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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Phil's Favorites

Pursuing Tesla's electric cars won't rev up VW's share price

 

Pursuing Tesla's electric cars won't rev up VW's share price

The 2015 diesel scandal resulted in a 40% drop in the company’s share price at the time. A. Aleksandravicius/Shutterstock

Courtesy of Hamza Mudassir, Cambridge Judge Business School

Volkswagen’s chairman, Herbert Deiss, has been struggling to bring the company’s stock price back to its previous heights since he took over the reins of the German car maker six years ago. The business has been emb...



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Biotech/COVID-19

What you need to know about the new COVID-19 variants

 

What you need to know about the new COVID-19 variants

B117, the SARS CoV-2 variant that was first detected in the U.K., has been found to be 30%-80% more transmissible. Juan Gaertner/Science Photo Library via Getty Images

Courtesy of David Kennedy, Penn State

Editor’s note: Two new strains of the coronavirus that causes COVID-19 called B.1.1.7 and B.1.351 have been found in the U.K. and South Africa and are thought to be more transmissible. In ...



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Zero Hedge

Trump's China Trade War Cost Up To 245,000 American Jobs: Study

By Dave DeCamp via AntiWar.com

(as published at ZeroHedge)

A new study estimates that President Trump’s trade war with China caused the loss of up to 245,000 American jobs.

The study from the US-China Business Council (USCBC) and Oxford Economics said a moderate reduction of tariffs on both sides could lead to an additional 145,000 US jobs and an increase in $160 billion GDP by 2025.

...



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ValueWalk

US Consumer Confidence Increases At Start Of 2021

By Refinitiv. Originally published at ValueWalk.

WASHINGTON, DC ‐ According to the Refinitiv/Ipsos Primary Consumer Sentiment Index, American consumer confidence for January 2021 is at 50.9, up 2.8 points from last month. The index fielded from December 25, 2020, to January 8, 2021.

Q3 2020 hedge fund letters, conferences and more

American Consumer Confidence Is Back Up In 2021

After a sharp 4‐point decline in December, American consumer confidence has returned to levels seen in September 2020 (50.6). The Current, Expectations, Investment, and Jobs sub‐indices all experienced ...



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Kimble Charting Solutions

Treasury Bond Yields At Make-Or-Break Decision Point Says Joe Friday

Courtesy of Chris Kimble

Treasury bond yields (and interest rates) have been falling for so long now that investors have taken it for granted.

But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about inflation and the broader economy (and prospects for recovery).

Today we ask Joe Friday to deliver us the facts! Below is a long-term “monthly” chart of the 30 Year US Treasury Bond Yield.

Counter-Trend Rally In Yields Facing Strong Resistance!

As you can see, treasury bond yields have spent much of the past 25 years trading in a falling channel… but the coronavirus crash sent yields...



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Mapping The Market

The Countries With The Most COVID-19 Cases

 

The Countries With The Most COVID-19 Cases

By Martin Armstrong, Statista, Jan 12, 2021

This regularly updated infographic keeps track of the countries with the most confirmed Covid-19 cases. The United States is still at the top of the list, with a total now exceeding the 22 million mark, according to Johns Hopkins University figures. The total global figure is now over 85 million, while there have been more than 1.9 million deaths.

You will find more infographics at ...



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Politics

The Confederate battle flag, which rioters flew inside the US Capitol, has long been a symbol of white insurrection

 

The Confederate battle flag, which rioters flew inside the US Capitol, has long been a symbol of white insurrection

A historic first: the Confederate battle flag inside the U.S. Capitol. Saul Loeb/AFP via Getty Images

Courtesy of Jordan Brasher, Columbus State University

Confederate soldiers never reached the Capitol during the Civil War. But the Confederate battle flag was flown by rioters in the U.S. Capitol building for the first time ever on Jan. 6.

The flag’s prominence in the Capitol riot comes a...



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Chart School

Best Wyckoff Accumulation for 2020

Courtesy of Read the Ticker

Yes folks there has to be a winner. Price and volume in the right place. Very nice eye candy!


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Ethereum was posted on RTT Wyckoff Campaign blog for monitory and trade entry. To watch the RTT Wyckoff Campaign blog is part of the RTT Plus service. After all you only need one to two great accumulations in a year and returns will be fantastic.






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Digital Currencies

Bitcoin: why the price has exploded - and where it goes from here

 

Bitcoin: why the price has exploded – and where it goes from here

B is for blast-off (but also bubble). 3DJustincase

Courtesy of Andrew Urquhart, University of Reading

Bitcoin achieved a remarkable rise in 2020 in spite of many things that would normally make investors wary, including US-China tensions, Brexit and, of course, an international pandemic. From a year-low on the daily charts of US$4,748 (£3,490) in the middle of March as pandemic fears took hold, bitcoin rose to ju...



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The Technical Traders

Adaptive Fibonacci Price Modeling System Suggests Market Peak May Be Near

Courtesy of Technical Traders

Our Adaptive Fibonacci Price Modeling system is suggesting a moderate price peak may be already setting up in the NASDAQ while the Dow Jones, S&P500, and Transportation Index continue to rally beyond the projected Fibonacci Price Expansion Levels.  This indicates that capital may be shifting away from the already lofty Technology sector and into Basic Materials, Financials, Energy, Consumer Staples, Utilities, as well as other sectors.

This type of a structural market shift indicates a move away from speculation and towards Blue Chip returns. It suggests traders and investors are expecting the US consumer to come back strong (or at least hold up the market at...



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Lee's Free Thinking

Texas, Florida, Arizona, Georgia - The Branch COVIDIANS Are Still Burning Down the House

 

Texas, Florida, Arizona, Georgia – The Branch COVIDIANS Are Still Burning Down the House

Courtesy of Lee Adler, WallStreetExaminer 

The numbers of new cases in some of the hardest hit COVID19 states have started to plateau, or even decline, over the past few days. A few pundits have noted it and concluded that it was a hopeful sign. 

Is it real or is something else going on? Like a restriction in the numbers of tests, or simply the inability to test enough, or are some people simply giving up on getting tested? Because as we all know from our dear leader, the less testing, the less...



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Insider Scoop

Economic Data Scheduled For Friday

Courtesy of Benzinga

  • Data on nonfarm payrolls and unemployment rate for March will be released at 8:30 a.m. ET.
  • US Services Purchasing Managers' Index for March is scheduled for release at 9:45 a.m. ET.
  • The ISM's non-manufacturing index for March will be released at 10:00 a.m. ET.
  • The Baker Hughes North American rig count report for the latest week is scheduled for release at 1:00 p.m. ET.
...

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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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