Event: Yum Brands (YUM) reports Q4 results tonight after the close. The options market is implying about a 6% one day move in either direction, which is a tad shy of the 4 qtr average …
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Spot VIX has had a fairly historic period, putting in 52 week lows in early August, seven year highs on August 24th, and now a decline back towards the historical mean. Vol is coming out …
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I assure you this post is NOT a victory lap. But over the past couple years we have had some choice words as it relates to the guidance given by Yum Brands (YUM), and specifically …
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Event: YUM reports Q3 results tonight after the close. The options market is implying about a 5% one day move, which is rich to its 4 qtr average one day post earnings move of about …
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Here is a quick recap of trades that we initiated, closed, or debated in the week that was July 13th – July 17th:
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Event: YUM reports Q2 results tonight after the close. The options market is implying about a 6.5% one day move which is rich to the 4 qtr avg of 3.6% and the 8 qtr avg …
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Over the last year my trading in Yum Brands (YUM) has been both right and wrong, with most recent being wrong. Since February there has been some fairly consistent build up in call open interest, …
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Here is some generally directional, untied options activity that caught my eye during Friday’s trading: 1. GE – The largest trade on the day across single stock, etf and index options was a long dated bullish …
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In the last few months we have placed two bearish trades in YUM, one for a gain back in December in front of what I expected to be lowered Q4 guidance (here) and one for …
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Prior to YUM’s Q4 results in early February we legged into a put spread expressing the view that continued weakness in China would cause the company to lower forward guidance. The results, while mixed, did …
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