Farfetch Limited Class A
22.77 - 23.34
5.99 - 31.88
Echofin Members Consensus
SELL TO CLOSE 50% $FTCH AUG 21st 26.00 CALLS @ 2.65 NOTE: $FTCH reports earnings after the close today and I am going to close half the position at near breakeven. The Open Interest in the SUG 32 calls has risen steadily since the UOA which indicates the original buyers are still holding. Let's see how this plays out post earnings.
Good morning, I learned just this morning that I will have to do some last minute traveling today to deal with a minor family emergency. This. means I will not be around for most of today's session. I am sorry for the inconvenience and will make it up to you next week. Here are just a few matters I want to address: 1) The S & P futures are recovering some of the overnight drop due to better than expected jobs numbers but we could still have some stalling as we await the outcome of ongoing stimulus negotiations. So I am expecting either some sideways chop or a slow grind higher. If the stimulus negotiations fall apart then we can look for a move back towards the 3300 area. 2) $TER $FTCH & $SBUX are the current positions after getting stopped out of $CHWY. I am not done with $CHWY yet and will be back in as soon as it settles. I am thinking $CHWY could trade to the low 70s very quickly once it takes out the 59.50 area.
Next Dividend Date
Farfetch Ltd. engages in the provision of technology platform for the luxury fashion industry. It operates through the following segments: Digital Platform, Brand Platform, and In-Store. The Digital Platform segment activities include the Farfetch Marketplace, FPS, BrownsFashion.com, StadiumGoods.com, and Farfetch Store. The Brand Platform segment is comprised of design, production, brand development and wholesale distribution of brands. The In-Store segment covers the activities of group-operated stores including Browns, Stadium Goods and certain brands in the New Guards portfolio. Its products include womenswear, menswear, kidswear, vintage, fine watches, and fine jewelry. The company was founded by José Manuel Ferreira Neves in 2007 and is headquartered in London, the United Kingdom.
CEO: José Manuel Neves
HQ: The Bower London, London Greater