Monday, CTB and PCLN are set to report earnings.
CTB: Quarterly Earnings and estimates of $.39 and Quarterly Revenue of $1B. CTB has a new management team and provide a lot of aftermarket tires. Is a USW deal close?
PCLN: Quarterly Earnings and estimates of $5.02 and Quarterly Revenue of $967M. Is it time to lock in profits? PCLN might give negative forward guidance because of high gas prices. PCLN has been in a 5 point trading range all day.
UNUSUAL OPTIONS ACTION:
We have seen a Customer buy 16,900 IVN Mar 20 Calls for $.25. This is 7.6x usual trading volume. This Could be a closing trade because open interest is only 25,000.
A Customer bought 10,000 AA Mar 11 Calls for $.12.
Also, we have seen a customer buy 10,800 Jun 3.5 Puts for $1.05.
By Greg Zimny