Earlier I highlighted my newly coined chart pattern the “triangle of death” relating to WFM (here), referencing the stock’s weak relative performance and what could be a troubling set up in the event of negative …
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With 400 of the S&P 500 having already reported Q4 earnings results, the focus in the coming weeks will be on a slew of retail and consumer oriented companies who have yet to report like …
Continue readingSBUX was another 2013 leader that had a terrible start to 2014. The stock broke its rising 200 day moving average last week for the first time in more than a year: The stock has …
Continue readingEarlier we detailed our thought process for our profitable bearish position heading into tonight’s earnings release (see below). With the stock down almost 10% from the highs earlier this month, and our put fly worth …
Continue readingOver a month ago we made a bearish bet on CMG, that we’ve adjusted since. To recap, we started with a put calendar, let the front month expire worthless, then when the stock sold off, …
Continue readingSBUX reports its fiscal Q1 earnings tonight after the close. The options market is implying a one day move of about 3.8% vs the 4 qtr avg one day move of about 3.25% Unlike many …
Continue readingOver a month ago I wanted to make a bearish bet on CMG, but finance the purchase of longer dated calls by selling shorter dated calls of the same strike. With the short (shorter dated) …
Continue readingWe have written about YUM on several occasions in the past few months, starting with our earnings preview in early October. In that post, I noted that YUM was quite cheap on a fundamental basis …
Continue readingThe purpose of initiating this bearish position in WMT nearly 2 weeks ago when the stock was near the recent highs was too play for a pullback towards the stock’s 50 and 200 day moving …
Continue readingBack in Oct when CMG was a tad lower than current levels, we took a shot playing for a reversal at a time when high valuation momentum names appeared to have hit the skids (here). …
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