Earlier we detailed a large call spread risk reversal trade in shares of CMCSA. That appears to be a popular trade structure today. When shares of Michael Kors (KORS) were trading $43.80 a trader apparently …
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Event: Tomorrow before the open Abercrombie & Fitch (ANF) will report their Q1 results. The options market is implying about a 10% one day move, which is a bit rich to the 4 qtr avg …
Continue readingMichael Kors (KORS) reports earnings on February 5th prior to the open. The options market is implying about an 8% one day move, which shockingly has been about the average move since the company reported …
Continue readingA new closing record for the S&P 500 index and the DJIA, though the Nasdaq 100 closed just short. Options volumes were light ahead of today’s monthly expiration. 1. KORS – 35k of the Jan15 70 …
Continue readingThe S&P 500 index yesterday had its tightest range and lowest volume since the last week of August. The bond market holiday for Veterans’ Day certainly contributed to the quiet session. 1. DXJ – Large call …
Continue readingDespite some high profile disappointments in the last couple of weeks by retailers like ANF, COH, KORS, KSS and WMT, the sector as a whole has caught a rally of late. The increased optimism about the U.S. …
Continue readingI know a lot of people that get emotionally attached to consumer stocks they own. They love the product, they buy the stock and for a while they are a happy customer and investor. Many …
Continue readingApple continues to be the focus of the options market this week. Outside of the market’s largest stock, sector ETFs and a few single names had big prints. 1. AAPL – Interesting roll in AAPL, as …
Continue readingThe story in U.S. retail has remained fairly consistent with over the past year, consumers have had tight grips on their wallets and retailers have had to discount aggressively to maintain market-share. This dynamic has …
Continue readingFinancials were the best performing sector yesterday after two strong earnings reports from JPM and GS. IWM continues to underperform SPY and QQQ. Options volumes were higher yesterday compared to the past couple of weeks. …
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