Unusual Options Activity, Fri 6/9/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• NEXT Jun 7.5 calls (volume: 2700, open int: 10, implied vol: ~282%, prev day implied vol: 189%). 2500 contracts traded in a single transaction. Co is expected to report earnings late July.
• SPCE Jun 4 calls (volume: 2510, open int: 1920, implied vol: ~171%, prev day implied vol: 98%). Co is expected to report earnings early August.
• GM Jun 38 calls (volume: 29.9K, open int: 30, implied vol: ~105%, prev day implied vol: 40%). Co announces collaboration with Tesla to integrate the North American Charging Standard connector design into its EVs starting in 2025. Co is scheduled to present at two conferences next week. Co is confirmed to report earnings July 25 before the open.
• FTCH Jun 6 calls are seeing interest with the underlying stock up 7% (volume: 21.2K, open int: 3.6K, implied vol: ~87%, prev day implied vol: 83%). 2200 contracts traded in a single transaction. Co is expected to report earnings mid-August.
  

Bearish Put Activity:

• VanEck Semiconductor ETF (SMH) Jun 105 puts (volume: 28.0K, open int: 0, implied vol: ~115%, prev day implied vol: 103%).
  

Sentiment: The CBOE Put/Call ratio is currently: 0.87, VIX: (13.88, +0.23, +1.7%).
June 16 is options expiration -- the last day to trade June equity options.

Unusual Options Activity, Thur 5/18/23

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• MVIS May 3.5 calls are seeing interest with the underlying stock up 6% (volume: 4310, open int: 500, implied vol: ~159%, prev day implied vol: 78%). Co is expected to report earnings early June.
• EQT May 35 calls are seeing interest with the underlying stock up 4% (volume: 1860, open int: 260, implied vol: ~58%, prev day implied vol: 45%). Co is expected to report earnings late July.
• LAZR May 7 calls are seeing interest with the underlying stock up 4% (volume: 15.3K, open int: 2000, implied vol: ~80%, prev day implied vol: 78%). The stock is extending this week's gains after Chairperson, President & CEO disclosed the purchase of another 1,475,685 worth nearly $8.9 mln. Co is expected to report earnings early August.
  

Bearish Put Activity:

• NIO May 8.5 puts (volume: 8290, open int: 5770, implied vol: ~65%, prev day implied vol: 58%). Co is confirmed to report earnings June 9 before the open.
  
• FTCH Jun 4 puts are seeing interest ahead of earnings tonight after the close (volume: 2120, open int: 10, implied vol: ~97%, prev day implied vol: 92%). 2K traded in a single transaction.

Sentiment: The CBOE Put/Call ratio is currently: 0.94, VIX: (16.79, -0.08, -0.5%).

Unusual Options Activity

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• FTCH Apr 4.5 calls (volume: 8030, open int: 750, implied vol: ~128%, prev day implied vol: 90%). 2650 contracts traded in a single transaction. Co is expected to report earnings late May.
• DBRG Jan24 15 calls (volume: 22.8K, open int: 0, implied vol: ~63%, prev day implied vol: 56%). 4580 contracts traded in a single transaction. Co is scheduled to present at a Datacloud Global Congress on April 25. Co is confirmed to report earnings May 3 before the open.
• SABR Oct 5 calls (volume: 7000, open int: 0, implied vol: ~65%, prev day implied vol: 60%). Co is expected to report earnings early May.
  

Bearish Put Activity:

• LCID Apr 7.5 puts are seeing interest with the underlying stock down 6% (volume: 8120, open int: 400, implied vol: ~154%, prev day implied vol: 91%). Co says it produced 2,314 vehicles during Q1 at its manufacturing facility in Arizona and delivered 1,406 vehicles during the same period. Co is confirmed to report earnings May 8 after the close.
• CHWY Apr 34 puts (volume: 2260, open int: 220, implied vol: ~71%, prev day implied vol: 58%). Co is expected to report earnings early May,
  

Sentiment: The CBOE Put/Call ratio is currently: 0.92, VIX: (17.88, +0.08, +0.5%).
April 21 is options expiration -- the last day to trade April equity options.

This week's biggest % winners & losers : Nov 11 - 15, 19 (wk 46)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top % gainers

• Healthcare: CLVS (6.38 +77.96%), AMRN (24.02 +43.23%), COLL (18.12 +40.97%), SGRY (11.77 +35.6%), QGEN (40.56 +32.59%), DXCM (208.37 +32.47%), EPZM (15.36 +29.62%)
• Industrials: BE (6.53 +95.51%), TGI (28.49 +29.79%), MAXR (11.5 +28.49%)
• Consumer Discretionary: LK (27.02  +45.58%), ROKU (157.30  +29.00%), IGT (15.59 +15.06%), DDS (76.87  +10.59%),  FTCH (9.67 +7.44%)
• Information Technology: LASR (20.62 +46.24%), SYNA (60.37 +34.04%), COMM (14.95 +32.18%), DXC (37.23 +31.23%), CARB (22.95 +28.86%), DDOG (40.63  +23.83%), PING (19.24  +13.11)
• Financials: TRUP (32.35 +36.21%), LTS (3.48 +32.82%)
• Energy:  TNK (2.39  +26.46%)

This week's top % losers

• Healthcare: ANAB (11.1 -71.29%)
• Industrials: AFI (3.73 -41.26%), NSP (72.9 -32.29%)
• Consumer Discretionary: PRTY (1.89 -66.61%), MOD (7.54 -34.94%), EXPE (95.67 -30.57%), SDC (8.60  -25.80%)
• Information Technology: RBBN (2.75 -38.82%), PLT (26.22 -35.39%), IIVI (29.44  -17.67%)
• Energy: EXTN (7.56 -41.89%), GLOG (9.64 -31.58%)

Farfetch (FTCH) reported earnings on Thur 14 Nov 19 (a/h)

** charts before earnings **

 

** charts after earnings **

Farfetch beats by $0.02, beats on revs

Reports Q3 (Sep) loss of $0.18 per share, $0.02 better than the S&P Capital IQ Consensus of ($0.20); revenues rose 93.3% year/year to $255.5 mln vs the $248.31 mln S&P Capital IQ Consensus.

Gross Merchandise Value (GMV) increased by $182.0 mln from $310.0 mln in 3Q18 to $492.0 mln in 3Q19, representing year-over-year growth of 58.7%.

Digital platform GMV increased to $420.7 mln from $305.9 mln.

Gross margin decreased to 45.1% form 50.1%.

Adjusted EBITDA loss increased by $3.3 mln, or 10.3%, yr/yr in 3Q19, to $35.6 mln. Adjusted EBITDA Margin improved from (28.7)% to (15.6)% over the same period.

Q4 Guidance: Co sees digital platform GMV growth of 30-35%, brand platform GMV of $80-$90 mln, and Adjusted EBITDA loss of ($31)-($21) mln.

Farfetch (FTCH) reported earnings on Thur 8 Aug 2019 (a/h)

** charts before earnings **

 

** charts after earnings **

Farfetch beats by $0.02, beats on revs

Reports Q2 (Jun) loss of $0.15 per share, $0.02 better thanthe S&P Capital IQ Consensus of ($0.17); revenues rose 42.7% year/year to $209.3 mln vs the $196.51 mln S&P Capital IQ Consensus.

Gross Merchandise Value increased by $149.9 million from $338.5 million in second quarter 2018 to $488.5 million in second quarter 2019, representing year-over-year growth of 44.3%.

Farfetch also agrees to acquire 100% of the shares of New Guards Group for a total enterprise value of $675 mln

• New Guards Group is a brand platform for luxury brands' design, production, and distribution. The acquisition of New Guards augments Farfetch's strategy to be the global technology platform for luxury fashion, empowering individuality, and connecting creators, curators and consumers. The New Guards portfolio delivered revenue for the 12 months ending April 30 2019 of $345 mln, with profits before tax of $95 mln in the same period.
• Farfetch will purchase 100% of the shares of New Guards for a Total Enterprise Value of $675 mln. The consideration payable by Farfetch will be split equally between cash and Farfetch shares, with the exact amounts to be determined at completion following customary adjustments. The transaction is expected to close in the third quarter of 2019.
• The company plans to fund the cash portion of the purchase price consideration with cash on hand. In connection with the acquisition, and to ensure adequate financial flexibility and liquidity going forward, Farfetch has entered into a commitment letter with J.P. Morgan Securities plc for a 300 mln senior secured loan facility for up to 12 months

Farfetch (FTCH) reported earnings on Wed 15 May 2019 (a/h)

** charts after earnings **

 

Farfetch misses by $0.07, beats on revs; GMV increases 43% yr/yr; Guides for Q2 and FY19 GMV and EBITDA

• Reports Q1 (Mar) loss of $0.22 per share, excluding non-recurring items, $0.07 worse than the S&P Capital IQ Consensus of ($0.15); revenues rose 38.6% year/year to $174.06 mln vs the $171.06 mln S&P Capital IQ Consensus.
• Gross Merchandise Value increased by $126.6 million from $292.7 million to $419.3 million in first quarter 2019, representing year-over-year growth of 43.2%.
• Adjusted EBITDA loss increased by $6.6 million, or 27.8%, year-over-year in first quarter 2019, to $30.2 million. Adjusted EBITDA Margin improved from (22.9%) to (20.7%) over the same period, primarily due to the impact of adopting IFRS 16 in first quarter 2019, as described above.
• Outlook
• For second quarter 2019, Platform GMV is expected to grow approximately 40% - 42% year-over-year, and Adjusted EBITDA Margin is expected to be approximately (19%) - (21%).
• For full year 2019, Platform GMV is expected to grow approximately 41%, and Adjusted EBITDA Margin is expected to be approximately (16%) -- (17%).

Earnings this week : May 13 - 17, 2019 (wk 20)

 

Monday (May 13)

• Premarket: CPRX    

• After-Hours:  BILI HOLI IIIV IMMR KRNT LM MIME NVGS STE STNE TME TTWO

Tuesday (May 14)

• Premarket:  AZZ BEST CTST CYBR GDS HUD MIXT RL TAK

• After hours:  A ACB DOX EGHT FSM NEWR PAGS TCS TLRY

Wednesday (May 15)

• Premarket:  BABA ERJ M PLCE PPDF RUBY TSEM TSG
• After hours:  CSCO DDS FLO FTCH JACK NTES TRQ VRTU ZTO

Thursday (May 16)

• Premarket:  AZZ EXP FRO KEM MANU MMYT NICE QIWI WIX WMT

• After hours:  BOOT AINV AMAT NVDA BIDU IQ HUYA PINS

Friday (May 17)

• Premarket:  CAE DE LX
• After hours:  

This week's biggest % winners & losers : Feb. 25 - March 1, 19 (wk 9)

The following are this week's top percentage gainers and losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare: ONCE (113.28 +119.71%), TGTX (7.21 +51.15%), PBYI (38.93 +45.91%), TNDM (69.24 +43.29%), QURE (57.31 +37.76%), HZNP (28.18 +32.92%), GH (70.59 +30.41%), BOLD (34.16 +30.03%), APLS (18.31 +28.76%), SLDB (11.35 +26.67%), CRSP (39.97 +26.21%), NTLA (16.92 +24.96%), LXRX (6.81 +23.59%), XRAY (49.13  +18.02%)
• Industrials: HSII (43.27 +27.98%), SNHY (49.53 +27.85%)
• Information Technology: ZS  (60.57  +21.68%)
• Consumer Discretionary: FTCH (28.82 +42.67%), ETSY (72.77 +28.41%), JCP (1.54 +25.2%), GPS (29.51  +19.18%)

This week's top 20 % losers

• Healthcare: NVAX (0.7 -63.41%), IMGN (2.51 -56.2%), CTMX (10.98 -38.97%), CRBP (6.3 -26.57%), INGN (106.97 -25.37%), SYNH (43.41 -22.06%), MEDP (54.74 -21.78%)
• Industrials: NCI (20.06 -25.62%), DY (46.87 -25.43%)
• Information Technology: NTNX (33.7 -36.51%), BNFT (46.04 -23.27%)
• Financials: UVE (32.8 -18.99%), HIIQ (37.21 -18.56%)
• Energy: ALTM (5.57 -31.74%), CDEV (9.27 -26.14%), SMLP (10.41 -18.93%)
• Consumer Staples: ELF (7.95 -19.29%)

Farfetch (FTCH) reported earnings on Thur 28 Feb 19 (a/h)

Farfetch is an online luxury fashion retail platform that sells products from over 700 boutiques and brands from around the world.

• Headquarters: London, United Kingdom
• Founder: José Neves
• Founded: June 2007
• Number of employees: 3,000
• farfetch.com

** charts after earnings **

LONDON--(BUSINESS WIRE)--

• Generated Record Gross Merchandise Value of $1.4 Billion in 2018 and $466 Million in Q4 2018
• Continued to Capture Share in Online Personal Luxury Goods Market with Platform GMV Up 56% in 2018 – Growing More Than Twice as Fast as the Overall Online Industry – and Up 51% in Q4 2018
• Q4 2018 Revenue Grew 55% with Platform Services Revenue Up 68% in Q4 2018
• Active Consumers Up 45% and Number of Orders Increased 58% in Q4 2018
• Expands Partnership with JD.com to Complete Its "Premier Gateway to China" for Luxury Brands
• Farfetch Limited (FTCH), the leading global technology platform for the luxury fashion industry, today reported financial results for the fourth quarter and full year ended December 31, 2018.

“By all measures, 2018 was a blockbuster year for Farfetch,” said José Neves, Farfetch Founder, CEO and Co-Chair. "We continued to lead the online personal luxury goods market, growing GMV 55% for the year – more than twice as fast as the industry."

China's JD.com teams up with Farfetch to attract luxury shoppers

PARIS (Reuters) - Chinese e-commerce company JD.com is folding its high-end Toplife venture into fashion retailer Farfetch's business in China, hoping to expand in the luxury goods market where it is vying with Alibaba to attract shoppers.

The companies, already partners in areas such as logistics, said on Thursday that Toplife - which has brands like Kering's Saint Laurent and Balenciaga on its platform - would merge into Farfetch China.

The deal raises the stakes in a battle to corner China's burgeoning online luxury goods world, where Alibaba has already teamed up with Cartier-owner Richemont and its Yoox Net-A-Porter online retailer to create new applications.

Chinese consumers make up a third of luxury goods purchases worldwide, and more of that spending is shifting away from European shopping capitals to mainland China, and onto the Internet.

Foreign brands have struggled to crack China's fast-moving online world alone, which has pushed them to try out partnerships with local players.

Chinese e-commerce firms, meanwhile, lack the luxury expertise of the likes of Farfetch, which was launched over 10 years ago, and are experimenting with different formats to reach shoppers.

JD.com, China's second biggest e-commerce company, set up Toplife in mid-2017, touting it as a standalone platform separate from its mass-market site, and where luxury brands had control over their own online stores.

Alibaba has a similar venture called Luxury Pavilion, aimed at giving labels like Italy's Valentino a more exclusive space than on its mainstream TMall platform.

JD.com did not say what would happen to luxury brands' "shop-in-shops" that currently appear on Toplife, which will no longer exist as such.

Farfetch is London-based but listed its shares in New York last year. The company, already present in China, counts JD.com as one of its biggest shareholders.

It will now be accessible via JD.com's mobile application, potentially giving it access to the Chinese platform's 300 million customers.

Rather than hold inventory like some online fashion retailers, Farfetch connects buyers with high-end boutiques around the world.