Posts Tagged ‘KKD’

Traders Sweet On Krispy Kreme Puts Ahead Of Earnings After The Close

 

Today’s tickers: KKD, GE & RAD

KKD - Krispy Kreme Doughnuts, Inc. – Options on Krispy Kreme are more active than usual on Thursday ahead of the company’s fourth-quarter earnings report after the final bell this afternoon. Shares in KKD slipped into negative territory earlier in the session, but have since reversed course to trade up 1.1% on the day at $15.12 as of 12:05 p.m. in New York. The doughnut maker’s shares, up nearly 60% year-to-date, have more than doubled since mid-November of 2012. Some options traders appear to be positioning for shares in Krispy Kreme to pullback after earnings. Bearish options are changing hands at the April $13 strike, with upwards of 1,800 puts in play versus open interest of 153 contracts. Time and sales data suggests much of the volume was purchased in the early going at a premium of $0.35 each. Put buyers stand ready to profit at expiration next month should shares in KKD drop 16% from the current price of $15.12 to breach the effective breakeven point on the downside at $12.65. Interest in the April $14 strike puts is on the rise as well today, with around 130 contracts purchased during morning trading at a premium of $0.60 apiece.

GE - General Electric Co. – Weekly calls in play on General Electric this morning predict shares in the name will rise to the highest level since October of 2008 during the next six trading sessions. GE shares, up better than 11% year-to-date, tacked on 0.90% today to trade at $23.70 by 11:10 a.m. ET. One or more traders anticipating fresh multi-year highs in GE’s shares in the near term appear to have purchased roughly 3,000 calls at the Mar. 22 ’13 $24 strike for an average premium of $0.10 per contract. The contracts may be profitable at expiration next week in the event that General Electric Co.’s shares rally another 1.7% over the current price of $23.70 to surpass the average breakeven point on the upside at $24.10. Call buyers may…
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NutriSystem Call Options Active As Shares Move Higher

 

Today’s tickers: NTRI, APKT & KKD

NTRI - NutriSystem, Inc. – Traders hoping to expand their wallets in the New Year are turning their attention to weight management services provider, NutriSystem, Inc., as shares in the name move up sharply, adding to recent gains. NTRI and its competitors are seen as beneficiaries of the perennial flood of “Resolutioners” that crowd into gyms, fitness centers and nutritionists offices touting various goals for the New Year. Shares in NutriSystem are currently up better than 7.5% on the day, and nearly 15% for the week, to stand at $8.97 as of 11:40 a.m. ET in New York trading on Friday. One or more options traders positioning for shares in NutriSystem to extend gains during the first few months of the New Year snapped up calls in the February and March expiries this morning. Roughly 1,100 call options changed hands at the Feb. $9.0 strike during the first half of the session, with most of the volume purchased for an average premium of $0.20 apiece. Traders long the calls stand ready to profit at expiration should shares in NTRI rally another 2.6% over the current price of $8.97 to top the average breakeven point at $9.20. Bullish activity spread to the Mar. $10 strike, where around 450 calls appear to have been purchased for an average premium of $0.15 each. Call buyers may profit at March expiration in the event that NTRI shares increase at least 13% over the current level to exceed $10.15 during the next 11 weeks. Shares in the provider of ready-to-eat meals last traded above $10.15 back in October of last year. Even after including this week’s gains in the price of the underlying, shares in NutriSystem are still down more than 40% since this time last year.

APKT - Acme Packet, Inc. – Double-digit percentage gains in shares of Acme Packet on the back of an upgrade to ‘Buy’ from ‘Hold’ at Stifel Nicolaus with a 12-month target share price of $27.00 on Friday has landed some options traders with hefty overnight paper profits on…
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Options Volume On HPQ Jumps As Shares Dive To Lowest In A Decade

 

Today’s tickers: HPQ, KKD & ABX

HPQ - Hewlett-Packard Co. – Shares in HPQ fell to their lowest level in a decade on Tuesday after the company announced fourth-quarter results that missed analyst expectations for sales and included an $8.8 billion impairment charge related to its Autonomy business. Options on the PC maker are seeing heavy volume amid an ugly selloff in the price of the underlying, currently trading down 11% at $11.84 as of 12:35 p.m. ET. Nearly 250,000 call and put options have changed hands on the stock versus the average daily options volume of 47,726 contracts. Calls are slightly more active than puts, with the call-to-put ratio hovering around 1.1 in early-afternoon trading. Weekly calls, specifically the Nov. 23 ’12 $12 strike contracts, attracted particularly heavy trading traffic today. It looks like some strategists are betting the stock could rebound somewhat off its post-earnings report lows by the end of the week. Upwards of 23,000 of the $12 strike weekly calls traded in the first half of the session today against open interest of just 696 contracts. It appears most of these contracts were purchased for an average premium of $0.10 apiece, and may mean some options market participants are placing cheap near-term bullish bets on the computer maker. Traders long the weekly contracts make money as long as shares in HPQ increase 2.2% over the current price of $11.84 to settle above the average breakeven price of $12.10 at expiration.

KKD - Krispy Kreme Doughnuts, Inc. – It’s a sweet day for investors in Krispy Kreme Doughnuts, Inc., with shares in the name soaring 22.5% on the back of better-than-expected third-quarter earnings to the highest level in more than a year. Shares in the doughnut maker are off earlier highs, but continue to trade up approximately 20% on the session at $9.04 as of 11:50 a.m. ET. Buyers of bullish options on Krispy Kreme yesterday prior to the earnings report are enjoying sizable overnight…
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Smucker’s Calls In Focus As Shares Soar To Record High

 

Today’s tickers: SJM, LVS & KKD

SJM - J.M. Smucker Co. – Bullish bets initiated on branded food maker, J.M. Smucker Co., earlier this week are paying off for some strategists following the release of the company’s first-quarter earnings report ahead of the opening bell. Better-than-expected first-quarter earnings and revenue along with the firm’s full-year earnings guidance now at the top end of its previously forecasted range sent the price of the underlying stock soaring 6.5% to a new all-time high of $84.10 this morning. Traders positioning for a post-earnings report pop in the share price picked up around 250 of the Aug. $80 strike puts earlier this week for an average premium of $0.70 per contract. These calls, which are in their final day of trading before expiration, are now deep in-the-money, displaying a last-traded price of $3.70 as of 12:10 p.m. in New York. Traders who paid $0.70 apiece for the contracts have seen the value of the call options quadruple this week. Meanwhile, fresh bullish action in Smucker’s call options spread to the Sept. $85 strike where approximately 330 calls were purchased for an average premium of $0.65 apiece. The trader or traders purchasing the contracts profit if shares in SJM continue high to top a fresh record-high of $85.65 by September expiration.

LVS - Las Vegas Sands Corp. – Shares in the casino resort operator slumped to a 52-week low of $34.72 at the end of July on concerns over slowing growth in China and as gaming growth in Macao slipped to its lowest level in three years. But, the stock has managed to pare some of its losses during the first few weeks in August, rising 1.25% to $41.69 this morning, marking a 20% rebound in the price of the underlying off the July low. A debit call spread initiated in the weekly options expiring next Friday suggests one options player is positioned to benefit from further gains in the…
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Weekly Put Buyers Eye Further Downside In Caterpillar


Today’s tickers: CAT, KKD & JBLU

CAT - Caterpillar, Inc. – Shares in Caterpillar are down for the third straight day, trading 2.1% lower on Thursday afternoon at $106.68 as of 12:50 p.m. in New York following the release of weaker manufacturing data from Germany and China. Activity in the newly issued weekly options on the machinery maker suggests some traders anticipate the downside move in the shares will continue in the near term. Bearish positions were initiated at the Mar. ’30 $100 strike, where more than 1,000 puts were purchased for an average premium of $0.35 apiece. Traders long the $100 puts profit at expiration next week in the event that CAT’s shares decline another 6.6% to breach the average breakeven price of $99.65. Shares in Caterpillar last traded below $99.65 in mid-January.

KKD - Krispy Kreme Doughnut, Inc. – Options on Krispy Kreme are more active than usual today, with shares in the doughnut retailer down 6.6% at $7.25 this afternoon. More than three times as many call options are changing hands on KKD as put options, but most of the volume appears to be bearish. Front month $7.5 strike calls traded around 1,200 times so far today against open interest of 415 positions. It looks like most of the call options were sold this morning for $0.25 to $0.30 per contract. Perhaps call sellers are throwing in the towel on the possibility for a near-term rebound in shares of the doughnut maker. Alternatively, some of the volume today may be the work of traders cutting their losses on bullish positions initiated yesterday afternoon. Open interest in the April $7.5 strike calls suggests buyers shelled out $0.65 per contract for a couple hundred contracts on Wednesday. These positions more than halved in value overnight.…
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SINA Corp. Puts In High Demand As Shares Slide

Today’s tickers: SINA, BLK, KKD & SCHW

SINA - Sina Corp. – Shares in SINA Corp. quickly surrendered gains enjoyed at the open of U.S. markets, plunging as much as 11.2% to $56.05 before recovering somewhat to stand 4.5% lower on the day at a fresh 52-week low of $60.30, as of 11:30 AM in New York trade. The steep drop in SINA’s shares reportedly followed what some say is the misreading of an article in the Chinese-language version of the Wall Street Journal that mentioned the company in close proximity to research firm Muddy Waters. Shares are well off their lowest point of the session, but have not fully recovered from the selloff. Investors were quick to initiate bearish stances on the stock using put options after the stock turned-tail in early trade. Heavy trading traffic in the weekly put options indicates some traders are taking short-term bearish positions on the Chinese internet company in case shares in the name continue to come under fire over the next several sessions to expiration. Deep out-of-the-money puts are attracting substantial volume, with more than 3,900 puts changing hands at the Dec. ’02 $50 strike against open interest of just 14 contracts. It looks like investor purchased the majority of the puts at this strike for an average premium of $0.85 a-pop. Put volume exceeds 3,500 contracts up at the Dec. ’02 $55 and $57.5 strikes, as well. Options expiring on December 16 are quite active this morning, although not all transactions appear to be the work of bearish players. One investor sold a block of 3,881 puts at the Dec. $40 strike to pocket premium of $0.50 per contract. The trader walks away with the full amount of premium as long as shares in SINA Corp. top $40.00 at December expiration. SINA’s shares are down roughly 60.0% off their April 19, 2011, 52-week high of $147.12. Put buyers may profit if shares in the name continue to slide in the next few weeks.

BLK - BlackRock, Inc. – The investment management company’s shares took off this morning, rallying as much as 6.0% to an intraday high of $160.34. The sharp rebound erases the prior week’s pullback, although the stock continues to trade at a roughly 25% discount to its March 3, 2011, 52-week high of $209.77. One investor responsible for big prints in Jan. 2012 contract put options is prepared in the event that BlackRock’s…
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Bullish Speculator Hits the Mark with Cheniere Energy Strategy

Today’s tickers: LNG, WMB, KKD & LVS

LNG - Cheniere Energy, Inc. – How much would you be willing to pay for call options with five months to expiration to gain the right to buy a $7.74 stock for $12.00 a share? In the case of Cheniere Energy, one bullish strategist was willing to pay an average of $0.82 per contract, a total price tag of approximately $1.64 million, for some 20,000 September $12 strike calls back on April 14. Shares in LNG at that time had fallen 23.0% since the previous week to trade around $7.74 on the date the calls were purchased. The sizable bullish play on LNG last month left us to consider what the impetus behind such a trade might be, as well as what might be expected to drive shares up 55.0% in the five months to expiration. On Friday shares in the liquefied natural gas (LNG) provider surged 44.5% to $11.11 on news the company received government approval to export fuel to more countries. Cheniere’s shares rallied as much as 15.3% over Friday’s high of $11.11 to touch today’s intraday- and new 52-week high of $12.81 on news of the approval. Whether the call buyer was speculating on a post-export approval rally or not is unknown and perhaps rather unimportant at this point. The decision to buy the calls outright for an average premium of $0.82 per contract has, for the time being, proven well worth the initial cost. September $12 strike calls on Cheniere Energy cost as much as $2.85 per contract this morning, that’s roughly 3.5 times as much as the investor paid for the options back in April. The initial play saw the speculator layout $1.64 million, which today was worth as much as $5.7 million. Open interest of 21,483 calls at the September $12 strike suggests the investor is not surprised by the jump in value and as such shows no signs of closing the position just yet. At expiration, the trader profits…
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Bullish Players Sink their Teeth into Krispy Kreme Calls

Today’s tickers: KKD, JPM, NYT & AEO

KKD - Krispy Kreme Doughnuts, Inc. – Bulls are bingeing on Krispy Kreme call options today after the firm sweetened its outlook for 2011 operating income to a range of $17 million to $20 million, up from previous estimates of $13 million to $17 million. The maker of the popular Original Glazed doughnut said it earned $2.4 million in the third quarter, or $0.03 a share, after the closing bell on Wednesday. Analysts, on average, were expecting KKD to post a third-quarter loss of $0.01 a share. Shares in Krispy Kreme jumped 19.8% following earnings to hit an intraday- and new 52-week high of $7.38 today. The better-than-expected earnings report and rosier outlook for next year’s performance inspired strong demand for call options on the doughnut maker. More than 5,480 options, nearly all of them calls, changed hands on Krispy Kreme by 12:55 pm in New York, versus overall previously existing open interest of 6,271 contracts. Investors purchased more than 1,340 calls at the December $7.5 strike for an average premium of $0.22 a-pop. Call buyers make money if Krispy Kreme’s shares rally another 4.6% over today’s high of $7.38 to surpass the average breakeven point at $7.72 by December expiration. Bullish sentiment spread to the January 2011 $7.5 strike where another 1,040 call options were picked up at an average premium of $0.34 apiece. Investors holding these contracts are poised to profit should shares in KKD surge 6.3% to trade above $7.84 ahead of expiration day in January. Krispy Kreme’s overall reading of options implied volatility is lower by 9.2% to stand at 52.47% as of 1:00 pm in New York.

JPM - JPMorgan Chase & Co. – Shares of the financial services firm are on the mend, and one bullish options strategist…
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Zero Hedge

Europe's New-Generation Nuclear Plants Stagger Over The Start Line

Courtesy of ZeroHedge. View original post here.

Authored by Henry Edwardes-Evans via Platts' "The Barrel" blog,

Years late and massively over-budget, Europe’s first EPR nuclear plants in Finland and France are on the verge of “energizing”, as the sector jargon goes...

...



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Crescat Global Macro Fund update to investors on 1/19/2019

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Guest author David Brin — scientist, technology consultant, best-selling author and futurist — explores the records of Democrats and Republicans on the US economy in the following post. For David's latest posts, visit the CONTRARY BRIN blog. For his books and short stories, visit his web...



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Kimble Charting Solutions

Stock declines did not break 9-year support, says Joe Friday

Courtesy of Chris Kimble.

We often hear “Stocks take an escalator up and an elevator down!” No doubt stocks did experience a swift decline from the September highs to the Christmas eve lows. Looks like the “elevator” part of the phrase came true as 2018 was coming to an end.

The first part of the “stocks take an escalator up” seems to still be in play as well despite the swift decline of late.

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If you find long-term perspectives helpf...



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Digital Currencies

Transparency and privacy: Empowering people through blockchain

 

Transparency and privacy: Empowering people through blockchain

Blockchain technologies can empower people by allowing them more control over their user data. Shutterstock

Courtesy of Ajay Kumar Shrestha, University of Saskatchewan

Blockchain has already proven its huge influence on the financial world with its first application in the form of cryptocurrencies such as Bitcoin. It might not be long before its impact is felt everywhere.

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Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

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Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

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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. 

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Promotions

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In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

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About Phil:

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