Here is some apparently untied directional options activity that caught my eye in today’s trading: XRT: the S&P retail etf is down about 10% from its August highs, one of the worst performing S&P sectors …
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Last Thursday we took a look at Costco (COST) (MorningWord 9/29/16: COST’$ Cut) into its into their fiscal Q4 results that evening. The stock was clearly oversold into the print, down 13% from its August …
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Earlier today I had some thoughts on Costco (COST) into tonight’s earnings results (MorningWord 9/29/16: COST’$ Cut). The crux of it is becoming painfully obvious, Amazon.com (AMZN) is eating brick and mortar retail’s lunch quarter …
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Costco (COST) will report fiscal Q4 results tonight after the close. The options market is implying about a 3% move tomorrow in either direction. That’s rich to the 4 qtr average one day post earnings …
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Friday’s GDP print of 1.2% for the 2nd quarter places the average for the first half at 1%, which as I highlighted yesterday (here), if not revised higher would be the weakest start to a …
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Retail stocks have been under a ruthless attack with the latest casualties Costco (COST) and Target (TGT) this morning. The Retail sector has been in our sights from the short side since early March. Here was our initial …
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On April 29th we initiated a bearish trade in Walmart (WMT) when the stock was $66.66 targeting its q1 earnings report due tomorrow before the bell. We expressed this view by financing a May regular expiration …
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With retail stocks getting slammed today as result of poor results and guidance from Macy’s (M) I wanted to take the opportunity to update a bearish options trade detail here, and discussed on CNBC’s Options Action this …
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Earlier, we posted an update our existing XRT trader (here), but since I’ll be discussing this trade on CNBC’s Options Action tonight I want to have a separate post isolating the new strikes without the profits …
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While about 70% of S&P 500 companies having reported Q1 earnings, the balance of high profile names yet to report will be heavily dominated by retailers like Costco (COST), The Home Depot (HD), Lowe’s (LOW), …
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