American Eagle Outfitters, Inc. AEO – Options Idea
Earnings-related options ideas are among some of our favorite plays to track, and that’s what we’ve got here with AEO this morning. American Eagle had a mixed earnings release, satisfying on profit expectations while falling short of on both sales and outlook. Granted that the stock was already looking a bit top-heavy, we’re feeling bearish about this play for the short-term.
To coincide with that instinct, we’re going to signal our interest in a range of puts in the AEO options chain. For possible quick-strike trades, we’re going to be looking at the AEO Weekly $19.50-16.50 Puts.
Splunk, Inc. SPLK – We’ve also got a bullish options idea to bring to the table with SPLK, and this one is earnings-related as well.
The company posted a strong quarterly report yesterday and is surging as a result. In this case we’re going to highlight and track the SPLK Weekly $60.50-62 Calls.
Petrobras Argentina S.A. PZE
While we’ve mentioned Petrobras countless times in our reports in the form of PBR, this marks the first occasion upon which we’re focusing on its Argentinian counterpart. The stock has been getting absolutely hammered of late, and with an OPEC deal seemingly close at hand, oil has begun to run. That’s why we’re going to be tracking this one over an extended time period from this point forward.
Should the production cut go off without a hitch, it sets PZE (as well as other oil stocks) up to regain a good bit of the ground lost in past weeks, so we’ll want to put this one on bottom-watch in the days and weeks ahead.
ICBU, GEYI, GLBS, PBR, FOLD(Bottom-Watch)