Smart Money Report
AAL- A rollout from 5,250 Dec 12 weekly $48.50 calls (credit) into 7,500 Jan 9 weekly $52.50 calls (debit). Volume was above the open interest in the Jan 9 weekly $52.50 calls. There have been several of these type of rolls in American Airlines in the last two weeks. On December 2nd, Credit Suisse raised their price target to $58 from $55. My article on (AAL) from November 27th
AMAT- Another rollout from 32,000 Apr 2015 $23 calls (credit) into 50,000 Apr 2015 $25 calls (debit). Volume was below the open interest in both options. Applied Materials shares are up for the 8th consecutive week, but just recently broke out above the $23 resistance level.
IMMU- Sizable buying in the May 2015 $7 and $8 calls today. Volume was above the open interest in both options. Call activity is 15x … Read More »
Smart Money Report
GES- Guess will report Q2 earnings after the bell tonight. Analysts are looking for $0.36 in EPS and revenue of $624 million. Options traders are pricing in a $3.10 move, or 11.19%, in either direction through September options expiration. The call to put ratio in the Sep. options is in favor of the bulls at 2.37.
WSM- Another retailer to release Q2 results tonight will be Willams-Sonoma. Analysts are looking for $0.47 in EPS and revenue of $939 million. The options market is implying a $4.25 move, or 7.13%, in either direction through Sep. options expiration. Call to put ratio in the Sep. options is currently 1.05.
M- 2,500 Nov. $46 calls were bought for $1.10-$1.11 each, against open interest of 699 contracts. Macy’s shares are up 1.93% today.
TOT- Roughly 2,300 Nov. $60 calls were purchased for $0.50-$0.55 each, against open … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight large call buying in Macy’s (M) and Total SA (TOT).
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