Stitch Fix Eyes Best Day in Over 2 Years on Revenue Win

The options pits are jumping with activity

Deputy Editor
Jun 7, 2023 at 10:11 AM
facebook X logo linkedin

Stitch Fix Inc (NASDAQ:SFIX) stock is up 28.5% at $4.73 this morning, following better-than-expected fiscal third-quarter results. The subscription e-tailer reported revenue of $394.9 million, after focusing on "improving efficiencies, maintaining profitability and cash flow."

Following the event, SFIX's normally quiet options pits are popping with activity. So far, 14,000 calls and 13,000 puts have crossed the tape, which is 23 times the intraday average volume. Most popular is the weekly 6/9 4-strike call, followed by the 3.50-strike put in that same series.

At the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), the security's 50-day put/call volume ratio of 2.79 ranks higher than 80% of readings from the past year, indicating puts have been more popular than usual of late.  

On the charts, Stitch Fix stock just jumped above short-term pressure at its 60-day moving average. Heading for its best single-session percentage gain since December 2020, SFIX now stands % higher in 2023.


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 calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI