- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- 10 Stock Picks for This 'Gradual Recovery'
- Recovery's Real Shape? Not a W: Stock Picker
- Market Direction into 2010 Depends on This: Analysts
- Prep Your Portfolio for Next Week: Stock Pickers
- Art Cashin: Why Markets Face 'Enormous' 1-Day Swings
- India or China: Which Is the Better Place to Invest?
- What Traders Expect From This Bank Stock
- Gold Is a Bad Inflation Hedge—Like Oil: Stock Picker
MOST SHARED
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- BlackRock: Central Banks To Be Net Buyers of Gold
- Weak US Housing Market Drags on Lowe's Profit
- Signs of Stability, but 'We're Not All Satisfied': GM CEO
- Devon to Sell its Gulf, International Assets
- EADS Cautious on Full-Year Forecast after Earnings Dip
- Taking a Page from Obama's Asia Agenda in Investing
- GM Cuts Losses—Plans Early Loan Repayment
- Schork Oil Outlook: Still Bearish Crude, But Skeptical
- Michelle Wie Wins, Now What?
- Taking a Page from Obama's Asia Agenda in Investing
- Warren Buffett to CNBC: 'I Haven't Bought American Express In Years'
- CNBC Video: Warren Buffett & Bill Gates - Keeping American Great
- U.S. Stocks Rally for the Second Straight Week
- Dollar is Not Plunging—So 'Calm Down': Market Strategist
- Strategists Say Markets Have More Upside — But How Much?
- Retail Sales Show Gain, But Manufacturing Gauge Slips
- Business Inventories Fall 0.4% in September
- Intel Plans to Increase Dividend 12.75%; Shares Gain
- Several Credit Card Companies See Default Rate Fall
- Signs of Stability, but 'We're Not All Satisfied': GM CEO
- Weak US Housing Market Drags on Lowe's Profit
- Stronger Yuan Needed for Global Rebalancing: IMF Chief
- Small US Cities Lose Luster in Downturn
- How Much Do You Know About Green?
RSS FEED
CNBC Stock Blog
Text Size 
A large put trade has been made in Tiffany as its shares have fallen ahead of the iconic company's holiday sales report Wednesday.
One trader Monday morning bought 10,000 of the January 20 puts for $0.35 against open interest of 48,900 contracts, according to OptionMonster's tracking systems.
It is unclear, however, whether this trade is a new purchase or just closing out an existing position.
TIF shares [TIF
Loading...
()
] have fallen precipitously during the economic crisis, having been cut roughly in half since early September to trade around $22 today. Tiffany has been followed closely as a bellwether for luxury names, which have proven far more vulnerable in this severe recession than they have in previous downturns.
____________________________
The Competition
Retailers:
- Coach [COH
Loading...
()
]
- Nordstrom [JWN
Loading...
()
]
Jewelers:
- Blue Nile [NILE
Loading...
()
]
- Signet Jewelers [SIG
Loading...
()
]
____________________________
Jon 'DRJ' Najarian is a professional investor, CNBC contributor, and cofounder of OptionMonster.com.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes