Unusual Options Activity
Cablevision Systems (CVC)- 6,000+ Sep $20 calls were purchased for $1.55-$1.80. Call activity was 8x the average daily volume. They topped Q1 earnings and revenue estimates this morning. Average monthly RPC rose 4.8% to $155.34.
Express Scripts (ESRX)- Over 2,000 Aug $95 calls were bought for $1.50-$1.64. There was sizable June and July call buying last week. They recently announced an accelerated $5.5B share repurchase program and are rumored to a potential acquirer of Omnicare.
General Electric (GE)- There was sizable buying in the June 19 $28 calls (22,000+ traded) and Sep $28 calls (7,000 + traded). Volume was below the open interest in both options. My article on (GE) from April for TraderPlanet
Marathon Oil (MRO)- 6,000 May 8 weekly $30 puts were purchased for $0.20-$0.23. Earnings are due out on May 6th (shares have dropped on 5 straight reports).
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Open Interest Updates From The Previous Trading Days Action
ADT Corp. (ADT)- Mar $39 call open interest went from 5,073 to 6,823 contracts (more buying on Friday).
CABELA’s (CAB)- Mar $60 call open interest went from 1,288 to 6,842 contracts (buying on Friday).
ConocoPhillips (COP)- Apr 17 $65 call open interest went from 10,756 to 14,680 contracts (buying on Friday).
Golar LNG (GLNG)- Mar $35 call open interest went from 3,601 to 7,427 contracts (buying on Friday).
ChipMOS Technologies (IMOS)- June $25 call open interest went from 815 to 1,930 contracts (buying on Friday).
Plains All American Pipeline (PAA)- Aug $47.50 call open interest went from 9,316 to 12,316 contracts and Aug $47.50 put open interest went from 7,160 … Read More »