2013-09-18 Smart Money Report (ORCL) (SPY)
Smart Money Report
- ORCL- Oracle will report Q1 earnings after the bell tonight. Analysts are looking for $0.56 in EPS and revenue of $8.5 billion. Options traders are pricing in a $1.63 move, or 4.89%, in either direction through Friday. The put to call ratio in the September options is in favor of the bears at 1.63.
- GNK- 2,800 Oct. $3 puts were sold for $0.10 each, against open interest of 1,432 contracts. He/she thinks shares of Genco Shipping & Trading will stay above the $3 level through October options expiration.
- SPY- The options market is implying a $2.58 move, or 1.51%, in either direction through Friday. The S&P 500 iShares (SPY) ETF is slightly off of its all-time high hit on Monday, so we could be in store for a breakout above the $171 resistance level or possibly a pullback into the high $160’s.
- AAPL- Shares of Apple are up 1.44% today, continuing the bounce off of the 100-day simple moving average from yesterday. The call to put ratio in the Sep. options is 1.25, led by activity in the $465 and $470 calls.
Free offer: Sign up for a free account and have the “Free Trade of the Day’ and the “Smart Money Report” delivered straight to your inbox daily.
Premium Subscription: Join now to gain access to the all of the stock watchlist updates, unusual options activity reports (10-20+ big trades like these every day), earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription.
Check out all of the membership options here—–> https://optionsriskmanagement.com/register/
If you would like to know more about premium content or have any trading questions, email me at Mitchell@OptionsRiskManagement.com .