Smart Money Report
ANET- 2,580 Sep $70 puts were sold for $0.95 each, against open interest of 9 contracts. Shares of Arista Networks are nearing a retest of the $80 resistance level.
HPQ- 10,000 Sep 20 $36 calls were bought for $1.04 each, against open interest of 11,594 contracts. The stock is hitting new 52-week highs after reporting Q2 EPS of $0.89 vs the $0.89 estimate and revenue of $27.59B vs the $27.06B estimate. Hewlett-Packard expects Q4 EPS of $1.03-$1.07 vs the $1.05 estimate and FY14 EPS of $3.70-$3.74 vs the prior guidance of $3.63-$3.75. Ideal buying opportunities have been on pullbacks to the 50-day EMA.
MRVL- Over 6,000 Nov $15 calls were bought for $0.35 each, against open interest of 4,563 contracts. Earnings are due out tonight. The stock has moved higher after earnings on 4 out of the last 7 reports. … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in Rice Energy (RICE) and call buying in Tibco Software (TIBX).
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