Smart Money Report
CBS- A rollout from 20,000 Nov 22 $53 calls (credit) into 20,000 Dec 20 $55 calls (debit). Volume was below the open interest in both options. On the weekly chart CBS shares have been struggling to maintain a move above the 10-week exponential moving average.
CTIC- Sizable buying in the Jan 2016 $2.50 and $3 calls today. Volume was above the open interest in both options. Call activity is 38x the average daily volume. CTI BioPharma has Phase 3 data due out in Q1 2015.
HES- A rollout from 11,000 Nov 22 $80 puts (credit) into 11,000 Dec 20 $80 puts (debit). Volume was above the open interest in the Dec 20 $80 puts. Put activity is over 6x the average daily volume. For the last month, Hess shares have been range bound between $80 and $85 (watch for a … Read More »