2014-03-07 Smart Money Report (CSC) (DAL)


Posted on March 7th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-03-07 Smart Money Report (CSC) (DAL)

Smart Money Report

  1. CSC- Sizable buying in the Mar. $65 and $70 calls this morning. Volume was above the open interest in both options. The IT company typically trades 476 calls per day vs. the 4,000+ traded today.
  2. DAL- The Sep. $30/$36/$43 bull call spread risk reversal was put on 10k times for a $0.55 debit. Volume was above the open interest in all three options. They bought the Sep $36 calls and sold the Sep. $30 puts and Sep. $43 calls to reduce the cost. The maximum risk is $0.55 until/if the stock closes under $30 on Sep. options expiration. The maximum gain is achieved on a close at or above $43 on expiration.
  3. SOL- Sizable buying in the Mar. $4.50 and $5 calls this morning. Volume was above the open interest in both options. Earnings are due out on 3/13. There was also big buying in the Mar. and Apr. calls yesterday. The stock is breaking out above a multi-month resistance level on the weekly chart. It could trade up to $5-$6 over the next couple of months.
  4. XOMA- 3,500 July $7.50 calls were bought for $1.30 each, against no previous open interest. The stock hasn’t been able to find support since earnings on Tuesday afternoon, but it is currently 7% off of today’s low near $6 (100-day SMA).
  5. TSLA- Tesla Motors shares are down 2.33% in a mixed market today. The call to put ratio in (TSLA) options is currently 1.12, led by a seller of 800 Apr. 2014 $235 puts for $14.75 each.

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