Smart Money Report

1. AAPL- The call to put ratio was 1.65 as shares of Apple rose 2.72% on the day. The Mar. weekly 22 $440 and $450 calls were the two most active strikes. We covered Apple in our Stock Watchlist Update tonight, including a possible trade idea.
2. COP- Big buying in the Mar. 22 weekly $60 calls for up to $0.31 each. Over 22k contracts traded, against open interest of just 1,999 contracts.
3. CVC- Over 12k Apr. $14 puts were traded, with the largest block going for $0.30 each. Cablevision shares failed to close above $14.50, a level that the stock has struggled against.
4. CL- Nearly 16k puts traded vs an average of just 1,953 puts. This is likely protection buyers, as the stock tested the 50-day exponential moving average.
5. BAC- One long-term investor is betting on a near double in shares of Bank of America by January 2015. Over 28.8k Jan. 2015 $20 calls were bought for up to $0.46 each.

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