Posts Tagged ‘TWI’

Louisiana Pacific Put Options Active

LPX – Louisiana Pacific Corporation – Shares in the manufacturer of engineered wood building materials are sprinting higher on Thursday, rallying nearly 15% during morning trading to an intraday high of $17.47, after Louisiana Pacific yesterday announced it will acquire Ainsworth Lumber Co. for C$3.76 per Ainsworth common share in a deal valued at approximately USD $1.1 billion, according to a press release issued by the company. LPX was raised to ‘Buy’ from ‘Neutral’ at DA Davidson with a 12-month target price of $20.00 a share today. Trading in November expiry put options this morning suggests one trader may be unraveling a sizable long position in the contracts. Roughly 10,000 of the Nov $16 puts appear to have been sold this morning at an average premium of $0.81 each against open interest of 10,342 contracts. Time and sales data indicates most of the open contracts were purchased at a volume-weighted average price of $1.65 between August 13th and August 21st. The sale of the puts this morning could represent the unraveling of the long put position following the sharp move in the price of the underlying today. 

TWI – Titan International, Inc. – Put options purchased on the maker of wheels and tires for off-the-road equipment used in the agriculture, construction, forestry and mining industries this morning look for shares in Titan International to slump to fresh 52-week lows during the next six weeks. Shares today are in positive territory at present, up 0.20% at $16.05 as of 11:55 a.m. ET, though the stock is down more than 20% since this time last year. One trader stepped in to buy 1,000 of the Oct $15 puts during the first 15 minutes of the session, paying a premium of $0.55 for most of the contracts. The put options may be profitable at expiration next month in the event that shares in Titan International decline 10% from the current price to trade below the breakeven point at $14.45. The stock last traded below $14.45 in October of 2011.  


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Bullish Predictions Payoff For Skechers Call Buyers

Today’s tickers: SKX, RCL, OSK & TWI

SKX - Skechers USA, Inc. – The footwear designer’s decision to purge inventory of some 2 million pairs of its Shape-ups sneakers in exchange for a $21 million loss pleased investors reviewing the somewhat ugly second-quarter earnings report released from Skechers USA on Wednesday. Shares in the Manhattan Beach, CA-based company sky-rocketed 25.0% on Thursday morning to an intraday high of $17.88 despite the shoe retailer’s reported net loss of $0.62 a share on 14% lower revenue for the quarter. Steps taken by the company to clear out inventory as well as promising international growth prospects seem to have overshadowed weaker-than-expected top- and bottom-line results. Bullish momentum in the shares was also aided by an analyst at BB&T Capital Markets who raised Skechers to ‘Buy’ from ‘Hold’ with a 12-month target share price of $18.00.

On Monday we noted bullish call buying taking place in the September and October contracts, and suggested traders long those calls may benefit from a post-earnings pop in the price of the underlying. Lo-and-behold, shares are soaring and some investors have seen the value of their positions more than double this week. For example, traders purchased around 2,200 October $15 strike calls on Monday for an average premium of $1.07 apiece. Today investors could turn around and sell those calls for an average premium of $2.65 a-pop, or hold onto their positions in the hope that shares continue to rally in the next few months. Like-minded bulls picked up around 500 of the September $15 strike calls on Monday at an average premium of $0.85 each, while the last-traded price on the contract now stands at $2.35.…
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Phil's Favorites

Leaders always 'manufacture' crises, in politics and business

 

Leaders always 'manufacture' crises, in politics and business

Trump recently called the border a crisis during a televised address. AP Photo/Carolyn Kaster

Courtesy of Bert Spector, Northeastern University

“This is a humanitarian crisis, a crisis of the heart and a crisis of the soul.”

That’s how President Donald Trump framed his demand for fun...



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Zero Hedge

Netflix Slides On Revenues Miss, Light Guidance As It Burns $15 Million In Cash Daily

Courtesy of Zero Hedge

Last October, when Netflix reported stellar Q3 earnings and guidance there were many skeptics who said there is no way Netflix could possibly hit its impressive forecasts. They were right, because moments ago the video streaming company reported Q4 earnings which missed on revenue and revealed light guidance for Q1 even as it reported strong subscriber numbers.

Specifically, Q4 EPS was $0.30 (which included a $22MM non-cash gain on FX remeasurement of Euro-denominated debt), well below the $0.41 reported a year ago if slightly above consensus expectations of $0.24. Revenue of $4.187BN however came in l...



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ValueWalk

Steve Eisman: Short UK Banks On Brexit

By Jacob Wolinsky. Originally published at ValueWalk.

Steve Eisman gained fame when predicting the financial crisis of 2008. Now he is shorting British banks because of the risks a hard Brexit poses to the British market.

Image source: YouTube Video ScreenshotSteve Eisman: A Hard Brexit Is The Path Of Least Resistance

Q3 hedge fund letters, conference, scoops etc

Transcript...



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Kimble Charting Solutions

Triple Breakout Test In Play For S&P 500!

Courtesy of Chris Kimble.

Is the rally of late about to run out of steam or is a major breakout about to take place in the S&P 500? What happens at current prices should go a long way in determining this question.

This chart looks at the equal weight S&P 500 ETF (RSP) on a daily basis over the past 15-months.

The rally from the lows on Christmas Eve has RSP testing the top of a newly formed falling channel while testing the underneath side of the 2018 trading range and its falling 50-day moving average at (1).

At this time RPS is facing a triple resistance test. Wil...



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Insider Scoop

Cars.com Explores Strategic Alternatives, Analyst Sees Possible Sale Price Around $30 Per Share

Courtesy of Benzinga.

Related 44 Biggest Movers From Yesterday 38 Stocks Moving In Wednesday's Mid-Day Session ...

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Digital Currencies

Crypto-Bubble: Will Bitcoin Bottom In February Or Has It Already?

Courtesy of Michelle Jones via ValueWalk.com

The new year has been relatively good for the price of bitcoin after a spectacular collapse of the cryptocurrency bubble in 2018. It’s up notably since the middle of December and traded around the psychological level of $4,000... so is this a sign that the crypto market is about to recover?

Of course, it depends on who you ask, but one analyst discovered a pattern which might point to a bottom next month.

A year after the cryptocurrency bubble popped

CCN...



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Chart School

Weekly Market Recap Jan 13, 2019

Courtesy of Blain.

In last week’s recap we asked:  “Has the Fed solved all the market’s problems in 1 speech?”

Thus far the market says yes!  As Guns n Roses preached – all we need is a little “patience”.  Four up days followed by a nominal down day Friday had the market following it’s normal pattern the past nearly 30 years – jumping whenever the Federal Reserve hints (or essentially says outright) it is here for the markets.   And in case you missed it the prior Friday, Chairman Powell came back out Thursday to reiterate the news – so…so… so… patient!

Fed Chairman Jerome Powell reinforced that message Thursday during a discussion at the Economic Club of Washington where he said that the central bank will be “fle...



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Members' Corner

Why Trump Can't Learn

 

Bill Eddy (lawyer, therapist, author) predicted Trump's chaotic presidency based on his high-conflict personality, which was evident years ago. This post, written in 2017, references a prescient article Bill wrote before Trump even became president, 5 Reasons Trump Can’t Learn. ~ Ilene 

Why Trump Can’t Learn

Donald Trump by Gage Skidmore (...



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Biotech

Opening Pandora's Box: Gene editing and its consequences

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

 

Opening Pandora's Box: Gene editing and its consequences

Bacteriophage viruses infecting bacterial cells , Bacterial viruses. from www.shutterstock.com

Courtesy of John Bergeron, McGill University

Today, the scientific community is aghast at the prospect of gene editing to create “designer” humans. Gene editing may be of greater consequence than climate change, or even the consequences of unleashing the energy of the atom.

...

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Mapping The Market

Trump: "I Won't Be Here" When It Blows Up

By Jean-Luc

Maybe we should simply try him for treason right now:

Trump on Coming Debt Crisis: ‘I Won’t Be Here’ When It Blows Up

The president thinks the balancing of the nation’s books is going to, ultimately, be a future president’s problem.

By Asawin Suebsaeng and Lachlan Markay, Daily Beast

The friction came to a head in early 2017 when senior officials offered Trump charts and graphics laying out the numbers and showing a “hockey stick” spike in the nationa...



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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"

 

 

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

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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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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.

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