Options Report

You need to be logged in to see this part of the content. Please Login to access.

Options Report

You need to be logged in to see this part of the content. Please Login to access.

Unusual Options Activity

Advanced Auto Parts (AAP)- A rollout from 3,500 May $150 puts ($5.10 credit) into 3,500 June $135/$145 put spreads ($3.90 debit). The May $150 puts were initially bought for $4.00-$4.10 on April 23rd. Earnings are due out on May 21st (shares dropped on the last two reports). The stock is starting to breakdown below the 40-week SMA (200-day SMA).
Bloomin’ Brands (BLMN)- 2,100+ Oct $20 puts were sold for $0.85-$0.90. He/she sees the downside risk being limited to about $2 (already down $4 from the March high). The company reported Q1 US comps at +3.6%, but the light 2015 revenue guidance is weighting on shares today.
Dillard’s (DDS)- The June $110/$125 bear put spread was put on 1,000 times for a $3.15 debit. Earnings are due out on May 14th. The stock has been rolling over in recent weeks, which … Read More »

New All-Time High In Dillard’s, But The Run Isn’t Over Just Yet

Dillard’s (DDS) is one of the United States’ largest fashion apparel, cosmetics, and home furnishings retailers with 297 locations (including 20 clearance outlets) covering 50.5M acres across 29 states. The $5.4B company also has an online presence through dillards.com where they sell everything from handbags and lingerie to men’s dress shirts and home décor. Dillard’s offers well-known brands including: Michael Kors, Coach, Ralph Lauren, Estee Lauder, UGG, Under Armour, and Nike.

On February 23rd, the company reported Q4 EPS of $3.17 vs the Wall Street consensus estimate of $3.18 (earned $2.71 in Q4 of FY14) on revenue of $2.14B vs the $2.10B estimate (5% year over year increase). An important metric among retailers, same-store sales, rose 3% in the quarter compared to estimates of just a 1% gain. Gross margins … Read More »