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Olli

✅ STOCK REVIEW: $OLLIThis week, we initiated a cautious buying strategy for NASDAQ:OLLI as it retracted to a strategic entry point, referred to as the low cheat for those who have read the Minervini books. THE BUY The buy signal was activated on February 20th when its price surpassed the peak from February 16th. Although our entry price at $79.18 was slightly higher than anticipated, we limited our purchase to a quarter of the planned position, setting a stop-loss at $72.30, which equates to a risk of 8.64%. FOLLOW THROUGH ACTION After the stock remained within the range of the breakout bar for a couple of days, it began to ascend, prompting us to increase our stake at $81.84. Consequently, we adjusted the stop-loss for the entire position to $73.80. Our strategy of gradual investment as the stock moves in our favor has allowed us to hold a half position with an adjusted average risk of 8.28%. Analyzing the chart, a decline to our stop-loss level would suggest an unusual market behavior, indicating a potential misjudgment in our timing. Ideally, the stock would stabilize around $83.20, enabling us to escalate our investment to a full position while minimizing risk by adjusting the stop-loss. Our proactive and incremental buying approach positions us advantageously, allowing for early entry without necessitating the formation of a handle. Despite an incomplete Stage 2 subsequent confirmations have reinforced our initial purchase decision.
NASDAQ:OLLILong
by TintinTrading
Ollie's Bargain (OLLI) Rides on Business Model, Customer ReachOllie's Bargain Outlet Holdings, Inc. OLLI continues to excel due to its unique business model of "buying cheap and selling cheap." This approach, combined with cost-containment efforts, a focus on store productivity and the expansion of its customer loyalty program, Ollie's Army, has solidified its position in the market. The company’s success can be attributed to its ability to offer compelling deals that resonate well with consumers. No wonder, Ollie's Bargain’s favorable vendor relationships are also a key to growth. Business Model Resonates Well With Customers Ollie's Bargain’s focus on value-driven merchandise assortments positioned it well to capitalize on opportunities in the marketplace and effectively meet consumer demand. Ollie's Army continued to be a major sales driver, with membership increasing continuously. The company ended the second quarter of fiscal 2023 with 13.5 million active Ollie's Army members, which accounted for slightly more than 80% of sales. Ollie's Bargain’s commitment to providing brand-name and closeout merchandise at attractive price points has resulted in favorable responses from customers. The company remains steadfast in its commitment to delivering superior deals, enhancing operating margins and expanding its store network. Ollie's Bargain stands to benefit from a favorable closeout environment and increased trade-down activity, aligning with its growth objectives. This company has set ambitious targets for fiscal 2023, with net sales projected between $2.076 billion and $2.091 billion, marking a significant increase compared to the $1.827 billion reported in fiscal 2022. Ollie's Bargain also anticipates a robust improvement in comparable store sales in the range of 4-4.5%, a noteworthy turnaround from the 3% decline reported in the previous fiscal year. Store Growth Opportunities In terms of store expansion, Ollie's Bargain plans to have more than 1,050 stores in the long run, aiming to open 50 to 55 stores annually. Ollie's Bargain increased its store base at a CAGR of 11.5% from 303 stores in fiscal 2018 to 468 stores in fiscal 2022. In the preceding two fiscal years, Ollie's Bargain opened 40 and 46 stores, respectively. Looking at fiscal 2023, the company plans to open 45 new stores, offset by one closure, and remodel 30 to 40 stores. Management's strategy for the year includes opening 23 new stores in the third quarter. Importantly, Ollie's Bargain's new store real estate model prioritizes flexibility and focuses on the store size between 25,000 and 35,000 square feet. The company targets new store sales of about $4 million in the first full year of operations. Ollie's Bargain’s strategic endeavors position the stock firmly for growth. Based in Harrisburg, PA, the company has defied industry trends, with its stock rallying by an impressive 52.5% year to date against the industry's 27.8% decline.
NASDAQ:OLLILong
by DEXWireNews
OLLI Bearish inclined naked calls - 18 Dec expiryDecember's Secondary Trade This trade is slightly more risky and is the opposite of the general market movement (bullish). I shortlisted Ollies out from the category of Discount Outlets from Finviz screener. Unlike the rest of the market that gapped up, this category fell after the 9 Nov US election news. This was one of the reasons why I feel the company's stock direction in the shorter term will be somewhat opposite of the market especially if there are vaccine related news. OLLI also had a good price for a strike above the current Support and Resistance line and is a good 19% from the entry price. I'm slightly worried about the Earning release on the 2 Dec, but i think with potential vaccine news traders will be optimistic and move their money to COVID19 recovering sectors like Travel etc. I will be hedging this trade with a bullish VXX trade, paid by the Dec premiums Sold 18 CALLs @ 1.85, Strike 105 BP block: 19k RSI: 51 Max gain est: $3330
NASDAQ:OLLIShort
by Ronin_trader
$OLLI Set To Keep Climbing$OLLI had a big day yesterday, rising 15% on the back of strong Q3 numbers. $OLLI still has room to run as it is still down 32% off its 52-week highs. Here are the highlights from Q3: Ollie's Bargain Outlet Holdings (NASDAQ:OLLI) is higher after comparable sales fall by 1.4% in Q3 to miss the consensus estimate for a 1.1% drop, but the company's top line and bottom line both came in ahead of expectations. The company says margins improved slightly in the quarter as an increase in merchandise margin, partially offset by higher supply chain costs as a percentage of net sales The retailer expects FY20 revenue of $1.419B to $1.43B vs. $1.43B and FY20 $1.95 to $2.00 vs. $1.99 consensus. Ollie's also disclosed the hiring of John Swygert as CEO following the death of Mark Butler. The day's high of $70.99 is the key number to watch. We must get above there for the all-clear to be in. As always, use protective stops and trade with caution. Good luck to all!
NASDAQ:OLLILong
by InsiderFinancial