Smart Money Report
CVLT- 2,500 Sep $50 calls were purchased for $2.70-$2.75 each, against no previous open interest. Earnings are due out tomorrow morning. The stock has dropped after earnings on 4 out of the last 7 reports (down on the last 3 reports too). The stock has been consolidating in a $4 range for the last few months.
DWA- 2,213 Aug $21 puts were bought for $0.45 each, against open interest of 657 contracts. Earnings are due out tomorrow night. The stock has dropped after earnings on the last two reports (up on 4 out of the last 7 reports). The stock remains in a downtrend from the start of the year and was recently hit after “How to Train Your Dragon 2” missed box office estimates.
FDO- 4,250 Oct $75 calls were bought for $1.05 each, against open interest of 66 … Read More »
Smart Money Report
MSFT- Microsoft will report Q2 earnings after the bell tonight. Analysts are looking for $0.68 in EPS and revenue of $23.7 billion. The options market is implying a $1.56 move, or 4.38%, in either direction through Friday’s close. Call to put ratio in (MSFT) options is currently 1.14, led by a seller of 5,000 July $32 puts for $1.06 each.
SBUX- Starbucks is also set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.69 in EPS and revenue of $4.3 billion. Option traders are pricing in a $3.62 move, or 4.96%, in either direction through Friday’s close. The call to put ratio in (SBUX) options is 2.02, led by a buyer of 400 Feb. 2014 $72.50 calls for $2.38 each.
ARMH- 8,300 Feb. $48 puts were sold for $1.75 each, against open interest of 817 contracts. … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a large put seller in ARM Holdings (ARMH) and a put buyer in DreamWorks Animation SKG (DWA).
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