Smart Money Report
ACI- 3,145 July $6 calls were purchased for $0.10 each, against open interest of 17,259 contracts. Open interest has been building in these calls since late March.
GE- 7k June 21 $26 puts were sold for $0.28 each, against open interest of 17,915 contracts. General Electric shares broke out above the $26.25 resistance level last month.
KR- A rollout from 11,244 May $46 calls (debit) into 11,285 June $49 calls (credit). Volume was above the open interest in the June $49 calls. This was likely a rolling of an existing covered call strategy. Shares of the grocery store company are up for the fifth consecutive session.
SPLS- 4k May $13 puts were bought for $0.60 each, against open interest of 508 contracts. Earnings are due out on 5/20.
TUMI- 1,000 May $22.50 calls were purchased for $0.35 each, against open interest of … Read More »