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November 18, 2009 9:30 EST Related Symbols: ANN
you're watching:
OptionsNews
An ahead-of-the-bell look at the market's biggest stories and a review of unusual options activity. Filled with smart market analysis from the ONN.tv team, "Options News" turns the market's top headlines into trading intelligence, hosted by Karla Yeh.
The womens’ clothing retailer is due to announce earnings on Friday, and one investor traded a hefty number of calls.
On today’s Options News, Carrie Long and the www.ONN.tv team cover October’s Consumer Price Index (CPI), which came in at 0.2%, higher than expectations of 0.1%. Also, housing starts for the month of October dropped to 552,000 compared to estimates of 580,000. The CBOE SPX Volatility Index (VIX) declined 0.5 point to 22.3 as the broader market rallied. Be sure to stay tuned to ONN.tv for continued updates on implied volatility, especially with options expiration coming up at the end of this week.
Call Action in Ann Taylor
Several retailers have announced earnings figures recently, and Ann Taylor (ANN) is due to announce earnings on Friday. It’s interesting that we saw at least one investor trade front-month out-of-the-money calls looking for further upside in the name. The November 15 calls traded 12,800 times for around 30 cents each, and we saw implied volatility in this name spike to 18%. ANN shares closed down 45 cents to around $13.55.
For more breaking news and investment pointers on the options market, stay tuned in to ONN.tv.
