Q2 STOCKS TO BUY

Bears Continue to Circle Underperforming REIT

Short-term options players have been put-heavy

Managing Editor
Feb 12, 2020 at 9:11 AM
facebook X logo linkedin


Real estate investment trust (REIT) Macerich Co (NYSE:MAC) is down 1% in electronic trading, moving lower on the heels of a bear note out of Piper Sandler. The brokerage firm downgraded to "underweight" from "neutral," and sliced its price target to $20 from $26. This revised outlook represents a 17.5% deficit from last night's close, and runs alongside the broader analyst view sinceall 11 covering firms sport a "hold" or worse rating heading into today.

It's no secret that Macerich stock has been a long-term underperformer on the charts. In fact, overhead resistance at the descending 50-day moving average now has the shares down 44% year-over-year. What's more, the equity is just off its Jan. 31 decade low of $22.24, closing Tuesday at $24.23.

It's no surprise then that puts are preferred in the options pits. This is per MAC's Schaeffer's put/call open interest ratio (SOIR) of 3.23, which ranks in the 93rd percentile of its annual range. In other words, short-term options players have rarely been more put-heavy during the last 12 months. 

 
 

Which of These SUB-$5 Stocks Could 26x From Here? (AD)

He called a rare 11x on Tesla…

Then he called a 26x on Workhorse…

Then an even rarer 35x on Nio Inc…

Now Tim Bohen says these 5 tiny “America First” stocks are next up in 2025.

They’re trading for less than $5 right now.

But thanks to Elon & Trump’s new alliance…

They could be off to the races in Trump’s first 100 days.

And right now for a limited time…

You can get the names & tickers for just $1 here. (AD)

GRAND SLAM COUNTDOWN

 
 

Featured Articles from Trusted Partners:

🚀 One Stock Pick Could Change Everything in 2025
What if one stock pick could define your success next year? Get 10 expert-vetted stocks set for 2025—plus 5 bonus picks to watch now. Get the Report →

🆕 New Options Need New Trading Strategies
Zero-DTE options are the newest (and hottest) options to trade.  Professional traders have rushed into the market and are making a mint.  Don’t get left behind - learn all about these options, how to trade them, market setups to profit from, plus much more. Download now →

👀 Revealed: 3 Defensive Stocks for Your Portfolio
Worried about the market? This free report reveals 3 under-the-radar defensive stocks for uncertain times in any kind of economy.

 

 
 

FREE Report Download

 

Follow us on X, Follow us on Twitter