Posts Tagged ‘VRA’

Vera Bradley Call Options Active

VRA – Vera Bradley, Inc. – A sizable trade in Vera Bradley call options today appears to be bullish on shares of the handbags and accessories retailer through November expiration. Shares in VRA, down roughly 20% since this time last year, slipped 2.4% to a fresh 52-week low of $18.67 today. The company reports second-quarter earnings after the close on Wednesday.

The most-traded contracts are the Nov $20 calls, with volume topping 3,400 contracts versus open interest of 505 contracts. Most of the volume traded in a block of 1,900 calls at an asking premium of $1.20 per contract. The position starts making money if shares in Vera Bradley rally 13% over today’s low of $18.67 to exceed the breakeven point at $21.20. Overall options volume of around 5,100 contracts traded on the stock today is more than 10 times VRA’s average daily volume of approximately 470 contracts. 

LULU – Lululemon Athletica, Inc. – Shares in the maker of yoga and athletic apparel are on the rise today, up as much as 4.6% during the session to $72.71 after the stock was initiated with a ‘Buy’ rating and price target of $90.00 at Citigroup. The retailer reports second-quarter earnings ahead of the opening bell on Thursday.

The stock attracted heavy volume in put options, with the put/call ratio dancing near 2.2 as of the time of this writing. Overall options volume on LULU is above 18,600 contracts just before 3:00 p.m. ET, roughly twice the stock’s average daily options volume of around 9,300 contracts. Some options traders appear to be bracing for the price of the underlying to pull back after earnings. Roughly 2,000 of the Sep 13 ’13 $72.5 strike weekly puts…
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Large Bear Put Spread Initiated On XLF

 

Today’s tickers: XLF, PERI & VRA

XLF - Financial Select Sector SPDR ETF – The single-largest trade initiated in XLF options on Tuesday protects against a limited, albeit substantial, adverse move in the price of the underlying fund during the next few months. Shares in the XLF reached their highest level in nearly two years this past Friday, trading up to $17.08 on the heels of a more than 25% rally since this time last year. The Financial Select Sector SPDR ETF is off slightly today, trading lower in line with the broader market, with the shares now down 0.70% to stand at $16.89 as of 12:45 p.m. in New York trading. One large options market participant is prepared to see continued declines in the price of the underlying with the purchase of a 95,000-lot April $14/$16 put spread today at a net premium outlay of $0.275 apiece. The spread makes money if shares in the XLF dip 7% to breach the effective breakeven price of $15.725, with maximum potential gains of $1.725 per contract available in the event of a more than 17% pullback to $14.00 by April expiration. Though the transaction was not tied to stock, it’s possible the position was implemented to hedge a long position in shares of the XLF.

PERI - Perion Network Ltd. – Shares in Tel Aviv, Israel-based digital media company, Perion Network, jumped more than 30% to a new all-time high of $12.47 today after the company forecast higher-than-expected earnings and sales for 2013. Options traders anticipating further gains in the price of the underlying during the next five weeks appear to be buying upside calls on the name. The Feb. $12.5 strike calls are the most actively traded contracts on Perion this morning, with upwards of 1,100 calls in play versus zero open positions. One or more bullish strategists acting within the first 10 minutes of the opening bell this morning purchased around 200 of the calls at a premium of $0.65 apiece. These contracts make money at expiration next month as long as shares in PERI…
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Bearish Options In Play As Disney Shares Drop After Earnings

 

Today’s tickers: DIS, VRA & PLCE

DIS - Walt Disney Co. – Just six weeks ago, shares in the operator of the happiest place on earth were hitting fresh all-time highs, peaking at $53.40 in the final week of September, on the heels of an impressive 40% rally since the start of 2012. More recently, however, the stock has been edging down off the September high, sliding roughly 6% ahead of Disney’s fourth-quarter earnings report released after the close on Thursday. Shares in Walt Disney Co. gave up another 5.75% today to trade at $47.17 just before midday on the East Coast after the company posted earnings in line with expectations and sales that missed analyst estimates. The final weeks of 2012 may see shares in Disney continue to pull back by the looks of activity in far out-of-the-money put options expiring in December. Some traders snapped up bearish contracts on DIS that may be profitable if shares slip to their lowest levels since May, purchasing around 1,000 puts at the Dec. $44 strike for an average premium of $0.58 apiece. Like-minded bears picked up roughly 400 puts at the lower Dec. $43 strike for an average of $0.40 apiece, and shelled out $0.29 per contract, on average, to buy more than 425 puts at the Dec. $42 striking price. Traders long the Dec. $42 strike puts stand ready to profit at expiration next month should Disney shares drop 11.5% from the current level to settle below an average breakeven price of $41.71.

VRA - Vera Bradley, Inc. – Fresh interest in Vera Bradley call options this morning suggests some traders are positioning for shares in the maker of handbags and accessories to rally as the 2012 calendar year draws to a close. The stock today trades down 2.5% to stand at $26.20 as of 11:30 a.m. ET. The jump in call activity arrives four weeks ahead of Vera Bradley’s third-quarter earnings report after the closing bell on…
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Traders Snap Up Cirrus Logic Puts

 

Today’s tickers: CRUS, VRA & CMG

CRUS - Cirrus Logic, Inc. – Traders accumulating put options on Cirrus Logic this week may be bracing for potential bearish movement in the price of the underlying ahead of Apple, Inc.’s second-quarter earnings report on Tuesday, and the Company’s own fourth-quarter release on Wednesday. Shares in audio chip maker Cirrus, which generates roughly 70% of its revenues from business with Apple, is down 3.3% today at $22.20. The stock rallied briefly at the open on a new ‘Buy’ rating and share price target of $40.00 by Sterne Agee this morning, but quickly turned-tail as the final trading day of the week progressed. Put open interest in the May expiry has increased over the past couple of days, with interest continuing to build in the contracts this morning. The May $21 strike put options are the most heavily traded by volume, with some 2,100 contracts in play as of 12:20 p.m. in New York. It looks like one or more traders purchased the majority of the $21 puts for an average premium of $0.82 apiece in the first half of the trading session. Yesterday, around 1,100 of these contracts were purchased for an average premium of $0.60 each. The intraday erosion in the share price has lifted premium on the puts substantially, with the last traded price of $1.15 up 90.0% overnight and roughly 40.0% since the bulk of the options were purchased this morning. Put buyers were also active in the May $22 strike contracts yesterday, snapping up some 1,240 positions, as well as the May $24 strike put options, purchased roughly 2,500 times on Thursday for an average premium of $1.83 each. The value of these bearish put options will continue to climb in the event that CRUS shares extend losses through May expiration.…
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Good Fortune For Some As Shares In P.F. Chang’s China Bistro Boom

 

Today’s tickers: PFCB, IMAX & VRA

PFCB - P.F. Chang’s China Bistro, Inc. – Options on the owner and operator of two restaurant chains, P.F. Chang’s China Bistro and Pei Wei Asian Diner, were more active than usual this week following the Company’s fourth-quarter earnings report ahead of the bell on Thursday. Shares are up sharply today on a number of analyst upgrades, trading higher by as much as 8.1% to touch an intraday peak of $38.50. Traders that purchased calls on P.F. Chang’s yesterday despite the Company’s earnings miss, in some cases saw the value of their positions significantly increase overnight. It looks like investors purchased as many as 750 calls at the Mar. $35 strike yesterday for an average premium of $1.34 each. The calls today cost more than two times that amount, with the last traded price on the contracts up at $3.40. Finally, options traders positioning for shares to extend gains purchased some 250 calls up at the Mar. $40 strike at a premium of $0.60 apiece. Investors long the $40 strike calls stand prepared to profit in the event that shares in P.F. Chang’s increase 7.0% over the current price of $37.95 to exceed the effective breakeven price of $40.60 at March expiration. PFCB’s shares last traded above $40.60 back in July 2011.

IMAX - IMAX Corp. – Shares in the entertainment technology company are up 0.35% at $23.81 this morning, down 4.75% off a six-month high of $25.00 reached earlier in the week. The stock has rallied 90.0% off its October 2011 52-week low of $12.57, but options activity on IMAX Corp. today suggests one strategist expects the price of the underlying to reverse course in the near term. The stock and option combo initiated on IMAX in the first hour of…
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Kimble Charting Solutions

Inflation or Deflation? Depends On What The Commodity Index Does Next!

Courtesy of Chris Kimble

Commodities were already in a slump when coronavirus hit in 2020. That crash sent commodities to the lowest levels in decades.

A quick economic rebound led to a return of demand which in turn led to shortages in 2021 and into 2022.

So now what? Well, if you look at today’s long-term “weekly” chart of the CRB Commodity Index you can see that the past 2 years produced the largest 90-week rally in nearly 50 years!

This has taken commodities from the bottom of the falling channel (marked by each 1) to the top of the channel.

Which starts here?  Deflation or Hyperinflation?

The rall...



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ValueWalk

B2B eCommerce Market Size Reaches $6.7 Trillion In 2021: Here's How

By Ankur Shah. Originally published at ValueWalk.

Once upon a time, B2B sales were very old school in their ways. B2B marketplaces and online websites were unheard of – until the new generation of buyers entered the market along with the digital shift business is experiencing in general to create the world of B2B eCommerce. Even though the B2B world was slow to embrace eCommerce, we’re seeing a shift towards online sales to make the buying experience less complicated and more seamless.

Q4 2021 hedge fund letters, conferences and more

Below, we'll look at the reasons why B2B eCommerce is bo...



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Zero Hedge

US Intervened With Patriot Missiles During Houthi Attack On UAE

Courtesy of ZeroHedge View original post here.

Authored by Jason Ditz via AntiWar.com,

US Air Force spokesman Lt. Col. Philip Ventura reported on Monday that US planes intervened during a missile alert in the United Arab Emirates (UAE), and helped them repel two ballistic missiles.

"U.S. military forces successfully reacted to multiple inbound threats during an attack near Abu Dhabi," the U.S. Air Force said in a Monday statement. The New York Times confirme...



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Phil's Favorites

Federal Reserve plans to raise interest rates 'soon' to fight inflation: What that means for consumers and the economy

 

Federal Reserve plans to raise interest rates ‘soon’ to fight inflation: What that means for consumers and the economy

All eyes are on Fed Chair Jerome Powell as the central bank prepares to raise rates for the first time in three years. Brendan Smialowski/Pool via AP

Courtesy of Alexander Kurov, West Virginia University and Marketa Wolfe, ...



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Biotech/COVID-19

How mRNA and DNA vaccines could soon treat cancers, HIV, autoimmune disorders and genetic diseases

 

How mRNA and DNA vaccines could soon treat cancers, HIV, autoimmune disorders and genetic diseases

Nucleic acid vaccines use mRNA to give cells instructions on how to produce a desired protein. Libre de Droit/iStock via Getty Images

Courtesy of Deborah Fuller, University of Washington

The two most successful coronavirus vaccines developed in the U.S. – the Pfizer and Moderna vaccines – are both mRNA vaccines. The idea of using genetic material to produce an immune response has opened up a world of research ...



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Politics

5 things to know about why Russia might invade Ukraine - and why the US is involved

 

5 things to know about why Russia might invade Ukraine – and why the US is involved

Courtesy of Tatsiana Kulakevich, University of South Florida

U.S. President Joe Biden said on Jan. 19, 2022, that he thinks Russia will invade Ukraine, and cautioned Russian president Vladimir Putin that he “will regret having done it,” following months of building tension.

Russia has amassed an estimated 100,000 troops along its border with Ukraine over the past several months.

In mid-January, Russia began moving ...



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Chart School

Bitcoin Swings Down to Support

Courtesy of Read the Ticker

Come on! Seriously do you think a 400% rally for Bitcoin was going to be given to the public easily. Without any pain! Come on muppets!



The uniformed (public) buy when price is rising or breaking new highs, the informed buy when price is falling or breaking lows.



The informed have to do it this way as they are large volume players and the only way they can buy large volume is to create chaos. The chaos brings to the market the weak holders and a forced sell. Price is moved to where the volume can be accumulated, in a bull trend that is down to critical support.



Of course if price is in a true bull market the 'chaos' created should not break critical long term trend signals, ...



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Digital Currencies

The metaverse is money and crypto is king - why you'll be on a blockchain when you're hopping

 

The metaverse is money and crypto is king – why you’ll be on a blockchain when you’re virtual-world hopping

In the metaverse, your avatar, the clothes it wears and the things it carries belong to you thanks to blockchain. Duncan Rawlinson - Duncan.co/Flickr, CC BY-NC

Courtesy of Rabindra Ratan, Michigan State University and Dar Meshi, Michigan State University ...



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Promotions

Phil's Interview on Options Trading with TD Bank

TD Bank's host Bryan Rogers interviewed Phil on June 10 as part of TD's Options Education Month. If you missed the program, be sure to watch the video below. It should be required viewing for anyone trading or thinking about trading using options. 

Watch here:

TD's webinar with Phil (link) or right here at PSW

Screenshots of TD's slides illustrating Phil's examples:

 

 

&n...



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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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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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