Retail Stock Upgraded on Web Traffic Potential

Puts have recently turned popular in the options pits

Deputy Editor
Sep 15, 2020 at 3:10 PM
facebook X logo linkedin


The shares of VF Corporation (NYSE:VFC) are up 2.2% at $74.84 at last check, after BTIG upgraded the stock to "buy" from "neutral." The firm cited growing demand as well as web traffic, and noted that the concerns involving excess inventory for a couple of their brands are "well on their way to being resolved." 

At the height of the day, VFC was trading at $76.24, above the $75 for the first time since early March. Still down 25.5% year-to-date, the equity is on track to score its fourth-straight weekly win. 

VFC Sep 15

On the analyst front, 10 carry a "buy" or better rating on the security, with the remaining 11 at a tepid "hold." Meanwhile, the 12-month consensus price target of $67.25 is a 9.6% discount to current levels. This leaves plenty of room for upgrades/price-target hikes that could carry the stock higher.

Amid limited absolute options volume, VFC options have taken a bearish turn in the last 10 days. The stock's 50-day call/put volume ratio of 2.44 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 70% of all readings -- revealing a strong preference for puts of late. 

Options look like a decent way to go when weighing in on VFC. The apparel stock's Schaeffer's Volatility Index (SVI) of 43% sits higher than 25% of readings in its annual range, suggesting short-term options are pricing in relatively low volatility expectations. In other words, the stock's near-term options are attractively priced at the moment.

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI