Smart Money Report

1. ETFC- 20k Jan. 2015 $7 puts were bought for $0.41. Open interest was 20,155 contracts, so this could be someone closing out a short put position.
2. SPY- Earlier this morning, S&P 500 bulls were buying the Mar. $156 calls aggressively, with the largest block going for $0.20-$0.24. These calls are now trading around $0.34, with the (SPY) at $155.93.
3. PAL- Well over 9k Sep. $2 calls were sold for the bid price of $0.10 this afternoon. This could be a naked short call position or a covered call position, either way he/she is looking at the $2 level as resistance.
4. EA- The Apr. $19 straddle was purchased 10k times for $1.68-$1.69 each. Volume was well above the open interest in both strikes.
5. AAPL- As shares of Apple reversed from earlier losses this morning, the Mar. call/put ratio was just under 1.29. The Mar. $430, $435, and $440 calls were the three most active strikes.

Non-members: Sign up for a risk free trial today to receive access to all of the Unusual Options Activity reports, Trade Ideas, Stock Watchlist Updates, and more! No credit card required.

Also, we are running a limited time offer on our monthly and annual subscriptions.

Check it all out on this page—> https://optionsriskmanagement.com/register/