Usd inr binary options - Sambad Results

Wall Street Week Ahead for the trading week beginning June 29th, 2020

Good Saturday afternoon to all of you here on StockMarket. I hope everyone on this sub made out pretty nicely in the market this past week, and is ready for the new trading week ahead.
Here is everything you need to know to get you ready for the trading week beginning June 29th, 2020.

Fragile economic recovery faces first big test with June jobs report in the week ahead - (Source)

The second half of 2020 is nearly here, and now it’s up to the economy to prove that the stock market was right about a sharp comeback in growth.
The first big test will be the June jobs report, out on Thursday instead of its usual Friday release due to the July 4 holiday. According to Refinitiv, economists expect 3 million jobs were created, after May’s surprise gain of 2.5 million payrolls beat forecasts by a whopping 10 million jobs.
“If it’s stronger, it will suggest that the improvement is quicker, and that’s kind of what we saw in May with better retail sales, confidence was coming back a little and auto sales were better,” said Kevin Cummins, chief U.S. economist at NatWest Markets.
The second quarter winds down in the week ahead as investors are hopeful about the recovery but warily eyeing rising cases of Covid-19 in a number of states.
Stocks were lower for the week, as markets reacted to rising cases in Texas, Florida and other states. Investors worry about the threat to the economic rebound as those states move to curb some activities. The S&P 500 is up more than 16% so far for the second quarter, and it is down nearly 7% for the year. Friday’s losses wiped out the last of the index’s June gains.
“I think the stock market is looking beyond the valley. It is expecting a V-shaped economic recovery and a solid 2021 earnings picture,” said Sam Stovall, chief investment strategist at CFRA. He expects large-cap company earnings to be up 30% next year, and small-cap profits to bounce back by 140%.
“I think the second half needs to be a ‘show me’ period, proving that our optimism was justified, and we’ll need to see continued improvement in the economic data, and I think we need to see upward revisions to earnings estimates,” Stovall said.
Liz Ann Sonders, chief investment strategist at Charles Schwab, said she expects the recovery will not be as smooth as some expect, particularly considering the resurgence of virus outbreaks in sunbelt states and California.
“Now as I watch what’s happening I think it’s more likely to be rolling Ws,” rather than a V, she said. “It’s not just predicated on a second wave. I’m not sure we ever exited the first wave.”
Even without actual state shutdowns, the virus could slow economic activity. “That doesn’t mean businesses won’t shut themselves down, or consumers won’t back down more,” she said.

Election ahead

In the second half of the year, the market should turn its attention to the election, but Sonders does not expect much reaction to it until after Labor Day. RealClearPolitics average of polls shows Democrat Joe Biden leading President Donald Trump by 10 percentage points, and the odds of a Democratic sweep have been rising.
Biden has said he would raise corporate taxes, and some strategists say a sweep would be bad for business, due to increased regulation and higher taxes. Trump is expected to continue using tariffs, which unsettles the market, though both candidates are expected to take a tough stance on China.
“If it looks like the Senate stays Republican than there’s less to worry about in terms of policy changes,” Sonders said. “I don’t think it’s ever as binary as some people think.”
Stovall said a quick study shows that in the four presidential election years back to 1960, where the first quarter was negative, and the second quarter positive, stocks made gains in the second half.
Those were 1960 when John Kennedy took office, 1968, when Richard Nixon won; 1980 when Ronald Reagan’s was elected to his first term; and 1992, the first win by Bill Clinton. Coincidentally, in all of those years, the opposing party gained control of the White House.

Stimulus

The stocks market’s strong second-quarter showing came after the Fed and Congress moved quickly to inject the economy with trillions in stimulus. That unlocked credit markets and triggered a stampede by companies to restructure or issue debt. About $2 trillion in fiscal spending was aimed at consumers and businesses, who were in sudden need of cash after the abrupt shutdown of the economy.
Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin both testify before the House Financial Services Committee Tuesday on the response to the virus. That will be important as markets look ahead to another fiscal package from Congress this summer, which is expected to provide aid to states and local governments; extend some enhanced benefits for unemployment, and provide more support for businesses.
“So much of it is still so fluid. There are a bunch of fiscal items that are rolling off. There’s talk about another fiscal stimulus payment like they did last time with a $1,200 check,” said Cummins.
Strategists expect Congress to bicker about the size and content of the stimulus package but ultimately come to an agreement before enhanced unemployment benefits run out at the end of July. Cummins said state budgets begin a new year July 1, and states with a critical need for funds may have to start letting workers go, as they cut expenses.
The Trump administration has indicated the jobs report Thursday could help shape the fiscal package, depending on what it shows. The federal supplement to state unemployment benefits has been $600 a week, but there is opposition to extending that, and strategists expect it to be at least cut in half.
The unemployment rate is expected to fall to 12.2% from 13.3% in May. Cummins said he had expected 7.2 million jobs, well above the consensus, and an unemployment rate of 11.8%.
As of last week, nearly 20 million people were collecting state unemployment benefits, and millions more were collecting under a federal pandemic aid program.
“The magnitude here and whether it’s 3 million or 7 million is kind of hard to handicap to begin with,” Cummins said. Economists have preferred to look at unemployment claims as a better real time read of employment, but they now say those numbers could be impacted by slow reporting or double filing.
“There’s no clarity on how you define the unemployed in the Covid 19 environment,” said Chris Rupkey, chief financial economist at MUFG Union Bank. “If there’s 30 million people receiving insurance, unemployment should be above 20%.

This past week saw the following moves in the S&P:

(CLICK HERE FOR THE FULL S&P TREE MAP FOR THE PAST WEEK!)

Major Indices for this past week:

(CLICK HERE FOR THE MAJOR INDICES FOR THE PAST WEEK!)

Major Futures Markets as of Friday's close:

(CLICK HERE FOR THE MAJOR FUTURES INDICES AS OF FRIDAY!)

Economic Calendar for the Week Ahead:

(CLICK HERE FOR THE FULL ECONOMIC CALENDAR FOR THE WEEK AHEAD!)

Percentage Changes for the Major Indices, WTD, MTD, QTD, YTD as of Friday's close:

(CLICK HERE FOR THE CHART!)

S&P Sectors for the Past Week:

(CLICK HERE FOR THE CHART!)

Major Indices Pullback/Correction Levels as of Friday's close:

(CLICK HERE FOR THE CHART!

Major Indices Rally Levels as of Friday's close:

(CLICK HERE FOR THE CHART!)

Most Anticipated Earnings Releases for this week:

(CLICK HERE FOR THE CHART!)

Here are the upcoming IPO's for this week:

(CLICK HERE FOR THE CHART!)

Friday's Stock Analyst Upgrades & Downgrades:

(CLICK HERE FOR THE CHART LINK #1!)
(CLICK HERE FOR THE CHART LINK #2!)

When Will The Economy Recover?

The economy is moving in the right direction, as many economic data points are coming in substantially better than what the economists expected. From May job gains coming in more than 10 million higher than expected and retail sales soaring a record 18%, how quickly the economy is bouncing back has surprised nearly everyone.
“As good as the recent economic data has been, we want to make it clear, it could still take years for the economy to fully come back,” explained LPL Financial Senior Market Strategist Ryan Detrick. “Think of it like building a house. You get all the big stuff done early, then some of the small things take so much longer to finish; I’m looking at you crown molding.”
Here’s the hard truth; it might take years for all of the jobs that were lost to fully recover. In fact, during the 10 recessions since 1950, it took an average of 30 months for lost jobs to finally come back. As the LPL Chart of the Day shows, recoveries have taken much longer lately. In fact, it took four years for the jobs lost during the tech bubble recession of the early 2000s to come back and more than six years for all the jobs lost to come back after the Great Recession. Given many more jobs were lost during this recession, it could takes many years before all of them indeed come back.
(CLICK HERE FOR THE CHART!)
The economy is going the right direction, and if there is no major second wave outbreak it could surprise to the upside. Importantly, this economic recovery will still be a long and bumpy road.

Nasdaq - Russell Spread Pulling the Rubber Band Tight

The Nasdaq has been outperforming every other US-based equity index over the last year, and nowhere has the disparity been wider than with small caps. The chart below compares the performance of the Nasdaq and Russell 2000 over the last 12 months. While the performance disparity is wide now, through last summer, the two indices were tracking each other nearly step for step. Then last fall, the Nasdaq started to steadily pull ahead before really separating itself in the bounce off the March lows. Just to illustrate how wide the gap between the two indices has become, over the last six months, the Nasdaq is up 11.9% compared to a decline of 15.8% for the Russell 2000. That's wide!
(CLICK HERE FOR THE CHART!)
In order to put the recent performance disparity between the two indices into perspective, the chart below shows the rolling six-month performance spread between the two indices going back to 1980. With a current spread of 27.7 percentage points, the gap between the two indices hasn't been this wide since the days of the dot-com boom. Back in February 2000, the spread between the two indices widened out to more than 50 percentage points. Not only was that period extreme, but ten months before that extreme reading, the spread also widened out to more than 51 percentage points. The current spread is wide, but with two separate periods in 1999 and 2000 where the performance gap between the two indices was nearly double the current level, that was a period where the Nasdaq REALLY outperformed small caps.
(CLICK HERE FOR THE CHART!)
To illustrate the magnitude of the Nasdaq's outperformance over the Russell 2000 from late 1998 through early 2000, the chart below shows the performance of the two indices beginning in October 1998. From that point right on through March of 2000 when the Nasdaq peaked, the Nasdaq rallied more than 200% compared to the Russell 2000 which was up a relatively meager 64%. In any other environment, a 64% gain in less than a year and a half would be excellent, but when it was under the shadow of the surging Nasdaq, it seemed like a pittance.
(CLICK HERE FOR THE CHART!)

Share Price Performance

The US equity market made its most recent peak on June 8th. From the March 23rd low through June 8th, the average stock in the large-cap Russell 1,000 was up more than 65%! Since June 8th, the average stock in the index is down more than 11%. Below we have broken the index into deciles (10 groups of 100 stocks each) based on simple share price as of June 8th. Decile 1 (marked "Highest" in the chart) contains the 10% of stocks with the highest share prices. Decile 10 (marked "Lowest" in the chart) contains the 10% of stocks with the lowest share prices. As shown, the highest priced decile of stocks are down an average of just 4.8% since June 8th, while the lowest priced decile of stocks are down an average of 21.5%. It's pretty remarkable how performance gets weaker and weaker the lower the share price gets.
(CLICK HERE FOR THE CHART!)

Nasdaq 2% Pullbacks From Record Highs

It's hard to believe that sentiment can change so fast in the market that one day investors and traders are bidding up stocks to record highs, but then the next day sell them so much that it takes the market down over 2%. That's exactly what happened not only in the last two days but also two weeks ago. While the 5% pullback from a record high back on June 10th took the Nasdaq back below its February high, this time around, the Nasdaq has been able to hold above those February highs.
(CLICK HERE FOR THE CHART!)
In the entire history of the Nasdaq, there have only been 12 periods prior to this week where the Nasdaq closed at an all-time high on one day but dropped more than 2% the next day. Those occurrences are highlighted in the table below along with the index's performance over the following week, month, three months, six months, and one year. We have also highlighted each occurrence that followed a prior one by less than three months in gray. What immediately stands out in the table is how much gray shading there is. In other words, these types of events tend to happen in bunches, and if you count the original occurrence in each of the bunches, the only two occurrences that didn't come within three months of another occurrence (either before or after) were July 1986 and May 2017.
In terms of market performance following prior occurrences, the Nasdaq's average and median returns were generally below average, but there is a pretty big caveat. While the average one-year performance was a gain of 1.0% and a decline of 23.6% on a median basis, the six occurrences that came between December 1999 and March 2000 all essentially cover the same period (which was very bad) and skew the results. Likewise, the three occurrences in the two-month stretch from late November 1998 through January 1999 where the Nasdaq saw strong gains also involves a degree of double-counting. As a result of these performances at either end of the extreme, it's hard to draw any trends from the prior occurrences except to say that they are typically followed by big moves in either direction. The only time the Nasdaq wasn't either 20% higher or lower one year later was in 1986.
(CLICK HERE FOR THE CHART!)

Christmas in July: NASDAQ’s Mid-Year Rally

In the mid-1980s the market began to evolve into a tech-driven market and the market’s focus in early summer shifted to the outlook for second quarter earnings of technology companies. Over the last three trading days of June and the first nine trading days in July, NASDAQ typically enjoys a rally. This 12-day run has been up 27 of the past 35 years with an average historical gain of 2.5%. This year the rally may have begun a day early, today and could last until on or around July 14.
After the bursting of the tech bubble in 2000, NASDAQ’s mid-year rally had a spotty track record from 2002 until 2009 with three appearances and five no-shows in those years. However, it has been quite solid over the last ten years, up nine times with a single mild 0.1% loss in 2015. Last year, NASDAQ advanced a solid 4.6% during the 12-day span.
(CLICK HERE FOR THE CHART!)

Tech Historically Leads Market Higher Until Q3 of Election Years

As of yesterday’s close DJIA was down 8.8% year-to-date. S&P 500 was down 3.5% and NASDAQ was up 12.1%. Compared to the typical election year, DJIA and S&P 500 are below historical average performance while NASDAQ is above average. However this year has not been a typical election year. Due to the covid-19, the market suffered the damage of the shortest bear market on record and a new bull market all before the first half of the year has come to an end.
In the surrounding Seasonal Patten Charts of DJIA, S&P 500 and NASDAQ, we compare 2020 (as of yesterday’s close) to All Years and Election Years. This year’s performance has been plotted on the right vertical axis in each chart. This year certainly has been unlike any other however some notable observations can be made. For DJIA and S&P 500, January, February and approximately half of March have historically been weak, on average, in election years. This year the bear market ended on March 23. Following those past weak starts, DJIA and S&P 500 historically enjoyed strength lasting into September before experiencing any significant pullback followed by a nice yearend rally. NASDAQ’s election year pattern differs somewhat with six fewer years of data, but it does hint to a possible late Q3 peak.
(CLICK HERE FOR THE CHART!)
(CLICK HERE FOR THE CHART!)
(CLICK HERE FOR THE CHART!)

STOCK MARKET VIDEO: Stock Market Analysis Video for Week Ending June 26th, 2020

(CLICK HERE FOR THE YOUTUBE VIDEO!

STOCK MARKET VIDEO: ShadowTrader Video Weekly 6.28.20

(CLICK HERE FOR THE YOUTUBE VIDEO!)
Here are the most notable companies (tickers) reporting earnings in this upcoming trading week ahead-
  • $MU
  • $GIS
  • $FDX
  • $CAG
  • $STZ
  • $CPRI
  • $XYF
  • $AYI
  • $MEI
  • $UNF
  • $CDMO
  • $SCHN
  • $LNN
  • $CULP
  • $XELA
  • $KFY
  • $RTIX
  • $JRSH
(CLICK HERE FOR NEXT WEEK'S MOST NOTABLE EARNINGS RELEASES!)
(CLICK HERE FOR NEXT WEEK'S HIGHEST VOLATILITY EARNINGS RELEASES!)
(CLICK HERE FOR MOST NOTABLE EARNINGS RELEASES FOR THE NEXT 4 WEEKS!)
Below are some of the notable companies coming out with earnings releases this upcoming trading week ahead which includes the date/time of release & consensus estimates courtesy of Earnings Whispers:

Monday 6.29.20 Before Market Open:

([CLICK HERE FOR MONDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Monday 6.29.20 After Market Close:

(CLICK HERE FOR MONDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.30.20 Before Market Open:

(CLICK HERE FOR TUESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Tuesday 6.30.20 After Market Close:

(CLICK HERE FOR TUESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 7.1.20 Before Market Open:

(CLICK HERE FOR WEDNESDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Wednesday 7.1.20 After Market Close:

([CLICK HERE FOR WEDNESDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Thursday 7.2.20 Before Market Open:

(CLICK HERE FOR THURSDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!)

Thursday 7.2.20 After Market Close:

([CLICK HERE FOR THURSDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Friday 7.3.20 Before Market Open:

([CLICK HERE FOR FRIDAY'S PRE-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Friday 7.3.20 After Market Close:

([CLICK HERE FOR FRIDAY'S AFTER-MARKET EARNINGS TIME & ESTIMATES!]())
NONE.

Micron Technology, Inc. $48.49

Micron Technology, Inc. (MU) is confirmed to report earnings at approximately 4:00 PM ET on Monday, June 29, 2020. The consensus earnings estimate is $0.71 per share on revenue of $5.27 billion and the Earnings Whisper ® number is $0.70 per share. Investor sentiment going into the company's earnings release has 71% expecting an earnings beat The company's guidance was for earnings of $0.40 to $0.70 per share. Consensus estimates are for earnings to decline year-over-year by 29.00% with revenue increasing by 10.07%. Short interest has increased by 7.6% since the company's last earnings release while the stock has drifted higher by 8.0% from its open following the earnings release to be 0.9% below its 200 day moving average of $48.94. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 46,037 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 8.4% move in recent quarters.

(CLICK HERE FOR THE CHART!)

General Mills, Inc. $59.21

General Mills, Inc. (GIS) is confirmed to report earnings at approximately 7:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.04 per share on revenue of $4.89 billion and the Earnings Whisper ® number is $1.10 per share. Investor sentiment going into the company's earnings release has 69% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 25.30% with revenue increasing by 17.50%. Short interest has decreased by 9.4% since the company's last earnings release while the stock has drifted higher by 2.7% from its open following the earnings release to be 7.8% above its 200 day moving average of $54.91. Overall earnings estimates have been revised higher since the company's last earnings release. On Wednesday, June 24, 2020 there was some notable buying of 8,573 contracts of the $60.00 call expiring on Friday, July 17, 2020. Option traders are pricing in a 6.6% move on earnings and the stock has averaged a 3.0% move in recent quarters.

(CLICK HERE FOR THE CHART!)

FedEx Corp. $130.08

FedEx Corp. (FDX) is confirmed to report earnings at approximately 4:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.42 per share on revenue of $16.31 billion and the Earnings Whisper ® number is $1.65 per share. Investor sentiment going into the company's earnings release has 61% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 71.66% with revenue decreasing by 8.41%. Short interest has increased by 10.4% since the company's last earnings release while the stock has drifted higher by 43.9% from its open following the earnings release to be 7.6% below its 200 day moving average of $140.75. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 25, 2020 there was some notable buying of 1,768 contracts of the $145.00 call expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.6% move on earnings and the stock has averaged a 7.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Conagra Brands, Inc. $32.64

Conagra Brands, Inc. (CAG) is confirmed to report earnings at approximately 7:30 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.66 per share on revenue of $3.24 billion and the Earnings Whisper ® number is $0.69 per share. Investor sentiment going into the company's earnings release has 66% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 83.33% with revenue increasing by 23.99%. Short interest has decreased by 38.3% since the company's last earnings release while the stock has drifted higher by 6.3% from its open following the earnings release to be 6.4% above its 200 day moving average of $30.68. Overall earnings estimates have been revised higher since the company's last earnings release. On Thursday, June 11, 2020 there was some notable buying of 3,239 contracts of the $29.00 put expiring on Thursday, July 2, 2020. Option traders are pricing in a 4.7% move on earnings and the stock has averaged a 10.8% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Constellation Brands, Inc. $168.99

Constellation Brands, Inc. (STZ) is confirmed to report earnings at approximately 7:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.91 per share on revenue of $1.97 billion and the Earnings Whisper ® number is $2.12 per share. Investor sentiment going into the company's earnings release has 53% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 13.57% with revenue decreasing by 13.69%. Short interest has increased by 20.8% since the company's last earnings release while the stock has drifted higher by 25.2% from its open following the earnings release to be 5.2% below its 200 day moving average of $178.34. Overall earnings estimates have been revised lower since the company's last earnings release. On Tuesday, June 9, 2020 there was some notable buying of 888 contracts of the $195.00 call expiring on Friday, October 16, 2020. Option traders are pricing in a 3.1% move on earnings and the stock has averaged a 5.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Capri Holdings Limited $14.37

Capri Holdings Limited (CPRI) is confirmed to report earnings at approximately 6:30 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $0.32 per share on revenue of $1.18 billion and the Earnings Whisper ® number is $0.34 per share. Investor sentiment going into the company's earnings release has 39% expecting an earnings beat The company's guidance was for earnings of $0.68 to $0.73 per share. Consensus estimates are for earnings to decline year-over-year by 49.21% with revenue decreasing by 12.20%. Short interest has increased by 35.1% since the company's last earnings release while the stock has drifted lower by 56.7% from its open following the earnings release to be 44.0% below its 200 day moving average of $25.67. Overall earnings estimates have been revised lower since the company's last earnings release. On Thursday, June 4, 2020 there was some notable buying of 11,042 contracts of the $17.50 put expiring on Friday, August 21, 2020. Option traders are pricing in a 10.8% move on earnings and the stock has averaged a 6.7% move in recent quarters.

(CLICK HERE FOR THE CHART!)

X Financial $0.92

X Financial (XYF) is confirmed to report earnings at approximately 5:00 PM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.09 per share. Investor sentiment going into the company's earnings release has 25% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 55.00% with revenue increasing by 763.52%. Short interest has increased by 1.0% since the company's last earnings release while the stock has drifted lower by 1.2% from its open following the earnings release to be 37.7% below its 200 day moving average of $1.47. Overall earnings estimates have been unchanged since the company's last earnings release. The stock has averaged a 4.9% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

Acuity Brands, Inc. $84.45

Acuity Brands, Inc. (AYI) is confirmed to report earnings at approximately 8:40 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $1.14 per share on revenue of $809.25 million and the Earnings Whisper ® number is $1.09 per share. Investor sentiment going into the company's earnings release has 42% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 51.90% with revenue decreasing by 14.60%. Short interest has increased by 48.5% since the company's last earnings release while the stock has drifted higher by 2.4% from its open following the earnings release to be 23.4% below its 200 day moving average of $110.25. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 9.2% move on earnings and the stock has averaged a 8.2% move in recent quarters.

(CLICK HERE FOR THE CHART!)

Methode Electronics, Inc. $30.02

Methode Electronics, Inc. (MEI) is confirmed to report earnings at approximately 7:00 AM ET on Tuesday, June 30, 2020. The consensus earnings estimate is $0.77 per share on revenue of $211.39 million. Investor sentiment going into the company's earnings release has 45% expecting an earnings beat. Consensus estimates are for year-over-year earnings growth of 24.19% with revenue decreasing by 20.53%. Short interest has increased by 6.2% since the company's last earnings release while the stock has drifted lower by 1.7% from its open following the earnings release to be 9.0% below its 200 day moving average of $32.97. Overall earnings estimates have been revised lower since the company's last earnings release. Option traders are pricing in a 18.4% move on earnings and the stock has averaged a 8.1% move in recent quarters.

(CLICK HERE FOR THE CHART!)

UniFirst Corporation $170.54

UniFirst Corporation (UNF) is confirmed to report earnings at approximately 8:00 AM ET on Wednesday, July 1, 2020. The consensus earnings estimate is $1.17 per share on revenue of $378.28 million and the Earnings Whisper ® number is $1.25 per share. Investor sentiment going into the company's earnings release has 44% expecting an earnings beat. Consensus estimates are for earnings to decline year-over-year by 52.44% with revenue decreasing by 16.63%. Short interest has decreased by 2.7% since the company's last earnings release while the stock has drifted higher by 14.1% from its open following the earnings release to be 8.4% below its 200 day moving average of $186.14. Overall earnings estimates have been revised lower since the company's last earnings release. The stock has averaged a 7.0% move on earnings in recent quarters.

(CLICK HERE FOR THE CHART!)

DISCUSS!

What are you all watching for in this upcoming trading week?
I hope you all have a wonderful weekend and a great trading week ahead StockMarket.
submitted by bigbear0083 to StockMarket [link] [comments]

2 months back at trading (update) and some new questions

Hi all, I posted a thread back a few months ago when I started getting seriously back into trading after 20 years away. I thought I'd post an update with some notes on how I'm progressing. I like to type, so settle in. Maybe it'll help new traders who are exactly where I was 2 months ago, I dunno. Or maybe you'll wonder why you spent 3 minutes reading this. Risk/reward, yo.
I'm trading 5k on TastyWorks. I'm a newcomer to theta positive strategies and have done about two thirds of my overall trades in this style. However, most of my experience in trading in the past has been intraday timeframe oriented chart reading and momentum stuff. I learned almost everything "new" that I'm doing from TastyTrade, /options, /thetagang, and Option Alpha. I've enjoyed the material coming from esinvests YouTube channel quite a bit as well. The theta gang type strategies I've done have been almost entirely around binary event IV contraction (mostly earnings, but not always) and in most cases, capped to about $250 in risk per position.
The raw numbers:
Net PnL : +247
Commissions paid: -155
Fees: -42
Right away what jumps out is something that was indicated by realdeal43 and PapaCharlie9 in my previous thread. This is a tough, grindy way to trade a small account. It reminds me a little bit of when I was rising through the stakes in online poker, playing $2/4 limit holdem. Even if you're a profitable player in that game, beating the rake over the long term is very, very hard. Here, over 3 months of trading a conservative style with mostly defined risk strategies, my commissions are roughly equal to my net PnL. That is just insane, and I don't even think I've been overtrading.
55 trades total, win rate of 60%
22 neutral / other trades
Biggest wins:
Biggest losses:
This is pretty much where I expected to be while learning a bunch of new trading techniques. And no, this is not a large sample size so I have no idea whether or not I can be profitable trading this way (yet). I am heartened by the fact that I seem to be hitting my earnings trades and selling quick spikes in IV (like weed cures Corona day). I'm disheartened that I've went against my principles several times, holding trades for longer than I originally intended, or letting losses mount, believing that I could roll or manage my way out of trouble.
I still feel like I am going against my nature to some degree. My trading in years past was scalping oriented and simple. I was taught that a good trade was right almost immediately. If it went against me, I'd cut it immediately and look for a better entry. This is absolutely nothing like that. A good trade may take weeks to develop. It's been really hard for me to sit through the troughs and it's been even harder to watch an okay profit get taken out by a big swing in delta. Part of me wonders if I am cut out for this style at all and if I shouldn't just take my 5k and start trading micro futures. But that's a different post...
I'll share a couple of my meager learnings:


My new questions :

That's enough of this wall of text for now. If you made it this far, I salute you, because this shit was even longer than my last post.
submitted by bogglor to options [link] [comments]

Everything You Always Wanted To Know About Swaps* (*But Were Afraid To Ask)

Hello, dummies
It's your old pal, Fuzzy.
As I'm sure you've all noticed, a lot of the stuff that gets posted here is - to put it delicately - fucking ridiculous. More backwards-ass shit gets posted to wallstreetbets than you'd see on a Westboro Baptist community message board. I mean, I had a look at the daily thread yesterday and..... yeesh. I know, I know. We all make like the divine Laura Dern circa 1992 on the daily and stick our hands deep into this steaming heap of shit to find the nuggets of valuable and/or hilarious information within (thanks for reading, BTW). I agree. I love it just the way it is too. That's what makes WSB great.
What I'm getting at is that a lot of the stuff that gets posted here - notwithstanding it being funny or interesting - is just... wrong. Like, fucking your cousin wrong. And to be clear, I mean the fucking your *first* cousin kinda wrong, before my Southerners in the back get all het up (simmer down, Billy Ray - I know Mabel's twice removed on your grand-sister's side). Truly, I try to let it slide. I do my bit to try and put you on the right path. Most of the time, I sleep easy no matter how badly I've seen someone explain what a bank liquidity crisis is. But out of all of those tens of thousands of misguided, autistic attempts at understanding the world of high finance, one thing gets so consistently - so *emphatically* - fucked up and misunderstood by you retards that last night I felt obligated at the end of a long work day to pull together this edition of Finance with Fuzzy just for you. It's so serious I'm not even going to make a u/pokimane gag. Have you guessed what it is yet? Here's a clue. It's in the title of the post.
That's right, friends. Today in the neighborhood we're going to talk all about hedging in financial markets - spots, swaps, collars, forwards, CDS, synthetic CDOs, all that fun shit. Don't worry; I'm going to explain what all the scary words mean and how they impact your OTM RH positions along the way.
We're going to break it down like this. (1) "What's a hedge, Fuzzy?" (2) Common Hedging Strategies and (3) All About ISDAs and Credit Default Swaps.
Before we begin. For the nerds and JV traders in the back (and anyone else who needs to hear this up front) - I am simplifying these descriptions for the purposes of this post. I am also obviously not going to try and cover every exotic form of hedge under the sun or give a detailed summation of what caused the financial crisis. If you are interested in something specific ask a question, but don't try and impress me with your Investopedia skills or technical points I didn't cover; I will just be forced to flex my years of IRL experience on you in the comments and you'll look like a big dummy.
TL;DR? Fuck you. There is no TL;DR. You've come this far already. What's a few more paragraphs? Put down the Cheetos and try to concentrate for the next 5-7 minutes. You'll learn something, and I promise I'll be gentle.
Ready? Let's get started.
1. The Tao of Risk: Hedging as a Way of Life
The simplest way to characterize what a hedge 'is' is to imagine every action having a binary outcome. One is bad, one is good. Red lines, green lines; uppie, downie. With me so far? Good. A 'hedge' is simply the employment of a strategy to mitigate the effect of your action having the wrong binary outcome. You wanted X, but you got Z! Frowny face. A hedge strategy introduces a third outcome. If you hedged against the possibility of Z happening, then you can wind up with Y instead. Not as good as X, but not as bad as Z. The technical definition I like to give my idiot juniors is as follows:
Utilization of a defensive strategy to mitigate risk, at a fraction of the cost to capital of the risk itself.
Congratulations. You just finished Hedging 101. "But Fuzzy, that's easy! I just sold a naked call against my 95% OTM put! I'm adequately hedged!". Spoiler alert: you're not (although good work on executing a collar, which I describe below). What I'm talking about here is what would be referred to as a 'perfect hedge'; a binary outcome where downside is totally mitigated by a risk management strategy. That's not how it works IRL. Pay attention; this is the tricky part.
You can't take a single position and conclude that you're adequately hedged because risks are fluid, not static. So you need to constantly adjust your position in order to maximize the value of the hedge and insure your position. You also need to consider exposure to more than one category of risk. There are micro (specific exposure) risks, and macro (trend exposure) risks, and both need to factor into the hedge calculus.
That's why, in the real world, the value of hedging depends entirely on the design of the hedging strategy itself. Here, when we say "value" of the hedge, we're not talking about cash money - we're talking about the intrinsic value of the hedge relative to the the risk profile of your underlying exposure. To achieve this, people hedge dynamically. In wallstreetbets terms, this means that as the value of your position changes, you need to change your hedges too. The idea is to efficiently and continuously distribute and rebalance risk across different states and periods, taking value from states in which the marginal cost of the hedge is low and putting it back into states where marginal cost of the hedge is high, until the shadow value of your underlying exposure is equalized across your positions. The punchline, I guess, is that one static position is a hedge in the same way that the finger paintings you make for your wife's boyfriend are art - it's technically correct, but you're only playing yourself by believing it.
Anyway. Obviously doing this as a small potatoes trader is hard but it's worth taking into account. Enough basic shit. So how does this work in markets?
2. A Hedging Taxonomy
The best place to start here is a practical question. What does a business need to hedge against? Think about the specific risk that an individual business faces. These are legion, so I'm just going to list a few of the key ones that apply to most corporates. (1) You have commodity risk for the shit you buy or the shit you use. (2) You have currency risk for the money you borrow. (3) You have rate risk on the debt you carry. (4) You have offtake risk for the shit you sell. Complicated, right? To help address the many and varied ways that shit can go wrong in a sophisticated market, smart operators like yours truly have devised a whole bundle of different instruments which can help you manage the risk. I might write about some of the more complicated ones in a later post if people are interested (CDO/CLOs, strip/stack hedges and bond swaps with option toggles come to mind) but let's stick to the basics for now.
(i) Swaps
A swap is one of the most common forms of hedge instrument, and they're used by pretty much everyone that can afford them. The language is complicated but the concept isn't, so pay attention and you'll be fine. This is the most important part of this section so it'll be the longest one.
Swaps are derivative contracts with two counterparties (before you ask, you can't trade 'em on an exchange - they're OTC instruments only). They're used to exchange one cash flow for another cash flow of equal expected value; doing this allows you to take speculative positions on certain financial prices or to alter the cash flows of existing assets or liabilities within a business. "Wait, Fuzz; slow down! What do you mean sets of cash flows?". Fear not, little autist. Ol' Fuzz has you covered.
The cash flows I'm talking about are referred to in swap-land as 'legs'. One leg is fixed - a set payment that's the same every time it gets paid - and the other is variable - it fluctuates (typically indexed off the price of the underlying risk that you are speculating on / protecting against). You set it up at the start so that they're notionally equal and the two legs net off; so at open, the swap is a zero NPV instrument. Here's where the fun starts. If the price that you based the variable leg of the swap on changes, the value of the swap will shift; the party on the wrong side of the move ponies up via the variable payment. It's a zero sum game.
I'll give you an example using the most vanilla swap around; an interest rate trade. Here's how it works. You borrow money from a bank, and they charge you a rate of interest. You lock the rate up front, because you're smart like that. But then - quelle surprise! - the rate gets better after you borrow. Now you're bagholding to the tune of, I don't know, 5 bps. Doesn't sound like much but on a billion dollar loan that's a lot of money (a classic example of the kind of 'small, deep hole' that's terrible for profits). Now, if you had a swap contract on the rate before you entered the trade, you're set; if the rate goes down, you get a payment under the swap. If it goes up, whatever payment you're making to the bank is netted off by the fact that you're borrowing at a sub-market rate. Win-win! Or, at least, Lose Less / Lose Less. That's the name of the game in hedging.
There are many different kinds of swaps, some of which are pretty exotic; but they're all different variations on the same theme. If your business has exposure to something which fluctuates in price, you trade swaps to hedge against the fluctuation. The valuation of swaps is also super interesting but I guarantee you that 99% of you won't understand it so I'm not going to try and explain it here although I encourage you to google it if you're interested.
Because they're OTC, none of them are filed publicly. Someeeeeetimes you see an ISDA (dsicussed below) but the confirms themselves (the individual swaps) are not filed. You can usually read about the hedging strategy in a 10-K, though. For what it's worth, most modern credit agreements ban speculative hedging. Top tip: This is occasionally something worth checking in credit agreements when you invest in businesses that are debt issuers - being able to do this increases the risk profile significantly and is particularly important in times of economic volatility (ctrl+f "non-speculative" in the credit agreement to be sure).
(ii) Forwards
A forward is a contract made today for the future delivery of an asset at a pre-agreed price. That's it. "But Fuzzy! That sounds just like a futures contract!". I know. Confusing, right? Just like a futures trade, forwards are generally used in commodity or forex land to protect against price fluctuations. The differences between forwards and futures are small but significant. I'm not going to go into super boring detail because I don't think many of you are commodities traders but it is still an important thing to understand even if you're just an RH jockey, so stick with me.
Just like swaps, forwards are OTC contracts - they're not publicly traded. This is distinct from futures, which are traded on exchanges (see The Ballad Of Big Dick Vick for some more color on this). In a forward, no money changes hands until the maturity date of the contract when delivery and receipt are carried out; price and quantity are locked in from day 1. As you now know having read about BDV, futures are marked to market daily, and normally people close them out with synthetic settlement using an inverse position. They're also liquid, and that makes them easier to unwind or close out in case shit goes sideways.
People use forwards when they absolutely have to get rid of the thing they made (or take delivery of the thing they need). If you're a miner, or a farmer, you use this shit to make sure that at the end of the production cycle, you can get rid of the shit you made (and you won't get fucked by someone taking cash settlement over delivery). If you're a buyer, you use them to guarantee that you'll get whatever the shit is that you'll need at a price agreed in advance. Because they're OTC, you can also exactly tailor them to the requirements of your particular circumstances.
These contracts are incredibly byzantine (and there are even crazier synthetic forwards you can see in money markets for the true degenerate fund managers). In my experience, only Texan oilfield magnates, commodities traders, and the weirdo forex crowd fuck with them. I (i) do not own a 10 gallon hat or a novelty size belt buckle (ii) do not wake up in the middle of the night freaking out about the price of pork fat and (iii) love greenbacks too much to care about other countries' monopoly money, so I don't fuck with them.
(iii) Collars
No, not the kind your wife is encouraging you to wear try out to 'spice things up' in the bedroom during quarantine. Collars are actually the hedging strategy most applicable to WSB. Collars deal with options! Hooray!
To execute a basic collar (also called a wrapper by tea-drinking Brits and people from the Antipodes), you buy an out of the money put while simultaneously writing a covered call on the same equity. The put protects your position against price drops and writing the call produces income that offsets the put premium. Doing this limits your tendies (you can only profit up to the strike price of the call) but also writes down your risk. If you screen large volume trades with a VOL/OI of more than 3 or 4x (and they're not bullshit biotech stocks), you can sometimes see these being constructed in real time as hedge funds protect themselves on their shorts.
(3) All About ISDAs, CDS and Synthetic CDOs
You may have heard about the mythical ISDA. Much like an indenture (discussed in my post on $F), it's a magic legal machine that lets you build swaps via trade confirms with a willing counterparty. They are very complicated legal documents and you need to be a true expert to fuck with them. Fortunately, I am, so I do. They're made of two parts; a Master (which is a form agreement that's always the same) and a Schedule (which amends the Master to include your specific terms). They are also the engine behind just about every major credit crunch of the last 10+ years.
First - a brief explainer. An ISDA is a not in and of itself a hedge - it's an umbrella contract that governs the terms of your swaps, which you use to construct your hedge position. You can trade commodities, forex, rates, whatever, all under the same ISDA.
Let me explain. Remember when we talked about swaps? Right. So. You can trade swaps on just about anything. In the late 90s and early 2000s, people had the smart idea of using other people's debt and or credit ratings as the variable leg of swap documentation. These are called credit default swaps. I was actually starting out at a bank during this time and, I gotta tell you, the only thing I can compare people's enthusiasm for this shit to was that moment in your early teens when you discover jerking off. Except, unlike your bathroom bound shame sessions to Mom's Sears catalogue, every single person you know felt that way too; and they're all doing it at once. It was a fiscal circlejerk of epic proportions, and the financial crisis was the inevitable bukkake finish. WSB autism is absolutely no comparison for the enthusiasm people had during this time for lighting each other's money on fire.
Here's how it works. You pick a company. Any company. Maybe even your own! And then you write a swap. In the swap, you define "Credit Event" with respect to that company's debt as the variable leg . And you write in... whatever you want. A ratings downgrade, default under the docs, failure to meet a leverage ratio or FCCR for a certain testing period... whatever. Now, this started out as a hedge position, just like we discussed above. The purest of intentions, of course. But then people realized - if bad shit happens, you make money. And banks... don't like calling in loans or forcing bankruptcies. Can you smell what the moral hazard is cooking?
Enter synthetic CDOs. CDOs are basically pools of asset backed securities that invest in debt (loans or bonds). They've been around for a minute but they got famous in the 2000s because a shitload of them containing subprime mortgage debt went belly up in 2008. This got a lot of publicity because a lot of sad looking rednecks got foreclosed on and were interviewed on CNBC. "OH!", the people cried. "Look at those big bad bankers buying up subprime loans! They caused this!". Wrong answer, America. The debt wasn't the problem. What a lot of people don't realize is that the real meat of the problem was not in regular way CDOs investing in bundles of shit mortgage debts in synthetic CDOs investing in CDS predicated on that debt. They're synthetic because they don't have a stake in the actual underlying debt; just the instruments riding on the coattails. The reason these are so popular (and remain so) is that smart structured attorneys and bankers like your faithful correspondent realized that an even more profitable and efficient way of building high yield products with limited downside was investing in instruments that profit from failure of debt and in instruments that rely on that debt and then hedging that exposure with other CDS instruments in paired trades, and on and on up the chain. The problem with doing this was that everyone wound up exposed to everybody else's books as a result, and when one went tits up, everybody did. Hence, recession, Basel III, etc. Thanks, Obama.
Heavy investment in CDS can also have a warping effect on the price of debt (something else that happened during the pre-financial crisis years and is starting to happen again now). This happens in three different ways. (1) Investors who previously were long on the debt hedge their position by selling CDS protection on the underlying, putting downward pressure on the debt price. (2) Investors who previously shorted the debt switch to buying CDS protection because the relatively illiquid debt (partic. when its a bond) trades at a discount below par compared to the CDS. The resulting reduction in short selling puts upward pressure on the bond price. (3) The delta in price and actual value of the debt tempts some investors to become NBTs (neg basis traders) who long the debt and purchase CDS protection. If traders can't take leverage, nothing happens to the price of the debt. If basis traders can take leverage (which is nearly always the case because they're holding a hedged position), they can push up or depress the debt price, goosing swap premiums etc. Anyway. Enough technical details.
I could keep going. This is a fascinating topic that is very poorly understood and explained, mainly because the people that caused it all still work on the street and use the same tactics today (it's also terribly taught at business schools because none of the teachers were actually around to see how this played out live). But it relates to the topic of today's lesson, so I thought I'd include it here.
Work depending, I'll be back next week with a covenant breakdown. Most upvoted ticker gets the post.
*EDIT 1\* In a total blowout, $PLAY won. So it's D&B time next week. Post will drop Monday at market open.
submitted by fuzzyblankeet to wallstreetbets [link] [comments]

MAME 0.221

MAME 0.221

Our fourth release of the year, MAME 0.221, is now ready. There are lots of interesting changes this time. We’ll start with some of the additions. There’s another load of TV games from JAKKS Pacific, Senario, Tech2Go and others. We’ve added another Panorama Screen Game & Watch title: this one features the lovable comic strip canine Snoopy. On the arcade side, we’ve got Great Bishi Bashi Champ and Anime Champ (both from Konami), Goori Goori (Unico), the prototype Galun.Pa! (Capcom CPS), a censored German version of Gun.Smoke, a Japanese location test version of DoDonPachi Dai-Ou-Jou, and more bootlegs of Cadillacs and Dinosaurs, Final Fight, Galaxian, Pang! 3 and Warriors of Fate.
In computer emulation, we’re proud to present another working UNIX workstation: the MIPS R3000 version of Sony’s NEWS family. NEWS was never widespread outside Japan, so it’s very exciting to see this running. F.Ulivi has added support for the Swedish/Finnish and German versions of the HP 86B, and added two service ROMs to the software list. ICEknight contributed a cassette software list for the Timex NTSC variants of the Sinclair home computers. There are some nice emulation improvements for the Luxor ABC family of computers, with the ABC 802 now considered working.
Other additions include discrete audio emulation for Midway’s Gun Fight, voice output for Filetto, support for configurable Toshiba Pasopia PAC2 slot devices, more vgmplay features, and lots more Capcom CPS mappers implemented according to equations from dumped PALs. This release also cleans up and simplifies ROM loading. For the most part things should work as well as or better than they did before, but MAME will no longer find loose CHD files in top-level media directories. This is intentional – it’s unwieldy with the number of supported systems.
As usual, you can get the source and 64-bit Windows binary packages from the download page. This will be the last month where we use this format for the release notes – with the increase in monthly development activity, it’s becoming impractical to keep up.

MAME Testers Bugs Fixed

New working machines

New working clones

Machines promoted to working

Clones promoted to working

New machines marked as NOT_WORKING

New clones marked as NOT_WORKING

New working software list additions

Software list items promoted to working

New NOT_WORKING software list additions

Source Changes

submitted by cuavas to emulation [link] [comments]

MAME 0.221

MAME 0.221

Our fourth release of the year, MAME 0.221, is now ready. There are lots of interesting changes this time. We’ll start with some of the additions. There’s another load of TV games from JAKKS Pacific, Senario, Tech2Go and others. We’ve added another Panorama Screen Game & Watch title: this one features the lovable comic strip canine Snoopy. On the arcade side, we’ve got Great Bishi Bashi Champ and Anime Champ (both from Konami), Goori Goori (Unico), the prototype Galun.Pa! (Capcom CPS), a censored German version of Gun.Smoke, a Japanese location test version of DoDonPachi Dai-Ou-Jou, and more bootlegs of Cadillacs and Dinosaurs, Final Fight, Galaxian, Pang! 3 and Warriors of Fate.
In computer emulation, we’re proud to present another working UNIX workstation: the MIPS R3000 version of Sony’s NEWS family. NEWS was never widespread outside Japan, so it’s very exciting to see this running. F.Ulivi has added support for the Swedish/Finnish and German versions of the HP 86B, and added two service ROMs to the software list. ICEknight contributed a cassette software list for the Timex NTSC variants of the Sinclair home computers. There are some nice emulation improvements for the Luxor ABC family of computers, with the ABC 802 now considered working.
Other additions include discrete audio emulation for Midway’s Gun Fight, voice output for Filetto, support for configurable Toshiba Pasopia PAC2 slot devices, more vgmplay features, and lots more Capcom CPS mappers implemented according to equations from dumped PALs. This release also cleans up and simplifies ROM loading. For the most part things should work as well as or better than they did before, but MAME will no longer find loose CHD files in top-level media directories. This is intentional – it’s unwieldy with the number of supported systems.
As usual, you can get the source and 64-bit Windows binary packages from the download page. This will be the last month where we use this format for the release notes – with the increase in monthly development activity, it’s becoming impractical to keep up.

MAME Testers Bugs Fixed

New working machines

New working clones

Machines promoted to working

Clones promoted to working

New machines marked as NOT_WORKING

New clones marked as NOT_WORKING

New working software list additions

Software list items promoted to working

New NOT_WORKING software list additions

Source Changes

submitted by cuavas to MAME [link] [comments]

Fixing KotFE Part 4 - What's An Alliance Without Allies?

Special thanks again to these two sites for summarising the expansions so I don't have to watch hours of youtube videos or fights thousands of Skytroopers to remember what happened in some of the chapters. They were incredibly helpful and I honestly don't know if I would have bothered finishing this if I didn't have them on hand. Also, if you want to compare and contrast my story to the original, these will probably come in handy.

Introduction

Welcome to Part 4 of Fixing KotFE! Here, I'll be looking at the story after you take over as Alliance Commander which, in my version, occurs in Chapter 6. The story up until this point can be found in Part 3 here.
This is the section where I usually write out my aims but these carry on from Part 3, so I'll save everyone some time there. I'm really happy with some of the changes I made and I think we get some cool concepts that aren't explored in the original so I hope you like it too. However, there is something I'd like to explain that I never really got into. Technically, I guess it would go into the gameplay section but it feels more story-based.
I'd add a prison to the base on Asylum where you can place characters who you decide to capture or imprison. At this point in the story, that would only allow for Senya, if you chose to imprison her, rather than allow her to join the council, however there are other characters in the future who can be held there. I think the prison would be an optional area that you can visit and talk to your prisoners, if you have any. They would say different things depending on your last completed chapter. This would obviously add more voice acting but I think it would help to create a sense of continuity when you can see and talk to these characters you chose t capture. It would also allow Senya to continue being a part of the story, even if you chose not to allow her onto the War Council. It's also just a fun idea that plays well into you being the big boss if you can interrogate your prisoners.
With that little bit out of the way, we'll start with:

Chapter 7: Twin-Tailed Scorpion

Some time has passed since you officially joined, and became the commander of the Alliance. You are called to the war table to discuss a strange broadcast that Theron had picked up. He refuses to tell you more without meeting in person.
You join your war council, who are already in place. As a reminder, this includes:
Theron reveals that he received a distress signal from the very prison you had been imprisoned in for 5 years. Even more peculiar, the signal was only broadcast on channels used by Imperial Intelligence before it was disbanded. Theron warns you that this was probably a trap but Lana points out that you could use some allies on Zakuul. You decide it's strange enough to investigate regardless.
The scene shifts to you being discreetly dropped off within the Old World district of Zakuul, with Hylo explaining that it would be impossible to get you any closer without being spotted, with Arcann having increased security after your escape, increasing the production of the prototype Skytroopers.
You make your way through the Old World where your radio signal is lost. Instead, you are greeted by a strange, robotic voice that begins directing you to a service door in the Old World. You go through the door which shuts and locks behind you and begin making your way back up to the prison, fighting through maintenance and industry droids as you do, all the time being directed by the synthesised feminine voice.
Eventually, you enter the prison once more. However, you are in a different part than before. You continue to receive directions, with doors closing to cut off Knights and allowing you to pass. You are eventually brought to a room. The door opening to reveal SCORPIO, hooked up to a machine and wired into the wall. She speaks to you, introducing herself and explaining the situation (or simply explaining what had happened if speaking to an agent).
SCORPIO explains that, after Arcann's takeover of the galaxy, she allied with him, quickly rising through the ranks to become one of Arcann's most trustworthy allies over the 5 years. However, this was all a ruse so that she could gain information. She planned to sell Arcann's secrets to the highest bidder but was caught before she could leave Zakuul. She was imprisoned and wired into the prison security system, trapped both physically and mentally. However, the Zakuulians underestimated her and within days, she had taken over the system completely. She'd even snark that this wasn't the first prison security system she had taken control of, referencing Belsavis. She explains that she had discovered your location while in the system and had managed to send a message to Lana, allowing her to enact your escape. SCORPIO goes on to add that she had used the security systems to aid you, in the hopes that you would return the favour and free her from her own imprisonment, since the prison was a closed system and she was locked inside. In return, she would join the Alliance, if only to get revenge on Arcann.
You agree to free her and are sent around the prison to deactivate various systems, allowing SCORPIO's escape.As you do so, you see snippets of SCORPIO's most recent memories, showing Arcann ambushing her as she attempts to leave the palace, sadly admitting that he had hoped she wouldn't try to betray him, even after the Scions warned him it would happen. SCORPIO, being her usual self, would respond snarkily, leading Arcann to angrily sentence her to be implemented within the prison security system. You then have to defend SCORPIO's body from Skytroopers and Knights while her consciousness downloads into it once again. As she is freed, explosions rock the prison and SCORPIO smugly explains that it is time for you to leave. Before you can ask how, another explosion causes the cell to break away from the prison complex, letting you freefall towards the planet's surface. You are saved as Hylo's dropship swoops in managing to catch the cell within the cargo bay.
Returning to Asylum, SCORPIO begins to brief everyone on what she knows; to get to Arcann, the infrastructure of Zakuul must be taken down, starting with the Old World, where he has the weakest grip. Arcann rules over the Old World thanks to a shaky alliance with the Scion cult. The Scions essentially rule over the sector by providing Arcann with access to Heskal's prophecies. In turn, only a minimal security force of Skytroopers exists in the Old World. She mentions that the best way to dethrone Heskal and the Scions is to work with one of the rival gangs. Lana adds that she had already established contact with two of the Old World's gangs and that she would need time to set up meetings with the gang leaders.
At this point, you see your first newsreel. It shows two presenters, a male who introduces himself as Adorus Bell and a female, Zelia Myker, sitting at a desk and recounting an act of domestic terrorism by the cell calling itself the Alliance. The Alliance, led by a radical extremist who is believed to be serving Vitiate destroyed a secure complex, killing a number of knights who were protecting the area and almost killing Princess Vaylin, who has been moved to a more secure facility. Thanks to the sacrifices of the Knights, no civilians were injured in the explosion. They then broadcast a message from Emperor Arcann himself, reassuring the people of Zakuul that he will personally capture this Agent of Vitiate and stop the Alliance.
My aim here was to establish SCORPIO with a clear character that fits her personality, keep her selfish amorality and also provide her with a motivation to actually help you, even if she's still secretive and coy about it. She wants revenge on Arcann for pre-empting her betrayal and imprisoning her. she simply thinks that you and your Alliance are the best chance at fulfilling her revenge. SCORPIO's weakness was always her pride. We don't really see that In the proper expansions. Instead, we just got a series of convoluted double crosses and fake outs which were just more confusing than anything and made it seem like she just bounced from one side to the other. I hope to create a more straight forward story For SCORPIO that is still true to the character. I also liked the idea of SCORPIO ending up in a similar situation to when the agent first meets her.
As an extra note, I added the idea of you escaping via SCORPIO ejecting the cell And hylo catching it at the last moment and I Just really think its a fun, silly concept that gets to show off SCORPIO's unique problem solving while selling Hylo as a great pilot.
Lastly, this is where I introduce a new narrative technique. In the original game, we often jump to conversations between Vaylin and Arcann that we, as the character, are not privy to. I think this is a problem since we, as the audience, now know more than our characters do which creates a narrative dissonance to the choices. I understand that the purpose of this was to develop Arcann and Vaylin as characters while we couldn't meet them but I think a better solution would be the newsreels. It lets us see Arcann, in character, and gives us an understanding of what the population of Zakuul are getting in terms of how our actions are portrayed.

Chapter 8: Friends In Low Places

You receive a message from Lana who has contacted two gangs within the Old World. She asks for you to accompany her to meet with the gang leaders and choose which one you'd want to work with. As you travel, you learn from Lana that the Scions are practically untouchable, due to Arcann's aid. The local security chief, Captain Arex, secretly protects them from other gangs in return for Heskal providing Arcann with visions of the future.
The two of you shuttle to the Old World and go to meet with the gangs. The first is a group of anarchists led by Kaliyo known as the Firebrands. They have a plan to blow up a Skytrooper factory and need your help. Theron argues over the radio that the factory is too close to civilians while Lana points out that destroying Arcann's source of troops would hurt the war effort.
You then go to meet the other gang, a group of thieves known as the Old World Kath Hounds, led by Vette, who steal from the rich living in the Spire to give back to people of the Old World. While they have the favour of the people of the Old World, the gang members aren't fighters and wouldn't be able to help much with the war effort. Vette proposes a plan to steal intelligence from the Old World security depot. However, they need your help to distract the security chief and his Skytroopers.
At this point, you have to choose who you will ally with; Kaliyo's Firebrands or Vette's Kath Hounds. Depending on the one you choose, you are sent on a different mission.
For the Kath Hounds, you create trouble, attracting the security forces and fighting off Skytroopers. While they chase you, Vette keeps you informed on the mission's progress as they sneak into the security depot and take what you need, before you are tasked with escaping from the Skytroopers and meet back up with Vette.
Meanwhile, if you chose to aid the Firebrands, you are tasked with placing bombs around supports beneath the droid factory, since the factory itself is too well secured. As you go, you are met by security forces that you have to defeat. As you finish, you rejoin with Kaliyo and watch the bombs go off, causing a section of the Spire to collapse down, much to Kaliyo's delight.
With the mission complete, your chosen gang agrees to aid you against the Scions. Both groups managed to find information on Arex that he was extorting money from civilians within the Old World in return for protection. If this was revealed to those in the Spire, they would demand his imprisonment. However, before you can set up plans, the base is attacked by Captain Arex and a prototype skytrooper design. You and your chosen gang leader fight the two of them. You can then choose to kill Arex, report him or blackmail him for his corruption to either leave his position or work for you.
With your new allies firmly established and Captain Arex dealt with, you join up with either Vette or Kaliyo to assault the Scions' fortress. Without Arex and his skytroopers to defend them, you are able to fight through the Scion forces and reach Heskal. Upon defeating him, you are given the choice to imprison or kill him, leaving your new ally to take control of the Old World.
Another newsreel with the same presenters rolls. The presenters discuss a gang war that had begun in the Old World district, followed by a video of Arcann alongside a woman he introduces as Knight-General Vendryl. Arcann apologises to the people of the Old World for this terrible tragedy and explains that Vendryll will be personally dealing with this new menace.
Speaking to Senya, either in her cell or the war council, will reveal that Vendryll was her second-in-command before her defection and that she is a ruthless individual completely devoted to Arcann.
So, the aim of this chapter is to provide a big choice that actually affects the story, this choice being whether you have Kaliyo or Vette as your advisor for the Old World gangs. There's an obvious light side/dark side binary with Vette's Robin Hood-esque antics obviously being nicer than Kaliyo's terrorism. However, I wanted to make it a bit more complex with Kaliyo actually being the more competent choice, pragmatically. While Vette has the favour of the civilian population, Kaliyo's gang are more competent combatants. This adds a different dynamic than just "Good choice" and "bad choice" but still allows that morality for those who wish to choose it.
The second notable choice is what you do with Arex. I think this is a fun one, since there isn't really a 'nice' answer, with you either handing him over to Arcann, blackmailing him to leave or work for you, or just straight up killing him. I like this as there isn't one 'right' answer.

Chapter 9: Mercy Mission

Koth asks to meet with you privately to talk. You oblige and he explains that he received a message from one of his contacts on Zakuul about a group of anti-Arcann refugees who are high profile targets looking to escape the planet. He planned to go pick them up but wanted to check with you first. You agree to go with him to meet these refugees.
The two of you take a shuttle to meet up with the refugees. There are 5 in total, all with different characters:
However, while down there, you receive word from Theron who has been tracking your movements, believing that he had to be careful after the disappearance of Marr and Satele. He informs you that he received intelligence that one of the refugees is a spy working for Arcaan. You are then tasked with speaking to each of the refugees in an attempt to discover who, if any, is the spy.
After speaking to all of them, you are given a decision: you can bring all of them back with you, accuse one character of being the spy or abandon them all. If you choose to leave the one you believe to be the spy or all of the refugees, you are given the choice to kill or imprison them. If you choose to imprison them, you can also have them tortured for information. Killing or torturing one or all of the refugees will negatively affect Koth's Alliance Influence to varying degrees, while allowing them to come to Asylum with you will positively affect it.
After returning to Asylum, we receive another news report. This time, Zalia is joined by a new host, Brennon Brosnee. The report explains that someone believed to be the Agent of Vitiate kidnapped many of Zakuul's greatest minds in a clear attack on Zakuulian society. Adorus Bell is not mentioned in the report.
This is what I'm calling a 'chill out chapter.' It's pretty short and doesn't have any combat but is more about player choice and character interactions. Your decisions in this chapter also have long-reaching effects as, in later chapters, Koth may leave the Alliance due to your choices here. If you do allow the spy onto Asylum, this will also affect the story later on.
I think, overall, this is a fun, short chapter which mixes things up from the longer ones that come before and after. It's fun, it's interesting. It's different and you don't even fight any Skytroopers! It would also be a good way to get a different perspective on Arcann's rule from the people of Zakuul themselves. On a technical side, this sort of 'bottle episode' type concept would allow the developers to spend more time on later chapters while still keeping a consistent schedule.

Chapter 10: The Lost Masters

Theron is finally able to decipher the information he took from the gangsters when you rescued him (see Chapter 6 for more info).
He explains that they are coordinates to a remote planet called Odessen within Wild Space. Lana adds that the planet seems to be unpopulated but shows all sorts of strange readings. She agrees that you should go investigate the landing coordinates with Theron.
When you land on Odessen, you find it to be a lush, fertile and wild planet. However, you also find a campsite and begin to investigate. You are met by Satele who explains that they had been awaiting your arrival. She invites the two of you to sit down and talk. As you do, she explains that she and Darth Marr had sensed a strong dark side presence on Odessen and had come to investigate. What they found was an entire compound controlled by the followers of Vitiate, hoping to revive him.
The two of them realised at this point that Vitiate's forces were more numerous and covert than either of them had believed, and resolved to stay on Odessen until the compound could be destroyed. Satele explains that they had learnt from their experiences with the Revanites and agreed that they could not trust even those in the Alliance in case it was compromised. However, Satele did leave a clue, saying that she knew Theron would be able to decipher it and bring you here. When you ask of Marr's location, Satele explains that they take turns keeping watch before noting that he should have been back by now. Suddenly, the camp is attacked by dark side beasts and the three of you fight them off. Once they're defeated, Satele states that Marr should have seen them coming and that he must be in danger. You head into the forest with her, leaving Theron to protect the ship.
You travel with Satele through the jungle of Odessen to reach the compound, fighting through local wildlife as well as mutated Sith beasts. As you approach, Satele suggests you sneak in while she distracts the cultists. You agree and Satele splits off from you as you make your way into the compound that seems like a fortress. You fight through a mixture of sith beasts and cultists loyal to Vitiate, mostly Sith. As you go, you hear Darth Marr and approach his location. A member of the (former) Emperor's Hand, Servant 11, is interrogating an unmasked and kneeling Marr who refuses to give up any information on Satele, surrounded by members of the Emperor's Guard. As you enter, Marr takes the chance to attack the guards, taking one of their pikes and impaling them upon it. He grabs his mask and lightsaber before the two of you fight the rest of the Emperor's Guards together until only Servant 11 is left. Marr starts interrogating Servant 11 on the cult's activities with you being able to act as the 'good cop' to his bad cop or reinforce Marr's bloodthirst.. Servant 11 smugly declares that there are plans in motion that will bring a new era of Vitiate's power. Marr then kills Servant 11.
Sidenote: I think this scene could go a couple of ways. We could finally get a Darth Marr face reveal or the scene could be shot in such a way that we never actually see his face until he retrieves the mask and puts it back on. I prefer the second because I just think it's a really fun concept for the scene.
You plan to escape with Marr but he refuses, stating that all remnants of the Emperor's filth must be cleansed from this place. You agree and travel with him, killing more cultists and making your way to a large room with a strange Sith holocron on it. Marr informs you that the holocron is a Reliquary, an artifact containing a fraction of Vitiate's presence and an item of Sith Sorcery. He explains that it absorbs the Force released by beings as they die and would eventually resurrect Vitiate if given the chance. With this said, Marr draws his lightsaber and impales the Reliquary, causing purple energy to blast out from within. The two of you then meet up with Satele and Theron to talk.
You discuss with the three of them on whether Satele and Marr should return to the Alliance. Satele agrees to join you but Marr states that he must ensure that the cult is completely destroyed before returning. You agree and leave the planet with Satele and Theron.
You return to Asylum and get the usual newsreel. However, since you haven't actually done anything that they know of, the news is instead about preparation for an upcoming event: Liberty Day, a yearly day of celebration in honour of Valkorion's forces defeating Vitiate and his Sith long ago. The two hosts discuss what Emperor Arcann could be planning for this year's Liberty Day, which would be happening in the coming months, and point out that the increased security provided by the Knights and Skytroopers will stop the Agents of Vitiate from stopping such an auspicious occasion.
So, I wanted to do a few things in this chapter: Firstly, I wanted to bring back Satele and Marr and, with Marr not being dead in my version, have them both do some cool stuff and show off a bit. In fact, my sequence with Marr is heavily based on his moment in the original story, shortly before he gets fucking gutted. I also wanted to be a bit fan-servicey with Marr's whole mask thing and I really love the idea that we never actually see him unmasked. On a slight tangent, I've just realised that, in the original expansion, Marr is just… left in his armour after being captured. Surely if you wake someone prisoner, you'd take their badass, technologically advanced battle armour off them, right? I suppose it's because they wanted him to be recognisable as Darth Marr still but it seems strange, not only from a literal point of view but a metaphorical one too. Stripping Marr of his armour signifies that he isn't some unstoppable machine but a man, and when he then fights back and kills Valkorion/Vitiate's minions, (in either version of the story) it shows that, as a man, he is able to overcome these greater odds.
I'd also want there to be some honest interactions between Theron and Satele, maybe having Satele actually show pride in Theron and what he's become. In the original story, I don't think Theron even meets her in these expansions, since you go to see her alone and then she just leaves. It honestly is just bizarre to me that you have two characters who are mother and son with a strained relationship (in an expansion that revolves very heavily about family ties, none-the-less) and they never interact. I think having Satele and Theron repair their relationship a bit would be good story progression and an interesting route for both their characters, especially if Satele is going a bit AWOL from the Jedi teachings, which she already was in the original version.
Secondly, I wanted to implement the Cult of Vitiate as antagonists. Since Valkorion isn't just Vitiate in a meat suit in this version, he should definitely have his own thing going. I also want this to be more of a thing later on, so I think it's good to plant the seed here.
Thirdly, I wanted to introduce Odessen as a location. Asylum being the home of the Alliance gives us a chance to make Odessen a little more interesting than 'the place you decided to just make a base'. Again, this will come back later in the story.
Lastly, I think this newsreel is a fun one. It's something light-hearted and unrelated to you and has the irony of Arcann pushing this 'Liberty Day' when he has taken over the entire Galaxy.

Chapter 11: Twists of Fate

With Satele back in the Alliance, things are running more smoothly. She calls you to join her to talk. When you meet with her, she is alone in the council room. She asks you to join her on a walk.
Satele explains that she has some errands to run on the station and asks you to help. Regardless of your answer, she begins leading you deeper into the underbelly of the station to meet a friend of hers. Before you reach your target, you are pickpocketed by a young boy who runs into a back alley. The two of you follow the thief and catch him. He explains that he has to steal in order to make enough money to feed himself and his sister and that if he doesn't return with something, his boss will throw them out. You are then given a choice to take your credits back, kill the boy or recruit him to the Alliance. Whichever choice you choose, the boy pleads with you to save his sister who is being held by a gang known as the Engineers. Satele admits that the Engineers have caused problems for the Alliance in the past, but are the only ones able to keep Asylum running. You decide to go and deal with them.
As you make your way down into the lower levels of Asylum, you are split off from Satele and are contacted by Valkorion once again. He apologises for possessing you and explains that doing so used up his energy and he was forced to retreat into your subconscious to recover. The two of you discuss the Alliance and your plans for after Arcann is defeated. Valkorion admits that he doesn't know if he will remain in your mind forever or eventually fade away. As the two of you talk, you arrive within the Engineers' territory. You fight your way through until you reach the Engine Room which is set out like a treasury.
In the middle of the room is a rotund twi'lek man, Ral Ekval, sitting on a throne made up of scrap metal. He sends his goons to attack you and you fight them off. You then speak to Ral, who smugly explains that only his people can run Asylum. Without him, the station would fall from orbit and be sucked into the gas giant. You then have a choice:
Whichever you choose, Satele makes her way inside with Alliance back-up to help you. If you chose to kill or imprison Ral, Satele notes that it will be hard to find anyone who could replace him and that she would ask Hylo to talk to her contacts. As this happens, you get an emergency broadcast from Theron, stating that Koth and the Gravestone have gone missing and have been spotted in the Spire.
You return to the Alliance base to meet with the War Council, deciding that a major assault would be too costly at this point. Instead, you will lead a small strike team into the Spire to retrieve Koth and the Gravestone. At this point, you're able to choose from the companions you have acquired to join you on the mission by performing different tasks:
Depending on who you pick to lead the distraction team, you gain Alliance Influence with the Republic, the Underworld or the Empire.
With the positions set, you start your assault, landing within the Old World and fighting your way through to an elevator that leads up into the Spire. This is the first time you get to actually see the splendors of the Spire but it doesn't last long as alarms start to blare out. As you go, you receive reports from the other members of your team, with SCORPIO providing overviews on security movements and Jorgan/Vette/Kaliyo/Pyron and Hylo providing updates on their conflict.
You make your way through the streets of the Spire, fighting through Skytroopers as you approach the palace. You fight through knights as you make your way through the palace towards the throne room. You reach the throne room where you are met by Arcann, alongside a group of Knights. You also see Vaylin, standing at her brother's side and Koth in manacles. Depending on whether Koth's Alliance Influence score is above or below a certain amount (heavily affected by your choices within Chapter 9 but also affected by other choices within the story), Koth will either have been captured while trying to pick up more refugees or he will have betrayed you, attempting to join forces with Arcann, who believes him to be a spy and had him locked up. Either way, you speak with Arcann, who seems strange. He is angered by your presence, claiming that you were an agent of Vitiate come to destroy him. He demands the Knights execute you and draws his own lightsaber, ready to fight. If you have Senya with you, she will attempt to talk him out of it, but this only enrages him further as he claims you have turned his mother to the darkness. You ready yourself for a fight, but before you can, Vaylin suddenly screams and the entire room begins to shake and shudder, windows smashing and the thin bridge to the throne collapsing, taking some of the knights with it. The throne room begins to fall apart and you are forced to retreat, bringing Koth with you.
You receive confirmation that the others have captured the Gravestone and you make your way towards the ship. You get onboard the Gravestone with your companion and Koth while Hylo takes off, escaping Zakuul. No one seems to know the cause of the sudden damage to the throne room.
With the danger passed, you're able to turn your attention to Koth. Regardless of whether he betrayed you or simply got captured, you're given the choice to let him go, imprison him or kill him. If you let him go after he betrays you, he agrees to exile himself. Otherwise, he will return to the Alliance. You return to Asylum and speak with the War Council who have mixed feelings. While some are happy about the victory, however minor, others believe that this will only harden Arcann's resolve.
This is where Part 4 will end, since I've already massively surpassed my 5000ish word limit for these posts. I felt like this worked as a pretty good 'midpoint' for the story. The theme of this section of Chapters is about building up the Alliance into a better fighting force. The next section will delve into deconstructing Arcann's powerbase some more and then getting to the grand finale. Laughably, I thought I could get away with 4 parts when I started writing all this but that clearly isn't the case.
This last chapter is fun because it gets you your first real look at Arcann since the start and you get to see his deterioration as he becomes more paranoid and cruel. It also includes the first seeds of Vaylin's storyline. I've also included a trope I really enjoyed when it was used in the class stories where each of your allies is doing something, with the twist of you picking and choosing for a few roles. There's also the whole bit with the Engineers which is more throwaway, but I thought some light adventure would be fun and I felt like I should bring Valkorion back for a bit. I've already gone on long enough though, so I'll finish with a TL;DR.

TL;DR

submitted by Magmas to swtor [link] [comments]

How To Make Money Online Easy  Under Over Betting - Binary Option Trading  Part - 1  AnyThinkz DeltaRiver Binary Options Trading DeltaRiver Binary Options Trading Binary Options Trading for Beginners - Simple Step by Step Binary Options Tutorial Watch Me Make $688 Live With Binary Options Hack

The current bid and offer are $74.00 and $80.00, respectively. If you think the index will be above $3,784 at 11 a.m., you buy the binary option at $80, or place a bid at a lower price and hope ASX FUTURE. Only for trading binary options. WebMoney - 0.8% of the amount transferred but no more than 50 USD/ 50 EUR/ 1 500 RUB. IQ Option Bonuses And usd inr binary options Promotions. Daily limit for unauthenticated use exceeded Binary Options is a popular financial product to invest in the financial markets. USD/INR extends pullback from a This article suggests they never took off because of lack of demand How Credit Event Binary Options Can Protect You In A Credit Crisis | Investopedia I suspect that broker dealers unwillingness to make liquid markets in them when they already had Binary options depend on the outcome of a "yes or no" proposition. Traders receive a payout if the binary option expires in the money and incur a loss if it expires out of the money. Binary Binary Credit Option Binary credit option Livros sobre opções binárias. It means that losing a part or all of your money is possible. The payoff amount is determined at the contract time, taking into account the severity of binary credit option the default event A binary option is a type of options contract in which the payout will depend entirely on the outcome of a yes/no proposition.

[index] [4271] [23635] [5875] [6060] [15252] [7950] [22369] [16294] [16771] [12030]

How To Make Money Online Easy Under Over Betting - Binary Option Trading Part - 1 AnyThinkz

please. follow my channel. i will be providing with some other videos bring you more profits https://youtu.be/lqfgz_cxdlk #binary #options #trade DeltaRiver Binary Options Trading Price Action LMBO ... Turn Simple Credit Spreads into a Mathematically Guaranteed ... 7.0 Papua Quake Represents Another Global Tectonic Reset Event: July, ... Binomo , Binomo Trading Strategy , binomo 100% winning strategy , 100% winning strategy , binary options , binomo strategy , binary option , binary options s... Binary Options Trading for Beginners - Simple Step by Step Binary Options Tutorial ... Full Unveiling Event by Elon Musk - Duration: 30:27. ... Turn Simple Credit Spreads into a Mathematically ... DeltaRiver Binary Options Trading Price Action LMBO ... Turn Simple Credit Spreads into a Mathematically Guaranteed ... 7.0 Papua Quake Represents Another Global Tectonic Reset Event: July, ...

Flag Counter