Yesterday shares of Target (TGT) declined 5.5% on a disappointing Q4: I think Jeff Macke’s tweet speaks to the magnitude of the pre-announcement and the sell-off: $TGT guides lower 2mo 2 days after guiding higher. Ecommerce …
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Event: Walmart (WMT) is scheduled to report their Q3 results on November 17th before the open. The options market is implying about a 4% move in either direction between now and Nov 18th expiration close. …
Continue readingOn June 14th, I expressed a near term bearish view in Alibaba (BABA) with a defined risk trade that looked to finance August near the money puts with shorted dated puts of the same strike …
Continue readingChinese economic slowdown apologists point that the adjustment from an industrial lead economy to a services based economy will be a massive boon for consumer facing companies like Alibaba (BABA) and their competitor JD.com (JD). …
Continue readingIn case you missed it, weak manufacturing data out of China, released overnight, has put global markets in a bit of a mood. The S&P 500 (SPX) is set to have its worst first trading …
Continue readingHere is some generally directional, untied options activity that caught my eye during Wednesday’s trading: 1. BAC – The largest single stock options trade of the day was in BAC,. When the stock was 17.60 a trader …
Continue readingHere is some generally directional, untied options activity that caught my eye during Tuesday’s trading: 1. T – total options volume was more than 3x average daily volume with calls making 75% of the volume. The …
Continue readingOn two occasions over the last 5 weeks I have written about Chinese etailer JD.com (JD), here and here. Initially what caught my eye was the stock’s recent and fairly dramatic out-performance compared to Alibaba (BABA), …
Continue readingA couple weeks ago I took a look at the other Chinese eCommerce behemoth that you had probably never heard of, JD.com (JD), see below. The primary focus of the post was the buildup in …
Continue readingToday is the first day of trading for BABA. The company sold shares to fund managers (let’s be honest, it was not really an initial “public” offering) at $68 on the evening of September 18th. Since then, …
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