I watch 2,000 trades in a day and today paper bought 1435 KRE May 32
Calls for $.28. Paper is just an order from a hedge fund, mutual
fund, retail bank, or big trader.
So, my trade is buying the KRE May 31 Calls for $.66
Trade: Buying the KRE May 31 Calls for $.66
Risk: $66 per 1 lot
Reward: Unlimited
Breakeven: $31.66
Greeks of the Trade:
Delta: Long
Gamma: Long
Theta: Short
Vega: Long
—
Andrew Keene
President/Founder
Andrew@KeeneOnTheMarket.com
Economists are skeptical of the near term success of Prime Minister Abe and the Central Bank of Japan’s plan to turn around Japan’s economic growth. The bank has already been implementing a stimulus program buying bonds since January and with downward pressure on Japanese wages could make their 2% inflation target an up-hill battle.
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Brandon Carnovale
Guest Contributor
carnovab@my.canisius.edu
Technically speaking, short-term momentum has been impressive as measured by the 50 DMA. This week formed some interesting candle patterns too. The candle on Monday and Tuesday formed hanging men, but today’s action is violating the wick of these formations…supporting a bearish thesis.
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Author
salerno.mark.a@gmail.com
Paper bought 757 BWA Oct 70 Puts for $3.70 (2.9 times usual volume) when stock was trading $75.91
Paper bought 701 RBY April 2.5 Puts for $.30 (5.7 times usual volume) when stock was trading $2.30
Paper bought 20,000 MTL May 5 Puts for $.65 (6.6 times usual volume) when stock was trading $4.68
Paper bought 1000 MOLX April 30 Puts for $1.20 (28 times usual volume) when stock was trading $29.11
Paper bought 13,639 FNP April 18 Puts for $.50 (28.8 times usual volume) when stock was trading $18.82
Paper bought 4508 EXEL May 6 Calls for $.05 (26.8 times usual volume) when stock was trading $4.57
Paper bought 1800 RSG Oct 35 Calls for $.79 (10.2 times usual volume) when stock was trading $32.81
Paper bought 1852 ALKS Aug 23 Calls for $2.50 (4.0 times usual volume) when stock was trading $23.69
Paper bought 5428 GNRC May 40 Calls for $.65 (14.9 times usual volume) when stock was trading $35.74
Paper bought 1000 PAL June 2 Calls for $.39 (3.8 times usual volume) when stock was trading $1.63
Paper bought 1690 GM May 29 Calls for $.59 when stock was trading $27.80
Paper bought 2500 OKE Oct 52.5 Calls for $1.40 when stock was trading $48.65
Paper bought 5301 BYD May 9 Calls for $.40 (4.7 times usual volume) when stock was trading $8.28
Paper bought 13,639 FNP April 18 Puts for $.50 (28.8 times usual volume) when stock was trading $18.82
Paper bought 2500 DNDN Aug 6 Calls and sold Aug 4 Puts for $.01 debit when stock was trading $4.86
Unfortunately Juicy Couture is doing even worse than Lucky. It posted a 5.5% decline in revenue last quarter with flat sales despite numerous attempts to turn sales around by management. Just as bad, Fifth and Pacific attempted to reduce costs last year by hiring third-part distributors instead of company-owned distributors, but was forced to reverse course after complications with logistics and software.
Today, paper bought 13,629 FNP April 18 Puts for $.50. This was 17.6 times usual volume when the stock at $18.80. The chart looks bullish, and these are bought for 1 of two reasons. The trader that bought these Puts is buying $681,450 worth of Puts. Paper is just an order from a hedge fund, mutual fund, retail bank, or big trader. Puts are bought as Speculation to the downside, if this is true.
The Trade: Buying FNP April 18 Puts for $.50
Risk: $50 per 1 lot
Reward: $1750 per 1 lot
Breakeven: $17.50
If the Trade is bought as Insurance against a LONG Stock position at $18.80:
Risk: $130 per 1 lot
Reward: Unlimited
Breakeven: $19.30
—
Andrew Keene
President/Founder