Limited (NYSE: LTD) closed at $17.82 Wednesday.
Bank of America says: "Q4 Beats on shares; Guidance implies a slow start to Q1."
LTD sells intimate apparel, personal care, women's clothes and beauty products through Limited, Limited Express, Victoria Secret & Bath & Body works. LTD reported operating income of $621 million. LTD says: "now expects February comps in the negative low double digit range verses its previous guidance for negative mid to high single digit comps."
LTD March option implied volatility of 48 is above its 26-week average of 42 according to Track Data, suggesting larger price movement.
Option Update is provided by Stock Specialist Paul Foster of theflyonthewall.com










