TAP


2015-03-31 Unusual Options Activity (TAP) (YHOO)

Posted on March 31st, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-03-31 Unusual Options Activity (TAP) (YHOO)

Unusual Options Activity

Huntsman (HUN)- Another 1,500 Jan 2016 $22 calls were bought for $2.50-$2.55, against open interest of 10,601 contracts. This is the 3rd straight day of buying (open interest was just 571 contracts on March 27th). Earnings estimates have fallen, but shares currently trade at a P/E ratio under 10x (2015 estimates), price to sales ratio of 0.46x, and a price to book ratio of 3.01x.
Lumber Liquidators (LL)- The Apr 10 weekly $31/$36 bull call spread was put on another 3,000 times for a $2.20 debit. This trade was done yesterday as well.
Molson Coors (TAP)- 11,000+ May $77.50 calls were purchased for $2.40-$2.60. Just a few minutes later 16,000 Apr $77.50 calls were sold for $0.85-$1.00 (likely a roll from Apr calls into May calls). Call activity was 9x the average daily volume.
United States Steel (X)- 4,000 May 15 … Read More »


2015-01-13 Unusual Options Activity (COF) (CVS)

Posted on January 13th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-01-13 Unusual Options Activity (COF) (CVS)

Unusual Options Activity

AMD- Roughly 60,000 Feb 20 $2.50 puts were bought for $0.16-$0.17 each, against open interest of 680 contracts. Put activity was nearly 7x the average daily volume and the put to call ratio was 38:1. Advanced Micro Devices reports Q4 earnings on January 20th (the stock has fallen after the results on 5 out of the last 7 reports). EPS estimates for 2014 and 2015 are still on the decline ($0.15 to $0.09 in three months for 2015). Revenue is likely to shrink nearly 6% this year to under $5.2B. On December 30th, Citigroup initiated the stock with a sell rating.
COF- The Feb $72.50/$77.50 bear put spread was put on 2,000 times for a $1.10 debit today. Volume was above the open interest in both options. Put activity was 4x the average daily volume and the put to … Read More »



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