
Please try another search
High-end jeweler Tiffany & Co. (NYSE:TIF) is moving up the charts this afternoon, as traders climb on ahead of the company's first-quarter earnings report, slated for release before the market opens tomorrow, June 4. Below, we will take a look at how TIF has been performing on the charts, as well as what the options market has priced in for the stock's post-earnings moves.
At last check, Tiffany & Co stock is up 1% at $90.01, potentially turning a corner after a recent downtrend on the charts. The stock's latest leg lower was sparked by a late-April rejection at its 320-day moving average, which sent TIF spiraling back below the $87 mark for the first time since early February last week. Longer term, however, the equity is 12% higher year-to-date.
Digging into Tiffany's earnings history, the stock has only closed higher the day after earnings in three of the last eight quarters -- including a 23.3% surge this time last year, as well as a 3.1% gain in March. Over the past two years, the shares have swung an average of 7% the day after earnings, regardless of direction. This time around, the options market is pricing in a larger-than-usual 11.1% swing for Tuesday's trading.
With the stock's recent trading history, puts have been popular among options traders. This is per TIF's 10-day put/call volume ratio of 1.89 at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), which ranks in the lofty 80th annual percentile. In other words, puts have been purchased over calls at a faster-than-usual clip.
Regardless of whether it's calls or puts, though, the retail stock has been an attractive target for premium buyers in the past year. Specifically, Tiffany's Schaeffer's Volatility Scorecard (SVS) of 82 out of a possible 100 suggests TIF has regularly exceeded options traders' volatility expectations over the last 12 months.
• Trump’s trade war, inflation data, and last batch of earnings will be in focus this week. • DoorDash’s imminent inclusion in the S&P 500 is likely to trigger a wave of...
The big US stocks dominating markets and investors’ portfolios just finished another earnings season. They reported spectacular collective results including record sales, profits,...
“Quality” stocks with strong fundamentals tend to be rewarding places to stash hard-earned money. Since 2009, investing in a basket of quality stocks over a standard index has...
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.