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Signet Jewelers LimitedSignet Jewelers LimitedSignet Jewelers Limited

Signet Jewelers Limited

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Stock Of The Day / 01.14.25 / SIG01.14.2025 / NYSE:SIG Fundamentals. Negative background due to lower fiscal fourth-quarter sales guidance. Technical analysis. Daily chart: We mark the nearest level 56.07, formed by the trend break in June 2023. Premarket: Gap Down on moderate volume. We mark the premarket level 60.28. Trading session: The price tests the premarket level after the opening and forms a pullback that does not exceed the opening impulse. After breakdown 60.28 level, we observe its retest on decreasing volumes. We consider a short trade in case the level is held. Trading scenario: breakdown with retest of 60.28 level Entry: 59.95 upon confirmation of the level holding by several touches and the appearance of volumes for sales. Stop: 60.76 we hide it behind the high of the retest. Exit: Close part of the position before the strong daily level of 56.07. Close the rest of the position at 55.00 after an unsuccessful attempt to update daily low. Risk Rewards: 1/5 P.S. In order to understand the idea of the Stock Of The Day analysis, please read the following information .
NYSE:SIGShort
by Stock_Of_The_Day
SIG Bearish inclined naked calls 21 Oct expiry Whats The Plan/Trade/Thought This trade rides on retails overall tightening as a reaction to the Fed and the Global central banks raising their interest rates Risk Mitigation The action at entry shows the price testing the bottom S&R line. I think we can expect more bearish movement from retail but otherwise we have enough space to the strike Imagine Yourself Taking The Other Side This trade is simply following the larger market movement. SIG has had good earnings and I believe is a pretty decent company. So going long is an option just not when the overall market is bear Look For New Information No new information How Do I Feel Now I feel normal, a bit affected by the other trade ICLN. But we do what we can and take what the market gives us. Trade Specs Sold 160 Calls @ 0.25 Strike 70 30.24% to Strike BP Used: 87k Max Gain: 3250
NYSE:SIGShort
by Ronin_trader
SIG Bearish inclined naked calls 15 July expiryWhats The Plan/Trade/Thought Signet Jewelers is a retailer of diamond jewellery. With the concerns of the recession, the cooling signs of the job market, layoffs in tech and the overall retail leadership cautiousness during the earnings. I think this is the right direction especially since it is following the larger market direction US retail sales also post the first drop in 5 months as auto purchases plunge and inflation bites Risk Mitigation Have two S&R lines before my strike at 69.49 and 65.35. If price breaks 69.49 (7% from strike) will have to start closing this position Imagine Yourself Taking The Other Side It just feels dangerous to be bullish especially since we have seen days where all sectors are red Look For New Information No new information How Do I Feel Now I feel confident about this trade Trade specs Sold 110 Calls @ 0.5 Strike 75 29.33% to Strike BP Used: 66K Max Gain: 5.5k
NYSE:SIGShort
by Ronin_trader