Smart Money Report
AMAT- A rollout from 17,000 Jan. 2015 $20 calls (credit) into 28,000 Jan. 2015 $24 calls (debit). Volume was above the open interest in the Jan. 2015 $24 calls. The long-term uptrend remains intact, but is now at the highest level in the RSI on the weekly chart. A better entry would be near $21. Applied Materials trades at a P/E ratio of 17.05x (2015 estimates), PEG ratio of 0.68x (2015 estimates), 9% revenue growth, 1.75% dividend yield, and has an average analyst price target of $22.
CTXS- 2,000 July $62.50 puts were sold for $0.55-$0.56 each, against open interest of 228 contracts. Earnings are due out on 7/23. This is a mildly bullish bet that Citrix Systems is stay above support at the $62-$63 level through July options expiration.
MU- The June 27 weekly 1×2 $27/$30 put spread was … Read More »
Smart Money Report
LGF- Lions Gate Entertainment will report Q4 earnings after the bell tonight. Analysts are looking for $0.40 in EPS and revenue of $824 million. Option traders are pricing in a $2.65 move, or 8.95%, in either direction through June options expiration. The call to put ratio in (LGF) options is currently 7:1, led by buying in the June $31 calls. The stock has moved higher after earnings on three out of the last four reports.
CLF- A rollout from 7,000 Oct. $17 puts (credit) into 19,000 Jan. 2015 $12 puts (debit). Volume was above the open interest in the Jan $12 puts. There was a rollout from 3,414 Oct. $18 puts (credit) into 14,830 Jan. 2015 $13 puts (debit) yesterday.
CTXS- More than 1,000 Sep. $70 calls were bought for $1.00-$1.05 each, against open interest of 1,449 contracts. There was … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a put rollout in Cliffs Natural Resources (CLF) and call buying in Citrix Systems (CTXS).
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Free Trade of the Day
Citrix Systems (CTXS)
Notes: Citrix Systems (CTXS) is set to announce Q4 earnings on Wednesday, January 29th.
Citrix Systems (CTXS) Options Trade Idea
Buy the (CTXS) Feb. $62.50/$65 Call Spread for a $0.70 debit or better
(Buy the Feb. $62.50 Call and sell the Feb. $65 Call, all in one trade)
Stop loss- None
Upside target- $2.25
Updates: AbbVie (ABBV) shares rose 0.20% today, confirming a short-term bottom at the $50 level.
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2013 Option Trades
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