EXAS


2014-01-06 Unusual Options Activity (C) (MET)

Posted on January 6th, by Mitchell Warren in Free Articles, Options Risk Management, Unusual Options Activity. Comments Off on 2014-01-06 Unusual Options Activity (C) (MET)

Unusual Options Activity

BERY- Someone sold their 3,000 Mar 2015 $30 calls for $2.60 each, against open interest of 3,356 contracts. He/she bought those calls on November 10th for $0.70. Berry Plastics is set to report earnings on January 29th and the stock is currently up for the eight consecutive week.
C- The two largest single trades of the day in Citigroup were a seller of 6,900 Feb 13 weekly $48.50 puts for $0.65-$0.66 and then 11 minutes later a seller of 10,000+ Mar 20 $47 puts for $0.83-$0.84. Volume was above the open interest in the Feb 13 weekly $48.50 puts. The recent performance in U.S. treasuries has sent the stock down about 8% in less than a week. These big put sales are willing to step in ahead of earnings on January 15th (stock has moved higher after earnings on … Read More »


2014-09-23 Smart Money Report (DG) (MBI)

Posted on September 23rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-23 Smart Money Report (DG) (MBI)

Smart Money Report

A- 10,000 Oct $60 calls were sold for $0.23 each, against open interest of 3,866 contracts. The $59-$60 level has been major resistance all year long in Agilent Technologies.
DG- 25,000 Nov $67.50 calls were purchased for $0.95 each, against open interest of 5,969 contracts. Typically trades 14,224 calls per day. Dollar General continues to pursue a takeover of rival Family Dollar Stores (FDO).
EXAS- 2,712 Oct $21 calls were bought for $1.04 each, against open interest of 1,076 contracts. Yesterday, EXACT Sciences announced that Group Health Cooperative will be the first health plan in Wisconsin to offer Cologuard (colorectal cancer screening test).
GFI- 14,000 Nov $4 puts were sold for $0.20 each, against no previous open interest. The trader/investor is betting on the recent correction being near an end through at least November options expiration.
MBI- 5,000 Sep 26 weekly $9.50 … Read More »


2014-09-23 Unusual Options Activity (EXAS) (GFI)

Posted on September 23rd, by Mitchell Warren in Options Risk Management, Unusual Options Activity. Comments Off on 2014-09-23 Unusual Options Activity (EXAS) (GFI)

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in EXACT Sciences (EXAS) and put selling in Gold Fields (GFI).

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2014-09-03 Smart Money Report (C) (RSX)

Posted on September 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-03 Smart Money Report (C) (RSX)

Smart Money Report

C- 10,000 June 2015 $55 calls were bought for $2.82 each, against open interest of 649 contracts. The stock recently broke out above the resistance at the $50-$51 level that had been in place for most of the year (now has clear skies to the mid $50’s). Citigroup trades at a P/E ratio of 9.73x (2015 estimates) with 47.5% EPS growth (-17.1% this year), 3% revenue growth (0.3% this year), P/S ratio of 2.31x, P/B ratio of 0.78x, 0.08% dividend yield, and has an average average analyst price target of $57.82. On 7/15, Oppenheimer raised their price target to $68 from $67.
EXAS- 3,000 Sep $24 calls were sold for $1.20-$1.25 each, against open interest of 3,576 contracts. This morning Goldman Sachs raised their price target on EXACT Sciences to $26 from $19.
MCD- Another 4,000 Jan 2016 $100 calls … Read More »


2014-08-25 Smart Money Report (BKW) (VVUS)

Posted on August 25th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-25 Smart Money Report (BKW) (VVUS)

Smart Money Report

BKW- Over 3,000 Jan 2015 $33 calls were bought for $1.40-$1.50 each, against open interest of 1 contract. Burger King Worldwide is in talks to buy Tim Horton (both stocks are up 20%+ today). Implied volatility rose 143.1% to 40.62.
EXAS- 2,000 Sep $22 calls were bought for $1.20-$1.30 each, against open interest of 1,786 contracts. Open interest was 20 contracts on 8/20. On 8/12, EXACT Sciences announced the FDA has approved Cologuard, the companies non-invasive, stool DNA colorectal cancer screening test. Today, the Mayo Clinic became the 1st healthcare system to offer Cologuard.
MDLZ- Another 4,876 Oct $35 puts were bought for $0.34-$0.35 each, against open interest of 13,037 contracts. Nearly 12,000 were bought on Friday.
P- 3,000 Jan 2015 $33 calls were bought for $1.93 each, against open interest of 184 contracts. On 8/13, Stifel Nicolaus initiated the stock … Read More »


2014-08-19 Smart Money Report (EXAS) (KNDI)

Posted on August 19th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-19 Smart Money Report (EXAS) (KNDI)

Smart Money Report

BURL- The Sep $35 straddle was put on 3,000 times for a $3.35 credit. Volume was above the open interest in both options. Earnings  are due out on 9/9. The trader is betting on the stock staying around the $35 level through Sep options expiration. Breakevens are at $38.35 and $32.65. The stock has moved $2-$4 the day after reporting on the 3 reports as a public company.
DKS- 3,000 Sep $46 calls were sold for $0.65 each, against open interest of 1,917 contracts. The stock has resistance in the $46-$47.50 range. They reported Q2 EPS of $0.67 vs the $0.66 estimate and revenue of $1.69B vs the $1.65B estimate this morning. They repurchased $100M in stock in the quarter. Sporting Goods comps were+4.1% while Golf Galaxy comps came in at -9.3%.
EXAS- 2,000 Oct $17 puts were sold for … Read More »



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