CNBC Stock Blog
- 5 Stocks That Benefit from Health Care Legislation: Analysts
- 9 Stocks That Play Rising Water Costs: Strategists
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Why Amazon Rules Retail
- Wave of Debt Payments Facing US Government
- China Eastern to Complete Shanghai Air Buy by End '09
- Paul: Audit the Fed
- Gold Will Collapse Like Oil Did in 2008: Charts
- The Social Media Gaming Threat
- Prepare For Large Decline In Stocks, Next Year?
- JAL Slides to Record Low on Bankruptcy Jitters
- Nielsen Ratings Coming to Video Games
- Can Murdoch Help Bing Challenge Google and Shift the Content Equation?
- HP's Mark Hurd
- HP Comes in As Expected; Is It Time to Buy?
- 9 Stocks That Play Rising Water Costs: Strategists
- Weis' Deal Likely Won't Change Big Money Contracts
- Gold Prices Can Double in 3 Years: Portfolio Manager
- Nov. 23: Unusual Volume Leaders
- Help Wanted—Please Run $4 Billion University
- Apple Comes to AT&T's Rescue
- Weak Dollar Is Golden for Mining Companies
- How Many US Consumers Will Shop this Weekend?
- Tuesday's Heavy Dose of Data to Dictate 'Risk' Behavior
- World's Largest Share Issue Priced at Deep Discount
- GE Capital Losses May See Dramatic Fall: JP Morgan
- Obama says Boosting US Jobs is Top Priority
- Why the Dollar Will Likely Stay Weak for Some Time
- Playboy to Outsource Most Magazine Operations: Report
- General Motors to Cut up to 9,500 Jobs in Europe
RSS FEED
Text Size 
Managing Editor, OptionMonster
Shares of Talbots rose sharply for the second straight session yesterday along with upside options activity after FBR Capital Markets raised its price target on the women's apparel company by more than 60 percent.
TLB ended the session up 16.53 percent to $11.14 in afternoon trading on more than six times the average stock volume, following a a 7.4 pop Tuesday. The shares, which hit $1.19 at the depths of the financial crisis last November, have spiked more than 30 percent since only Friday.
Options activity was concentrated at the November 12.50 contracts, where 2,243 calls traded in a strong buying pattern. Most of them were purchased for the asking prices of $0.65 to $0.90, according to OptionMonster's real-time systems.
The retailer [TLB
Loading...
()
] averages just 10 calls traded daily at the strike, where the open interest of only 179 contracts indicated that yesterday's trading represented newly opened positions. The purchased calls would profit only if the stock rises at least 18 percent to 20 percent by the time they expire on Nov. 20.
Talbots has struggled more than many competitors as it has tried to recover. But it got a much-needed boost this morning when FBR Capital raised its price target for the stock to $13 from $8 and reiterated its "outperform" rating on the stock.
___________________________
___________________________
Options Trading School:
___________________________
___________________________
Mike Yamamoto is an analyst and writer for OptionMonster.
___________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes