Why Large Option Traders Are Targeting Criteo S.A. | Why Large Options Traders Are Targeting Criteo S.A.
Why Large Option Traders Are Targeting Criteo S.A.
Around 2 P.M. EST on February 18th, someone purchased 2,500 Criteo S.A. (CRTO) March $45 calls for $1.82-$1.90 each. The $450K+ bet led to call activity being 16x the average daily volume and the call to put ratio was 8:1. Following this action there was another 1,500 bought for $1.85-$2.10 the very next day. This unusual options activity begs the question, why would he/she be making such an aggressive bet over the next month of trading?
To start off Criteo reported Q4 EPS of EUR 0.37 per share vs the Wall Street consensus estimate of EUR 0.24 per share on revenue of EUR 96M vs the EUR 90.7M estimate (74.5% year over year growth) early that morning on the 18th. They issued Q1 revenue guidance of EUR 96M-99M and FY15 guidance of EUR 433M-440M. … Read More »
Unusual Options Activity
AMAT- Call activity was more than 6x the average daily volume in Applied Materials led by massive buying in the Feb 27 weekly $24, $24.50 and Mar 6 weekly $25 calls this morning. Net call premium was +$2.2M vs net put premium of +$212K (implied volatility +20.5% to 40.68).
BWP- Someone rolled out 123,061 Boardwalk Pipeline Partners Mar $17 calls ($0.65 credit) into 43,844 Sep $18 calls ($1.70 debit). Volume was above the open interest in the Sep $18 calls. On average only 4,445 calls trade per day.
CRTO- This marks the second consecutive trading day of sizable buying in the Mar $45 calls. The largest today is for 1,154 contracts at $1.85. Open interest stood at 2,866 from 319 contracts yesterday, while total call open interest is 8,851 vs total put open interest of 3,283 contracts.
MDRX- 5,000 Mar $11 … Read More »