Posts Tagged ‘TUMI’

Traders Look To Tumi Puts As Shares Edge Higher

 

Today’s tickers: TUMI, TWC & NRF

TUMI - Tumi Holdings, Inc. – Shares in luggage and travel accessories maker, Tumi Holdings Inc., are moving higher for a third consecutive session, up 1.6% today at $20.77 as of 12:10 p.m. ET. The stock continues to rebound following a sharp pullback last week during the first trading session of 2013. Options activity on Tumi this morning suggests some traders are wary the stock could reverse gains in the near term. The most active options on the stock today are the Jan. $20 strike puts, with upwards of 1,200 lots changing hands versus open interest of just nine contracts. It looks like most of the puts were purchased for an average premium of $0.70 apiece, thus positioning buyers to profit in the event that Tumi’s shares slide 7% from the current level to breach the average breakeven price of $19.30 by January expiration. Shares in the luxury luggage company last traded below $19.30 back in August 2012. Tumi Holdings, Inc. is scheduled to present at the 15th Annual ICR XChange Conference in Miami next Wednesday.

TWC - Time Warner Cable, Inc. – The provider of video, high-speed data and phone services popped up on our market scanners this morning due to heavy volume in the February expiry put options. Shares in Time Warner Cable kicked off the week in positive territory, but have since reversed gains to trade down 0.60% on the day at $97.17 as of 12:25 p.m. in New York. One options trader appears to be placing a floor on the cable operator’s shares, selling 6,250 puts at the Feb. $90 strike for a premium of $0.60 apiece. The strategy makes maximum profits of $0.60 per contract as long as shares in TWC settle above $90.00 and the puts land out-of-the-money at February expiration. The put seller could wind up having 625,000 shares of the underlying put to him at expiration if shares in the name decline 7.4% to $90.00 during the next five weeks. Time Warner reports fourth-quarter earnings ahead of the opening bell on the…
continue reading


Tags: , ,




Recovery Play Initiated In Leap Wireless LEAPs As Shares Extend Losses

 

Today’s tickers: LEAP, TUMI & FOSL

LEAP - Leap Wireless International, Inc. – The wireless carrier’s shares have been hard-hit in recent months, down more than 50% off the 2012 high of $11.29 as of the close of trading on Monday. The stock plunged another 22% this morning to touch down at a new 52-week low of $4.28 after the company reported a wider-than-expected second-quarter loss and revealed net subscriber losses of around 289,000 customers. Options on Leap Wireless International are more active than usual today, and it looks like one strategist is positioning to benefit from a recovery in the shares over the long term. Speculation the company may be a takeover target for one of the larger carriers has sparked sharp rallies in Leap’s shares in the past; perhaps the bull call spread initiated in the January 2014 expiry this morning is preparing to benefit from a potential repeat performance in the future. Regardless of the impetus for the position, the parameters appear to be as follows. The trader purchased a roughly 2,500-lot Jan. 2014 $5.0/$10 call spread at an average net premium of $1.10 per contract. Profits are available on the trade in the event LEAP shares surge 40% to top the average breakeven price of $6.10 at expiration. The maximum payoff on the position amounts to $3.90 per contract should the stock more than double to settle above $10.00 by expiration in January 2014.

TUMI - Tumi Holdings, Inc. – Shares in the provider of premium travel products and luggage jumped more than 22% today to $22.74 after the company posted better-than-expected earnings and sales for the second quarter. Pre-earnings bullish bets, including a block of 2,692 Aug. $20 call options purchased for a premium of $0.65 each yesterday morning, have roughly tripled in value overnight given the current premium on the $20 calls of $2.35 as of midday in New York. The stock still trades at a 14% discount to…
continue reading


Tags: , ,




Caesars, Tumi Options Active Ahead Of Earnings After The Close

 

Today’s tickers: CZR, TUMI & SYY

CZR - Caesars Entertainment Corp. – The casino entertainment company and owner of the World Series of Poker® attracted heavier than usual options activity ahead of its second-quarter earnings report after the closing bell today. Shares in Caesars Entertainment Corp. are up 0.25% on the day at $8.34, but have fallen 45% from the stock’s February 7th closing high of $15.40, the same date of the company’s IPO. The purchase of 2,400 Aug. $7.5 strike put options in the first 15 minutes of the trading week suggests one trader is preparing for the price of the underlying to extend losses after earnings. The bearish position cost $0.35 per contract and makes money if shares in Caesars drop 14% from the current price to trade below a breakeven point and record low of $7.15 by August expiration.

TUMI - Tumi Holdings, Inc. – The retailer of high-end luggage, briefcases and bags is enjoying a 1.4% upside move in the price of its shares today to $18.20 ahead of its second-quarter earnings report after the final bell. Call buying initiated on the stock this morning suggests one or more options players are positioning for the price of the underlying to extend gains in the near term. Perhaps anticipating a pop in the shares after Tumi announces its quarterly results for the second time as a public company, traders exchanged more than 3,200 calls at the Aug. $20 strike against previously existing open interest of 136 contracts. It looks like most of the calls were purchased for an average premium of $0.63 apiece, thus positioning buyers to profit at expiration in the event TUMI shares surge 13% to top the average breakeven price of $20.63. Some luxury retail names, such as handbag maker, Coach, Inc., were slammed after recent top line misses. Shares in Coach fell more than 18% on July 31st after fourth-quarter revenue failed to meet analyst expectations. Tumi’s shares…
continue reading


Tags: , ,




 
 
 

Phil's Favorites

The Investigation: A Search For the Truth in Ten Acts.

Tune in to a star-studded live stream event ripped straight from the pages of the Mueller Report called The Investigation: A Search for the Truth in Ten Acts.

...

more from Ilene

Zero Hedge

2 Year Auction Unexpectedly Strong Just As Powell Pours Cold Water On Treasuries

Courtesy of ZeroHedge. View original post here.

In the chaos over Powell's unexpectedly less dovish comments which hit the tape at exactly 1pm, when sent stocks lower, and the dollar and bond yields sharply higher, the primary market had no time to react as it had already submitted its indications for today's $40 billion 2 Year auction when Powell suddenly pulled the rug from under the bond market, sending 2Y yields higher and yet since there was solid demand for the auction before Powell's commentary, the sale of 2Y bonds was a smashing success, stopping at a high yield of 1.695%, 1bp inside the 1....



more from Tyler

ValueWalk

Beyond Meat vs Impossible Burger: Comparing The Vegan Meat Burgers

 

Beyond Meat vs Impossible Burger: Comparing The Vegan Meat Burgers

Courtesy of Vikas Shukla, ValueWalk

Pexels / Pixabay

The trend of vegan food has been gathering momentum in the last few years as people become more health conscious. They have also begun to realize the environmental impact of raising meat for human consumption. According to PETA, it takes an estimated 1...



more from ValueWalk

Kimble Charting Solutions

Wilshire 5000 Creating A Triple Top? An Important Breakout Test Is In Play!

Courtesy of Chris Kimble.

The stock market has been on fire of late, rallying up to the edge of price resistance on several indexes. Today, we look at one of those stock market indexes: the Wilshire 5000.

The Wilshire 5000 tracks all of the stocks in the US market, so it is a broad-based index that carries significant importance when gauging the health of the overall US stock market.

Looking at the long-term “weekly” chart above, it is pretty clear that the index is at an important price juncture.

The Wilshire 5000 spent the last 25 years trading within a rising price channel (1)...



more from Kimble C.S.

Insider Scoop

Jefferies Upgrades Deere, Cites 'Significantly Improved Farmer Income Outlook'

Courtesy of Benzinga.

Farmer buying power will remain pressured for 2019, but this will change for the better next year and will help support Deere & Company (NYSE: DE), according to Jefferies.

The Analyst

Jefferies' Stephen Volkmann upgraded Deere from Hold to Buy with a price target lifted from $150 to $190....



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

Chart School

Formula for when the Great Stock Market Rally ends

Courtesy of Read the Ticker.

When valuations for the boring water company or the boring electric company is trading like your Facebook, Apple, Amazon or Netflix or Google (ie FANG) you know something is wrong.

This is when a seriously over valued market is screaming at you.

Of course the reader must understand in a world where money printing goes super nuts (Zimbabwe style) the stock market may go hyper inflationary and picking a time frame for a top is never a good idea, but we are not there yet. There is no Ben Bernanke helicopter money to the masses yet (ie MMT). 

To see when water company's (and such like) are nearing the crazy FANG like valuations a review of the Dow Jones Utility Index channel shows us how history can repeat. The c...

more from Chart School

Digital Currencies

Cryptocurrencies are finally going mainstream - the battle is on to bring them under global control

 

Cryptocurrencies are finally going mainstream – the battle is on to bring them under global control

The high seas are getting lower. dianemeise

Courtesy of Iwa Salami, University of East London

The 21st-century revolutionaries who have dominated cryptocurrencies are having to move over. Mainstream financial institutions are adopting these assets and the blockchain technology that enables them, in what ...



more from Bitcoin

Biotech

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

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

 

Consumer genetic testing customers stretch their DNA data further with third-party interpretation websites

If you’ve got the raw data, why not mine it for more info? Sergey Nivens/Shutterstock.com

Courtesy of Sarah Catherine Nelson, University of Washington

Back in 2016, Helen (a pseudonym) took three different direct-to-consumer (DTC) genetic tests: AncestryDNA, 23andMe and FamilyTreeDNA. She saw genetic testing as a way...



more from Biotech

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...



more from Our Members

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...



more from M.T.M.

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 ...



more from OpTrader

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. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>