drchelsea1

HBI / HanesBrands - Backed Up Truck / Pre Earnings / $30 Target

Long
NYSE:HBI   Hanesbrands Inc
0. Notes to follow;
Comment: 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.

Read more at:
https://thefly.com/n.php?id=3244005

https://thefly.com/news.php?symbol=HBI
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.