What Next for Six Flags Entertainment Corp Stock After Today’s Bullish Options Activity?

 What Next for Six Flags Entertainment Corp Stock After Today's Bullish Options Activity?

In today’s session Six Flags Entertainment Corp (SIX) registered an unusually high (485) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SIX increase. With 485 contracts traded and 20504 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SIX161216C00055000 closed last at: $1.9 or 52% up. The stock last traded at $55.42 per share. It is down 0.13% since March 31, 2016 and is downtrending. It has underperformed by 2.65% the S&P500.

Six Flags Entertainment Corp (NYSE:SIX) Ratings Coverage

Out of 9 analysts covering Six Flags Entertainment (NYSE:SIX), 6 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Six Flags Entertainment has been the topic of 14 analyst reports since July 24, 2015 according to StockzIntelligence Inc. FBR Capital maintained it with “Outperform” rating and $62 target price in Thursday, October 27 report. As per Tuesday, August 23, the company rating was initiated by Hilliard Lyons. The stock of Six Flags Entertainment Corp (NYSE:SIX) has “Buy” rating given on Tuesday, September 15 by Janney Capital. The company was initiated on Tuesday, March 29 by Sterne Agee CRT. The firm earned “Outperform” rating on Friday, April 1 by FBR Capital. As per Thursday, April 28, the company rating was maintained by Wedbush. The rating was maintained by Credit Suisse on Friday, August 28 with “Outperform”. As per Wednesday, December 9, the company rating was initiated by Macquarie Research. Stephens initiated the shares of SIX in a report on Tuesday, April 19 with “Equal-Weight” rating. The stock of Six Flags Entertainment Corp (NYSE:SIX) earned “Outperform” rating by Oppenheimer on Wednesday, April 6.

According to Zacks Investment Research, “Six Flags Entertainment Corporation owns and operates regional parks. The Company has parks comprised of theme, water and zoological parks offering rides, water attractions, themed areas, concerts, shows, restaurants, game venues and retail outlets. The Company holds long-term licenses for theme park usage throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries of certain Warner Bros. and DC Comics characters. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company uses these characters to market its parks and to provide an enhanced family entertainment experience. Six Flags Entertainment Corporation is based in New York, NY.”

Six Flags Entertainment Corporation is a regional theme park operator. The company has a market cap of $5.08 billion. The Firm operates in the theme parks segment. It has a 44.66 P/E ratio. The Firm operates approximately 20 regional theme and water parks.

SIX Company Profile

Six Flags Entertainment Corporation (Six Flags), incorporated on December 9, 1997, is a regional theme park operator. The Firm operates in the theme parks segment. The Firm operates approximately 20 regional theme and water parks. The Company’s parks occupy approximately 4,500 acres of land, and it owns approximately 800 acres of other developable land. The Company’s parks are located in geographically diverse markets across North America. The Company’s parks offer a selection of thrill rides, water attractions, themed areas, concerts and shows, restaurants, game venues and retail outlets. The Company’s parks offer approximately 830 rides, including over 130 roller coasters. The Firm holds long-term licenses for theme park usage of certain Warner Bros. and DC Comics characters throughout the United States (except the Las Vegas metropolitan area), Canada, Mexico and other countries. These characters include Bugs Bunny, Daffy Duck, Tweety Bird, Yosemite Sam, Batman, Superman, The Joker and others. In addition, it has certain rights to use the Hanna-Barbera and Cartoon Network characters, including Yogi Bear, Scooby-Doo, The Flintstones and others. The Company’s licenses include the right to sell merchandise featuring the characters at the parks, and to use the characters in its advertising, as walk-around characters and in theming for rides, attractions and retail outlets. Six Flags is also engaged in the sale of food and beverages, merchandise, games and attractions, parking and other services inside its parks.

More notable recent Six Flags Entertainment Corp (NYSE:SIX) news were published by: Wsj.com which released: “Six Flags Posts Surprise Decline in Revenue, Hurt by Adverse Weather” on October 26, 2016, also Investorplace.com with their article: “Six Flags Entertainment Corp Commits to Using Only Cage-Free Eggs” published on September 15, 2016, Businesswire.com published: “Six Flags and Samsung Introduce World’s First Fully Interactive Roller Coaster …” on August 05, 2016. More interesting news about Six Flags Entertainment Corp (NYSE:SIX) were released by: Forbes.com and their article: “Six Flags Entertainment Becomes Oversold (SIX)” published on August 15, 2016 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Ross Stores, InterContinental Hotels Group and Six Flags …” with publication date: August 29, 2016.

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