Posts Tagged ‘JEF’

ConAgra Call Options Active As Shares Soar To Multi-Year Highs

 

Today’s tickers: CAG, NSC & JEF

CAG - ConAgra Foods, Inc. – Options on food products company, ConAgra Foods, Inc., are more active than usual this morning after the provider of Snack Packs, Slim Jims and Hebrew National hot dogs boosted its quarterly dividend and raised its full-year earnings forecast. Shares in CAG rallied more than 8% this morning to a multi-year high of $27.75. Traders positioning for shares in the name to extend gains in the near term snapped up call options in the September and October expiries. Overall volume in ConAgra options today is above 12,400 contracts as of 12:00 p.m. ET; heavy activity for the name, which typically sees average daily options volume of 598 contracts. Upside call buying in contracts with just one full trading day remaining to expiration indicate some strategists anticipate a strong end to the week for ConAgra shares. Traders appear to be buying most of the volume in the Sep. $27 and $28 strikes this morning at average premiums of $0.27 and $0.05 apiece. Thus far in the session, these contracts have traded more than 1,600 times each. Fresh interest in the Oct. $28 strike call, where 1,400 contracts changed this morning versus zero open positions, appears to have been largely initiated by buyers paying an average premium of $0.20 per contract. Traders long the calls profit at expiration next month as long as shares in ConAgra rally another 3% over the current price of $27.35 to top the average breakeven point at $28.20.

NSC - Norfolk Southern Corp.– Rail transportation services provider, Norfolk Southern Corp., said Wednesday third-quarter earnings are likely to trail analyst estimates, sending the price of its shares down nearly 10% this morning to $65.58. At least one options trader is positioned for the shares to come off further. It looks like the strategist purchased a 2,000-lot Oct. $60/$65 bear put spread at an average net premium outlay of $0.65 per contract. The…
continue reading


Tags: , ,




Puts Active On JEF Ahead Of Earnings; CBRL, ANN Options See Further Upside

 

Today’s tickers: JEF, ANN & CBRL

JEF - Jefferies Group, Inc. – Put options are active on Jefferies today ahead of the company’s third-quarter earnings report prior to the opening bell on Thursday. Shares in the global securities and investment banking firm are currently hovering near their session low, down 1.6% to stand at $15.46 as of 12:20 p.m. ET. Jefferies popped up on our ‘hot by options volume’ market scanner this morning after at least one options player initiated a sizable near-term bearish stance on the stock. It looks like traders exchanged more than 5,400 puts at the Sep. $15 strike against previously existing open interest of 967 contracts. Most of the puts in play appear to have been purchased at a premium of $0.15 apiece, perhaps as some strategists prepare for the price of the underlying to extend losses this week. Traders may be taking an outright bearish stance on the stock, or could be securing downside protection to hedge a long position in JEF shares. Profits, or downside protection, kick in if shares in the financial services firm decline 4% from the current level to breach the breakeven price of $14.85 at expiration. Shares in Jefferies, which hit a six-month low of $11.59 in July, have since gained more than 30% to trade at their highest since the first week in May.

ANN - Ann, Inc.– Upside calls on women’s apparel and accessories retailer, Ann, Inc., attracted buyers positioning for shares in the name to rally through the end of the trading week. Interestingly, shares in ANN started the session flat-to-slightly negative on Wednesday before turning positive and rallying sharply. The move in the price of the underlying was accompanied by heavy front-month call buying. The stock is now up better than 2.4% on the session to stand at $38.40 as of 12:45 p.m. in New York. The bulk of the trading traffic in ANN options this morning is in the Sep.…
continue reading


Tags: , ,




Thrill Is Gone Thursday – Already?

SPY DAILYYesterday was very exciting, but now what?

David Fry summed up yesterday’s action perfectly, saying "Wednesday’s massive rally was prompted by sudden global central bank intervention adding (printing money) liquidity (reducing the lending rate overseas to zero basically) to shore up sovereign debt in the eurozone. They basically set up a swap facility to do the job in the future. Is it a cure or a bailout? No, this is a handout. And it doesn’t solve the problems the eurozone is facing."  

"But, it must be said that the European leaders must have hit a dead end in talks and a potential financial panic must have seemed likely. Mind you, Mr. Bernanke is perfectly comfortable with reflation and money printing. He’s been at it for a long time. It will take years for the Freedom of Information Act to discover how much money and to whom the U.S. has given free money. Americans and others will see price increases in all products and services as a result of a weaker dollar negatively affecting purchasing power. Beyond Moral Hazard issues this is the cost you’ll see and perhaps even wonder why."

openingimageIt’s the classic "stick save" that was clearly (to us) telegraphed by the very low-volume blow-off bottom last week and now, in retrospect, it is also clear that the market manipulators and their media hounds were pulling out all the stops to get retail investors to SELLSELLSELL.  

As I mentioned yesterday, I’ve been railing against the market manipulation and the media nonsense that had been going on each month and today we learn that Wall Street execs did, in fact, meet privately with top Fed officials in September, according to Fed documents, and they "recommended" Central Banks make a joint effort to address the Eurozone debt crisis.  Don’t forget that our Fed works for the Banksters, not vice versa!  In addition to knowing well in advance this move was coming, their suggestions included boosting the global economy by buying securities, a move that may yet happen as many investors believe yesterday’s swap announcement was a prelude to additional coordinated action.   

You see, it’s not enough for Lloyd Blanfein (allegedly and for example, of course, a fine man like Lloyd would never do this) to know that the Fed is going to make a massive move like yesterday – there’s much more money to be made if…
continue reading


Tags: , , , , , , , , , , , , , , , , ,




Put ‘Fly Points To Near-Term Pullback In Retail Sector

Today’s tickers: XRT, JEF, OII & TRGT

XRT - SPDR S&P Retail ETF – Massive prints in XRT put options launched the ETF near the top of our ‘most active by options volume’ market scanner today. The put butterfly spread initiated on the SPDR S&P Retail ETF in the first half of the session yields maximum benefits to its owner in the event that the price of the underlying fund slide more than 8.0% in the next few weeks. Shares in the XRT currently trade 1.9% lower on the session at $51.56 as of 1:10 pm in New York. The bearish transaction on the retail-sector fund involved the purchase of 35,765 puts at the Nov. $51 strike, the sale of 71,530 puts at the Nov. $47 strike, and the purchase of 35,765 puts at the Nov. $43 strike, all for a net premium of $0.53 per contract. The investor responsible for the transaction greatly reduced the cost of positioning for limited bearish movement in the price of XRT shares through expiration. For example, investors looking to buy puts outright at the Nov. $51 strike must currently shell out $1.79 per contract. The put ‘fly spread prepares the trader to profit should shares in the XRT decline 2.1% to breach the upper breakeven price of $50.47. Maximum potential profits of $3.47 per contract are available to the strategist if the price of the underlying fund falls 8.8% to settle at $47.00 at expiration day in a few weeks. The investor risks losing a maximum of $0.53 per contract, or the amount of premium paid to initiate the position, buts stands ready to gain more than six times that amount if the fund slips to $47.00 at expiration. Shares in the XRT opened the October 5, 2011, trading session at $47.00.

JEF - Jefferies Group, Inc. – Bearish options trades on global securities and investment banking firm, Jefferies Group on Monday seem to have paid off handsomely for at least one investor on Tuesday. Shares in JEF dropped 8.8% to $12.09 by midday on the East Coast. It looks like one trader snapped up around 1,000 puts at the Nov. $12 strike yesterday for an average premium of $0.25 apiece. Today, it appears 1,000 of the put options sold for $1.00 each, six minutes into the trading day. If it’s the case that the buyer of the contracts and the seller are one and the same,…
continue reading


Tags: , , ,




Bearish Bets On Jefferies Spot-On As Shares Extend Losses

Today’s tickers: JEF, MS & EXEL

JEF - Jefferies Group, Inc. – Disappointing third-quarter results released earlier in the week initially failed to take the wind out of Jefferies Group’s sails, as evidenced by a more than 2.5% rally in its shares by lunchtime on Tuesday. We observed bearish put buying taking place on the stock in the midst of Tuesday’s rally, and noted that one strategist was positioning for the stock to surrender those gains and then some by October expiration. Lo and behold, shares in the investment bank reversed course by the close of trade on Tuesday, and have continued to slide in the days since.

The stock has fallen 15.0% in the past 48 hours alone, while losses since the start of 2011 are now up around 55.0%. One post-earnings report put buyer purchased roughly 3,100 of the October $14 strike puts on Tuesday for an average premium of $0.75 each. These contracts currently command an asking price of $2.80 each. The decline in open interest in the Oct. $14 put to 1,706 by Thursday suggests some profit taking may have occurred yesterday when shares in Jefferies Group shaved 5.4% off their opening price of $13.58. The investor may have received as much as $1.35 per contract by selling-to-close part of the original position on Wednesday. Overnight gains on the sale could have amounted to roughly 80.0%.

Fresh bearish positioning in Jefferies put options this morning may mean the worst is yet to come. Investors expecting declines in the price of the underlying to extend through November expiration snapped up more than…
continue reading


Tags: , ,




Visa Calls Fly Off The Shelves As Shares Hit Fresh 52-Week Peak

Today’s tickers: V, CLGX, JEF & TEVA

V - Visa, Inc. – Volume in Visa call options jumped straight out of the gate this morning, with shares in the electronic payments company now trading 5.2% higher on the day at a new 52-week high of $94.75 as of 12:55 pm ET. The company said Monday it has partnered with Internet search giant, Google, to allow Visa account-holders to pay for store purchases with Android smartphones. Activity in call options that expire at the end of the week suggest some traders are positioning for the price of Visa’s shares to extend gains through Friday. Investors picked up in- and out-of-the-money calls in the Sept. ’23 weeklies, but focused their efforts most aggressively at the Sept. $95 call, driving volume at that strike up past 11,500 contracts. The majority of the Sept. $95 strike calls appear to have been purchased for an average premium of $0.46 each. Call buyers profit at expiration this week if shares in Visa exceed the average breakeven price of $95.46. Bullish bias in the weeklies spread to the Sept. $97.5 strike where investors paid an average premium of $0.22 apiece for more than 650 calls.

Longer-dated October contract call options are also popular on Visa this afternoon as traders position for fresh 52-week highs in the weeks ahead. Buyers out-transacted sellers in the Oct. $92.5 and $95 strike call, while mixed trading was seen in the higher Oct. $100 strike call option. Fresh prints in the Oct. $105 strike call are notable as upwards of 2,500 calls changed hands at that strike against previously existing open interest of just 3 contracts. It looks like most of these contracts were purchased for an average premium of $0.25 a-pop. Investors long the Oct. $105 strike call profit at…
continue reading


Tags: , , ,




 
 
 

Phil's Favorites

Overpriced tech IPOs sell grand visions but aren't worth their valuations

 

Overpriced tech IPOs sell grand visions but aren't worth their valuations

rblfmr / Shutterstock.com

Courtesy of John Colley, Warwick Business School, University of Warwick

The year of the tech IPO is 2019. Uber went public on May 10 with a US$82.4 billion valuation. Fellow ride-sharing app Lyft floated in March with a U$24 billion valuation and Pinterest had a US$10 billion IPO in April...



more from Ilene

Zero Hedge

The Boycott Begins: Chinese Company Orders Employees To "Stop Using American Products, Eating At KFC"

Courtesy of ZeroHedge. View original post here.

In a harbinger of what's to come as the US-China trade war gets worse by the day, a Chinese company has told all of its employees to boycott American products and halt international travels to the U.S., reported The Epoch Times.

Jinggang Motor Vehicle Inspection Station notif...



more from Tyler

Kimble Charting Solutions

Emerging Markets About To Submerge If 3-Year Support Breaks?

Courtesy of Chris Kimble.

Are Emerging Markets about to “Submerge” and head a good deal lower? What they do at (3) will go a long way in answering this question!

Emerging Markets ETF (EEM) has been lagging the broad market for the past 15-months. They hit their 50% retracement level of the last year’s highs and lows and falling resistance at (2) recently. The weakness of last has EEM trading below its 200-MA line.

EEM has spent the majority of the past 3-years inside of rising channel (1), which reflects that this trend remains up. The weakness of late has it testing the bo...



more from Kimble C.S.

Insider Scoop

Amgen To Buy Danish Collaborator Nuevolution For $167M

Courtesy of Benzinga.

Amgen, Inc. (NASDAQ: AMGN) took a logical step forward in buying a preclinical biotech it has been collaborating with since 2016. 

What Happened

Amgen announced Wednesday an agreement to buy Copenhagen-based Nuevolution for $167 million.

Th...



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

Chart School

Weekly Market Recap May 18, 2019

Courtesy of Blain.

China – U.S. trade talk continued to dominate the week.   A heavy selloff Monday was followed by 3 up days, with Friday moderately down.

On Monday, Chinese officials announced retaliatory tariffs against the U.S., hitting $60 billion in annual exports to China with new or expanded duties that could reach 25%.

Then on Wednesday:

The Trump administration plans to delay a decision on instituting new tariffs on car and auto part imports for up to six months, according to media reports.

...

more from Chart School

Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



more from Bitcoin

Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



more from Biotech

ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



more from ValueWalk

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...



more from Our Members

Mapping The Market

It's Not Capitalism, it's Crony Capitalism

A good start from :

It's Not Capitalism, it's Crony Capitalism

Excerpt:

The threat to America is this: we have abandoned our core philosophy. Our first principle of this nation as a meritocracy, a free-market economy, where competition drives economic decision-making. In its place, we have allowed a malignancy to fester, a virulent pus-filled bastardized form of economics so corrosive in nature, so dangerously pestilent, that it presents an extinction-level threat to America – both the actual nation and the “idea” of America.

This all-encompassing mutant corruption saps men’s souls, crushes opportunities, and destroys economic mobility. Its a Smash & Grab system of ill-gotten re...



more from M.T.M.

OpTrader

Swing trading portfolio - week of September 11th, 2017

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

 

This post is for all our live virtual trade ideas and daily comments. Please click on "comments" below to follow our live discussion. All of our current  trades are listed in the spreadsheet below, with entry price (1/2 in and All in), and exit prices (1/3 out, 2/3 out, and All out).

We also indicate our stop, which is most of the time the "5 day moving average". All trades, unless indicated, are front-month ATM options. 

Please feel free to participate in the discussion and ask any questions you might have about this virtual portfolio, by clicking on the "comments" link right below.

To learn more about the swing trading virtual portfolio (strategy, performance, FAQ, etc.), please click here ...



more from OpTrader

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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>