Posts Tagged ‘VCI’

Put Player Eyes Valassis Communications, Inc. Pullback

Today’s tickers: VCI, EXPR, XLE & LVS

VCI - Valassis Communications, Inc. – Shares in the media and marketing services company increased as much as 2.2% at the start of the trading day to hit an intraday high of $28.00, but relinquished much of the morning’s gains to stand just 0.20% higher on the session at $27.46 as of 12:50pm. One bearish options strategist appears to be positioning for Valassis Communications’ shares to tumble ahead of June expiration. It looks like the trader purchased a put spread, buying around 1,500 now in-the-money puts at the June $27.5 strike for a premium of $2.30 each, and selling the same number of puts at the lower June $22.5 strike at a premium of $0.50 apiece. Net premium paid to initiate the transaction amounts to $1.80 per contract and prepares the investor to make money should shares in VCI drop 6.4% from the current price of $27.46 to breach the effective breakeven point on the spread at $25.70 by expiration in June. Maximum potential profits of $3.20 per contract are available to the investor should Valassis’ shares plunge 18.1% to trade below $22.50 by June expiration.

EXPR - Express, Inc. – The specialty retailer of apparel and accessories popped up on our ‘hot by options volume’ market scanner this morning after a number of calls changed hands in the front month. Options on Express, Inc. may be more active today ahead of the firm’s fourth-quarter earnings report, which is scheduled for release ahead of the opening bell on Tuesday. Shares in Express earlier rallied 1.6% to secure an intraday high of $17.38, but slipped this afternoon to stand 0.70% lower on the session at $16.98. Options traders exchanged more than 2,400 in-the-money calls…
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Three-Legged Bear Shops for Retail Sector ETF Options

 Today’s tickers: XRT, APOL, VCI & MRVL

XRT - SPDR S&P Retail ETF – The retail sector may be poised for a pullback according to one options strategist who initiated a three-legged bearish combination spread using call and put options set to expire in March. Shares of the XRT, an exchange-traded fund designed to replicate the performance of the S&P Retail Select Industry Index, fell as much as 0.93% during the session thus far to touch an intraday low of $46.64. The three-legged bear sold out-of-the-money calls in order to partially offset the cost of buying a put spread. Legs of the spread include the sale of 7,500 calls at the March $51 strike for a premium of $0.40 each, purchase of 7,500 now in-the-money puts at the March $47 strike at a premium of $1.64 per contract, and the sale of 7,500 puts at the March $41 strike for premium of $0.42 apiece. The net cost of establishing the spread amounts to $0.82 per contract and positions the pessimistic player to profit should shares in the XRT decline another 1.00% from the current price to breach the breakeven point on the downside at $46.18 by March expiration. Maximum potential profits of $5.18 per contract are available to the investor in the event that XRT shares plummet 12.1% in the next couple of months to trade below $41.00 by expiration day. The outright bearish transaction contrasts with what appears to be a short straddle at the March $47 strike. It looks like the 3,500-lot short straddle provided the investor with gross premium of $3.87 per contract, which he keeps in full as long as shares settle at $47.00 at expiration day. The trader responsible for the short straddle could suffer devastating losses if the fund’s shares break out of the share price range dictated by the premium received, or buffer against losses through expiration. Losses start to accrue should shares rally above the upper breakeven point at $50.87, or if shares slip beneath the lower breakeven price of $43.13 before the contracts expire in March.…
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Amazon Options in High Demand Following eBook Pricing Concession

Today’s tickers: AMZN, DELL, FXI, AET, XOM, LPX, CSCO, VCI & ITMN

AMZN – Amazon.com, Inc. – E-tailer, Amazon.com, Inc., attracted two-way trading traffic in its options today after the firm gave in to publisher, Macmillan’s, demands to increase the price of digital books. Amazon.com’s concession to Macmillan is fueling investor concerns that the largest internet retailer is relinquishing its pricing advantage. Shares of the online shopping destination slumped more than 8.65% during the trading session to an intraday low of $114.38 – the largest decline in Amazon’s shares in more than one year. Investors inundated Amazon with options trades today, exchanging more than 226,300 contracts on the stock by 2:50 pm (EDT). Option volume generated thus far in the session represents more than 45% of the total 493,697 lots of existing open interest on AMZN. Strong demand for options on the stock as well as a rise in investor uncertainty boosted option implied volatility on Amazon roughly 8.3% higher to 41.44% in afternoon trading. Option traders expecting shares to rebound quickly purchased 2,200 call options at the February $115 strike for an average premium of $5.67 apiece. The $120.67 breakeven price on the contracts suggests call buyers expecting to amass profits in the next few weeks, anticipate a more than 5% increase off the intraday low, by expiration day in February. Call buying and selling in roughly equal proportions was observed at the February $120 strike and at the February $125 strike. Two-way trading traffic of put options is also apparent in the February contract. Contrarian players sold nearly 8,000 puts at the February $115 strike to take in an average premium of $3.58 per contract. Put sellers at this strike keep the full premium received if AMZN’s shares trade above $115.00 through expiration day. The most bearish moves were made at the March $105 strike where 1,100 puts were picked up for an average premium of $2.81 each.

DELL – Dell, Inc. – Bullish investors initiated call spreads on the just-in-time manufacturer of personal computers this afternoon with Dell’s share price up 2.5% to $13.22 on the day. Option traders purchased more than 10,000 calls at the August $14 strike for an average premium of $1.17 apiece, spread against the sale of roughly 10,000 calls at the higher August $18 strike for an average premium of $0.20 each. The average net cost of the bullish trade amounts to…
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Kimble Charting Solutions

Is the Nasdaq About To Fall 25 Percent?

Courtesy of Chris Kimble

Technology is the lifeblood of our current economy and dictates future innovation. The sector has also taken a primary leadership role in the 11-year bull market.

But, as most of you are aware, that doesn’t mean that tech stocks are always smooth sailing. In fact, the Nasdaq and tech stocks can be a bumpy ride! Just check out today’s chart!

Displayed here is a “monthly” chart of the Nasdaq Composite (IXIC) which highlights some a handful of large bearish reversal patterns.

The month of...



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Zero Hedge

At Least 2 Killed In 2nd French Terror Attack This Month; Victim Reportedly Decapitated

Courtesy of ZeroHedge View original post here.

In what appears to be the second major French terror attack in two weeks, at least two have been killed and one critically injured in a brutal knife attack that occurred during the morning service of a local Catholic church - Notre Dame basilica - in Nice.

In an echo of the brutal attack on a schoolteacher that recently galvanized the French government to launch a major anti-terror crackdown, reports claimed that at least one of ...



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Phil's Favorites

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

 

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

Under relaxed public health restrictions, deaths will spike far before herd immunity is achieved. AP Photo/Mark Lennihan

Courtesy of Steven Albert, University of Pittsburgh

White House advisers have made the case recently for a “natural” approach to herd immunity as a way to reduce the need for ...



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Biotech/COVID-19

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

 

Achieving COVID-19 herd immunity through infection is dangerous, deadly and might not even work

Under relaxed public health restrictions, deaths will spike far before herd immunity is achieved. AP Photo/Mark Lennihan

Courtesy of Steven Albert, University of Pittsburgh

White House advisers have made the case recently for a “natural” approach to herd immunity as a way to reduce the need for ...



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ValueWalk

Graham & Doddsville Fall 2020 Newsletter: Interview With Oakmark's Bill Nygren

By Jacob Wolinsky. Originally published at ValueWalk.

Excerpt from Graham & Doddsville newsletter for the month of October 2020, featuring an interview with Oakmark’s Bill Nygren, who shares his approach to value investing.

Read all about it – the fall 2020 issue of Graham & Doddsville, published by the Columbia Student Investment Management Association (CSIMA) in partnership with the Heilbrunn Center for Graham & Dodd Investing at Columbia Business School.

Q3 2020 hedge fund letters, conferences and more

In this issue’s in-depth interviews, you can read about:

  • Bill Nygren, CFA, Portfolio Manager of the Oakmar Funds at Harri...


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Chart School

RTT browsing latest..

Courtesy of Read the Ticker

Please review a collection of WWW browsing results. The information here is delayed by a few months, members get the most recent content.



Date Found: Monday, 18 May 2020, 03:35:21 AM

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Comment: Ooh so pretty, so pretty, ooh so!



Date Found: Thursday, 21 May 2020, 01:03:17 AM

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Comment: Charlie Lee: All Things Litecoin (#MimbleWimble, ...



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Politics

How to track your mail-in ballot

 

How to track your mail-in ballot

Make sure you know when your ballot is arriving, and whether it’s been accepted for counting back at your election office. erhui1979/DigitalVision Vectors via Getty Images

Courtesy of Steven Mulroy, University of Memphis

Many voters who want to participate in the election by mail are concerned about when they’ll receive their ballot – and whether it will get back in time to be counted.

The pandemic has caused interest in ...



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Digital Currencies

Bitcoin: the UK and US are clamping down on crypto trading - here's why it's not yet a big deal

 

Bitcoin: the UK and US are clamping down on crypto trading – here's why it's not yet a big deal

Where there’s a bit there’s a writ. Novikov Aleksey

Courtesy of Gavin Brown, University of Liverpool

The sale and promotion of derivatives of bitcoin and other cryptocurrencies to amateur investors is being banned in the UK by the financial regulator, the Financial Conduct Authority (FCA). It is a...



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Mapping The Market

COVID-19 Forces More Than Half of Asset Management Firms to Accelerate Adoption of Digital Marketing Technology

By Jacob Wolinsky. Originally published at ValueWalk.

There is no doubt that the use of technology to support client engagement initiatives brings both opportunities and threats but this has been brought into sharp focus this year with the COVID-19 pandemic.

The crisis has brought to the fore the need for firms to enable flexibility in client engagement – the expectation that providers will communicate to clients on their terms, at their speed and frequency and on their preferred channels, is now a given. This is even more critical when clients are experiencing unparalleled anxiety from both market conditions and their own personal circumstances.

...

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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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Promotions

Free, Live Webinar on Stocks, Options and Trading Strategies

TODAY's LIVE webinar on stocks, options and trading strategy is open to all!

Feb. 26, 1pm EST

Click HERE to join the PSW weekly webinar at 1 pm EST.

Phil will discuss positions, COVID-19, market volatility -- the selloff -- and more! 

This week, we also have a special presentation from Mike Anton of TradeExchange.com. It's a new service that we're excited to be a part of! 

Mike will show off the TradeExchange's new platform which you can try for free.  

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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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