Smart Money Report


2014-10-02 Smart Money Report (VMC) (ZBRA)

Posted on October 2nd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-10-02 Smart Money Report (VMC) (ZBRA)

Smart Money Report

AMJ- A rollout from 3,000 Oct $51 puts (credit) into 3,000 Nov $51 puts (debit). Volume was above the open interest in the Nov $51 puts. The MLP ETN is printing a bullish hammer on the test of the $51 level today. (AMJ) currently has a dividend yield of 4.41%.
DB- 5,000 Jan 2015 $35 calls were bought for $1.40-$1.45 each, against open interest of 7,060 contracts. There was large buying in these Deutsche Bank calls on September 5th. My commentary on (DB) from September 11th for TraderPlanet.com.
IAG- Over 4,800 Dec $2.50 puts were bought for $0.20 each, against open interest of 41,822 contracts. There was large buying in these IAMGOLD puts from September 19th-23rd. Declining gold prices continue to weight on miners like (IAG).
VMC- 5,000 Nov $60 calls were purchased for $2.14-$2.15 each, against open interest of 574 … Read More »


2014-10-01 Smart Money Report (LUV) (TKMR)

Posted on October 1st, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-10-01 Smart Money Report (LUV) (TKMR)

Smart Money Report

ACHC- 3,000 Dec $45 puts were sold for $1.55 each, against open interest of 84 contracts. The stock is now trading at the uptrend line from April after the pullback from $52 in the last week.
DG- The Jan 2015 $52.50/$65/$75 bull call spread risk reversal was put on 10,000 times for a $0.95 debit. Volume was above the open interest in the Jan 2015 $52.50 puts and the Jan 2015 $65 calls. Dollar General continues to go after Family Dollar Stores as a takeover candidate.
LUV- The Nov $33 straddle was put on 5,000 times for a $2.75 credit. Volume was above the open interest in both options.He/she thinks shares of Southwest Airlines stay around the $33 level through November options expiration. Earnings are due out on October 23rd.
SFM- 2,500 Nov $30 calls were purchased for $1.10 each, against … Read More »


2014-09-30 Smart Money Report (DHR) (KORS)

Posted on September 30th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-30 Smart Money Report (DHR) (KORS)

Smart Money Report

DHR- The Mar 2015 $70/$80 bull risk reversal was put on 7,500 times for a $0.65 debit. Volume was below the open interest in both options. This was tied to 500,000 shares. This trade was put on 7,500 times yesterday too. Bank of America said Danaher may buy Agilent Technologies’ Life Science division post the split.
KORS- 3,000 Nov 22 $80 calls were bought for $1.15 each, against open interest of 7,043 contracts. There was sizable put selling in the Michael Kors Oct 18 $70 puts yesterday.
PAAS- More than 6,000 Nov $11 puts were sold for $0.60 each, against open interest of 486 contracts. The stock is nearing a test of prior resistance from last year near $11. There have been several put sales in the gold and silver miners recently (betting on the correction at least pausing in … Read More »


2014-09-29 Smart Money Report (BABA) (KORS)

Posted on September 29th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-29 Smart Money Report (BABA) (KORS)

Smart Money Report

BABA- The Nov $85/$95 strangle was put on 3,000 times for a $7.30 credit. Volume was above the open interest in both options. The trader is betting that Alibaba shares will stay between $85-$95 on November options expiration.
BABA- 2,500 Dec $95 calls were sold for $4.30 each, against open interest of 0 contracts. On the 1st day of trading in (BABA) options traders/investors don’t see the stock eclipsing the IPO day high anytime soon. Implied volatility has fallen from the low 40’s to now just under 38%.
KORS- Over 4,300 Oct 18 $70 puts were sold for $1.40 each, against open interest of 3,767 contracts. The trader sees Michael Kors stock holding above the $70 level through October 17th, possibly ending a near 30% slide in the share price from May.
MCHP- A likely rollout from 2,000 Jan 2015 $50 … Read More »


2014-09-24 Smart Money Report (EGO) (WFC)

Posted on September 24th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-24 Smart Money Report (EGO) (WFC)

Smart Money Report

EGO- 8,000 Apr 2015 $7 puts were sold for $0.77-$0.78 each, against open interest of 798 contracts. There was selling in the Nov $7 puts today as well. Put activity in Eldorado Gold is 23x the average daily volume.
MU- 9,000 Oct 18 $29 calls were purchased for $3.45 each, against open interest of 24,535 contracts. Earnings are due out tomorrow afternoon. The options market is implying a $2.50 move. The stock has moved higher after earnings on 4 out of the last 7 reports (up after the last one). Micron Technology shares held on the retest of the 100-day SMA yesterday.
TMUS- The Jan 2015 $27/$28/$32 bull risk reversal was put on 5,000 times for a $0.38 debit. Volume was above the open interest in the Jan 2015 $28 and $32 calls. There have been reports that Iliad is … Read More »


2014-09-23 Smart Money Report (DG) (MBI)

Posted on September 23rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-23 Smart Money Report (DG) (MBI)

Smart Money Report

A- 10,000 Oct $60 calls were sold for $0.23 each, against open interest of 3,866 contracts. The $59-$60 level has been major resistance all year long in Agilent Technologies.
DG- 25,000 Nov $67.50 calls were purchased for $0.95 each, against open interest of 5,969 contracts. Typically trades 14,224 calls per day. Dollar General continues to pursue a takeover of rival Family Dollar Stores (FDO).
EXAS- 2,712 Oct $21 calls were bought for $1.04 each, against open interest of 1,076 contracts. Yesterday, EXACT Sciences announced that Group Health Cooperative will be the first health plan in Wisconsin to offer Cologuard (colorectal cancer screening test).
GFI- 14,000 Nov $4 puts were sold for $0.20 each, against no previous open interest. The trader/investor is betting on the recent correction being near an end through at least November options expiration.
MBI- 5,000 Sep 26 weekly $9.50 … Read More »


2014-09-19 Smart Money Report (BUD) (DVN)

Posted on September 19th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-19 Smart Money Report (BUD) (DVN)

Smart Money Report

AAL- The Jan 2015 $32/$40/$45 bull call spread risk reversal was put on 8,000 times for a $0.26 debit. Volume was above the open interest in the Jan 2015 $32 puts. American Airlines Group remain weak despite weakness in oil & gas prices. The stock could retest the Aug 8 lows above $35, if it is unable to hold above the $37 level support level.
BAC- A rollout from 10,000 Sep 20 $17 calls (credit) into 10,000 Sep 26 weekly $17 calls (debit). Volume was below the open interest in both options. Option traders/investors remain bullish on Bank of America in the near-term and long-term (out to early 2016).
BUD- A rollout from 2,000 Sep $115 calls (credit) into 2,000 Oct $120 calls (debit). Volume was above the open interest in the Oct $120 calls. Anheuser-Busch InBev SA is reportedly looking … Read More »


2014-09-18 Smart Money Report (ETP) (SHLD)

Posted on September 18th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-18 Smart Money Report (ETP) (SHLD)

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 »


2014-09-17 Smart Money Report (CBS) (GTAT)

Posted on September 17th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-17 Smart Money Report (CBS) (GTAT)

Smart Money Report

ADHD- 2,000 Oct $35 calls were bought for $2.60 each, against open interest of 3,542 contracts. Phase 3 data is due out soon
CBS- The Mar 2015 $50/$65 strangle was put on 7,000 times for a $2.93 credit. Volume was above the open interest in both options. He/she is looking for CBS shares to stay between $50-$65 through Mar 2015 options expiration. The breakeven points are $67.93 and $47.07.
GTAT- 20,000 Dec $11 puts were purchased for $1.35-$1.40 each, against open interest of 30,737 contracts. 17,000 GT Advanced Technologies Oct 18 $12 puts were purchased yesterday too (part of a rollout from Oct 18 $17 puts).
PBR- 12,000 Oct 18 $16 puts were sold for $0.53 each, against open interest of 12,249 contracts. The Apr 2015 $23/$30 1×2 ratio call spread was put on 10,000 times yesterday for a $0.54 … Read More »


2014-09-16 Smart Money Report (BIDU) (YHOO)

Posted on September 16th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-16 Smart Money Report (BIDU) (YHOO)

Smart Money Report

BCS- The Jan 2016 $15/$15 bull risk reversal was put on another 2,500 times for a $0.10-$0.15 credit. Volume was below the open interest in both options. This trade has been put on 17,500 times over the last three trading days.
BIDU- The Oct 18 $200/$220 bull risk reversal was put on 750 times for a $1.20 debit. Volume was below the open interest in both options.There was also a buyer of 1,296 Sep 20 $217.50 calls for $1.40 each in Baidu.
FIG- A likely rollout from 1,000 Mar 2015 $7.82 calls (credit) into 1,000 Mar 2015 $6.82 calls (debit). Volume was below the open interest in both options. Call activity is over 4x the average daily volume.
GTAT- A rollout from 10,000 Oct 18 $17 puts (credit) into 17,000 Oct 18 $12 puts (debit). Volume was above the open interest … Read More »


2014-09-12 Smart Money Report (AAPL) (AMAT)

Posted on September 12th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-12 Smart Money Report (AAPL) (AMAT)

Smart Money Report

AAPL- The Sep 26 weekly $102/$105 1×2 ratio call spread was put on 10,406 times for a $0.45 debit. Volume was above the open interest in both options. Yesterday’s bullish option trade in Apple.
ACT- A rollout from 2,000 Sep 20 $240 calls (credit) into 2,000 Oct 18 $240 calls (debit). Volume was above the open interest in the Oct 18 $240 calls. There were rumors earlier today of M&A speculation between Pfizer (PFE) and Actavis.
AMAT- A rollout from 20,000 Jan 2015 $22 calls (credit) into 20,000 Apr 2015 $23 calls (debit). Volume was above the open interest in the Apr 2015 $23 calls. On 8/21, S&P Equity Research maintained a strong buy rating on Applied Materials.
KRE- The Dec $37/$40 bull risk reversal was put on 7,000 times for a $0.74 debit. Volume was above the open interest in … Read More »


2014-09-11 Smart Money Report (AAPL) (AGCO)

Posted on September 11th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-11 Smart Money Report (AAPL) (AGCO)

Smart Money Report

AAPL- A likely rollout from 76,000 Sep 20 $105 calls (credit) into 20,000 Sep 26 weekly $103 calls (debit). Volume was above the open interest in the Sep 26 weekly $103 calls. The call to put ratio in Apple is nearly 3:1.
AGCO- A rollout from 1,800 Feb 2015 $55 puts (credit) into 3,000 Feb 2015 $50 puts (debit). Volume was above the open interest in the Feb 2015 $50 puts. AGCO shares have been trending lower since October (making new lows this week).
JPM- 9,772 Jan 2015 $60 calls were bought for $2.15 each, against open interest of 89,466 contracts. Open interest has gone from 49,611 on 8/21 to 89,466 before today’s action. Roughly 40,000 were bought from 8/21-8/26.
RICE- The Jan 2015 $30/$35 call spread was put on 2,970 times for a $1.50 debit. Volume was below the open … Read More »


2014-09-10 Smart Money Report (ALNY) (KBH)

Posted on September 10th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-10 Smart Money Report (ALNY) (KBH)

Smart Money Report

ALNY- 1,000 Dec $75 calls were purchased for $5.90 each, against open interest of 133 contracts. (ALNY) has Phase 2 data due out in the 4th quarter. 
KBH- 4,305 Oct $18 calls were sold for $0.32 each, against open interest of 3,597 contracts. Earnings are due out on 9/24. Shares of KB Home found resistance just below the $18 level last month.
MDC- 12,922 Oct $29 calls were sold for $0.45 each, against open interest of 4,384 contracts. The $29 level acted as resistance late last month/early this month. Typically trades 874 calls per day.
PTEN- 2,000 Sep $31 puts were sold for $0.46 each, against open interest of 406 contracts. Patterson-UTI Energy shares found support just above the $31 level earlier today.
ZION- A rollout from 5,000 Sep $30 calls (credit) into 5,000 Oct $30 calls (debit). Volume was above … Read More »


2014-09-09 Smart Money Report (DE) (WLT)

Posted on September 9th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-09 Smart Money Report (DE) (WLT)

Smart Money Report

DE- Another 2,500 Oct 18 $82.50 puts were purchased for $1.89 each, against open interest of 10,571 contracts. There was big buying in these Deere puts yesterday.
LNG- A rollout from 19,000 Oct 18 $80 calls (credit) into 19,000 Oct 18 $85 calls (debit). Volume was above the open interest in the $85 calls. Cheniere Energy shares have remained strong in a nice uptrend (has been above 70 RSI for most of the year).
MRVL- Another 1,500 Nov $15 calls were bought for $0.39 each, against open interest of 15,955 contracts. 3,000 were bought for $0.39 each yesterday as well.
TWTR- A rollout from 7,000 Jan 2015 $45 calls (credit) into 10,000 Jan 2015 $52.50 calls (debit). Volume was above the open interest in the Jan 2015 $52.50 calls. The call to put ratio in Twitter was 3:1.
WLT- 50,000 Jan 2016 $2 … Read More »


2014-09-08 Smart Money Report (DE) (RAX)

Posted on September 8th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-08 Smart Money Report (DE) (RAX)

Smart Money Report

AAPL- The Apr 2015 $117.14/$127.14 1×2 ratio call spread was put on 8,500 times for a $0.20 debit. Volume was above the open interest in both options. They bought 8,500 $117.14 calls and sold 17,000 $127.14 calls. This is likely done against a long stock position to add leverage without adding any additional shares.
DE- 4,000 Oct 18 $82.50 puts were bought for $1.75-$1.78 each, against open interest of 4,779 contracts. The stock is trading just above the February lows of $82.38. Over the last 3 months, 2015 Deere EPS estimates have fallen to $6.83 from $7.69.
DHI- 6,750 Feb 2015 $20 puts were sold for $1.00 each, against open interest of 4,139 contracts. Put activity is nearly 3x the average daily volume.
LVS- 5,000 Dec $72.50 calls were bought for $0.51-$0.56 each, against open interest of 3,968 contracts. The call … Read More »


2014-09-05 Smart Money Report (LGF) (PVH)

Posted on September 5th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-05 Smart Money Report (LGF) (PVH)

Smart Money Report

ATW- 3,000 Oct $50 calls were bought for $0.50 each, against open interest of 7 contracts. The call to put ratio is 104:1. Call activity is 36x the average daily volume. Implied volatility rose 14% to 26.86. Total call open interest is 2,587 contracts.
FB- A rollout from 6,383 Sep 5 weekly $74 calls (credit) into 7,660 Nov $77.50 calls (debit). Volume was below the open interest in both options. The call to put ratio is 2:1.
FTI- 2,000 Oct $60 calls were purchased for $0.70 and 4,000 Oct $52.50 puts were sold for $0.25, resulting in a bull risk reversal. Volume was above the open interest in both options. Option activity is 18x the average daily volume.
LGF- 3,000 Jan 2015 $30 puts were sold for $1.34-$1.38 each, against open interest of 2,071 contracts. After coming out of the base … Read More »


2014-09-04 Smart Money Report (IRM) (RHT)

Posted on September 4th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-04 Smart Money Report (IRM) (RHT)

Smart Money Report

BMY- 5,000 Jan 2015 $52.50 calls were bought for $1.61-$1.72 each, against open interest of 32,098 contracts. On 8/25, 4,500 Jan 2015 $52.50 calls were bought for $1.66 each.
DKS- A rollout from 3,000 Sep $43/$46 call spreads (credit) into 3,000 Oct $46/$49 call spreads (debit). Volume was above the open interest in the Oct $46 and $49 calls.
IRM- Over 7,700 Oct $37.50 calls have traded with the majority being purchased for $0.35-$0.40 each, against open interest of 5,540. The call to put ratio is 15:1. Call activity is 7x the average daily volume. Implied volatility rose 13.5% to 25.39. Elliott Management took a position in Iron Mountain shares in Q2.
RHT- The Sep $62.50/$67.50 call spread was put on 5,268 times for a $1.45 debit. Volume was above the open interest in both options. Red Hat earnings are due … Read More »


2014-09-03 Smart Money Report (C) (RSX)

Posted on September 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-03 Smart Money Report (C) (RSX)

Smart Money Report

C- 10,000 June 2015 $55 calls were bought for $2.82 each, against open interest of 649 contracts. The stock recently broke out above the resistance at the $50-$51 level that had been in place for most of the year (now has clear skies to the mid $50’s). Citigroup trades at a P/E ratio of 9.73x (2015 estimates) with 47.5% EPS growth (-17.1% this year), 3% revenue growth (0.3% this year), P/S ratio of 2.31x, P/B ratio of 0.78x, 0.08% dividend yield, and has an average average analyst price target of $57.82. On 7/15, Oppenheimer raised their price target to $68 from $67.
EXAS- 3,000 Sep $24 calls were sold for $1.20-$1.25 each, against open interest of 3,576 contracts. This morning Goldman Sachs raised their price target on EXACT Sciences to $26 from $19.
MCD- Another 4,000 Jan 2016 $100 calls … Read More »


2014-09-02 Smart Money Report (ASML) (EWG)

Posted on September 2nd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-02 Smart Money Report (ASML) (EWG)

Smart Money Report

ASML- Another 1,200 Oct $105 calls were bought for $1.00-$1.75 each, against open interest of 8,190 contracts. Over 6,000 were bought on 8/26. The call to put ratio is 3:1. Call activity is 6x the average daily volume. Implied volatility in ASML Holding rose 14.3% to 26.12.
EWG- 2,550 Apr 2015 $25 puts were sold for $0.55 each, against open interest of 627 contracts. The Germany equity ETF hasn’t been near the $25 level since last September.
QEP- 2,000 Sep $35 calls were purchased for $1.20 each, against open interest of 3,800 contracts. This was tied to 100,000 shares of stock.
URBN- A rollout from 3,000 Sep $37 calls (credit) into 3,000 Oct $39 calls (debit). Volume was above the open interest in the Oct $39 calls.
YHOO- A likely rollout from 5,316 Sep 20 $40 calls (credit) into 7,057 Oct 18 … Read More »


2014-08-28 Smart Money Report (FRO) (QIHU)

Posted on August 28th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-28 Smart Money Report (FRO) (QIHU)

Smart Money Report

AMAT- 5,000 Apr 2015 $25 calls were purchased for $1.24-$1.25 each, against open interest of 76 contracts. Large open interest still remains in upside calls in the Jan 2015 options expiration.
CTL- 2,000 Jan 2016 $40 calls were bought for $3.50 each, against open interest of 5,824 contracts. This was tied to a sale of 110,000 shares.
FRO- 10,000 Jan 2015 $2 puts were purchased for $0.30 and 10,000 Jan 2015 $2 calls were sold for $0.45-$0.50 each. Volume was above the open interest in both options. This bear risk reversal (or collar) in Frontline is profitable below $2.20 on Jan 2015 options expiration.
GES- The Jan 2016 $20/$28 bull risk reversal was put on 2,000 times for a $0.65 debit. Volume was above the open interest in the Jan 2016 $28 calls. Guess? missed Q3 EPS, revenue estimates and lowered … Read More »



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