Smart Money Report
BTU- 10,000 Aug. 16 $17 calls were bought for $0.29 each, against open interest of 1,008 contracts. Earnings are due out on 7/22.
CL- A rollout from 6,508 Aug. $70 calls (credit) into 6,508 Aug. $72.50 calls (debit). Volume was below the open interest in both options.
FOXA- The Jan. 2016 $28/$40 bull risk reversal was put on 20,000 times for a $0.35 debit. Volume was above the open interest in both options. They bought the $40 calls and sold the $28 puts.
INTC- 40,000 Oct. $33 calls were sold for $1.48 each, against open interest of 82,345 contracts. 75,000 were bought for $0.27 on 6/13 as part of a rollout from 25,000 Oct. $30 calls.
JPM- Another 10,000 Jan. 2015 $65 calls were bought for $0.44 each, against open interest of 50,636 contracts. 10,000 were bought yesterday as well.
Summer Sale: From … Read More »
Smart Money Report
GS- Goldman Sachs is set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $3.03 in EPS and revenue of $7.9 billion. The options market is implying a $4.05 move, or 2.43%, in either direction through Friday’s close. The call to put ratio is currently 1.13, led by a buyer of 1,900 July 19 $170 calls. They have beat EPS estimates over the last 10 quarters. However, the stock has fallen after earnings on five out of the last seven reports.
JPM- JPMorgan Chase is also set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $1.29 in EPS and revenue of $23.7 billion. The options market is implying a $1.24 move, or 2.20%, in either direction through Friday’s close. The call to put ratio is currently 2.11. The stock has … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Colgate-Palmolive (CL) and Interpublic Group of Companies (IPG).
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