Posts Tagged ‘TJX’

Options Traders Take To Goldman Weeklys

Today’s tickers: GS, TJX & NTGR

GS - Goldman Sachs Group Inc. – Weekly options on Goldman Sachs are active today, with fresh interest on the rise in short-dated calls and puts. Shares in GS are up 0.65% on the session to stand at $159.66 as of 12:30 p.m. ET. Weekly puts with three full trading sessions remaining to expiration attracted substantial volume in the early going. Traders appear to have purchased more than 1,900 of the Aug 23 ’13 $155 strike puts for an average premium of $0.70 apiece this morning, and may profit at expiration this week in the event that Goldman’s shares slump 3.3% from the current price of $159.66 to trade below $154.30. Options traders dabbled in far out of the money weekly puts as well, snapping up around 700 of the Aug 23 ’13 $150 puts at an average premium of $0.27 each and around 310 of the Aug 23 ’13 $145 strike puts for an average premium of $0.13 apiece. The Aug 23 ’13 $160 strike contracts are also changing hands today, with volume in the $160 call and put options exceeding 2,500 contracts and surpassing open interest levels. Overall volume in GS options is approaching 22,200 contracts as of 12:45 p.m. ET, nearing the stock’s average daily options volume of around 24,800 contracts.

TJX - TJX Companies Inc. – Front month call options in play on TJX Companies this morning suggests some traders are positioning for shares in the off-price retailer to extend gains in the near term. The stock is up 6.0% at $53.80 just after midday on Tuesday after the company reported better than expected second-quarter earnings and revenue and raised its full year earnings and sales guidance ahead of the opening bell this morning. Traders looking for the price of TJX shares…
continue reading


Tags: , ,




Traders Construct Cisco Risk Reversals

 

Today’s tickers: CSCO, TJX & INSP

CSCO - Cisco Systems, Inc. – Large risk reversals are dominating the options-landscape on Cisco Systems this morning, helping to drive volume above 540,000 contracts by midday in New York. The maker of networking equipment is the most active single-stock as measured by options volume today following the Company’s third-quarter earnings report after the close Wednesday. Shares are getting crushed, down 10.3% at $16.84 at present, after Cisco forecast lower-than-expected earnings and revenue for the fourth quarter. Risk reversals in the October expiry pay off if shares in CSCO exceed $16.00 through expiration. One large block of 51,000 Oct. $16 puts sold for a premium of $0.77 apiece against the purchase of the same number of Oct. $19 calls at a premium of $0.54 each, yields a net credit of $0.23 per contract. The strategist responsible for the trade keeps the premium if the puts expire worthless at expiration. Additional profits are available on the positions should shares in the name rally 12.8% to top $19.00 during the next five months.

TJX - TJX Companies, Inc. – A sizable put spread on high-flying off-price retail chain operator, TJX Companies, appears to be a near-term bullish bet on the stock. Shares in TJX, up 1.4% at $41.86 this afternoon, have rallied more than 60.0% since this time last year. The sale of a 10,164-lot June $35/$40 put spread results in a net credit of $0.61 per contract, which the trader keeps as long as shares in TJX exceed $40.00 through June expiration. Though a limited risk strategy, the spread could still result in substantial losses of up to $4.39 per contract in the event that TJX shares drop 16.4% to trade below $35.00 at expiration next month. Losses start to amass on the…
continue reading


Tags: , ,




Call Spread Predicts Continued Gains In Store For Gap

 

Today’s tickers: GPS, TJX & EA

GPS - Gap, Inc. – The operator of retail chains Gap, Banana Republic and Old Navy popped up on our market scanners after a large bullish spread was initiated in the May expiry. Shares in Gap are up 2.15% at $26.70 today on the heels of an upgrade to ‘Above Average’ with a target price of $32.00 at Caris & Co. Gap’s shares rallied sharply in the first quarter – currently up 44.5% since the start of 2012 – and it looks like one trader employed a sizable debit call spread to position for the up-trend to continue in the near term. The trader appears to have purchased 6,500 calls at the May $28 strike for a premium of $0.58 each, and sold the same number of calls up at the May $30 strike at a premium of $0.17 apiece. Net premium paid to initiate the spread amounts to $0.41 per contract, thus positioning the strategist to profit at expiration as long as shares in Gap rally another 6.4% to top the breakeven point at $28.41. Maximum potential profits of $1.59 per contract are available on the trade in the event that shares surge 12.4% to trade above $30.00 at May expiration. The Gap, Inc. is scheduled to report first-quarter earnings after the closing bell on May 17th.

TJX - TJX Companies, Inc. – Shares in the off-price retail chain operator kicked off the trading week in rally-mode, trading up 0.70% at the open to a new record high of $39.99, but reversed earlier gains to stand 0.20% lower on the day as of 11:20 a.m. in New York. The most active options on TJX Companies suggest at least one strategist is positioning for fresh all-time highs in the price of the…
continue reading


Tags: , ,




Thrilling Thursday – Can We Make Another Billion Today?

Wheeeee!  

$1,129,860,000!  That’s how much money was made shorting 376,620 NYMEX contracts at $103 yesterday, as we planned!  Congratulations to those of you who got your share playing along with us and, to the manipulators who got stuck with the bill – screw you bastards, we have your number and we’re going to ring it now!  I called a cash-out at the $100 line in Member Chat as 2.9% was more of a drop than we expected in one day and we will re-load on the bounce as we cross back below the $100.50 line – as discussed in this morning’s Member Chat - assuming the Dollar has bottomed out at 74.35.

This isn’t complicated people – what’s the 2.5% line off of $103?  $100.425.  That’s where we’ll look for oil to consolidate but below that line we’ll be comfortable with our shorts again, looking for those next legs down to $98.88 (down 4%) and then $97.85, where we will once again look for a 20% retrace to $98.88 and then a nice short there when it fails.  So come on – you can play along at home – don’t miss out on making the next $1.129Bn!  

Meanwhile, what’s a 20% bounce off a $3 drop? 60 cents, right?  Where did oil bounce to in the futures?  $100.60?  This is not rocket science folks…  We teach these little tips to our Members every day at Philstockworld.  Sure you may find it disturbing that the chart we drew up (above) in early April is hit almost to the penny on the NYSE yesterday (2 months later) as it halted right on our red line – but that just shows us that Bots are running this market (as we keep telling you) and it also means that we can rely on our ranges and that makes it EASY to make good trading decisions.  

Also in Member Chat last night, I reviewed 8 short put ideas (bullish) that can net us over $3,000 in 15 days if we get a bounce and hold our "Must Hold" levels.  This is the nice thing about hedging – we make money on the way up OR on the way down and, when we are trading in a range – like we hopefully will this summer – then we make money both ways on a regular basis!  Let the market manipulators play their…
continue reading


Tags: , , , , , , , , , , , , , , , , , , , , , , , , ,




Bulls Position for Near-Term Rally in TJX Companies

 Today’s tickers: TJX, TIVO, BP, CSC, ANF, GT & OCR

TJX - TJX Companies, Inc. – Near-term bullish options traders are betting on a rebound in shares of the operator of the largest off-price retail chains, T.J. Maxx and Marshalls, by picking up call options in the January contract this afternoon. Shares in TJX Companies fell 1.30% in the final hour of the session to $43.01, recovering off an earlier intraday low of $42.55. TJX shares are down 4.0% since December 30, and have lost a total of 8.9% since November 5, 2010, when shares touched a 6-month high of $47.21. Investors positioning for a rally in TJX Companies are perhaps hopeful shares will rebound following the release of December same-store sales data. Optimistic traders scooped up more than 2,600 calls at the January $44 strike for an average premium of $0.49 apiece. Call buyers at this strike stand ready to accrue profits should shares rise 3.4% to exceed the average breakeven price of $44.49 ahead of January expiration. Bullish sentiment spread to the higher January $45 strike where nearly 1,000 call options were purchased at an average premium of $0.24 a-pop. Higher-strike call buyers make money if TJX shares rally 5.2% to trade above the average breakeven point at $45.24 before the contracts expire in a couple of weeks.

TIVO - TiVo, Inc. – Massive prints in deep out-of-the-money call options on TiVo today appear to be the work of outright bullish players speculating that shares in the television technology firm could more than double by May expiration. Shares in TiVo are up sharply by 8.07% this afternoon to stand at $9.78 as of 2:40pm in New York. TiVo, Inc. is participating in the Citi 21st Annual Global Entertainment, Media and Telecommunications Conference today. Investors hoping to see TiVo’s shares rebound to prices not seen since April of 2010 purchased debit call spreads during the first half of the trading session. Approximately 20,000 calls were picked up at the May $17.5 strike for an average…
continue reading


Tags: , , , , , ,




Thrill-Ride Thursday – Retail Sales and Maybe Some Jobs?

Beware the data!

The first thing you will hear this morning is that COST had a 9% rise in sales, with International sales up a whopping 25%.  What you are less likely to hear is that COST sells a lot of gasoline, which has doubled in price since last December and, excluding inflation in gas prices, same-store sales are up just 2%, a tremendous miss of the 7.9% expected.  Out of the 25% increase in International sales, 15% is attributable to currency exchange so up 10% is the real number

This is nothing against Costco, I like that company, but it's a caution sign to look carefully at the retail numbers we're going to be seeing today as there are several outside factors that are skewing the results drastically – to the point where the numbers, whether good or bad, are almost meaningless.  It's also good to keep in mind that we are comping sales to the WORST CHRISTMAS EVER so anything less than double digit gains over last year is still pretty sad. 

Mish did a good job yesterday of pointing out the statistical nonsense known as the Non-Farm Payroll Report, where "Birth/Death" model revisions that were as much as 356,000 a month last year (January) make the data beyond useless for any kind of serious analysis.  Nonetheless, analyze it they will and if we manage to avoid posting our 24th CONSECUTIVE month of losses, surely they will be pouring champagne on CNBC and acting like Capitalism has once again triumphed over evil (evil being people without money who still want to live with dignity). 

 

Speaking of dignity – if you know 100 people in Nevada then, statistically, 3 of them went bankrupt this year, up 61% from last year as our economy "recovers".  In Tennessee, Georgia and Alabama, just 2 of your 100 friends filed while California, surprisingly "only" had one in 66 households file for bankruptcy so you can go almost a whole day and not run into someone who lost everything in California – too bad the same can't be said for the State overall!  California needs $21Bn over the next 18 months to keep the lights on.  This doesn't seem so bad, GMAC is losing $13Bn this quarter and we're bailing
continue reading


Tags: , , , , , , , , , , , , , , , , , , , , , , , , , , ,




 
 
 

Phil's Favorites

Bloomberg Has Built a Star Wars Machine to Try to Steal the Democratic Nomination

Courtesy of Pam Martens

Michael Bloomberg

Billionaire Michael Bloomberg is used to getting his way. After serving two terms as New York City’s Mayor as a Republican, he used his own vast stash of cash to repeal term limits and give himself another four-year term, running as an Independent. Now he has promised to do the unprecedented: spend $1 billion of his own money to install himself as President of the United States, running on the Democratic ticket.

Bloomberg’s campaign increasingly resembles an octopus with money gushing out of its tentacles into anything and everything that will inject Mic...



more from Ilene

Zero Hedge

China Stocks Surge, S&P Futs Hit All Time High On Latest Chinese Monetary Stimulus

Courtesy of ZeroHedge View original post here.

European stocks rose on Monday, Chinese shares surged, recovering all their post-coronavirus losses and S&P and Nasdaq futures jumped to new all time highs as investors took encouragement from the Asian country’s monetary (if not fiscal) pledges to support the world’s second-biggest economy in the face of the coronavirus outbreak. The yen and gold both slipped.

...



more from Tyler

Insider Scoop

AMX Buys Fellow Alabama Company Powell, Adds Reefer Capacity

Courtesy of Benzinga

Alabama Motor Express will push deeper into the refrigerated business with purchase of Powell Transport Solutions.

The acquisition, announced earlier this week, will bring 35 refrigerated trailers to AMX, the company said in a statement. A spokeswoman for AMX, in response to questions submitted by FreightWaves, said the company's business is currently about 10% refrigerated. The AMX fleet before the acquisition was 210 trailers, she said.

Powell's business is 100% refrigerated, according to the...



http://www.insidercow.com/ more from Insider

Biotech & Health

Coronavirus: the blow to the Chinese economy could be felt for years

 

Coronavirus: the blow to the Chinese economy could be felt for years

Courtesy of Chusu He, Coventry University

Investors are still being fairly complacent about the novel coronavirus. After the number of new daily cases suddenly shot up to more than 15,000 on February 12 following more than a week of decline, there were some jitters in the markets. With Chinese authorities saying the increase was due to a decision to broaden the definition for diagnosing people, there were falls in the region of 1% in European markets, and smaller retrenchments in Asia and North America.

It is...



more from Biotech

Members' Corner

How to Stop Bill Barr

 

How to Stop Bill Barr

We must remove this cancer on our democracy.

Courtesy of Greg Olear, at PREVAIL, author of Dirty Rubles: An Introduction to Trump/Russia

...



more from Our Members

The Technical Traders

Is The Technology Sector Setting Up For A Crash? Part I

Courtesy of Technical Traders

One thing that continues to amaze our research team is the total scale and scope of the Capital Shift which is taking place across the globe.  For almost 5+ years, foreign investors have been piling into the US stock market chasing the stronger US dollar and continued advancement of US share prices. It is almost like there is no other place on the planet that will allow investors to pool capital into such a variety of strong assets while protecting against foreign capital risks.  Yet the one big question remains – when will a price reversion event hit the US stock
market?

So many researchers, even our team of researchers, believe we have found the keys to unloc...



more from Tech. Traders

Kimble Charting Solutions

Joe Friday Says Germany (DAX) Could Rally 30%, Happy Valentines Day For The Bulls!

Courtesy of Chris Kimble

German DAX Index “weekly” Chart

The German DAX is one of the more important global stock market indices, as it represents the largest economy / market in the Euro Zone.

So it would be a real treat for the bulls to see this stock market index breakout as we celebrate Valentine’s Day.

The facts, Ma’am. Just the facts; The German DAX looks to have formed a bullish ascending triangle over the past 3 years and it is currently attempting to breakout above the top at (1)....



more from Kimble C.S.

ValueWalk

Russell 2000 Index (RUT) hits an almost one-month high

By Gorilla Trades. Originally published at ValueWalk.

Ad the Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, commenting on today’s trading Gorilla Trades strategist Ken Berman said:

Q4 2019 hedge fund letters, conferences and more

Russell 2000 Index (INDEXRUSSELL: RUT) Outperforms Large-Cap Benchmarks

While the overnight session was nothing short of scary stocks held on to most of yesterday's gains and small-caps even extended their winning streak. The Russell 2000 Index (INDEXRUSSELL: RUT) hit an almost one-month high today, finishing higher for the fourth day in a row while outperforming the large-cap benchmarks, and since the Volatility...



more from ValueWalk

Chart School

Dow theory warning from the Utilities Index

Courtesy of Read the Ticker

Charles Dow died in 1902, and the investors should thank him for his ever lasting Dow Theory Analysis.

Carrying on this blog theme looking at the Utility stocks. Previous post.
Dow Jones Utility index could trade like the FANGs
Formula for when the Great Stock Market Rally ends



You can learn about Dow Theory here

This post is concerned wi...

more from Chart School

Digital Currencies

Bitcoin Price May Hit $27K All-Time High By Summer, Predicts Fundstrat's Tom Lee

Courtesy of ZeroHedge View original post here.

Authored by William Suberg via CoinTelegraph.com,

Bitcoin is primed for average gains of almost 200% over the next six months, one of its best-known supporters has told mainstream media. 

...



more from Bitcoin

Lee's Free Thinking

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

 

Why Blaming the Repo Market is Like Blaming the Australian Bush Fires

Courtesy of  

The repo market problem isn’t the problem. It’s a sideshow, a diversion, and a joke. It’s a symptom of the problem.

Today, I got a note from Liquidity Trader subscriber David, a professional investor, and it got me to thinking. Here’s what David wrote:

Lee,

The ‘experts’ I hear from keep saying that once 300B more in reserves have ...



more from Lee

Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

more from M.T.M.

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.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

more from Promotions





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...

Learn more About Phil >>


As Seen On:




About Ilene:

Ilene is editor and affiliate program coordinator for PSW. Contact Ilene to learn about our affiliate and content sharing programs.