Smart Money Report
BAC- Another 10,000 Jan 2016 $20 calls were purchased for $0.85 each, against open interest of 446,194 contracts. Earnings are due out on 10/15.
BCS- The Jan 2016 $15/$15 bull risk reversal was put on another 5,000 times for a $0.25-$0.30 debit. Volume was below the open interest in both options. This trade has now been done 25,000 times since 9/12.
ETP- 5,000 Dec $60 calls were bought for $1.40 each and 5k Dec $62.50 calls were bought for $0.65 each. Volume was above the open interest in both options. Energy Transfer Partners and Energy Transfer Equity could be the next to consolidate in the MLP space (similar to the Kinder Morgan consolidation).
RAD- 10,000 Jan 2015 $5.50 puts were sold for $0.43 each, against open interest of 7,972 contracts. (RAD) beat Q2 EPS and revenue estimates this morning, but it … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Bank of America (BAC) and put selling in Rite Aid (RAD).
You need to be logged in to see this part of the content. Please Login to access.
Smart Money Report
PIR- Pier 1 Imports is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.41 in EPS and revenue of $517 million. The options market is implying a $1.20 move, or 6.59%, in either direction through Apr. options expiration. Call to put ratio in (PIR) options is currently 7.71:1, led by buying in the Apr. $18 and May $19 calls. The stock has closed higher on four out of the seven earnings reports.
RAD- Another retailer to report tomorrow morning is Rite Aid. Analysts are looking for $0.04 in EPS and revenue of $6.5 billion. Option traders are pricing in a $0.55 move, or 8.68%, in either direction through Friday’s close. The call to put ratio in (RAD) options is currently 1.94:1, led by buying in the Apr. 11 weekly 6.50 calls. The stock … Read More »