Posts Tagged ‘PBPB’

Paper Profits On Potbelly Puts

Investors in Potbelly Corp. (Ticker: PBPB) suffered a swift kick to the gut on Thursday with shares in the name plunging 25% to $10.95 after the company’s annual profit and quarterly revenue forecast came in lower than analysts’ estimates. U.S. stocks opened sharply lower, but are well off the lows of the session with the S&P 500 Index down roughly 0.30% at 1,967 as of 2:15 p.m. ET after earlier dipping to as low as 1,951.72 near the open.
Trading in Potbelly put options on Wednesday signaled at least one trader was bracing for sizable declines in the price of the underlying shares during the next few months. The most traded contracts on PBPB yesterday were the Oct 12.5 strike puts. All told, it looks like approximately 3,000 of the 12.5 strike puts were purchased yesterday afternoon for an average premium of $0.58 each. The move in the stock price since the bearish position was initiated pushed premium on the now in-the-money put options skyward. At last check premium required to purchase the Oct 12.5 strike put is hovering around $2.05 per contract.
The most traded contracts by volume on Potbelly today look for longer-term recovery in the price of the underlying stock. Approximately 1,000 of the Jan ’15 10.0 strike calls have traded against open interest of just 30 contracts. Time and sales data indicates most of the volume was purchased at a premium of $2.25 each. Buyers of the 10.0 strike calls may profit at expiration in the event that shares in PBPB rally 11% over the current price of $11.02 to exceed the breakeven price of $12.25 by January expiration.


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Potbelly Options In Focus As Stock Soars After Earnings

PBPB – Potbelly Inc. – Better than expected third-quarter earnings reported by sandwich purveyor Potbelly on Tuesday pushed shares in the name up as much as 20% today to $32.57, the highest level since October 8th. The blowout earnings report is the first quarterly release from the sandwich chain since the company’s IPO six weeks prior.

Upside calls purchased on PBPB yesterday ahead of the company’s earnings release are generating sizable gains for some traders today. The Nov $30 strike calls were active on Tuesday, with a burst of trading traffic observed during the final 10 minutes of the session yesterday. It looks like much of the late-day activity was the work of one trader buying approximately 450 of the $30 calls, most at a premium of $0.55 each. The sharp rally in Potbelly shares today now finds the $30 strike call options changing hands at $1.25 per contract as of 11:15 a.m. EST.

Overall options volume on PBPB of around 2,900 contracts this morning is well above the stock’s average daily volume of close to 400 contracts. The bulk of the trading is in Potbelly calls, with the call/put ratio near 4.5 as of the time of this writing. 

RLD – RealD Inc. – Shares in the licenser of 3D and visual technologies to motion picture exhibitors are spiking today, up as much as 27% to touch $8.89, the highest level since August 26th, after the company reported a narrower than expected second-quarter loss.

Options changing hands on RealD this morning indicates some traders are positioning for shares in the name to extend gains during the next few months. The most traded contracts on RLD thus far in the session are the Feb ’14 $10 strike calls, with upwards of 790 lots in play against open interest of 302 contracts. Time and sales data suggests most of the volume was purchased at a premium of $0.50 each. Traders long the $10 calls stand ready to profit at expiration next year in the event that RealD shares rally another 18% over today’s high of $8.89 to exceed the breakeven price of $10.50. 


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Zero Hedge

Has E.T. Gone Home?

Courtesy of ZeroHedge. View original post here.

UFO sightings have been making headlines again lately, notably with The New York Times running an interesting article about several U.S. Navy fighter pilots encountering mysterious objects near the southeastern coast of the United States.

That high-profile story remains unexplained and so do plenty of other UFO sightings reported by members of the public every year like strange lights crossing the night sky or orange disks hovering in the distance.

However, as Sta...



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Phil's Favorites

Food waste: using sustainable innovation to cut down what we throw away

 

Food waste: using sustainable innovation to cut down what we throw away

shutterstock.

Courtesy of Mehrnaz Tajmir, University of Bath and Baris Yalabik, University of Bath

Our appetite for food is a serious problem. The huge amount of energy, land and water used to fill our supermarket shelves mean that modern overproduction and excessive consumerism are rapidly depleting resources and damaging the planet.

Yet still, more than one-third of the world’s food...



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Kimble Charting Solutions

Doc Copper Is Pushing Higher Off 18-Year Rising Support, Says Joe Friday

Courtesy of Chris Kimble.

Gold & Silver have been hot of late! Is Doc Copper about to do the same? Possible says Joe Friday.

This chart looks at Copper Futures over the past 27-years. Copper has spent the majority of that time inside of rising channel (1).

The decline over the past year has Doc Copper testing 18-year rising support and lows of the past 8-months at (2).

Joe Friday Just The Facts Ma’am- Copper is attempting to rally off of long-term support at (3). As Copper is testing the bottom of this support channel, smart money hedgers are making a bi...



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Insider Scoop

Benzinga's Top Upgrades, Downgrades For July 19, 2019

Courtesy of Benzinga.

Upgrades
  • For American International Group Inc (NYSE: AIG), William Blair upgraded the previous rating of Market Perform to the current rating Outperform. American International Gr earned $1.58 in the first quarter, compared to $1.04 in the year-ago quarter. American International Gr's market-cap stands at $48,358,299,270. At the moment, the stock has a 52-week-high of $56.49 and a 52-week-low of $36.16. American International Gr c...


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Chart School

RTT Plus Chart Book (Sneak Peak)

Courtesy of Read the Ticker.

The magic of support and resistance channel lines and how they direct price. Here are some chart disclosed to members via the RTT Plus service. All charts are a few weeks old. 


XAU bound by parallel channel lines.


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Newmont Mining support from Gann Angles.



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US Dollar index (DXY) dominate cycle ...

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Digital Currencies

Cryptos Suddenly Panic-Bid, Bitcoin Back Above $10k

Courtesy of ZeroHedge. View original post here.

Following further selling pressure overnight, someone (or more than one) has decided to buy-the-dip in cryptos this morning, sending Bitcoin (and most of the altcoins) soaring...

A sea of green...

Source: Coin360

Bitcoin surged back above $10,000...

Ethereum bounced off suppo...



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Biotech

DNA testing companies offer telomere testing - but what does it tell you about aging and disease risk?

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

 

DNA testing companies offer telomere testing – but what does it tell you about aging and disease risk?

A telomere age test kit from Telomere Diagnostics Inc. and saliva. collection kit from 23andMe. Anna Hoychuk/Shutterstock.com

Courtesy of Patricia Opresko, University of Pittsburgh and Elise Fouquerel, ...



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ValueWalk

Professor Shubha Ghosh On The Current State Of Gene Editing

 

Professor Shubha Ghosh On The Current State Of Gene Editing

Courtesy of Jacob Wolinsky, ValueWalk

ValueWalk’s Q&A session with Professor Shubha Ghosh, a professor of law and the director of the Syracuse Intellectual Property Law Institute. In this interview, Professor Ghosh discusses his background, the Human Genome Project, the current state of gene editing, 3D printing for organ operations, and gene editing regulation.

...

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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...



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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...



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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. 

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 ...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

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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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