Smart Money Report
CSCO- Cisco Systems will report Q4 earnings after the bell tonight. Analysts are looking for $0.51 in EPS and revenue of $12.4 billion. Options traders are pricing in a $1.68 move, or 6.43%, in either direction. The call to put ratio in the Aug. options is in favor of the bulls at 2.28.
NTAP- Another large tech name to report tonight is NetApp. Analysts are looking for $0.49 in EPS and revenue of $1.5 billion. The options market is implying a $1.98 move, or 4.69%, in either direction. Put to call ratio in the Aug. options is 1.09.
HOV- 2,400 Sep. $6 calls were bought for $0.15 each, against open interest of 2,200 contracts. Hovnanian Enterprises are near the lows of the day, but remain higher by 0.58%.
PPC- Over 7,500 Dec. $15 calls were purchased for $3.30-$4.80 each, against open interest of 455 … Read More »
Unusual Options Activity
Today’s Unusual Options Activity Report features an out-of-the-money call buy in Hovnanian Enterprises (HOV) and a large in-the-money call purchase in Pilgrim Pride (PPC).
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