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Unusual Options Activity
Allegion (ALLE)- The May $55/$60 bear put spread was put on 1,786 times for a $1.40 debit. On average, just 24 puts trade per day. Earnings are due out tonight or tomorrow morning. The long-term uptrend remains intact, but shares have fallen on 2 out of the last 3 reports.
Boyd Gaming (BYD)- 3,000 May $13 calls were bought for $0.60-$0.65. Earnings are due out tomorrow night. Shares have alternated between up and down post earnings moves in the last 7 quarters with the previous report resulting in a lower close.
SPDR Gold Trust ETF (GLD)- The Jan 2016 $110/$120/$140 bull call spread risk reversal was put on 2,500 times for a $0.32 credit. Volume was below the open interest in all three options. There was massive buying in the June 19 $120 calls for $1.10-$1.25 yesterday (also been bullish … Read More »
Payroll Strength And Healthcare Reform Services Helped Paychex Deliver In Q2
My article on Paychex (PAYX) for Seeking Alpha
Paychex (NASDAQ:PAYX) is a $17B company that provides human resource and payroll outsourcing solutions for small and mid-sized businesses that spans over 567,000 clients worldwide. On December 19th, they reported Q2 EPS of $0.47 per share vs. the Wall Street consensus estimate of $0.46 per share (9.3% year-over-year increase) and revenue of $676.3M vs. the $673.66M estimate (9.7% year-over-year increase). Both net income and operating income rose 9% to $173M and $270.2M, respectively…Click here to read the rest of the article.
Smart Money Report
AKAM- Another 1,600 Nov 22 $60 calls were purchased for $1.20-$1.26 each, against open interest of 10,444 contracts. 7,572 Akamai Technologies Nov 22 $60 calls were purchased for $1.36 each on October 15th. There was also a seller of Nov 22 $50 puts (2,639 times) for $1.10 each. Q3 earnings are due out tomorrow afternoon.
AMD- 52,000 Jan 2015 $3 puts were sold for $0.42-$0.43 each, against open interest of 87,056 contracts. Regardless of whether this is a new position or someone closing out a long put position (check open interest tomorrow for confirmation), he/she likely sees the correction coming to an end at least through the next three months in Advanced Micro Devices.
PAYX- 35,000 Dec $46 calls were sold for $0.75-$0.80 each, against open interest of 663 contracts. Paychex shares are new highs and is up for the … Read More »