than-expected fourth-quarter earnings on Thursday after the bell and raised its quarterly dividend by 24% to $0.21 a share. Starbucks shares increased as much as 11.4% in the first half of the trading session to $51.94, the highest level since mid-September. Some options traders appear to be gearing up for continued gains in the price of the underlying next week by purchasing weekly calls that expire next Friday. Bullish players snapped up more than 320 of the Nov. 09 ’12 $52 strike calls for an average premium of $0.39 apiece. Volume in these weekly options is heaviest up at the Nov. 09 ’12 $52.5 strike call, where more than 2,000…
continue reading


Tags: , ,




Put Action Portends Potential Pullback In Delta Air Lines

 

Today’s tickers: DAL, GES & AGU

DAL - Delta Air Lines, Inc. – Options on the Atlanta, Georgia-based airline were among the most actively traded as measured by volume this morning after a large block of bearish puts changed hands in the first hour of the trading session. Shares in Delta Air Lines are sliding on a down day for the broader market, trading 4.0% lower at $9.15 as of 12:10 p.m. ET. Volume in Delta options was heaviest at the Dec. $8.0 strike, where upwards of 11,500 puts traded against previously existing open interest of 3,299 contracts. It looks like 9,110 of the $8.0 strike puts traded in a block and appear to have been purchased along with the remainder of the overall volume at a premium of $0.48 per contract. The sizable stake in DAL puts may represent outright bearish positioning on the airline through the end of the calendar year, or could be a hedge to protect the value of an existing position in the underlying shares. Profits, or downside protection, kick in if shares in Delta plunge 18% from the current price of $9.15 to breach the effective breakeven point at $7.52 by December expiration. Shares in Delta Air Lines, Inc. last traded below $7.52 in November 2011.

GES - Guess?, Inc. – Bulls buying front-month calls on Wednesday afternoon ahead of Guess, Inc.’s second-quarter earnings report were crushed today after the retailer revealed declining same-store sales and lowered estimates for full-year earnings and revenue. Shares in Guess reacted to the disappointing report by dropping 20% to an intraday low of $26.73. The largest increase in September expiration call option open interest overnight was in the $36 strike contracts, which rose by 904 lots to 1,406 contracts. A review of time and sales from Wednesday afternoon shows the purchase of approximately 850 of the Sep. $35 calls for a premium of $0.95 apiece just after 12:20 p.m. ET. Less than 24…
continue reading


Tags: , ,




Bullish Player Fancies Luxury Hotel Options

Today’s tickers: OEH, GES, TKLC & COH

OEH - Orient-Express Hotels, Ltd. – Shares in the hotel and travel company with a taste for the luxury side of the leisure market slipped 2.15% this afternoon to $10.80, but options activity on Orient-Express Hotels today suggests shares may rebound by the end of the year. It looks like one optimistic investor purchased a call spread in the December contract to position for the stock to rise as much as 15.7% by expiration. Luxury-goods names such as Coach (COH) and Tiffany & Co. (TIF) are soaring today, perhaps the bullish player populating Orient-Express Hotels expects consumers with the funds to afford luxury travel and accommodations to keep their wallets open to the eventual benefit of OEH shares. The trader picked up 5,000 in-the-money calls at the December $10 strike for a premium of $1.90 each, and sold the same number of calls up at the December $12.5 strike at a premium of $0.65 apiece. The net cost of the transaction amounts to $1.25 per contract and positions the investor to profit should shares in Orient-Express Hotels rally 4.2% over the current price of $10.80 to surpass the effective breakeven point on the spread at $11.25 by December expiration day. Maximum potential profits of $1.25 per contract are available to the trader in the event that shares jump 15.7% to trade above $12.50 at expiration. Overall open interest on the stock of 13,566 contracts is largely composed of open put positions, while open positions in OEH calls are relatively few and far between. The 10,000 call options traded in the debit call spread today are substantial compared to previously established call positions and against total open positions on the hotel company. Shares in OEH last traded above $12.50 at the beginning of April.…
continue reading


Tags: , , ,




 
 
 

Phil's Favorites

Bloomberg Has Built a Star Wars Machine to Try to Steal the Democratic Nomination

Courtesy of Pam Martens

Michael Bloomberg

Billionaire Michael Bloomberg is used to getting his way. After serving two terms as New York City’s Mayor as a Republican, he used his own vast stash of cash to repeal term limits and give himself another four-year term, running as an Independent. Now he has promised to do the unprecedented: spend $1 billion of his own money to install himself as President of the United States, running on the Democratic ticket.

Bloomberg’s campaign increasingly resembles an octopus with money gushing out of its tentacles into anything and everything that will inject Mic...



more from Ilene

Zero Hedge

China Stocks Surge, S&P Futs Hit All Time High On Latest Chinese Monetary Stimulus

Courtesy of ZeroHedge View original post here.

European stocks rose on Monday, Chinese shares surged, recovering all their post-coronavirus losses and S&P and Nasdaq futures jumped to new all time highs as investors took encouragement from the Asian country’s monetary (if not fiscal) pledges to support the world’s second-biggest economy in the face of the coronavirus outbreak. The yen and gold both slipped.

...



more from Tyler

Insider Scoop

AMX Buys Fellow Alabama Company Powell, Adds Reefer Capacity

Courtesy of Benzinga

Alabama Motor Express will push deeper into the refrigerated business with purchase of Powell Transport Solutions.

The acquisition, announced earlier this week, will bring 35 refrigerated trailers to AMX, the company said in a statement. A spokeswoman for AMX, in response to questions submitted by FreightWaves, said the company's business is currently about 10% refrigerated. The AMX fleet before the acquisition was 210 trailers, she said.

Powell's business is 100% refrigerated, according to the...



http://www.insidercow.com/ more from Insider

Biotech & Health

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



more from Biotech

Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



more from Our Members

The Technical Traders

Is The Technology Sector Setting Up For A Crash? Part I

Courtesy of Technical Traders

One thing that continues to amaze our research team is the total scale and scope of the Capital Shift which is taking place across the globe.  For almost 5+ years, foreign investors have been piling into the US stock market chasing the stronger US dollar and continued advancement of US share prices. It is almost like there is no other place on the planet that will allow investors to pool capital into such a variety of strong assets while protecting against foreign capital risks.  Yet the one big question remains – when will a price reversion event hit the US stock
market?

So many researchers, even our team of researchers, believe we have found the keys to unloc...



more from Tech. Traders

Kimble Charting Solutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1)....



more from Kimble C.S.

ValueWalk

Russell 2000 Index (RUT) hits an almost one-month high

By Gorilla Trades. Originally published at ValueWalk.

Ad the Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q4 2019 hedge fund letters, conferences and more

Russell 2000 Index (INDEXRUSSELL: RUT) Outperforms Large-Cap Benchmarks

While the overnight session was nothing short of scary stocks held on to most of yesterday's gains and small-caps even extended their winning streak. The Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, finishing higher for the fourth day in a row while outperforming the large-cap benchmarks, and since the Volatility...



more from ValueWalk

Chart School

Dow theory warning from the Utilities Index

Courtesy of Read the Ticker

Charles Dow died in 1902, and the investors should thank him for his ever lasting Dow Theory Analysis.

Carrying on this blog theme looking at the Utility stocks. Previous post.
Dow Jones Utility index could trade like the FANGs
Formula for when the Great Stock Market Rally ends



You can learn about Dow Theory here

This post is concerned wi...

more from Chart School

Digital Currencies

Bitcoin Price May Hit $27K All-Time High By Summer, Predicts Fundstrat's Tom Lee

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. 

...



more from Bitcoin

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 ...



more from Lee

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.

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

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.