Unusual Options Activity
Andarko Petroleum (APC)- Another 9,000 Aug $95 calls were purchased for $2.20-$2.31 each, against open interest of 18,856 contracts. There was large buying on March 6th and 16th too that led to the 18,000+ in open interest.
Caesars Entertainment (CZR)- A rollout from 5,000 Mar 27 weekly $10 calls ($0.10 credit) into 5,000 Apr 2 weekly $10 calls ($0.40 debit). The trader is booking a $0.40 loss on the Mar 27 weekly calls, but wants to extend the trade an additional week.
Ensco (ESV)- The June $16/$20 bear put spread was put on 10,000 times for a $0.95 debit. (NOV) is a provider of drilling equipment and components and (ESV) is an offshore driller. Both seeing bearish options activity.
National-Oilwell Varco (NOV)- The Aug $37.50/$47.50 bear put spread was put on another 4,000 times for a $2.66 debit. This trade was put on … Read More »
Smart Money Report
GLD- 20,474 Dec. $130 calls were bought for $4.30 each, against open interest of 526 contracts.
INTC- 5k July $23 puts were purchased for $0.94 each, against open interest of 3,956 contracts.
NOV- 19,500 Aug. $75 calls were sold for $4.55 each, against open interest of 356 contracts.
TIVO- 5k May $13 calls were sold for $0.65 each, against open interest of 1,803 contracts. Earnings are due out on 2/26.
AAPL- Apple shares are bucking the trend in the overall market today, currently above the $500 level and in positive territory. The Relative Strength Index (RSI) is near the September lows, which is where the stock bottomed out. The call to ratio in (AAPL) options is still below average at 1.20.
2014 LIMITED TIME OFFER– Save over 33% off the retail price ($299.95) of a 1 year membership. This $199 offer is only … Read More »