Smart Money Report
ADHD- 2,000 Oct $35 calls were bought for $2.60 each, against open interest of 3,542 contracts. Phase 3 data is due out soon
CBS- The Mar 2015 $50/$65 strangle was put on 7,000 times for a $2.93 credit. Volume was above the open interest in both options. He/she is looking for CBS shares to stay between $50-$65 through Mar 2015 options expiration. The breakeven points are $67.93 and $47.07.
GTAT- 20,000 Dec $11 puts were purchased for $1.35-$1.40 each, against open interest of 30,737 contracts. 17,000 GT Advanced Technologies Oct 18 $12 puts were purchased yesterday too (part of a rollout from Oct 18 $17 puts).
PBR- 12,000 Oct 18 $16 puts were sold for $0.53 each, against open interest of 12,249 contracts. The Apr 2015 $23/$30 1×2 ratio call spread was put on 10,000 times yesterday for a $0.54 … Read More »
Smart Money Report
BCS- The Jan 2016 $15/$15 bull risk reversal was put on another 2,500 times for a $0.10-$0.15 credit. Volume was below the open interest in both options. This trade has been put on 17,500 times over the last three trading days.
BIDU- The Oct 18 $200/$220 bull risk reversal was put on 750 times for a $1.20 debit. Volume was below the open interest in both options.There was also a buyer of 1,296 Sep 20 $217.50 calls for $1.40 each in Baidu.
FIG- A likely rollout from 1,000 Mar 2015 $7.82 calls (credit) into 1,000 Mar 2015 $6.82 calls (debit). Volume was below the open interest in both options. Call activity is over 4x the average daily volume.
GTAT- A rollout from 10,000 Oct 18 $17 puts (credit) into 17,000 Oct 18 $12 puts (debit). Volume was above the open interest … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a likely call rollout in Fortress Investment (FIG) and a put rollout in GT Advanced Technologies (GTAT).
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