Unusual Options Activity In Pitney Bowes

Unusual Options Activity In Pitney Bowes
February 05 05:18 2019 Print This Article

Pitney Bowes Inc. offers customer information management, location intelligence, and customer engagement products and solutions in the United States and internationally.  The company provides commerce solutions in the areas of ecommerce, shipping, mailing, and data.  For example, their solutions help small businesses compare package rates between carriers to best meet their customer requirements and deliver like the big guys.

Today I noticed unusual options activity in Pitney Bowes.  In particular there was of ton of put option buying at the $6 and $7 strike price that expires on February 15th.  Thus, there options are considered very short dated options that expire in two weeks. 

What’s of interest is the Pitney Bowes announces earnings before the Markets open on Tuesday.  The stock price of Pitney Bowes has been in a steady decline since 2015. 

And during that decline, the stock has sold off after announce earnings the last 6 out of 8 earnings announcement and each sell off has been approximately $1 – $2. 

If the stock sells off again and drops about $1-$2, the drop could fall near the monthly demand zone at $4.

However, keep in mind that stocks that are cheap can get cheaper.   Stay away from this stock until the chart shows some concrete signs of a reversal.

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rollandthomas
rollandthomas

I'm a retail investor like most of you and learning everyday, but I have been educated and trained to identified the Smart Money on the charts to pick up whatever crumbs they leave behind.

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