Posts Tagged ‘SA’

Options Activity Pops As Express Shares Tumble

 

Today’s tickers: EXPR, DV & SA

EXPR - Express, Inc. – Shares in apparel retailer, Express, Inc., dropped nearly 30.0% today to a new 52-week low of $16.38 after the company projected full-year earnings below those expected by analysts. Options on EXPR are far more active than usual today, with overall volume on the stock currently at 4,460 lots, up nearly 2,000% over the stock’s 90-day average volume of 227 contracts. The June $17.5 strike call saw most of the action as traders exchanged some 2,365 of the contracts versus zero open positions in the first half of the session. A slight majority of the calls were purchased for an average premium of $0.78 apiece, suggesting some traders are positioning for shares in the name to rebound somewhat in the near term. Call buyers stand ready to profit at expiration next month in the event that EXPR shares rally 5.7% over the current price of $17.30 to top the average breakeven point at $18.28. On the flip side, June $17.5 strike put buyers anticipate shares in the name could go lower from here. Around 340 of the $17.5 puts were purchased this morning for an average premium of $0.88 each. Finally, some traders that initiated bearish strategies on Express prior to the earnings report saw the value of their positions appreciate big-time today. Buyers of around 720 of the June $22.5 strike put last Thursday paid an average premium of $1.18 per contract. Today those put options are trading at more than four times the average purchase price given the last-traded price of $5.20 each as of 12:45 p.m. ET.

DV - DeVry, Inc. – The for-profit education provider’s shares could hit their lowest price in more than five years in the next few weeks by the looks of bearish options trades initiated on the stock this morning. Shares in DeVry, Inc., which have dropped nearly 60.0% since last summer, are down 2.2% on the…
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Bulls and Bears Appear at Patriot Coal Corp. Ahead of Earnings

 Today’s tickers: PCX, RSH, SA & EK

PCX - Patriot Coal Corp. – Options traders are placing bullish and bearish bets on the coal company today with roughly one week remaining before the firm reports fourth-quarter earnings ahead of the opening bell next Tuesday. Shares in Patriot Coal are up 3.8% at $24.05 as of 12:10pm in New York. One bullish player hoping to see PCX shares gravitate toward the January 14, 2011, 52-week high of $27.35, initiated a near-term call spread. The investor picked up approximately 4,700 now in-the-money calls at the February $24 strike for an average premium of $1.58 each, and sold about the same number of calls at the higher February $27 strike at an average premium of $0.67 apiece. Net premium paid to establish the bullish spread amounts to $0.91 per contract. Thus, the trader starts to make money if Patriot’s shares rally another 3.6% over the current price of $24.05 to surpass the average breakeven price of $24.91 by February expiration. Maximum potential profits of $2.09 per contract are available to the investor should shares in PCX jump 12.3% to trade above $27.00 by expiration day next month. Out-of-the-money put options in the front month were also popular with Patriot players in the first half of the session. One options strategist with a more pessimistic view enacted a ratio put spread on the stock ahead of the earnings report. The trader purchased around 1,100 puts at the February $22 strike at an average premium of $1.21 each, and sold 2,200 puts at the lower February $20 strike for an average premium of $0.56 a-pop. The net cost of the ratio spread amounts to just $0.09 per contract. The investor responsible for the spread profits if PCX shares decline 8.9% to slip beneath the average breakeven price of $21.91, and may make up to $1.91 per contract should shares plunge 16.8% to settle at $20.00 at expiration day. The sale of twice as many lower-strike puts exposes the put player to losses in the event that Patriot Coal’s shares drop 24.8% to trade below the lower breakeven price of $18.09 before the contracts expire in February.…
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Phil's Favorites

Momentum Monday - Lot's Of Cash On The Sidelines

 

Momentum Monday – Lot’s Of Cash On The Sidelines

Courtesy of Howard Lindzon

It sure does not feel like the S&P is up 18 percent this year, but it is.

Lot’s of different sectors have worked this year but IPO’s and growth are not two of them.

Ivanhoff and I did our weekly tour of the markets and you watch/listen right here. I have embedded the show below:

Ivanhoff’s notes for the week are below:

Vaccine stocks (MRNA and BNTX) are still lingering near all-time highs. Masks (HON, APT, LAKE) and ...



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Zero Hedge

Moderna, Pfizer Hike Vaccine Prices By Up To 25%

Courtesy of ZeroHedge View original post here.

Pfizer and Moderna have both made clear that they see their COVID vaccination businesses as long-term profit drivers, not the public service that enabled them to receive billions of dollars in public money to effectively subsidize their development. And now that jabs from China and Russia are facing newfound skepticism across Europe and the emerging world, Big Pharma is showing its true colors, and demanding a massive premium from all buyers of its jabs as Pfizer rolls out its first 'booster jabs'.

It's interesting that they're raising prices, considering that ...



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Chart School

Bitcoin Gann review, what happened at $65000, what is next?

Courtesy of Read the Ticker

Bitcoin stopped at $65,000 and sunk 50%, that was not expected, confused.

It's funny how Gann Angles can be the rail road for price action. 





Chart in video.








Changes in the world is the source of all market moves, to catch and ride the change we believe a combination of Gann Angles, ...

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Biotech/COVID-19

Big tech has a vaccine misinformation problem - here's what a social media expert recommends

 

Big tech has a vaccine misinformation problem – here’s what a social media expert recommends

Misinformation on social media is hindering efforts to vaccinate people against the coronavirus. Sheldon Cooper/SOPA Images/LightRocket via Getty Images

Courtesy of Anjana Susarla, Michigan State University

With less than half the United States population fully vaccinated for COVID-19 and as the delta variant sweeps the nation, the U.S. surgeon general issued an advisory that called misinformation ...



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Digital Currencies

What are stablecoins? A blockchain expert explains

 

What are stablecoins? A blockchain expert explains

Stablecoins promise more stability than other cryptocurrencies. DenBoma/iStock via Getty Images

Courtesy of Stephen McKeon, University of Oregon

Stablecoins are a type of cryptocurrency linked to an asset like the U.S. dollar that doesn’t change much in value.

The majority of the dozens of stablecoins that currently exist use the dollar as their benchm...



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Politics

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

 

Bipartisan infrastructure deal begins to address consequences of a warming planet: 3 essential reads

A lot of coastal infrastructure wasn’t designed for the frequent flooding and crashing waves brought by rising seas. Jeffrey Greenberg/Universal Images Group via Getty Images

Courtesy of Bryan Keogh, The Conversation and Stacy Morford, The Conversation

...



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Promotions

Free Webinar Wednesday: July 7, 1:00 pm EST

 

Don't miss Phil's Webinar on July 7 at 1:00 pm EST. It's FREE and open to all who wish to join.

Click here: 

https://attendee.gotowebinar.com/register/6552545459443187211

Join us to learn Phil's trading tactics and strategies in real-time!

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Kimble Charting Solutions

Crude Oil Cleared For Blast Off On This Dual Breakout?

Courtesy of Chris Kimble

Is Crude Oil about to blast off and hit much higher prices? It might be worth being aware of what could be taking place this month in this important commodity!

Crude Oil has created lower highs over the past 13-years, since peaking back in 2008, along line (1).

It created a “Double Top at (2), then it proceeded to decline more than 60% in four months.

The countertrend rally in Crude Oil has it attempting to break above its 13-year falling resistance as well as its double top at (3).

A successful breakout at (3) would suggest Crude Oil is about to mo...



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ValueWalk

Managing Investments As A Charity Or Nonprofit

By Anna Peel. Originally published at ValueWalk.

Maintaining financial viability is a constant challenge for charities and nonprofit organizations.

Q4 2020 hedge fund letters, conferences and more

The past year has underscored that challenge. The pandemic has not just affected investment returns – it’s also had serious implications for charitable activities and the ability to fundraise. For some organizations, it’s even raised doubts about whether they can continue to operate.

Finding ways to generate long-term, sustainable returns for ...



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Mapping The Market

Suez Canal: Critical Waterway Comes to a Halt

 

Suez Canal: Critical Waterway Comes to a Halt

Courtesy of Marcus Lu, Visual Capitalist

The Suez Canal: A Critical Waterway Comes to a Halt

On March 23, 2021, a massive ship named Ever Given became lodged in the Suez Canal, completely blocking traffic in both directions. According to the Suez Canal Authority, the 1,312 foot long (400 m) container ship ran aground during a sandstorm that caused low visibility, impacting the ship’s navigation. The vessel is owned by Taiwanese shipping firm, Evergreen Marine.

With over 2...



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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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