CNBC Stock Blog
- 3 Safe Investments That Let You ‘Sleep Better:’ Strategist
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- More Upside if S&P Passes This Number: Market Pro
- Playing Activision and Other Video Game Stocks: Analyst
- Expect 'At Least' Another 10-15% Upside: Fund Manager
- Why are Options Bullish on This Smartphone Maker?
- Why are Traders Bullish on This Food Company?
- Profiting From Natural Gas: Strategists
- 3 Hot Mid-Cap Stock Picks: Portfolio Manager
MOST SHARED
- Apple Surpasses Nokia as Top Cellphone Maker by Profits
- Herbalife Vs. Hedge Funds
- AIG CEO Ready to Quit over Pay Constraints: Report
- Bring on Tougher Regulation: S&P Owner
- China Factory Output Leaps to 19-Month Highs
- Three Things the US Can Do To Stop the Dollar's Decline
- America Is On Sale
- Cramer Jeers J&J, Applauds Abbott
- US Recovery to be Weak, Erratic: Top Fed Officials
- Beware of 'Trampling Effect' When Market Tops: Manager
- Gold Heading to $1150: Art Hogan
- Starbucks Brews Up Growth
- Farr: An Extended Period—No Fat Lady in Sight
- More Upside if S&P Passes This Number: Market Pro
- Murdoch Lashes Out At Google
- Fighting The Flu Vaccine Critics
- Nov. 10: Unusual Volume Leaders
- Shadow Inventory Dwarfs Loan Mods
- Pay Caps Make it Hard for GM to Hire Execs: Whitacre
- Geithner 'Deeply' Believes in Need for Strong Dollar
- US Cannot Be Complacent About Dollar: World Bank
- US Recovery to be Weak, Erratic: Top Fed Officials
- Just 1 in 20 Plan to Buy a Home Next Year: Survey
- Bring on Tougher Regulation: S&P Owner
- Retail Earnings in Focus Ahead of Shopping Season
- Ponzi Proceeds: Bidding on Madoff's Toys
- Investments in Global Oil Projects to Fall Next Year: Shell
RSS FEED
Text Size 
Cofounder, OptionMonster.com
Coach is gaining with upside options activity despite broad market headwinds, indicating that fashion is not yet a victim of the economic downturn.
The upscale accessories retailer normally trades 3,400 calls in a full session, but this morning more than 16,300 changed hands in the first two hours alone, according to OptionMonster's proprietary tracking programs.
The Coach [COH
Loading...
()
] trading follows a Barron's article that quoted Chris McHugh of Turner MidCap Growth Investor Fund, citing his bullish outlook for the company. McHugh said it is well positioned to profit from a weaker economy, noting that it will soon introduce its Poppy line of lower-priced handbags.
Today's options action was in contracts well out of the money, the July 29 and July 30 calls, as Coach shares traded at $26.69. The stock is up more than 2 percent on the session to over $26 in afternoon trading, holding the bulk of its gains against a 170-point selloff in the DJIA.
Disclosure:
Najarian owns shares of Coach
___________________________
Options Trading School:
___________________________
___________________________
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