collected by :John Locas
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Ascena Retail Group Inc (NASDAQ:ASNA) Ratings CoverageAmong 7 analysts covering Ascena Retail Group (NASDAQ:ASNA), 1 have Buy rating, 1 Sell and 5 Hold.
Analysts are on the Bearish side about Ascena Retail Group Inc (NASDAQ:ASNA) this week.
More interesting news about Ascena Retail Group Inc (NASDAQ:ASNA) were released by: Washingtonpost.com and their article: “Wal-Mart Stores, Pandora rise; Ascena Retail, Alibaba fall” published on May 18, 2017 as well as Businesswire.com‘s news article titled: “ascena retail group Provides Fiscal Q3 and Full Year 2017 Guidance Update …” with publication date: May 17, 2017.
The stock of Ascena Retail Group Inc (NASDAQ:ASNA) has “Market Perform” rating given on Tuesday, September 20 by Telsey Advisory Group.
Ascena Retail Group, Inc. is a specialty retailer of apparel for women and tween girls.
Ascena Retail Group Inc, ASNA, earnings, long, strangleTrading Options During Earnings in Ascena Retail Group IncAscena Retail Group Inc (NASDAQ:ASNA) : Trading Options During Earnings2017-06-8With the right tool kit it’s easy to find an explicit answer: Buying out of the money strangles during earnings for Ascena Retail Group Inc has been a winner.
Now we can see this practice taken further, beyond Ascena Retail Group Inc and earnings strangles.
We can see that a long strangle and only holding the position during earnings in Ascena Retail Group Inc returned 18.6%.
Here are the rules we followed:* Test monthly options, which means we are not trading the weekly options (we could so if we chose).
Option trading isn’t about luck — this three minute video will change your trading life forever: Option Trading and TruthOption trading isn’t about luck — this three minute video will change your trading life forever:long 20 Delta Strangle * Monthly Options * Back-test length: two-years * Only Earnings * Holding Period: 4-Days per Earnings EventGross Gain: $114 Gross Loss: -$96 Long Earnings Strangle Return: 18.6% Stock Return: -88.1% Option Out-performance 106.7%We’re going to examine buying and selling out of the money strangles in Ascena Retail Group Inc and find out once and for all what the winning trades have been during earnings releases.By definition trading options during earnings is very risky.
What A Dangerous Stock – Ascena Retail Group Inc (NASDAQ:ASNA)
When I initiated coverage on Ascena Retail Group (NASDAQ:ASNA) I told you the stock was to be avoided.
Gross margin, in terms of dollars, decreased primarily as a result of the decline in comparable sales, which stands to reason.
Now, the decrease in sales stems from intense competition, but the real metric which shows the pain was the comparable sales decline of 8%.
Until comparable sales stabilize, this one is dangerous.
They were down primarily due to reduced foot traffic across all segments, and comparable sales were down in all segments, some seeing double digit declines.