Unusual Options Activity
Freeport McMoRan (FCX)- 30,000+ Aug 21 $14 puts were bought for $0.34-$0.38. Earnings are due out on July 23rd (shares have dropped after earnings on 4 straight reports).
MGM Resorts International (MGM)- There was a rollout from 2,000 July 17 $18 puts ($0.75 credit) into 4,000 Aug 21 $17 puts ($0.85 debit). Shares are trading just above support at the $17.25-$17.50 level.
Rockwell Automation (ROK)- There was a rollout from 1,140 July $125 puts ($4.50 credit) into 1,140 Aug $125 puts ($7.60 debit). Also, there was sizable buying in the Aug $120 puts. Q3 earnings are due out on July 29th. The stock broke below the 50-day EMA today.
Raptor Pharmaceuticals (RPTP)- 3,500 Aug $14 calls were bought for $1.20. They have Phase 2 data results due in Q3 or Q4 of this year.
United Rentals (URI)- There was a rollout from … Read More »