Defense SHLD
Earnings out in SHLD.
Pretty boring looking volatility chart, as options have essentially not moved in 3 month’s.
But remember, every other option in America got plowed, so what looks flat actually contains a bit of bid up as SHLD options held steady in the face of sinking volatility in the stock itself and ugly options action around the floor.
The typical option now sits at about 6-9 month lows, which translated to SHLD takes it down to about a 40 volatility or so. Which translates to the market pricing in a move today of about 8-10%.
As I type, SHLD is down 4.7%, so yet another dissappointment in volatility terms in a season filled with them.
May 29th, 2008 at 10:56 am
I remember Cramer pounding the table @$175-190.
May 29th, 2008 at 11:55 am
I’m sure he conveniently forgot though.
May 29th, 2008 at 12:02 pm
Has he ever mentioned LULU since he was pounding his fist to buy it? I never watch his show.
May 29th, 2008 at 12:07 pm
I never watch either. But you can say with 100% certainty that if something he likes goes bad, he will not dredge it back up.
May 29th, 2008 at 12:11 pm
I mention LULU, partly because my wife likes the way the clothes look (she’s always up on the trends) and partly because the Fly’s wife owns (or owned?) the stock.
My wife says I should buy it, even though she knows nothing about the market.
May 29th, 2008 at 12:20 pm
been there, lol. I stayed long CROX based on the fact that my son, and every other kid under like age 8, wears them. Worked well for a while then got stopped out on one of the bashings for a mediocre round trip.
May 29th, 2008 at 3:44 pm
Alphadawg,
If your wife’s instincts are good then it might be worth a look. If Yahoo’s short interest numbers are correct then that stock could rip higher BIG TIME. Yahoo has the short interest at 56% of the float which equates to over 7 days of average volume. If oil goes lower and the street thinks people might start to spend then it could do well. Then again, what the hell do I know?
May 29th, 2008 at 3:52 pm
At the urging of my wife, comments by The Fox, and to a lesser extent, Jimbo Cramer’s past table-pounding rant,…I bought 500sh LULU (@ 33.55).
I hope every woman (and gay man) in America takes up yoga.
May 29th, 2008 at 4:03 pm
Best of luck.
….and Double down with some Under Armour!
May 29th, 2008 at 4:10 pm
I wear UA stuff when I work out. I don’t own the stock though. Maybe I should look at it, since it’s consolidating in this range.
I bought NKE yesterday at 67.06. Woody highlighted NLS in one of his previous posts. It’s up and breaking out.
Maybe there’s a theme developing here. People have nothing better to do during the recession, so they might as well work out.
May 29th, 2008 at 4:23 pm
they need a biking line, then UA becomes both a workout and transportation play, lol.
May 29th, 2008 at 4:38 pm
I saw in a Cabela’s catalogue where they had camo UA wear.
What hunter in his right mind is going to run around in the woods looking like he came out of a yoga class? (no offense to gay hunters)
May 29th, 2008 at 7:36 pm
lmao,