Mike Khouw breaks down a 'strangle swap in Advance Auto Parts.
There's a struggling auto parts stock where a notable activist is involved that could be ripe for a turnaround... but it may take some time. I'll review how I'm playing it with options. Since hitting its all-time high in Jan. 2022, Advance Auto Parts , which reports earnings this week, has grossly underperformed the stock market overall, even as its two most well-known competitors, Autozone and O'Reilly Automotive, outperformed significantly.
All opinions expressed by the CNBC Pro contributors are solely their opinions and do not reflect the opinions of CNBC, NBC UNIVERSAL, their parent company or affiliates, and may have been previously disseminated by them on television, radio, internet or another medium. THE ABOVE CONTENT IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY .
Click here for the full disclaimer.
Markets Personal Finance Advance Auto Parts Inc Autozone Inc Breaking News: Business Retail Industry Business News
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
An effective, cheap hedge on Apple shares into earnings, according to Mike KhouwThe options trader describes a 'put spread collar' trade on Apple.
Read more »
Nike vs. Lululemon: Pairs trading explained and how to execute one with optionsMike Khouw explains the common trading technique used by some of the best on Wall Street.
Read more »
A market hedge for those worried neither Trump nor Harris will do anything about the growing fiscal deficitMike Khouw describes a put spread in the TLT bond ETF.
Read more »
Tesla, Alphabet or GM? A breakdown of the autonomous driving battle and how to trade itMike Khouw breaks down how autonomous driving will impact Tesla, Alphabet and GM shares.
Read more »
Playing some oil and gas stocks that could get a Trump boost using optionsMike Khouw breaks down a trade in Schlumberger and Halliburton.
Read more »
An options trade on a Boeing supplier that could get dragged down by its customer's woesMike Khouw breaks down a calendar put spread in Howmet Aerospace.
Read more »