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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Zero Hedge

Yuan Extends Losses After China Macro Data Disappoints

Courtesy of ZeroHedge View original post here.

China's yuan extended its early losses, testing down to the fix after headline economic data disappointed across the board.

  • Industrial Production rose just 5.6% YTD YoY (below the +5.7% exp and down from +5.8% prior)

  • Retail Sales rose just 7.5% YoY (below the +7.9% exp and down from +7.6% prior)

  • Fixed Asset Investments rose just 5.5% YTD YoY (below the +5.7% exp and down from +5.7% prior)

  • Property Investment rose just 10.5% YTD YoY (down from +1...



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Phil's Favorites

Black Hole Investing

 

Black Hole Investing

Courtesy of John Mauldin, Thoughts from the Frontline 

Scientists say the rules change in a cosmic “black hole” at what astrophysicists call the event horizon. How do they know that? Not by observation, since what happens in there is, by definition, un-seeable. They infer it from the surroundings, which say that the mathematics of the universe as we understand them change at the event horizon.

Or maybe not. One theory says we are all inside a black hole right now. That could possibly explain a few things about central bank policy. ...



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The Technical Traders

Crude Oil Setting Up For A Downside Price Rotation

Courtesy of Technical Traders

Crude Oil has been trading in a fairly narrow range since mid-August – between $52 and $57 ppb.  Our Adaptive Dynamic Learning (ADL) predictive modeling system suggested the downside price move in late July/early August was expected and the current support aligns very well with our ADL predictions of higher price rotation throughout most of September/October.  Please take a minute to review the original research post below :

July 10, 2019: ...



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Insider Scoop

The Street Reacts To Kroger's Q2 With Mixed Takeaways

Courtesy of Benzinga

Kroger Co (NYSE: KR) reported second-quarter results that came in better than expected. The earnings beat may have been overshadowed by management's decision to remove its prior guidance of $400 million in incremental EBIT by fiscal 2021.

Q2 A Mix Of Positives And Negativ...

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Chart School

Dow to 38,000 by 2022

Courtesy of Read the Ticker

President Trump said the Dow would be 10,000 points higher if it was not for the FED. In truth if the Dow breaks to new all time highs the next stop is 38,000 and he may be proven correct. Is there an election on? 

Of course who knows? But lets continue. 

The fundamentals behind this may be:

  • A good deal with China.
  • The FED turning on easy money with further rate cuts (very strange with a market near all time highs). FOMC Sept 17th well tell us more.
  • The above turbo charging stock buy backs.
  • Off shore money running out of foreign equity markets in to US markets (see note1).

Note1: Of course this has happened before, one particular time was just before O...



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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Lee's Free Thinking

Nonfarm Payrolls Not Seasonally Adjusted Tell the Real Story - Unspinning Wall Street™

Courtesy of Lee Adler

Not seasonally adjusted nonfarm payrolls, that is, the actual numbers, give us a truer picture of the jobs market than the seasonally adjusted garbage that Wall Street spews.

Friday’s seasonally adjusted nonfarm payrolls jobs headline numbers disappointed investors with slower than expected growth. But was it really that bad?

Here’s How The Street Spun It – Wall Street Journal Modest August Job Growth Shows Economy Expanding, but Slowly

Employers added 130,000 nonfarm jobs, jobless rate held steady at 3.7%

U.S. employment grew only modestly in August, suggesting that a global economic slowdown isn’t driving the U.S. into recession but has dente...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

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

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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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...



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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:

 

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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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