A little more than a month ago we made a short term at the money bearish trade that financial stocks would demonstrate weakness prior to the March 18th FOMC meeting Here was the trade from …
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Prior to YUM’s Q4 results in early February we legged into a put spread expressing the view that continued weakness in China would cause the company to lower forward guidance. The results, while mixed, did …
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YUM released Q4 results last night that were below consensus, but generally in line with re-set expectations. The company expects China weakness to continue and the “pace of the recovery is slower than expected”. The company said …
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YUM reports its q4 results today after the close. We legged into a put spread last week for the event and just want to check in beforehand. To recap, we intially bought the Feb 72.5 …
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On Friday I made, what is in hindsight, a boneheaded short biased trade in Disney (below). Since the stock’s blowout results last night I have thought a lot about this trade, and what drew me …
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Friday afternoon I laid out a very near term bearish case for shares of Disney (DIS) into their fiscal Q1 report due after the close tonight (read below). I wanted to be very clear, DIS …
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Last week I bought Feb at the money puts in front of YUM’s Q4 results (due after the close on Wednesday) (read below). With the stock down 2.5% in the last couple trading days, I …
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Disney (DIS) reports their fiscal Q1 earnings Tuesday after the close, the options market is implying a 3% on day move, vs the 4 qtr avg move of only 1.7%. The stock is obviously not …
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Over the last couple years Yum Brands (YUM) has been one of our favorite short targets (most recent here) into earnings given their exposure to China, their exposure to a strengthening dollar, what seems like their …
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On February 5th, near the height of the most recent vol spike (below) we decided to take off half of our long vol structure and let the other half ride in case of more volatility …
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