There was an options trade in shares of Tiffany’s (TIF) this morning that caught my eye…
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Stock volumes picked up yesterday on the move lower (though options volume still subdued). The S&P 500 index remained above its 50 day moving average, which is now around 1868. 1. VIX – VIX expiration for May …
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Just now, I was talking to a smart trader at a large institution on instant message as we do most mornings. Part of most traders pre-open morning routine is to digest the news between the …
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Event: TIF reports its Q3 earnings tomorrow before the open. The options market is implying about a 6% one day move, which is well above the 4 qtr avg of about 3.25%, and also above …
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So this one has been a battle to say the least. I’m long the NKE Dec 95/92.5 put spread at a cost of 42c going into the earnings announcement and with only 1 day until …
Continue reading2nd Trade Update Dec. 13th, 2012: NKE is back down to the level that I originally bought the Dec7th /Dec22nd 95 Put Spread for 1.40 on Nov 30th. To refresh everyone’s memory, when the Dec7th 95 Puts expired worthless …
Continue readingTrade Update Dec. 7th, 2012: Last week I bought a Put Calendar in NKE, selling today’s expiration 95 put and buying Dec22nd 95 Put (which catches their Q2 earnings on Dec 20th). The idea was …
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Readers of my little rant in the MorningWord this am (here) can tell that I am a bit skeptical of YUM’s about-face on their recent guidance of sales in China. Last night’s press release, which was released …
Continue readingHere’s a preview of what I’ll be discussing on Talking Numbers today between 3:20 and 3:30 pm EST on CNBC: We’ve spoken about our distaste for TIF on several occasions. Dan laid out an …
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Dan had a great post on Tiffany’s stock back on May 24th, when the stock first convincingly broke the $60 support level after an earnings miss and weaker guidance for the balance of the year, …
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