2016-12-28 Unusual Options Activity Report: TSO, AMD, DAL, & More | Unusual Options Activity Report: TSO, AMD, DAL, & More
Unusual Options Activity Report: TSO, AMD, DAL, & More
It’s time to review several stocks that had unusual options activity over the last week. Although traders can never be sure why these trades take place (and who’s making them), I believe it’s important to be aware of notable options activity as an indicator for directional bias.
Here’s a weekly recap of 10 stocks that had unusual options activity and what, if any, significance these trades may have.
Unusual Options Activity: 10 Stocks With Notable Trades
BioCryst Pharmaceuticals (NASDAQ:BCRX) – 5,000 Mar 17 2017 $10 calls were bought for $2.00. The $472M biotech company is expected to have Phase 2 data results on BCX7353 – APeX-1 (used to reduce or eliminate attacks in HAE patients) due out in the first quarter of 2017. On December 16th, JMP Securities upgraded the stock to outperform with a $10 price target.
Grupo Televisa (NYSE:TV) – Roughly … Read More »
Smart Money Report
AAPL- A rollout from 1,397 Aug. 16 $89.29 calls (credit) into 1,397 Jan. 2015 $90/$100 call spreads (debit). Volume was below the open interest in all three options. The call to put ratio is over 2:1.
AMAT- A rollout from 8,500 Jan. 2015 $20 calls (credit) into 14k Jan. 2015 $24 calls (debit). Volume was below the open interest in both options. There was a similar rollout yesterday.
IGT- A rollout from 5,000 July $16 calls (credit) into 3,550 Aug. $16 calls (debit). Volume was above the open interest in the Aug. $16 calls. Earnings are due out on 7/22. They are looking to sell the company too (announced recently).
MEOH- The Jan. 2015 $57.50/$67.50 bull risk reversal was put on 2,500 times for a $0.95 debit. Volume was above the open interest in both options. Option activity is nearly 7x the … Read More »