Unusual Options Activity Tue 8/8/23

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:

• DELL Aug 56 calls are seeing interest with the underlying stock up 6% (volume: 2300, open int: 30, implied vol: ~43%, prev day implied vol: 25%). Co is confirmed to report earnings August 31 after the close.
• CHPT Aug 8 calls (volume: 17.2K, open int: 1850, implied vol: ~84%, prev day implied vol: 69%). 15K traded in a single transaction. Co is expected to report earnings late August.
• PBI Oct 4 calls (volume: 1510, open int: 10, implied vol: ~52%, prev day implied vol: 46%). 1500 contracts traded in a single transaction. Co is expected to report earnings early November.
  

Bearish Put Activity:

• M Aug 15.5 puts (volume: 5040, open int: 170, implied vol: ~50%, prev day implied vol: 43%). Co is confirmed to report earnings August 22 before the open.
• SMG Aug 60 puts (volume: 3210, open int: 1820, implied vol: ~25%, prev day implied vol: 22%). Co is expected to report earnings early November.
  
  

Sentiment: The CBOE Put/Call ratio is currently: 1.03, VIX: (17.44, +1.67, +10.6%).
August 18 is options expiration -- the last day to trade August equity options.

This week's biggest % winners & losers : April 29 - May 3, 19 (wk 18)

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: ANIK (39.22 +18.35%)
• Materials: MERC (17.40 +25.09%)
• Industrials: ENPH (13.83 +32.6%), MAXR (6.51 +32.59%), BE (15.26 +24.07%), GDI (34.7 +23.71%), ACA (37.43 +21.29%), BLDR (16.79 +20.44%), GLDD (11.24 +18.69%)
• Information Technology: PI (29.64 +38.38%), BRKS (39.08 +23.44%), UCTT (14.49 +19.46%), SHOP (264.03 +18.78%)
• Financials: GSHD (34.94 +27.8%), QD (8.17 +26.86%)
• Energy: ROAN (5.49 +31.03%)
• Consumer Staples: TPB (52.19 +26.22%)

This week's top % losers

• Healthcare: HRTX (17.00 -29.66%), STAA (25.00 -23.9%)
• Materials: EGO (3.42 -20.65%)
• Industrials: FLR (29.32 -26.22%), PBI (5.72 -19.89%), TPIC (25.34 -18.1%)
• Consumer Discretionary: NEW (7.31 -35.14%)
• Information Technology: CASA (7.4 -24.49%), EIGI (5.1 -20.06%), CTSH (59.25 -19.24%)
• Energy: REGI (17.88 -24.46%), CVIA (4.23 -20.49%), DO (9.25 -19.14%), SPN (3.36 -17.04%), MDR (7.96 -16.91%), CNX (8.76 -16.49%)
• Consumer Staples: MGPI (72.54 -17.18%)

Pitney Bowes (PBI) reported earnings on Wed 1 May 2019 (b/o)

** charts after earnings **

 

Pitney Bowes misses by $0.09, reports revs in-line; guides FY19 EPS below consensus

• Reports Q1 (Mar) earnings of $0.12 per share, excluding non-recurring items, $0.09 worse than the S&P Capital IQ Consensus of $0.21; revenues fell 3.1% year/year to $868.4 mln vs the $866.04 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY19, sees EPS of $0.90-1.05, excluding non-recurring items, vs. $1.11 S&P Capital IQ Consensus. Revenue, on a constant currency (CC) basis, to be in the range of 1 percent to 3 percent growth when compared to 2018 vs. prior guidance of 1 percent to 4 percent growth.
  • Free cash flow to be in the range of $200 million to $250 million vs. prior guidance of $225 million to $275 million. Free cash flow guidance includes the funding of third party financing initiatives.

Earnings this week : April 29 - May 3, 2019 (wk 18)

Japan's Nikkei will be closed throughout the week (six sessions) for Golden Week, which will be highlighted by the start of an imperial transition.

Monday (April 29)

• Afternoon: AKS APTS ARE BRKS BRX CACC CGNX CHE CHGG CLR CNI CNO CR ELVT EPR EQC ETH GHL GOOG HLIT HTLF INST JBT JJSF KAI LEG LNTH LOGI MEDP MGM MKSI MOH MUSA NBIX NXPI OGS OII OMF PCH PI RGA RIG SANM SBAC SSB SSD SXI TBI THC TNET TRTX TXRH VRNS WDC WRI WWD YUMC

Tuesday (April 30)

• Morning: AMRC AOS APRN ARCC ARNC AROC BHGE LSE:BP. CCEP CDK CEQP CHTR CMI CNX CNXM COP CRI CRTO CVLT DBD EAT ECA ECL EEFT EIGI EME EQM ETM ETN EXLS FDC FDP FIS FLWS GDI GE GEO GLDD GLT GLW GM GWR HCA HMST HUBB HUN I INCY IPGP IPHS IR KKR LDOS LH LL LLY LOVE LPT MA MCD MCRN MDSO MGP MLM MRK NEO NLSN NYCB OSK PCAR PFE PSX PSXP R RFP SABR SC SCL SF SHOP SMP SPG STX TECH THRM TNC TRS TRTN TTS VIVO WCG WDR WELL WH WRK ZBRA
• Tuesday: AAPL ACGL ACHC ADSW AKAM AMD AMED AMGN APAM ARLO ASH ATR AX BFAM BLKB BVN BXP CAI CAMP CB CBL CENX CHRW CMP COHR CRY CWST CXO CYH DENN DVN EIX ENLC ENPH EQR EXAS EXR FEYE FICO FISV FLEX FOE FTR GNW GRPN HCSG HUBG HURN HVT HY IPHI JKHY KBR LDL LKSD LSCC MC MDC MDLZ MDU MGRC MRCY MSTR MX MXIM NANO NATI NBR NEXA NUS OFC OKE OLN OSIS PAYC QTS QUAD REXR ROG RPAI RRD RRR SOI SSNC STAG SYX TCO TDOC TENB TEX TNDM TWLO UDR UNM USNA VNOM VRSK VRTX WES WIRE WNC ZEN

Wednesday (May 1)

• Morning: AAWW ADP AER ALNY AMCX AME AMRN ASC BDC BKI BMCH BTU CCJ CDW CG CIM CLH CLX CME CSTE CVS DIN DOC EAF EL ENBL EPD ESI ETR EXTR FTS GCI GIB GRMN HEP HLT HRS HUM IDXX IIVI IQV JCI KFRC LFUS LIVN LLL LXRX MGPI MMP MTOR NI NNN NRZ NSIT NVMI ORBC PBF PBFX PBI PNW RCL RDN RDWR SAIA SBH SEE SFS SITE SLCA SMG SO SPR SR ST STRA SXT TAP TKR TMHC TPB TRVG UFS UTHR WD WLTW WYND YUM

• Afternoon: ACAD AEGN AEL AFG AGI ALL AM ANSS APA AR AUY AWK AYX BLDP BNFT BWXT CACI CAKE CAR CASA CCRN CDAY CDE CF CHEF CLI CMPR CONE CPS CREE CRUS CSGS CZR DLB DOOR DXCM EB EQIX ES ESV EVTC EXEL EZPW FARO FIT FIVN FORM FOXF GIL H HABT HCC HCP HGV HI HIG HOLX HR HST ICLR INN INOV KAMN KW LMAT LNC LPI LSI MAA MANT MED MET MFC MITK MRO MTDR MXL MYRG NE NGVT NLY NPO NUVA O OI OTEX PDCE PDFS PDM PE PGRE PPC PRAH PRU PS PSA QCOM QLYS RGLD RPT RYI RYN SIGI SM SQ SRI SSW STAY SU SWM THG TRMB TTEK TTMI TUSK TYL VICI VNDA VVV WHD WK WLL WMB WPX WTI XPO ZNGA

Thursday (May 2)

• Morning: AAON ABC ABMD ACCO ACOR AGCO AGIO ALE APO APTV ARES ARW AVA AVP AYR BCE BERY BID BLL BSIG CBM CCOI CHD CI COT CRAI DAN DISC.A DLPH DNKN DNOW DWDP EEX EXC FLR FLOW FMS FSS GEL GNRC GPN HBI HFC HII HPP HRI IBP ICE IDA IDCC INGR IRWD ITGR JHG K KEX KIM LAMR MAC MD MGLN MNTA MPW MSCI MSGN MTRN MUR NEWM NRG NTCT NTLA NVCR OGE ONDK PCRX PEG PENN PGTI PH PPL PRFT PWR RDS.A RLGY SAGE SFM SNDR SPAR SPGI SRC SSYS STAR STFC STNG STOR TEVA TFX THS TOWR TPX TX UAA UNT USPH VMC W WCC WEX WLH WLK WLKP WP XHR XYL YETI ZEUS ZTS
• Afternoon: ACA ACIA AIV ALEX AMH AMKR AMN ANET ANIK AOSL APPF APPN ARCB ATGE ATUS ATVI BAND BGS BKH BL BLDR BRKR BZH CARB CATM CBLK CBPX CBS CC CCS CNXN CPSI CPT CRC CSLT CTSH CUB CYRX DATA DEI EBS ECOL ED EOG EPAY ERI ERII EXPE FLS FND FNKO FRT FSLR FTAI FTNT G GDDY GILD GMED GPOR GSHD HAYN HLF HTGC ICFI KLIC KWR LGND LNT LOCO LPLA LPSN LYV MATW MDRX MELI MERC MNST MPWR MRC MSI MTX MTZ NFG NP NPTN NSA OEC OLED PBA PCTY PLNT PMT PODD POST PTCT PVG RBBN REG RMAX RMD RPD SEM SHAK SHLX SIMO SPXC SRCL SWKS TDC TDS TMST TRUP TS TSE TSLX TTOO UCTT UIS UPLD USM USX VIAV VRAY WAIR WSC WTR WTS WW WYNN X XOG ZIXI

Friday (May 3)

• Morning: AMT ASIX AXL BCPC BIP CBOE D DISH ESNT FCAU GLOG HMSY IMGN ITT KOP NBL NJR NWL OPI ROCK RUTH SGMS TRP TWI VIRT WPC XRAY

Pitney Bowes (PBI) reported earnings on Wed 31 January 2018 (BMO)

** charts after earnings **

 

Pitney Bowes beats by $0.03, reports revs in-line; guides FY18 EPS in-line 

• Reports Q4 (Dec) earnings of $0.40 per share, excluding non-recurring items, $0.03 better than the Capital IQ Consensus of $0.37; revenues rose 18.3% year/year to $1.05 bln vs the $1.04 bln two analyst estimate.
• Co issues in-line guidancefor FY18, sees EPS of $1.40-1.55, excluding non-recurring items, vs. $1.42 Capital IQ Consensus Estimate; sees revenue, on a constant currency basis, to be in the range of 9 percent to 13 percent growth, when compared to 2017.

Pitney Bowes (PBI) reported earnings on Tue 1 Aug 2017 (b/o)

** charts after earnings **

 

Pitney Bowes misses by $0.03, reports revs in-line; guides FY17 EPS in-line:

• Reports Q2 (Jun) earnings of $0.33 per share, excluding non-recurring items, $0.03 worse than the Capital IQ Consensus of $0.36; revenues fell 1.7% year/year to $821.4 mln vs the $822.9 mln Capital IQ Consensus.
• Co issues narrows guidance for FY17, sees EPS of $1.70-1.78 from $1.70-1.85 vs. $1.74 Capital IQ Consensus Estimate.
• Revenue, on a constant currency basis, to be in the range of flat to 1 percent growth, when compared to 2016. This has been updated from the original range of a 2 percent decline to 1 percent growth. Free cash flow to be in the range of $400 million to $430 million. This has been updated from the original range of $400 million to $460 million.

This week's biggest % winners & losers : Jan 30 - Feb 3, 17 (wk 5)

The following are this week's top 20 percentage gainers and top 20 percentage losers, categorized by sectors (over $300 mln market cap and 100K average daily volume).

This week's top 20 % gainers

• Healthcare:MDCO (45.96 +31.62%),MNTA (19.3 +27.39%),CARA (16.65 +19.96%),EPZM (12.1 +19.21%),TRVN (7.72 +17.15%),IDXX (142.02 +16.74%),ATRS (2.25 +15.98%),DPLO (15.26 +15.61%)
• Materials:RIC (9.3 +24.83%),OLN (30.83 +15.51%)
• Information Technology:CARB (20.4 +22.52%),BRKS (20.75 +17.43%),FTNT (37.72 +15.07%),DATA (55.28 +14.83%),AMD (12.24 +14.71%)
• Financials:ALLY (22.71 +15.22%)
• Energy:OKS (54.4 +23.08%),DHT (4.91 +14.99%)
• Consumer Staples:MJN (84.08 +18.02%)
• Telecommunication Services:TEO (22.7 +18.85%)

This week's top 20 % losers

• Healthcare:ACET (15.67 -19.81%)
• Materials:NGD (2.91 -26.52%),RYAM (13.78 -19.56%)
• Industrials:RRTS (6.96 -40.72%),SSW (7.52 -25.62%),PBI (13.18 -16.95%),AVH (7.26 -16.93%)
• Consumer Discretionary:TPX (43.49 -31.18%),UAA (20.7 -28.94%),UA (18.19 -28.72%),DECK (46.62 -20.58%),HBI (18.98 -17.05%),SFLY (44.09 -16.16%)
• Information Technology:CCRC (12.5 -34.28%),CSGS (40.39 -17.97%)
• Financials:TBBK (5.18 -29.23%),OPB (21.05 -22.75%)
• Energy:SDRL (1.85 -35.31%),CCJ (10.67 -17.8%)
• Consumer Staples:RAD (5.27 -23.95%)

Pitney Bowes (PBI) reported earnings on Wed 1 Feb 2017 (BMO)

 

Pitney Bowes (PBI) reported earnings on Tue 2 Aug 2016 (b/o)

** charts after earnings **

 

Pitney Bowes reports EPS in-line, misses on revs; guides FY16 EPS in-line, revs in-line :

• Reports Q2 (Jun) earnings of $0.39 per share, in-line with the Capital IQ Consensus of $0.39; revs -5.1% to $836 mln vs $851.8 mln consensus.
• Co issues in-line guidance for FY16, sees EPS of $1.75-1.82 vs. $1.78 Capital IQ Consensus Estimate; sees FY16 revs -3% to +1% or roughly of $3.47-3.6 bln vs. $3.47 bln Capital IQ Consensus Estimate.

Great trade : Pitney Bowes (PBI) +20% (1/14)

 

** daily **

Fourth-quarter revenue was up 2% to $1.0 billion and net income dropped 18% to $90.1 million, or $0.44 per share on an adjusted basis. Results were only in line with expectations, but it's the first sales growth the company has had in six years so that's why investors got so excited today.

The digital commerce solutions business grew 17% last quarter and that's the big bright spot for investors to point to. It gave management enough confidence to predict earnings from continued operations of $1.75-$1.90 per share next year, compared to an expectation of $1.82 from Wall Street.