Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Ciena (CIEN) and a call rollout in Jones Energy (JONE).
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Smart Money Report
CIEN- 2,500 Jan 2015 $20 puts were sold for $2.21 each, against open interest of 3,648 contracts. 1,000 were sold for $2.07-$2.08 on 7/10. Since soaring higher on 6/5 following a better than expected Q2 earnings report, Ciena shares have been filling the gap.
HD- A rollout from 7,699 July 25 weekly $78 puts (debit) into 7,699 Aug 29 weekly $78 puts (credit). Volume was above the open interest in the Aug 29 weekly puts. Home Depot shares printed a bullish hammer at $78 earlier this month (also around the 200-day SMA).
KO- 8,921 Aug 16 $42 calls were purchased for $0.85 each, against open interest of 31,687 contracts. Earnings are due out on 7/22. On 7/16, Nomura maintained a buy rating on Coca-Cola, but raised their price target to $54 from $53.50.
TTS- Another 1,250 Feb 2015 $12.50 calls were … Read More »
Smart Money Report
CIEN- Ciena will report Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.24 in EPS and revenue of $568 million. The options market is implying a $2.70 move, or 11.97%, in either direction through December options expiration. Put to call ratio in (CIEN) options is currently 1.16.
LULU- Lululemon Athletica will also release Q3 earnings in the morning. Analysts are looking for $0.41 in EPS and revenue of $376 million. Options traders are pricing in a $5.00 move, or 7.28%, in either direction through Friday’s close. The put to call ratio in (LULU) options is 2.42.
USO- The Jan. 2015 $32/$36 strangle was put on 11k times for a $3.50 debit. Volume was above the open interest in both options.
YHOO- 15,000 Apr. 2014 $44 calls were purchased for $1.76 each, against open interest of 19,625 contracts.
AAPL- Apple … Read More »