Smart Money Report
AAL- The Jan 2015 $32/$40/$45 bull call spread risk reversal was put on 8,000 times for a $0.26 debit. Volume was above the open interest in the Jan 2015 $32 puts. American Airlines Group remain weak despite weakness in oil & gas prices. The stock could retest the Aug 8 lows above $35, if it is unable to hold above the $37 level support level.
BAC- A rollout from 10,000 Sep 20 $17 calls (credit) into 10,000 Sep 26 weekly $17 calls (debit). Volume was below the open interest in both options. Option traders/investors remain bullish on Bank of America in the near-term and long-term (out to early 2016).
BUD- A rollout from 2,000 Sep $115 calls (credit) into 2,000 Oct $120 calls (debit). Volume was above the open interest in the Oct $120 calls. Anheuser-Busch InBev SA is reportedly looking … Read More »
Smart Money Report
CHTR- A rollout from 1,916 Sep. $145 calls (credit) into 2,875 Sep. $175 calls (debit). Volume was above the open interest in the Sep. $175 calls. Earnings are due out on 7/31.
DVN- 4,700 Jan. 2015 $70 puts were sold for $1.95 each, against open interest of 3,825 contracts. Put activity is 3x the average daily volume. Earnings are due out on 8/6.
MCP- More than 11,000 Sep. $2.50 calls have traded today with the majority be purchased for $0.09 each, against open interest of 12,860 contracts. Earnings are due out on 8/7. Molycorp shares are down roughly 70% year to date.
MPC- 3,000 Aug. 16 $82.50 calls were purchased for $1.25 each, against open interest of 880 contracts. Earnings are due out on 7/31. The call to put ratio is 14:1. Call activity is 2x the average daily volume.
POT- 10,000 … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put selling in Devon Energy (DVN) and call buying in Molycorp (MCP).
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