Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put selling in Broadcom (BRCM) and call buying in Ulta Salon (ULTA).
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Broadcom Races Ahead in 2014 But Are Its Shares About to Run Out of Steam?
My article on Broadcom (BRCM) for TheStreet.com
NEW YORK ( TheStreet) – Broadcom (BRCM) posted a stellar year, fueled by the semiconductor solution company’s broadband and connectivity business. And while the Irvine, Calif., company hit a new 52-week high of $43.35 on Nov. 28 and its shares are up 47.5% year to date, a question investors are likely asking is whether the stock has more room to run…Click here to read the rest of the article.
Smart Money Report
AAPL- The Apr. 2015 $110/$130 call spread was put on 10,000 times for a $1.91 debit. This was tied to 161,600 shares of stock for $92.63. Volume was above the open interest in both options. Apple trades at a P/E ratio of 13.41x (2015 estimates) with 8.9% EPS growth, 6.8% revenue growth, 2.04% dividend yield, and has an average analyst price target of $95.
BRCM- 26,589 Aug. $41 calls were sold for $0.57 each, against open interest of 189 contracts. Broadcom recently announced that they are interested in selling their cellular broadband business.
MU- The Oct. $35/$40 call spread was put on 6,000 times for a $0.91 debit. Volume was below the open interest in both options. Earnings are due out on 6/23. The stock has moved lower after earnings on five out of the last seven reports.
RIG- 15,000 Jan. … Read More »