Yesterday we laid out our thoughts heading into a QCOM’s fiscal Q4 earnings print and detailed a bearish trade that targeted a 10% move lower to $70, based on our thought that: With the stock …
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QCOM reports earnings today after the close. I detailed the earnings setup in yesterday’s preview, with the following conclusion: Our View: QCOM has consistently been viewed by investors as a Growth at a Reasonable Price …
Continue readingOverall market volumes remained subdued, with the VIX closing below 15 for the 4th straight session. A good portion of the single stock options activity was in stocks reporting earnings. 1. BABA – BABA closed at …
Continue readingHerbalife (HLF) is down 14% this morning after the company issued their second consecutive earnings miss and guided down the current quarter eps and sales estimate (Per Bloomberg: Sees 4Q adj EPS $1.30-$1.40, est. $1.69; sees 4Q …
Continue readingHerbalife reports earnings today after the close. We previewed the earnings event on Friday, with the following conclusion: The earnings event itself is not justifying the elevated vol in the options. Likely the option premium …
Continue readingAckman, Icahn… Icahn, Ackman. After the past few years it seems like these two hedge fund titans go together like peanut butter and jelly. Both have been extremely vocal advocates for shareholders of publicly traded companies, …
Continue readingOptions volume was light again on Friday, as 10 day realized volatility in the S&P 500 index has fallen to around 5. Special situations in single stocks had the most active options. 1. HLF – The …
Continue readingBack in a January post we detailed the activity in the Jan15 50 puts in HLF when the stock was in the low $70s after a quick decline from the recent highs int he lows $80s: Well, …
Continue readingAs he usually does, Michael Lewis stole the show in 2014. During the promotion of his book Flash Boys he made some fairly controversial claims that the U.S. stock market is “Rigged”, and while he …
Continue readingHLF got within sight of its 52 week low of $49.35 this am, as the selling has been relentless ever since Herbalife’s disappointing earnings report in late July. While Ackman’s presentation a couple of weeks …
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