Smart Money Report
BMY- 5,000 Jan 2015 $52.50 calls were bought for $1.61-$1.72 each, against open interest of 32,098 contracts. On 8/25, 4,500 Jan 2015 $52.50 calls were bought for $1.66 each.
DKS- A rollout from 3,000 Sep $43/$46 call spreads (credit) into 3,000 Oct $46/$49 call spreads (debit). Volume was above the open interest in the Oct $46 and $49 calls.
IRM- Over 7,700 Oct $37.50 calls have traded with the majority being purchased for $0.35-$0.40 each, against open interest of 5,540. The call to put ratio is 15:1. Call activity is 7x the average daily volume. Implied volatility rose 13.5% to 25.39. Elliott Management took a position in Iron Mountain shares in Q2.
RHT- The Sep $62.50/$67.50 call spread was put on 5,268 times for a $1.45 debit. Volume was above the open interest in both options. Red Hat earnings are due … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Bristol-Myers Squibb (BMY) and a call spread rollout in DICK’S Sporting Goods (DKS).
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Smart Money Report
BMY- Over 2k June 6 weekly $52 calls were purchased for $1.60-$1.67 each, against open interest of 627 contracts. Net call premium +$471K vs. net put premium of -$30K. (BMY) shares are trying to close above the 100-day SMA for the 1st time since March.
DHI- A rollout from 8k May 17 $23 calls (credit) into 8k June 21 $24 calls (debit). Volume was above the open interest in the June 17 $24 calls.
MNST- More than 3k Sep. $77.50 calls were purchased for $2.70-$2.80 each, against open interest of 34 contracts. (MNST) beat Q1 EPS estimates by $0.06 last week. The Sep. $72.50 calls have also saw sizable buying over the past two months.
RLGY- 2,500 June $37.50 calls were purchased for $1.34-$1.35 each, against open interest of 70 contracts. Typically trades 895 calls per day. Implied volatility rose 4% … Read More »