Earnings Cheat Sheet: $BWLD, $CLF, $FTI, $RAX

by Enis February 12, 2013 11:07 am • Commentary

This a quick run-through of some high volatility names reporting after tonight’s close.  We don’t have any positions on the following names, and don’t plan on trading them, but we wanted to offer a cheat sheet for those interested or involved in these stocks.  One caveat for options trading on these stocks:  Be careful placing your limit orders since bid/offer can be quite wide.  

BWLD:

Implied Move:  The options market is implying about a 8.5% move vs the 4 qtr avg move of ~11.5%, and the 8 qtr avg move of ~8.5%.

Sentiment:  Wall Street analysts are somewhat bullish on the stock with 12 Buys, 8 Holds and 2 Sells with an avg 12 month price target of ~$85.  Short interest is at almost 20% of the float, and has been relatively stable since October.

Options Volumes / Open Interest:  Open interest is relatively evenly split between calls and puts, while option volumes over the last week have been skewed towards puts.

 

CLF:

Implied Move:  The options market is implying about a 6.5% move vs the 4 qtr avg move of ~5.5%, and the 8 qtr avg move of ~4.5%.

Sentiment:  Wall Street analysts are mixed on the stock with 8 Buys, 13 Holds and 3 Sells with an avg 12 month price target of ~$43.  Short interest is at almost 20% of the float, and has been relatively stable since October as well.

Options Volumes / Open Interest:  Open interest is relatively evenly split between calls and puts, and option volumes over the last week have been almost evenly split as well.

 

FTI:

Implied Move:  The options market is implying about a 6% move vs the 4 qtr avg move of ~5%, and the 8 qtr avg move of ~4%.  Interestingly, the stock has declined after 9 of the last 10 earnings reports.

Sentiment:  Wall Street analysts are somewhat bullish on the stock with 17 Buys, 13 Holds and 2 Sells with an avg 12 month price target of ~$53.  Short interest is low at around 3.5% of the float.

Options Volumes / Open Interest:  Open interest is relatively evenly split between calls and puts, while option volumes over the last week have been skewed towards puts.

 

RAX:

Implied Move:  The options market is implying about a 8.25% move vs the 4 qtr avg move of ~8.5%, and the 8 qtr avg move of ~7%.

Sentiment:  Wall Street analysts are somewhat bullish on the stock with 12 Buys, 11 Holds and No Sells with an avg 12 month price target of ~$76.  Short interest is at around 8% of the float, the lowest it has been since May.

Options Volumes / Open Interest:  Open interest is skewed towards puts, which have 30% more open interest.  Option volumes in the past week have slightly favored calls, though over the last month, more puts have traded.