Smart Money Report
ATW- 3,000 Oct $50 calls were bought for $0.50 each, against open interest of 7 contracts. The call to put ratio is 104:1. Call activity is 36x the average daily volume. Implied volatility rose 14% to 26.86. Total call open interest is 2,587 contracts.
FB- A rollout from 6,383 Sep 5 weekly $74 calls (credit) into 7,660 Nov $77.50 calls (debit). Volume was below the open interest in both options. The call to put ratio is 2:1.
FTI- 2,000 Oct $60 calls were purchased for $0.70 and 4,000 Oct $52.50 puts were sold for $0.25, resulting in a bull risk reversal. Volume was above the open interest in both options. Option activity is 18x the average daily volume.
LGF- 3,000 Jan 2015 $30 puts were sold for $1.34-$1.38 each, against open interest of 2,071 contracts. After coming out of the base … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in Facebook (FB) and a bull risk reversal in FMC Technologies (FTI).
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DFS Earnings Preview- Highlighted buying in the July $65 calls earlier today. Call to put ratio at 3:1. Stock put in a higher low on the weekly chart over the past two weeks and has moved higher after earnings on the past two reports. Average analyst price target of $63.50.
FTI Earnings Preview- Over 1,500 May $57.50 calls were bought for $0.65-$0.80 each today ahead of earnings tonight. Typically trades 275 calls per day. Call to put ratio is 13:1. This oil related services & equipment company has no major resistance until the $58-$60 level. Trades at a forward PEG ratio of 0.92x (2014 estimates), 8.7% revenue growth, and has an average analyst price target of $62. The stock has moved lower on the last three reports, but has moved higher on three of the four reports before then.
IGT Earnings … Read More »