Posts Tagged ‘ZQK’

Options Change Hands On Quiksilver As Stock Rallies

ZQK – Quiksilver Inc. – The apparel retailer’s shares are ripping higher today, up as much as 12% earlier in the session to touch $8.68 despite reporting a fourth-quarter loss and sales that missed analyst estimates. The stock moved lower in after-hours trading on Thursday, but reversed course on Friday in part on an upgrade to ‘Buy’ from ‘Neutral’ with a target share price of $10.00 up from $6.50 at B. Riley.

Trading in February expiry put options this morning suggests one or more traders may be positioning for shares in Quiksilver to remain above the $8.00 level during the next few months. The Feb $8.0 strike put options are the most traded contracts on ZQK as measured by volume, with around 1,800 puts traded against open interest of 486 contracts. It looks like most of the puts were sold at a premium of $0.50 each. Put sellers keep the full amount of premium on the trade as long as shares in ZQK exceed $8.00 at February expiration, but start losing money if shares in the name dip below the effective breakeven point at $7.50. Shares in Quiksilver have traded above $7.50 since the end of October. 

RH – Restoration Hardware Holdings Inc. – The retailer of furniture and home goods reported better than expected third-quarter earnings after the closing bell on Thursday, but shares fell as much as 8.0% to $60.15 on Friday after the company said its co-CEO Carlos Alberini will depart next month. The stock was also cut to ‘Neutral’ from ‘Overweight’ with a 12-month target share price of $65.00 at Piper Jaffray.

Shares in RH are well off the lowest level of the session at present, down 3.5% on the day at $62.92 as of 11:50 a.m. EST. Options volume on the stock is well above average, with roughly…
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Bullish Bets On WebMD Pay Off For Some Traders As Shares Rip Higher

Today’s tickers: WBMD, ZQK & IP

WBMD - WebMD Health Corp. – Shares in health information services provider, WebMD Health Corp., are on a tear today, up as much as 31% at a new 52-week high of $35.28 during morning trading after the company raised its full year profit and revenue forecast. The stock has increased more than 160% since November of 2012 when the shares touched down at an all-time low of $13.13. Options traders who picked up far out of the money call options on WBMD during recent weeks are enjoying big gains in the value of their positions today amid double-digit percentage gains in the price of the underlying. Of note, was the purchase of around 350 of the Jul $35 strike calls at a premium of $0.20 apiece back on June 6th when shares in the name were hovering around $29.50. The $35 strike calls are currently changing hands at four times that amount, with the last-traded price at $0.80 per contract as of 11:45 a.m. in New York. Traders initiating bullish positions on the stock last week appear to have purchased around 220 calls at the Aug $35 strike for a premium of $0.40 per contract on Monday morning. The rally in shares today has lifted premium on the Aug $35 call options to $2.25 as of the time of this writing. Finally, traders positioning for the price of the underlying to continue higher next week appear to have purchased around 850 of the Jul $35 strike calls this morning for an average premium of $0.95 apiece. These contracts make money at expiration next week as long as shares in WebMD rally another 5.0% over the current price of $34.25 to exceed the average breakeven point at $35.95. WebMD Health Corp. is scheduled to report second-quarter earnings after the closing bell on July 31st.

ZQK - Quiksilver, Inc. – Apparel and accessory company, Quiksilver, popped…
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Vertex Call Spread Eyes Big Gains In Drug Maker’s Shares

 

Today’s tickers: VRTX, ZQK & JPM

VRTX - Vertex Pharmaceuticals, Inc. – A sizable bullish position initiated in Vertex options this morning looks for shares in the drug maker to regain some of the steep losses realized during the past two months. Shares in Vertex Pharmaceuticals are trading flat on the session at $39.10 as of 11:20 a.m. ET, but have dropped 35% since the second week in October. One options trader who appears to have purchased a 3,500-lot April $42/$55 call spread for a net premium of $2.66 per contract stands ready to profit from a strong rebound in Vertex shares through expiration. The spread starts making money if shares increase 14% over the current price of $39.10 to surpass the effective breakeven point at $44.66, with maximum potential profits of $10.34 per contract available in the event shares jump 41% to hit $55.00 by expiration in April.

ZQK - Quiksilver, Inc. – Options on apparel and accessories retailer, Quiksilver, Inc., are more active than usual on Friday ahead of the company’s fourth-quarter earnings report next week. Shares in the maker of casual wear under its Quiksilver, Roxy and DC brands are trading up 2% today at $4.09 as of midday on the East Coast. Traders exchanged more than 7,500 option contracts on ZQK during the first half of the session, sizable volume versus the stock’s average daily options volume of around 1,300 contracts. The Dec. $5.0 strike calls are seeing the heaviest trading traffic, with more than 4,200 lots in play against zero open positions. It looks like most of these calls were purchased for an average premium of $0.05 apiece, perhaps by one or more strategists expecting the price of the underlying to pop after earnings. The stock posted double-digit percentage gains following the release of third-quarter earnings in September and after the second-quarter earnings report in April of this year. Buyers of the $5.0 strike front month call options on ZQK this morning may profit at expiration should shares in the name rally nearly 25% to top the breakeven price of $5.05.…
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Put Sellers See Bright Future for Ford Shares in 2011

 Today’s tickers: F, MSFT, ZQK, LULU, EK, CNO & SFD

F - Ford Motor Co. – The automaker’s shares are up 0.55% at $16.78 heading into the close this afternoon after earlier rising as much as 0.95% to an intraday high of $16.85. Bullish options traders expecting Ford’s shares to continue to rally higher over the next six months sold in-the-money put options in the June 2011 contract today. Bank of America/Merrill Lynch reiterated their ‘buy’ rating on the stock, upped their target share price on Ford Motor Co. to $24.00 from $20.00, and revised higher earnings estimates for 2011 and 2012 for the automaker. Optimistic options investors looked to the June 2011 $17 strike to sell some 16,000 in-the-money puts to receive premium of $1.92 per contract. Put sellers keep the hefty chunk of change received on the transaction as long as Ford’s shares exceed $17.00 ahead of expiration day next year. The sale of the contracts suggests traders are more than happy to have shares of the underlying stock put to them at an effective price of $15.08 each should shares fail to rally sufficiently, and the put options trade in-the-money at expiration.

MSFT - Microsoft Corp. – Bullish risk reversals initiated using Microsoft call and put options expiring in July 2011 are signs of investor optimism on the software company. Microsoft’s shares started out the session in the black but have slipped lower in the final hour of trading, losing 0.70% to stand at $27.04 as of 3:10 pm. One options strategist is positioning for shares in MSFT to rebound sharply ahead of July expiration by selling a total of 15,000 puts at the July 2011 $23 strike for a premium of $0.83 each, in order to buy the same number of calls at the higher July 2011 $30 strike at a premium of $0.97 apiece. The net cost of the risk reversal amounts to $0.14 per contract, providing relatively cheap upside exposure should Microsoft’s shares take off in 2011. Shares of the…
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Zero Hedge

The Bulls Continue To Bet On The Fed

Courtesy of ZeroHedge. View original post here.

Authored by Lance Roberts via RealInvestmentAdvice.com,

Over the last several weeks, we have been discussing the potential for a market correction simply due to divergences in the technical indicators which suggested near-term market risk outweighed the reward. As is generally the case, bonds have been warning the bullish bias of equity investors was likely misplaced. I have updated last week’s chart for reference. ...



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Phil's Favorites

Assange's new indictment: Espionage and the First Amendment

 

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Assange’s new indictment: Espionage and the First Amendment

Courtesy of Ofer Raban, University of Oregon

Julian Assange, the co-founder of WikiLeaks, has been charged by the U.S. Department of Justice with a slew of Espionage Act violations that could keep him in prison for the rest of his life.

The new indictment expands an earlier one charging Assange with conspiring w...



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Insider Scoop

Jefferies Sees 60-Percent Upside In Aphria Shares, Says Buy The Dip

Courtesy of Benzinga.

After a red-hot start to 2019, Canadian cannabis producer Aphria Inc (NYSE: APHA) has run out of steam, tumbling more than 31 percent in the past three months.

Despite the recent weakness, one Wall Street analyst said Friday that the stock has 30-percent upside potential. 

The Analyst

Jefferies analyst ...



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Kimble Charting Solutions

DAX (Germany) About To Send A Bearish Message To The S&P 500?

Courtesy of Chris Kimble.

Is the DAX index from Germany about to send a bearish message to stocks in Europe and the States? Sure could!

This chart looks at the DAX over the past 9-years. It’s spent the majority of the past 8-years inside of rising channel (1), creating a series of higher lows and higher highs.

It looks to have created a “Double Top” as it was kissing the underside of the rising channel last year at (2).

After creating the potential double top, the DAX index has continued to create a series of lower highs, while experiencing a bearish divergence with the S...



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Chart School

Brexit Joke - Cant be serious all the time

Courtesy of Read the Ticker.

Alistair Williams comedian nails it, thank god for good humour! Prime Minister May the negotiator. Not!


Alistair Williams Comedian youtube

This is a classic! ha!







Fundamentals are important, and so is market timing, here at readtheticker.com we believe a combination of Gann Angles, ...

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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 ...



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Biotech

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

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

 

DNA as you've never seen it before, thanks to a new nanotechnology imaging method

A map of DNA with the double helix colored blue, the landmarks in green, and the start points for copying the molecule in red. David Gilbert/Kyle Klein, CC BY-ND

Courtesy of David M. Gilbert, Florida State University

...



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ValueWalk

More Examples Of "Typical Tesla "wise-guy scamminess"

By Jacob Wolinsky. Originally published at ValueWalk.

Stanphyl Capital’s letter to investors for the month of March 2019.

rawpixel / Pixabay

Friends and Fellow Investors:

For March 2019 the fund was up approximately 5.5% net of all fees and expenses. By way of comparison, the S&P 500 was up approximately 1.9% while the Russell 2000 was down approximately 2.1%. Year-to-date 2019 the fund is up approximately 12.8% while the S&P 500 is up approximately 13.6% and the ...



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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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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...



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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:

 

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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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