Smart Money Report
DXJ- 10,000 Nov. $50 calls were purchased for $1.21 each, against open interest of 937 contracts. There was a large buyer of 5,418 Nov. $48 calls yesterday for $1.69 each. The Japanese Hedged Equity ETF is breaking out above the $47 resistance level today.
NMM- 3,500 Dec. $17.50 puts were purchased for $1.35-$1.40 each, against open interest of 99 contracts. The put to call ratio is 92:1. Put activity is 59x the average daily volume. The stock trades at a P/E ratio of 22.93x (2015 estimates), PEG ratio of 1.20x (2015 estimates), 5.2% revenue growth (19.3% this year), and has an average analyst price target of $19.63. The long-term uptrend on the weekly chart remains intact. This is likely a hedge against a long stock position given the fundamental and technical support behind shares of Navios Maritime Partners.
SWK- 2,200 … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in the WisdomTree Japan Hedged Equity Fund (DXJ) and Stanley Black & Decker (SWK).
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Smart Money Report
JPM- J.P. Morgan Chase is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.41 in EPS and revenue of $24.6 billion. The options market is implying $1.23 move, or 2.13%, in either direction through Friday’s close. Put to call ratio in (JPM) options is currently 1.13, led by a buyer of 2,500 Jan. 2015 $62.50 calls for $2.35 each.
WFC- Another large bank that will report in the morning is Wells Fargo. Analysts are looking for $0.96 in EPS and revenue of $20.6 billion. Option traders are pricing in a $0.97 move, or 2.01%, in either direction through Friday’s close. The put to call ratio in (WFC) options is currently 1.23, led by activity in the Apr. 19 $48 and $48.50 puts.
DXJ- The Aug. $40.38/$50.38 bull risk reversal was put on 4,400 times … Read More »