2014-06-05 Smart Money Report (MPEL) (MTW)


Posted on June 5th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-06-05 Smart Money Report (MPEL) (MTW)

Smart Money Report

  1. MPEL- Another 1,200 Jan. 2016 $39.66 calls were purchased for $6.29-$6.70 each, against open interest of 9,173 contracts. Nearly 9,000 were bought yesterday. This investor is positioning for a sizable move higher over the next 18-19 months in shares of Melco Crown Entertainment. The stock trades at a P/E ratio of 15.76x (2015 estimates), PEG ratio of 0.75x (2015 estimates), 25.5% revenue growth, and has an average analyst price target of $50. On 5/9, J.P. Morgan Chase maintained an overweight rating with a $41 price target.
  2. MTW- The Sep. $27/$30 call spread was put on 5,020 times for a $1.60 debit. Volume was above the open interest in both options. Call activity is nearly 8x the average daily volume.
  3. SNDK- 6,434 July 19 $100 calls were bought for $3.65-$3.75 each, against open interest of 5,661 contracts. There has been sizable out-the-money call buying in recent days in SanDisk. The stock trades at a P/E ratio of 15.22x (2015 estimates) with 7.9% EPS growth, 8.6% revenue growth, 0.90% dividend yield, and has an average analyst price target of $98. On 5/8, ISI Group maintained a strong buy rating with a $110 price target.
  4. TSLA- 3,000 June 13 weekly $210 calls were bought for $3.40-$3.70 each, against open interest of 558 contracts. Tesla Motor shares are seeing some buying interest after testing the 50-day EMA over the past few trading sessions.
  5. XOM- The July 19 $100 straddle was put on 20,000 times for a $3.69 debit. Volume was below the open interest in both options. The trader is looking for a move above $103.69 or below $96.31 by expiration in Exxon Mobil. The stock recently bounced off of a test of the 50-day EMA.

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