1. We started to accumulate a small position sub $10, and added slowly into earnings;
2. We think this is a "Retro Play" as well. And could go $30+
3. Massive Options Activity on the March 19 21st Call
Post-earnings call buyer slips into Hanesbrands March 21s 11:20 HBI Hanesbrands $19.47 / +3.5 (+21.92%) Post-earnings call buyer slips into Hanesbrands March 21s. Shares of the apparel maker up more than $3, or 19%, following earnings - blowing through the 8% move implied by Monday's closing straddle, with call volume 40x normal at 28k contracts, vs 4200 puts, and a focus on the March 21 calls, bought from 42 to 65c in a number of sweeps, opening a new position struck 7.7% above spot.
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2. We think this is a "Retro Play" as well. And could go $30+
3. Massive Options Activity on the March 19 21st Call
Post-earnings call buyer slips into Hanesbrands March 21s 11:20 HBI Hanesbrands $19.47 / +3.5 (+21.92%) Post-earnings call buyer slips into Hanesbrands March 21s. Shares of the apparel maker up more than $3, or 19%, following earnings - blowing through the 8% move implied by Monday's closing straddle, with call volume 40x normal at 28k contracts, vs 4200 puts, and a focus on the March 21 calls, bought from 42 to 65c in a number of sweeps, opening a new position struck 7.7% above spot.
Read more at:
thefly.com/n.php?id=3244005...
thefly.com/news.php?symbol=HBI...