Smart Money Report
C- 6,000 Oct $44 puts were sold for $0.50 each, against open interest of 2,330 contracts. Shares of Citigroup haven’t been below $44 since April of 2013. On 7/15, Oppenheimer raised their price target to $68 from $67. They trade at a P/E ratio of 9.01x (2015 estimates) with 47.3% EPS growth (-17.1% this year), 3% revenue growth (0.4% this year), P/S ratio of 2.14x, P/B ratio of 0.72x, 0.08% dividend yield, and has an average analyst price target of $57.
CSCO- 10,000 Oct $26 calls were bought for $0.57-$0.58 each, against open interest of 54,271 contracts. Cisco Systems Q4 earnings are due out on 8/13. Large buying in these calls on 8/1 and 8/5. Open interest was 26,177 contracts on 8/1.
HZNP- 2,000 Sep $10 calls were bought for $1.05 each, against open interest of 94 contracts. They beat … Read More »
Why NextEra Energy’s Momentum Will Continue Into the Third Quarter
My article on NextEra Energy (NEE) for TheStreet.com
Smart Money Report
JASO- JA Solar is set to announce Q4 earnings after the bell on Monday morning. Analysts are looking for $0.03 in EPS and revenue of $292 million. Option traders are pricing in a $1.30 move, or 11.49%, in either direction through Mar. options expiration. The call to put ratio in (JASO) options is currently 5.69, led by buying in the Mar. $11, $12, and June $11 calls. The stock has dropped after earnings on four out of the last seven reports.
JNPR- The July $23/$29 bull risk reversal was put on 6k times for a $0.22 credit. Volume was above the open interest in both options. He/she will get to keep the $0.22 credit, but can more money on a move above $29. Losses will occur below $22.78.
NEE- 2,000 June $97.50 calls were purchased for $1.30 each, against open … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight large call buying in NextEra Energy (NEE) and Nokia (NOK).
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