Smart Money Report
AMBC- Ambac Financial will report Q2 earnings after the bell tonight. Analysts are looking for $0.59 in EPS and revenue of $131M. The stock has moved higher after all 4 earnings reports (went public in April 2013). Nearly 6,000 Jan 2015 $30 calls were bought for $1.05 each on 8/6.
NUAN- Nuance Communications will also be releasing earnings after the bell tonight. Analysts are looking for $0.27 in EPS and revenue of $499M. The options market is pricing in a $1.30 move, or 7.19%, in either direction through Friday’s close. The call to put ratio is currently 5:1, led by a likely rollout from 1,000 Oct $18 calls (credit) into 2,000 Oct $20 calls (debit). The stock has dropped after earnings on 7 straight reports. On 5/22, Goldman Sachs lowered their price target to $14 from $15.
NRG- 5,000 Jan … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Tile Shop (TTS) and Williams Companies (WMB).
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Smart Money Report
CIEN- 2,500 Jan 2015 $20 puts were sold for $2.21 each, against open interest of 3,648 contracts. 1,000 were sold for $2.07-$2.08 on 7/10. Since soaring higher on 6/5 following a better than expected Q2 earnings report, Ciena shares have been filling the gap.
HD- A rollout from 7,699 July 25 weekly $78 puts (debit) into 7,699 Aug 29 weekly $78 puts (credit). Volume was above the open interest in the Aug 29 weekly puts. Home Depot shares printed a bullish hammer at $78 earlier this month (also around the 200-day SMA).
KO- 8,921 Aug 16 $42 calls were purchased for $0.85 each, against open interest of 31,687 contracts. Earnings are due out on 7/22. On 7/16, Nomura maintained a buy rating on Coca-Cola, but raised their price target to $54 from $53.50.
TTS- Another 1,250 Feb 2015 $12.50 calls were … Read More »