Workday (WDAY) Falls 7%

Shares of Workday (WDAY) are down 7%, or $6.74, to $85.75 in extended trading despite a better-than-expected earnings report. The company lost $0.02 per share on revenue of $251 million. Analysts were looking for a loss of $0.08 per share on revenue of $245 million.

The June 85 puts (WDAY150619P00085000) could be active on Wednesday after closing today's session at $1.30. The major moving averages are clustered between $86-$88 and these levels will likely be violated.

Etsy (ETSY) Stumbles Nearly 20% on Earnings Miss

Shares of Etsy (ETSY) have traded to a low of $15.70 this morning following a nasty earnings report. The company reported a loss of 89 cents per share on sales of $58.5 million. Analysts were looking for a penny loss on revenue of $40.5 million.

The ETSY June 20 puts (ETSY150619P00020000) are  currently trading at $4.00, up $2.65, after closing Tuesday's session at $1.35. This represents nearly a 200% return.

One Wall Street firm defended the shares and maintained a $23 Price Target. We doubt this will be achievable anytime soon and would wait a couple of quarters to see if the company's business model is sustainable.

Urban Outfitters (URBN) Tanks 17%, Put Options Zoom

Shares of Urban Outfitters (URBN) are falling 17% to $33.87, down $6.85, this morning following the release of  the company’s earnings results. Profits of $0.25 per share on revenue of $739 million fell short versus estimates for $0.30 per share on sales of $758 billion. The June 35 puts (URBN150619C00035000) are trading at $2.10, up […]

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Avon Products (AVP) Stock Halted

Shares of Avon Products (AVP) were halted several times throughout Thursday on rumors of a takeover offer. It appears the takeover offer of $18 was a bogus filing with the SEC as Avon itself said it was trying to figure out if PTG Capital Partners even existed or not. AVP shares closed at $7.07, up […]

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Keryx (KERX), 3D Systems (DDD) Put Option Trades Updates

Our subscribers recently scored two monster put options wins. The recommendations gave our members returns well north of 100% as we remain hot in a higher trending May. The first option trade was with Keryx Biopharmaceuticals (KERX) following last week’s plunge to $9.28. We recommended the May 10 puts (KERX150515P00010000, 35 cents at the beginning […]

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Rackspace Hosting (RAX) Tanks 12% in Extended Trading

Shares of Rackspace Holdings (RAX) closed Monday’s session north of $53 but are down 12% and are testing $46 in extended trading tonight. The company missed Wall Streets’s revenue forecast while posting a profit of $0.20 per share for the quarter that matched expectations. The double-digit drop in the stock should be a windfall for […]

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