Restaurant chain Texas Roadhouse Inc (NASDAQ:TXRH) has enjoyed an impressive rally from its mid-March lows, despite the coronavirus pandemic’s weight on the sector. The stock pulled back sharply from its all-time high at the beginning of the week, but its 40-day moving average stepped up as support. This moving average is important; it connects a trendline from those March lows, and has been a key area for both bull and bearish trends. That being said, now looks like an opportune time to bet on TXRH’s next leg higher.

It’s certainly a good time for contrarians to weigh in, considering the equity’s Schaeffer’s put/call open interest ratio (SOIR) of 1.88, which sits in the 97th percentile of its annual range. This means short-term options traders have rarely been more put-biased in the past 12 months. Furthermore, TXRH’s 10-day put/call volume ratio of 2.87 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 84% of readings from the past year.

Although shorts are in covering mode, short interest still makes up 7.1% of the security’s available float. It would take over five days to buy back those bearish bets, at TXRH’s average pace of trading. Meanwhile, a round of analyst upgrades could act as a tailwind as well. Of the 18 brokerages in coverage, 15 sport a lukewarm “hold” rating on the stock.

The good news for options traders is that the stock’s Schaeffer’s Volatility Index (SVI) of 49% sits higher than just 15% of all other annual readings, meaning options traders are pricing in relatively low volatility expectations at the moment. Plus, Texas Roadhouse stock’s Schaeffer’s Volatility Scorecard (SVS) ranks at a relatively high 73 out of 100, meaning the equity has tended to exceed these expectations.

Subscribers to Schaeffer's Weekend Trader options recommendation service received this TXRH commentary on Sunday night, along with a detailed options trade recommendation -- including complete entry and exit parameters. Learn more about why Weekend Trader is one of our most popular options trading services.

Processed food giant Campbell Soup Company (NYSE:CPB) operates and owns many popular brands including Prego, Pepperidge Farm, and V8. The company is most well-known for its iconic Campbell Soup brand. Throughout the coronavirus pandemic, CPB has been one of the few stocks that has not seen much volatility as compared to its peers. The stock scored a three-year high of $57.54 on March 17 and fell to an annual low of $40.70 just a week later by March 27. Despite the choppy price action, the shares are holding on to their year-to-date breakeven level.

Using Schaeffer's extensive historical database, we conduct extensive research on each underlying equity and determined which of those underlying equities’ options have historically had underpriced or overpriced options. We rank each equity’s options relative to the others in our database, with scores ranging from zero to 100. Low SVS readings like this one point to CPB stock having consistently realized lower volatility than their options have priced in -- pointing to possible premium-selling candidates. CPB  currently ranks a 5 out of 100 on the Schaeffer's Volatility Scorecard (SVS). 

Campbell Soup Company has beat expectations on all four of its most recent earnings reports. In the fourth quarter of 2019, Campbell Soup Company beat expectations by $0.07. The company reported an earnings per share (EPS) of $0.78. In the following quarter, Campbell Soup Company dropped its reported EPS to $0.72. The company beat expectations by a margin of $0.06. The company boosted an EPS to $0.83 in the second quarter of 2020, beating expectations by $0.08. Most recently, in the company's fiscal third quarter earnings report, Campbell Soup Company beat Its earnings target by 5%.  The company reported an EPS of $0.63 instead of the expected EPS of $0.60, representing a $0.20 decrease in EPS as compared to the previous quarter. For Campbell Soup Company's upcoming earnings report, the company is expected to increase its EPS to $0.91.

Campbell Soup stock has a forward dividend of $1.40 and a dividend yield of 2.84%. The last dividend the company paid was for $0.35. Campbell Soup Company has paid dividends since 1980.

Campbell Soup Company's business model is about as straightforward as a company can get. Over the company’s extensive history, it has managed to gain a sizable market share through heavy product marketing; its brand is one of most recognizable in the United States.

Campbell Soup Company has maintained its steady revenue repeatedly for many years and will likely continue to do so. The company has also managed to pretty regularly increase its dividends for its investors since 1980. Campbell Soup Company's reliable dividend coupled with the stock’s lack of volatility has made CPB stock one of the best dividend stocks in the market. Some dividend-focused investors are probably kicking themselves for not picking the stock up when CPB stock price was in the low $40 range earlier this year.

Stocks fell for a second-straight day yesterday, taking an extended breather after the market's recent rally to record highs on Monday. All three major U.S. stock market indexes fell on Wednesday as investors considered the recent vaccine developments at the same time that coronavirus cases continued to surge. Amazon.com (AMZN), Microsoft (MSFT), Alphabet (GOOG), and Facebook (FB) all backpedaled yesterday, too. The Dow Jones Industrial Average (DJI - 29,438.42) lost 344.9 points on Wednesday, while the S&P 500 Index (SPX - 3,567.79) fell 41.7 points. The Nasdaq Composite (IXIC - 11,801.60) lost 97.74 points during yesterday's trading session. The Cboe Volatility Index (VIX - 23.84) rose 1.1 point for the day yesterday.

Investors can expect that plenty of data is due out today. This data includes jobless claims data, the Philly Fed index, and existing home sales. Also set to be reported on is last month's leading economic indicators. We will, however, see some big retail names entering the earnings confessional, including Macy's (NYSE:M), BJ's Wholesale (NYSE:BJ), Ross Stores (NASDAQ:ROST), and Williams-Sonoma (NYSE:WSM).

For your convenience, we have rounded up the companies slated to release earnings today, November 19:

Atkore International Group, Inc. (NYSE:ATKR -- $31.04) manufactures and distributes electrical raceway products, and mechanical products and solutions (MP&S). Atkore International will report its fourth-quarter earnings before the bell today.

Berry Global, Inc. (NYSE:BERY -- $53.48) manufactures and supplies non-woven, flexible, and rigid products. Berry Global will report its fourth-quarter earnings before the bell today.

BJ's Wholesale Club Holdings, Inc. (NYSE:BJ -- $43.00) operates warehouse clubs on the East Coast of the United States. BJ's Wholesale will report its third-quarter earnings before the bell today.

Brady Corporation (NYSE:BRC -- $46.62) manufactures and supplies identification solutions (IDS) and workplace safety (WPS) products. Brady will report its fourth-quarter earnings before the bell today.

Canadian Solar, Inc. (NASDAQ:CSIQ -- $38.72) designs, develops, manufactures, and sells solar ingots, wafers, cells, modules, and other solar power products. Canadian Solar will report its third-quarter earnings before the bell today.

Macy's, Inc. (NYSE:M -- $8.99) operates stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. Macy's will report its third-quarter earnings before the bell today.

MAXIMUS, Inc. (NYSE:MMS -- $73.00) provides business process services (BPS) to government health and human services programs worldwide. MAXIMUS will report its third-quarter earnings before the bell today.

Netease, Inc. (NASDAQ:NTES -- $85.50) provides online services focusing on content, community, communication, and commerce. NTES is currently up by 27.5% year-over-year. Netease will report its third-quarter earnings before the bell today.

The Children's Place, Inc. (NASDAQ:PLCE -- $37.75) operates as a children's specialty apparel retailer. The Children's Place will report its third-quarter earnings before the bell today.

Beacon Roofing Supply, Inc. (NASDAQ:BECN -- $37.13) distributes residential and commercial roofing materials, and other complementary building materials. Beacon Roofing Supply will report its third-quarter earnings before the bell today.

BEST, Inc. (NYSE:BEST -- $3.13) operates as a smart supply chain service provider in the People's Republic of China. BEST will report its third-quarter earnings before the bell today.

Caleres, Inc. (NYSE:CAL -- $12.18) engages in the retail sale and wholesale of footwear. Caleres will report its third-quarter earnings before the bell today.

Esco Technologies, Inc. (NYSE:ESE -- $99.35) produces and supplies engineered products and systems for utility, industrial, aerospace, and commercial users worldwide. Esco Tech will report its third-quarter earnings before the bell today.

Helmerich & Payne, Inc. (NYSE:HP -- $19.77) engages in drilling oil and gas wells for exploration and production companies. Helmerich & Payne will report its fourth-quarter earnings before the bell today.

Intuit Surgical, Inc. (NASDAQ:ISRG -- $733.38) designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Intuit will report its third-quarter earnings before the bell today.

Post Holdings, Inc. (NYSE:POST -- $97.12) operates as a consumer packaged goods holding company. Post will report its fourth-quarter earnings before the bell today.

Ross Stores, Inc. (NASDAQ:ROST -- $111.30) operates off-price retail apparel and home fashion stores. Ross Stores will report its third-quarter earnings before the bell today.

Williams-Sonoma, Inc. (NYSE:WSM -- $97.16) operates as an omni-channel specialty retailer of various products for home. Williams-Sonoma will report its third-quarter earnings before the bell today.

Woodward, Inc. (NASDAQ:WWD -- $107.49) designs, manufactures, and services control solutions for the aerospace and industrial markets worldwide. Woodward will report its fourth-quarter earnings before the bell today.

Workday, Inc. (NASDAQ:WDAY -- $223.61) provides enterprise cloud applications worldwide. Workday will report its third-quarter earnings before the bell today.

Here’s a recap of how yesterday’s earning reports compared to expectations:

Avaya Holdings Corp. (NYSE:AVYA -- $19.49) provides digital communications products, solutions, and services for businesses worldwide. Earnings per share decreased 45.07% year over year to $0.39, which may not compare to the estimate of $1.20. Revenue of $755,000,000 higher by 4.43% year over year, which beat the estimate of $733,550,000.

Lowe's Companies, Inc. (NYSE:LOW -- $159.86) operates as a home improvement retailer. Earnings per share rose 40.43% year over year to $1.98, which missed the estimate of $1.99. Revenue of $22,309,000,000 higher by 28.30% from the same period last year, which beat the estimate of $21,250,000,000.

Spire, Inc. (NYSE:SR -- $64.54) engages in the purchase, retail distribution, and sale of natural gas. Earnings per share rose 31.48% over the past year to ($0.37), which beat the estimate of ($0.41). Revenue of $251,900,000 rose by 11.66% from the same period last year, which missed the estimate of $298,070,000.

The TJX Companies, Inc. (NYSE:TJX -- $61.14) operates as an off-price apparel and home fashions retailer. Earnings per share increased 4.41% over the past year to $0.71, which beat the estimate of $0.40. Revenue of $10,117,000,000 decreased by 3.20% from the same period last year, which beat the estimate of $9,360,000,000.

Copa Holdings Holdings, S.A. (NYSE:CPA -- $73.53) provides airline passenger and cargo services. Earnings per share were down 216.73% over the past year to ($2.86), which missed the estimate of ($2.74). Revenue of $32,382,000 declined by 95.43% year over year, which missed the estimate of $39,020,000.

Copart, Inc. (NASDAQ:CPRT -- $116.19) provides online auctions and vehicle remarketing services. Earnings per share were up 21.54% year over year to $0.79, which beat the estimate of $0.71. Revenue of $592,940,000 higher by 6.95% year over year, which beat the estimate of $577,750,000.

Jack In The Box, Inc. (NASDAQ:JACK -- $87.06) operates and franchises Jack in the Box quick-service restaurants. Earnings per share increased 69.47% over the past year to $1.61, which beat the estimate of $1.14. Revenue of $255,401,000 up by 15.44% year over year, which beat the estimate of $249,190,000.

Keysight Technologies, Inc. (NYSE:KEYS -- $117.56) provides electronic design and test solutions. Earnings per share increased 21.80% year over year to $1.62, which beat the estimate of $1.46. Revenue of $1,220,000,000 up by 8.73% from the same period last year, which beat the estimate of $1,180,000,000.

L Brands, Inc. (NYSE:LB -- $35.45) operates as a specialty retailer of women's intimate and other apparel, personal care, and beauty and home fragrance products. Earnings per share rose 5550.00% over the past year to $1.13, which beat the estimate of $0.09. Revenue of $3,055,000,000 rose by 14.12% from the same period last year, which beat the estimate of $2,670,000,000.

Nuance Communications, Inc. (NASDAQ:NUAN -- $34.44) provides conversational artificial intelligence (AI) innovations. Earnings per share decreased 45.45% year over year to $0.18, which beat the estimate of $0.16. Revenue of $352,931,000 declined by 25.01% year over year, which beat the estimate of $345,720,000.

PagSeguro Digital Ltd. (NYSE:PAGS -- $45.24) provides financial technology solutions and services. Earnings per share decreased 46.43% over the past year to $0.15, which missed the estimate of $0.20. Revenue of $331,354,000 decreased by 5.63% year over year, which beat the estimate of $320,940,000.

Shoe Carnival, Inc. (NASDAQ:SCVL -- $36.08) operates as a family footwear retailer in the United States. Earnings per share increased 9.57% year over year to $1.03, which beat the estimate of $0.70. Revenue of $274,579,000 declined by 0.02% year over year, which missed the estimate of $275,580,000.

UGI Corporation (NYSE:UGI -- $36.26) distributes, stores, transports, and markets energy products and related services. Earnings per share increased 150.00% over the past year to $0.05, which beat the estimate of ($0.30). Revenue of $1,124,000,000 decreased by 2.26% from the same period last year, which missed the estimate of $1,220,000,000.

ZTO Express (Cayman), Inc. (NYSE:ZTO -- $33.06) provides express delivery and other value-added logistics services in the People's Republic of China. Earnings per share decreased 4.17% year over year to $0.23, which were in line with the estimate of $0.23. Revenue of $977,795,000 up by 32.73% year over year, which beat the estimate of $949,840,000.

Looking ahead to tomorrow, we're looking at a pretty lowkey end to this rollercoaster of a week, as Friday closes out the week with no noteworthy economic data to report. All earnings and economic dates listed here are tentative and subject to change. Please check with each company's respective website for official reporting dates.

SunPower Corporation (NASDAQ:SPWR) has so far enjoyed a strong November, as renewable energy stocks enter the spotlight thanks to President-elect Joe Biden. Furthermore, data from Schaeffer's Senior Quantitative Analyst Rocky White suggests the stock could see more tailwinds ahead.

SunPower stock scored a five-year high of $21.60 on Nov. 9. What's more, this peak comes amid historically low implied volatility (IV), which has been a bullish combination for SPWR in the past. More specifically, there were two other instances when the stock was trading within 2% of its 52-week high, while its Schaeffer's Volatility Index (SVI) sat in the 20th percentile of its annual range or lower -- as is the case with the stock's current SVI of 84%, which ranks in the 12th percentile of its 12-month range.

One month after these signals, the equity averaged a return of 26.5%. From its current perch at $20.32, a move of similar magnitude would put the stock around $25.70, territory not seen since June of 2014. SPWR has had an impressive run since its March 16 low of $2.63, with pullbacks contained by its 40-day moving average. 

A short squeeze could act as a catalyst as well. Short interest fell by 8.4% during the most recent reporting period, however, the 38.24 million shares sold short still account for 47.2% of the stock's available float. In other words, it would take nearly five days to buy back these bearish bets, at SunPower stock's average pace of trading. 

There is still a surprising amount of room for upgrades as well, seeing as nine of the 11 analysts in coverage sport a "hold" or worse rating on the security. Meanwhile, SPWR's 12-month consensus price target of $16.24 is a 20.1% discount to current trading levels, which could mean bull notes are overdue in the form of price-target hikes. 

Financial name Goldman Sachs Group Inc (NYSE:GS) is climbing higher this morning, last seen up 1% at $226.90, following news the company would lay off an undisclosed number of workers in an effort to reduce operating expenses by $1.3 million over the next three years. This marks Goldman Sachs' second round of layoffs this year, though the company does not expect this round to exceed the 400 positions cut in September.

Earlier this month, the security just enjoyed an impressive bull gap above recent pressure at its 120-day moving average, thanks to an upbeat vaccine update from Pfizer (PFE) that gave bank stocks a boost. Now, GS is eyeing its highest close in roughly eight months -- poised to topple the $225 level for the first time since early February. 

Analysts are mostly bullish on the security. Of the 14 in coverage, 10 call it a "strong buy." Plus, the 12-month consensus price target of $255.58 is a 12.6% premium to current levels. 

Meanwhile, calls are outnumbering puts on an overall basis, though there's been an uptick in bearish options activity of late. This is per Goldman Sachs' 10-day put/call volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which sits higher than 92% of readings from the past year. 

Now looks like an ideal time to get in on Goldman Sachs stock's next move with options, though. The equity's Schaeffer's Volatility Index (SVI) of 27% ranks in the 8th percentile of its 12-month range, meaning options traders are pricing in relatively low volatility expectations at the moment. 

Ross Stores (NYSE:ROST) is one of the largest discount department store retailers in the U.S., with more than more than 1,400 stores throughout the country. Moreover, Ross Stores is slated to report its quarterly earnings tomorrow, Nov. 19, after the close, with hopes of pushing its earnings per share (EPS) back to its pre-pandemic levels.

ROST currently sports a ranking of 21 on the Schaeffer's Volatility Scorecard (SVS). Using Schaeffer's extensive historical database, we conduct extensive research on each underlying equity and determined which of those underlying equities’ options have historically had underpriced or overpriced options. We rank each equity’s options relative to the others in our universe, with scores ranging from zero to 100. Lower SVS readings point to stocks that have consistently realized lower volatility than their options have priced in -- pointing to possible premium-selling candidates.

Despite the March crash that greatly impacted retail stocks, ROST has recovered fairly well since hitting its three-year low of $56.30 on --you guessed it-- March 18. The shares have doubled since then, but remain a ways off their pre-pandemic highs of $124.16 from Feb. 20. Nevertheless, the $87 level appears to have stepped up as support in recent months.

Ross Stores has beat expectations on three of its last four most recent earnings reports. In the fourth quarter of 2019, Ross Stores beat expectations by $0.06. The company reported an earnings per share (EPS) of $1.03. In the first quarter of 2020, Ross Stores reportedly increased its EPS to $1.28. The company again beat expectations, this time by a margin of $0.03. Ross Stores reported a drastic drop in EPS in the second quarter of 2020. The company missed expectations by $0.90 and reported an EPS of $0.03. In its most recent quarter, Ross Stores beat its earnings target by a whopping $0.33. The company reported a positive EPS of $0.06, in lieu of the expected -$0.27 loss. For Ross Stores' upcoming report tomorrow, the company is anticipated to report an EPS of $0.61.

The company's upcoming earnings report tomorrow will be a major deciding factor in the next direction for ROST. If Ross Stores is unable to meet earnings expectations, the equity could potentially be facing a sell-off. Overall, with ROST stock currently toting a price-earnings ratio of 72.34 and a forward price-earnings ratio of 21.79, buying ROST stock could be perceived as too expensive and too risky for a value investment approach.