Posts Tagged ‘JNY’

Jones Group Options In Focus

JNY – The Jones Group, Inc. – Shares in The Jones Group dropped 10% to $13.66 on Friday morning, the lowest level since July 3rd, after Women’s Wear Daily reported that G-III Apparel Group Ltd. is no longer seeking to acquire the company’s apparel business, citing two sources. The sharp move in the price of the underlying sparked heavy trading in JNY options straight out of the gate this morning, with upwards of 4,300 contracts traded as of 11:00 a.m. EST versus the stock’s average daily volume of around 2,000 contracts.

Fresh interest in Nov $14 strike puts on JNY suggests some traders are bracing for shares in the retailer to extend losses next week. More than 1,000 of the $14 strike puts have changed hands against open interest of 594 contracts, and much of the volume appears to have been purchased at a premium of $0.50 each. Buyers of the $14 puts stand ready to profit at expiration next week in the event that Jones Group shares settle below the breakeven price of $13.50. 


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JPM Calls Active As Shares Hit Highest Since May

 

Today’s tickers: JPM, JNY & MW

JPM - JPMorgan Chase & Co. – Financial stocks are on a tear today after the ECB released details of its bond-buying plan amid a better-than-expected ADP report that showed private-sector employers added 201,000 jobs in August. Shares in JPMorgan earlier rallied to their highest level on an intraday basis since May 10th, climbing 4.7% to touch $38.87 in the first half of the session. Options traders positioning for shares in the name to extend gains in the near term pounced on the newly issued weekly contracts expiring one week from tomorrow. Call volume is on the rise at the Sep. 14 ’12 $38.5, $39 and $39.5 strikes. Roughly 1,400 calls changed hands at the $38.5 strike by midday, with much of the volume purchased for an average premium of $0.56 apiece. Traders long these in-the-money call options stand ready to profit next week should JPM’s shares exceed the average breakeven price of $39.06. Trading traffic spread to the Sep. 14 ’12 $39 strike where more than 3,100 contracts are in play. Overall options volume of 166,735 contracts as of 12:40 p.m. ET on JPMorgan is well above the stock’s average daily options volume of around 70,500 contracts. Calls are more active than puts, with the call-to-put ratio hovering around 1.6.

JNY - The Jones Group, Inc. – Apparel and accessories retailer, The Jones Group, Inc., is seeing heavier than usual options activity today, with shares in the name rallying 3.5% to an intraday- and new 52-week high of $13.38 in the first half of the trading day. The company was scheduled to present at the Goldman Sachs 2012 Global Retailing Conference ahead of the opening bell this morning. One options trader appears to be positioning for shares in the name to potentially rise to their highest level since April 2011 by October expiration. It looks like the strategist purchased a 657-lot Oct. $12/$15 call spread for a net…
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Industry Acquisition News Spurs Activity in Brookdale Options, Sends Shares Soaring

Today’s tickers: BKD, COH, CNP, JNY, SBUX, XRX & SLB

BKD - Brookdale Senior Living, Inc. – Shares of the operator of senior living communities are up 18.7% at $19.74 this afternoon after earlier rallying as much as 20.4% to an intraday high of $20.03. Brookdale’s shares jumped after Ventas Inc. agreed to purchase the real estate assets of Atria Senior Living Group for $1.5 billion in cash and stock. The acquisition sent shares in Brookdale, the largest owner of senior communities in the U.S., higher on sentiment the stock is undervalued and spurred bullish trading in its options today. One options strategist utilized longer-dated calls and puts to position for shares to continue their ascent. The trader purchased 1,745 calls at the January 2011 $20 strike at a premium of $1.60 each, and sold the same number of puts out at the April 2011 $17.5 strike at a premium of $1.30 apiece. The cost of buying the call options is reduced to just $0.30 per contract, thus positioning the investor to make money if BKD’s shares rally above the effective breakeven price of $20.30 ahead of expiration day in January. The sale of the put options is a nice way to cheapen the cost of taking a bullish stance on Brookdale, but is not without its risks. The trader could have 174,500 shares of the underlying stock put to him at $17.50 each if the puts land in-the-money at expiration in April 2011. But, the $1.30 premium per contract received for bearing this risk appears to be a favorable trade off for this bullish player.

COH - Coach, Inc. – The luxury retailer of handbags and accessories popped up on our scanners this morning after one investor dabbled in near-term put options. Coach’s shares are currently up 0.50% to stand at $44.64 as of 12:55 p.m., but earlier rallied more than 1.20% to touch an intraday high of $44.96. The near-term pessimistic play observed in the November contract today may be the work of…
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Cautiously Optimistic Player Enacts Delta Neutral Hedge Ahead of Oracle Earnings

Today’s tickers: ORCL, DV, JNY, HOG, FDO & UA

ORCL – Oracle Corp. – Shares of the software company rallied as much as 1.45% this afternoon to touch an intraday high of $25.75, which is just $0.88 below the stock’s current 52-week high of $26.63. Options activity on Oracle is quite active ahead of the firm’s first-quarter earnings report scheduled for release after the closing bell tomorrow evening. One options investor hoping to see Oracle’s shares extend gains through the start of 2011 initiated a delta neutral hedge in the January 2011 contract. It looks like the trader purchased a total of 12,500 puts at the January 2011 $21 strike for a premium of $0.45 apiece, tied to the purchase of a large number of ORCL shares for $25.65 each, on a 0.15 delta. The long position in shares suggests perhaps that the investor expects tomorrow’s earnings report to lift shares and/or foresees continued bullish movement in the price of the underlying stock over the next 5 months. But, the put options serve as a type of insurance policy for the trader in case Oracle’s shares falter going forward. Options investors exchanged more than 77,800 contracts on the software maker by 3:10 pm ET.

DV – DeVry, Inc. – The for-profit operator of colleges and universities popped up on our ‘hot by options volume’ marker scanner after one investor initiated a call spread in the November contract. DeVry’s shares fell as much as 2.9% in the first half of the trading session to touch down at an intraday low of $41.25, but made a strong recovery in early afternoon trading, and currently stand 1.25% higher on the day at $43.01 as of 12:52 pm ET. The investor populating the November contract wisely established a contrarian debit call spread on the stock when shares were still in the red. The options strategist purchased 2,000 calls at the November $45 strike at a premium of $2.00 each, and sold the same number of calls at the higher November $50 strike for premium of $0.65 apiece. Net premium paid to purchase the spread amounts to $1.35 per contract. The investor is positioned to make money if DeVry’s shares rally another 7.8% over the current price of $43.01 to surpass the effective breakeven point at $46.35 by expiration day in November. Maximum potential profits of $3.65 per contract are available to the call-spreader if…
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Zero Hedge

Yuan Tumbles After Navarro Warns "No Indication That Tariffs Will Be Delayed"

Courtesy of ZeroHedge View original post here.

While US equity futures have barely dipped, offshore yuan has tumbled - erasing the earlier optimistic spike - after White House Trade Advisor Peter Navarro told Fox News that he has "no indication that December tariffs will not be put on."

Additionally Navarro said that China "was trying to shape the narrative on trade talks to affect the futures market," and that is up to the Chinese if a trade deal can get done.

Yuan erased all of the gains from China's comments this morning.....



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Phil's Favorites

In its anti-'Medicare for All' push, the health insurance industry pulls from an old playbook

 

In its anti-'Medicare for All' push, the health insurance industry pulls from an old playbook

If you’re strangled by health care costs, are you really ‘free’? jwblinn/Shutterstock.com

Courtesy of Burton St. John III, University of Colorado Boulder

As a debate continues to rage within the Democratic Party over “Medicare for All,” the health care industry has quietly girded itself to fight the elimination of for-profit health care.

In the summer of 2018, trade groups rep...



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Insider Scoop

5 Stocks Moving In Tuesday's After-Hours Session

Courtesy of Benzinga

Gainers
  • Ollie’s Bargain Outlet Holdings Inc (NASDAQ: OLLI) shares are up 11% after reporting a third-quarter earnings beat. Earnings came in at 41 cents per share, beating estimates by 3 cents. Sales came in at $327.049 million, beating estimates by $4.549 million.
  • Dave & Buster’s Entertainment Inc (NASDAQ: ...


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Kimble Charting Solutions

Are Bank Stocks Sending Bullish Message To Investors?

Courtesy of Chris Kimble

Just as the health of the banking sector is a big deal to the economy, it’s equally important to the S&P 500 (SPY) and broader stock market.

Although the bull market has grinding higher, it’s awaiting confirmation from the banks and banks stocks.

Today’s chart is of the S&P 500 Bank ETF (KBE) and shows how the banks are at an important juncture in time and price.

KBE (the bank ETF) is testing the upper end of a falling channel, offering bulls an opportunity for a breakout – see point (2).

The banks were at a similar juncture nearl...



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Digital Currencies

The Road To Retirement: Millennials Put Their Faith In Bitcoin But Goldman Says Go With Gold

Courtesy of ZeroHedge View original post here.

"Drop Gold" - the ever-present tagline of Grayscale's Bitcoin Trust TV commercial - appears to be working its magic on a certain cohort of society.

2019 has seen assets under management in GBTC soar...

Source: Bloomberg

And for Millennials, according to the lates...



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Lee's Free Thinking

Chart Shows the Fed Ramping Up Not QE - Funding Almost All Treasury Issuance

 

Chart Shows the Fed Ramping Up Not QE – Funding Almost All Treasury Issuance

Courtesy of Lee Adler, Wall Street Examiner 

The Fed is ramping up “Not QE” .

The Fed bought $2.2 billion in notes today in its POMO, “not QE,” operations. Actually $2.15 billion because they sold back a whole $50 million. Must have been a little glitch in the force.

This brings the Fed’s total outright purchases of Treasuries to $170 billion since it started Not QE, on September 17.

It also did $107 billion in gross new repo loans to Primary Dealers to buy Tre...



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Chart School

Silver stock taking the sector higher

Courtesy of Read the Ticker

As the US economy begins to show late cycle characteristics like: GDP slowing, higher inflation, higher wage costs, CEO confidence slump. 

Previous Post: Gold Stocks Review

The big players in the market are looking for the next swing off good value lows. This means more money is finding it way into the gold and silver sector, and it is said gold and silver stocks actually lead the metal prices.

The cycle below shows prices are ready to move in the months ahead (older chart re posted).


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Members' Corner

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

 

Sacha Baron Cohen Uses ADL Speech to Tear Apart Mark Zuckerberg and Facebook

By Matt Wilstein

Excerpt:

Sacha Baron Cohen accepted the International Leadership Award at the Anti-Defamation League’s Never is Now summit on anti-Semitism and hate Thursday. And the comedian and actor used his keynote speech to single out the one Jewish-American who he believes is doing the most to facilitate “hate and violence” in America: Facebook founder and CEO Mark Zuckerberg.

He began with a joke at the Trump administration’s expense. “Thank you, ADL, for this recognition and your work in fighting racism, hate and bigotry,” Baron Cohen said, according to his prepared...



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The Technical Traders

VIX Warns Of Imminent Market Correction

Courtesy of Technical Traders

The VIX is warning that a market peak may be setting up in the global markets and that investors should be cautious of the extremely low price in the VIX. These extremely low prices in the VIX are typically followed by some type of increased volatility in the markets.

The US Federal Reserve continues to push an easy money policy and has recently begun acquiring more dept allowing a deeper move towards a Quantitative Easing stance. This move, along with investor confidence in the US markets, has prompted early warning signs that the market has reached near extreme levels/peaks. 

Vix Value Drops Before Monthly Expiration

When the VIX falls to levels below 12~13, this typically v...



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Biotech

Why telling people with diabetes to use Walmart insulin can be dangerous advice

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

 

Why telling people with diabetes to use Walmart insulin can be dangerous advice

A vial of insulin. Prices for the drug, crucial for those with diabetes, have soared in recent years. Oleksandr Nagaiets/Shutterstock.com

Courtesy of Jeffrey Bennett, Vanderbilt University

About 7.4 million people ...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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.

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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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