Can the market start to bottom and move higher when there is so much fear? #VIX #EAVOL https://t.co/H3ZzzIviOG — Brian Stutland (@BrianStutland) Sep 15, 2022 Source: @BrianStutland September 15, 2022 at 07:24AM More info Your Website/Page Anchor Text Here
Why oil is repeating a pattern from the crash in 2008! What it means for stocks! #EAVOL #VIX #SPY https://t.co/pzacS9Gc5r — Brian Stutland (@BrianStutland) Jul 15, 2022 Source: @BrianStutland July 14, 2022 at 08:41PM More info Your Website/Page Anchor Text Here
Yesterday JC Penny reported what some are calling “The Worst Quarter in the History of Retail.” The company reported a quarterly loss of $2.51 per shares and that revenue dropped 24.8%. Revenue at stores open for at least a year fell 31.7% and customer traffic dropped 17% last quarter following a 10% decrease in third quarter. Not surprisingly these dismal numbers spurred option traders to make some large bearish bets on the stock. The biggest was the purchase of 30,000 May 16 puts for $1.57 with the stock at 17.50. This trade will be profitable if JCP is below 14.43, 17.5% lower, by May expiration. One of the biggest concerns investors should have in JC Penny’s cash supply. In November they told investors that they would end the year with $1 billion in cash, but ended up with only $930 million. Wednesday they then told investors that they had delayed $85 million in payments to their suppliers until the early part of the first quarter. This is another red flag that the company is run...
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