CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Get Paid Six Figures to Wear a T-Shirt?
- Dubai Spooks Investors But May Bring Buying Opportunity
- Global Selloff From Dubai Woes Shows Signs of Winding Down
- Longer Lines, Fuller Carts This Black Friday
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- 8 Retailers that Gain During the Holidays
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Global Selloff From Dubai Shows Signs of Winding Down
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Tiger Woods Out of Hospital After Accident
- Dubai Fallout Is a Correction, Not Another Crisis: El-Erian
- Dubai's Debt Woes Signal New Era for Creditors
- Get Paid Six Figures to Wear a T-Shirt?
- The World's Biggest Debtor Nations
- Five Tips for Buying a Foreclosed Home
RSS FEED
Text Size 
writer, OptionMonster
Shares of Tiffany declined slightly yesterday, but options activity was bullish ahead of the luxury jeweler's earnings report this morning.
OptionMonster's tracking systems show 3,700 of the June 28 calls bought for $1.45 to $1.85. This action is above open interest, indicating fresh buying.
Yesterday's trading was bullish in the selling of June 25 puts as well, with more than 2,700 changing hands at that strike. This is less than open interest but had a strong selling pattern.
Before the opening bell today, Tiffany [TIF
Loading...
()
] reported that first-quarter earnings fell 62 percent from the same period a year ago but still met analysts' estimates. Revenues fell short of projections, but the company reaffirmed its guidance for all of 2009.
Tiffany closed at $28.13 yesterday, off 0.27 percent. The shares dropped further in pre-market trading after this morning's earnings results, to $27.53.
The stock has been on the run since bottoming out in early March when the price was as low as $16.70. There is overhead resistance around $30 and still a long way to go before shares can get back up to year-ago levels when the stock was just shy of $50.
___________________________
Options Education:
___________________________
___________________________
Chris McKhann is an analyst and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes