Unusual Options Activity Fri 11/24/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• VNOM Dec 32 calls are seeing interest with 2000 contracts trading vs. open int of 30, pushing implied vol up around 4 points to ~29%. Co is expected to report earnings late February
• HD Dec 315 calls are seeing interest with 5570 contracts trading vs. open int of 200, pushing implied vol up around 1 points to ~15%. Co is confirmed to report earnings February 20 before the open.
  

Puts:

• HUT Dec 3 puts are seeing interest with 4040 contracts trading vs. open int of 500, pushing implied vol up around 26 points to ~197%. Co is expected to report earnings late February.
• ANF Dec 73 puts are seeing interest with 2110 contracts trading vs. open int of 70, pushing implied vol up around 3 points to ~44%. Co is expected to report earnings early March.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.94, VIX: (12.90, +0.10, +0.8%).
December 15 is options expiration -- the last day to trade December equity options.

-==Home Depot (HD) reported earnings on Tue 19 Nov 2019 (b/o)

Home Depot reports EPS in-line, misses on revs; reaffirms FY20 EPS guidance, lowers FY20 comp guidance 

Reports Q3 (Oct) earnings of $2.53 per share, in-line with the S&P Capital IQ Consensus of $2.53; revenues rose 3.5% year/year to $27.22 bln vs the $27.51 bln S&P Capital IQ Consensus.

Co issues guidance for FY20, sees EPS of $10.03 vs. $10.13 S&P Capital IQ Consensus; sees FY20 revs of +1.8% yr/yr to ~$110.2 bln vs. $110.76 bln S&P Capital IQ Consensus. Co also sees comp sales for the comparable 52-week period to increase ~3.5%. This compares to the Company's prior fiscal 2019 sales growth guidance of 2.3% and comp sales growth of 4.0%.

Earnings this week : Nov 18 - 22, 19 (wk 47)

Monday (Nov 18)

• Morning: CCMP LX MANU QD
• Afternoon: CRMT ASH BILI KRNT WWD ZTO

Tuesday (Nov 19)

• Morning: WUBA ARMK DAVA PPDF HD JKS KSS MMS MDT NJR TJX TDG
• Afternoon: ESE PAGS URBN

Wednesday (Nov 20)

• Morning: AVYA LOW PDD QIWI SR TGT
• Afternoon: CPRT CUB GTBIF JACK LB LZB NTES NUAN SQM SONO

Thursday (Nov 21)

• Morning: ASYS PLAN BZUN BERY BJ BRC BV AQUA HMLP M SDRL SFL
• Afternoon: BRBR ENTA GPS IIIV INTU MATW JWN OOMA POST PSTG ROST SCVL SPLK WSM

Friday (Nov 22)

• Morning: ATKR BKE FL FUTU HIBB SJM

Notable earnings reports:

• Manchester United (NYSE:MANU) on November 18; 
• Home Depot (HD), TJX Companies (NYSE:TJX) and Urban Outfitters (NASDAQ:URBN) on November 19; 
• L Brands (NYSE:LB), Lowe's (LOW), Jack in the Box (NASDAQ:JACK) and Target (TGT) on November 20; 
• Gap (NYSE:GPS), Macy's (NYSE:M), Splunk (NASDAQ:SPLK), Ross Stores (NASDAQ:ROST) and Nordstrom (NYSE:JWN) on November 21; 
• Foot Locker (NYSE:FL) and J.M. Smucker (NYSE:SJM) on November 22.

=Home Depot (HD) reported earnings on Tue 15 Aug 17 (b/o)

Home Depot beats by $0.03, reports revs in-line; raises FY18 guidance; comps +6.3%; sees FY18 comps sales +5.5%(156.26 )

• Reports Q2 (Jul) earnings of $2.25 per share, $0.03 better thanthe Capital IQ Consensus of $2.22; revenues rose 6.2% year/year to $28.11 bln vs the $27.84 bln Capital IQ Consensus.Comparable store sales for the second quarter of fiscal 2017 were positive 6.3 percent, and comp sales for U.S. stores were positive 6.6 percent.
• Co issues raised guidance for FY18, sees EPS of $7.29 from $7.15 vs. $7.24 Capital IQ Consensus Estimate; sees FY18 revs of +5.3% from +4.6% to ~$99.61 bln vs. $99.35 bln Capital IQ Consensus Estimate.Based on its year-to-date performance, the Company updated its fiscal 2017 sales growth guidance and now expects sales will be up approximately 5.3 percent and comp sales will be up approximately 5.5 percent.

=Home Depot (HD) reported earnings on Tue 23 Feb 2016 (before open)

Home Depot beats by $0.07, beats on revs; guides FY17 EPS in-line, revs above consensus; raises dividend, reiterates capital allocation strategy  :

• Reports Q4 (Jan) earnings of $1.17 per share, $0.07 better than the Capital IQ Consensus of $1.10; revenues rose 9.5% year/year to $20.98 bln vs the $20.4 bln Capital IQ Consensus.
• Co issues guidance for FY17, sees EPS of $6.12-6.18 vs. $6.15 Capital IQ Consensus Estimate; sees FY17 revs of ~$93.03-93.83 bln (+5.1-6%) vs. $92.92 bln Capital IQ Consensus Estimate; expects comparable store sales growth of approximately 3.7 to 4.5 percent; expects capital spending of approximately $1.64 billion; expects operating margin rate expansion of approximately 70 basis points
• The company raised its quarterly dividend to $0.69/share from $0.59/share

Home Depot (HD) reported earnings Tue 17 Nov 2015 (before open)

** charts before earnings **

** charts after earnings **

Home Depot beats by $0.04, reports revs in-line; guides FY16 EPS and comps toward high of prior range; Q3 comps +5.1%  :

• Reports Q3 (Oct) adj earnings of $1.36 per share, $0.04 better than the Capital IQ Consensus of $1.32; revenues rose 6.4% year/year to $21.82 bln vs the $21.77 bln Capital IQ Consensus.  Q3 comps were +5.1%, and comp sales for U.S. stores were +7.3%.
• Co issues upside guidance for FY16, sees EPS of $5.36 (prior guidance $5.31-5.36) vs. $5.31 Capital IQ Consensus Estimate; sees FY16 revs of ~5.7% to ~$87.92 bln (Prior guidance $87.5-88.1 bln) vs. $87.73 bln Capital IQ Consensus Estimate. Co sees FY16 comps of +4.9% (prior guidance +4.1-4.9%).