BUY, SELL, HOLD (2)

Skechers U.S.A., Inc. (SKX) Bulls Emerge on All-Time High

Skechers USA Inc (NYSE:SKX) is flying high today

May 8, 2015 at 1:31 PM
facebook X logo linkedin


A price-target hike to $111 from $90 at Sterne Agee sent Skechers USA Inc (NYSE:SKX) soaring to an all-time high of $100.48 earlier. At last check, the shares were 3.3% higher at $99.89, and options volume is accelerated.

Among the most popular strikes is the May 105 call, with data giving the impression of buy-to-open activity. These traders expect the stock to continue moving higher into record territory, toppling $105 by the close next Friday, May 15, when front-month options expire.

Looking back, SKX's options traders have been placing bearish bets at an accelerated clip. The stock's 50-day International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) put/call volume ratio of 0.46 ranks higher than 95% of all readings from the past year -- though some of these long calls may have been initiated by shareholders as a downside hedge.

Options traders aren't the only ones bearish on the stock. Over 15% of the equity's float is sold short, and would take more than eight sessions to buy back, at its average daily volumes.

Analysts, however, stand behind Skechers USA Inc (NYSE:SKX), with all five covering brokerage firms issuing "buy" or better ratings. The shares have earned this bullish attention -- at least in part -- by adding 143% in the past 12 months.

 

Two High-Octane Trade Ideas. One Simple Goal: Intraday Profits.

Dynamite Day Trading Signals delivers two same-day options trades every week — powered by proprietary intraday analysis and 43+ years of trading expertise.

But this isn’t just another stream of alerts.

It’s a structured plan with clear entry and exit points – designed for traders who want to act fast, trade smart, and wrap up gains before the closing bell.

No guesswork. No overnight exposure – Just two well-researched setups per week — whether you prefer buying premium or selling it.

And the results speak for themselves: subscribers have locked in +245.8% total profit over the last six months (since inception!).

👉 Start your one-month trial now for just $10, and be ready for the next trade alert.