Smart Money Report

1. YUM- Yum Brands is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.57 in EPS and revenue of $3 billion. While the options market is implying a $3.26 move, or 5.14%, in either direction. The put to call ratio is 5.07, as many traders are buying the Apr. 26 weekly $60 puts ahead of the announcement.
2. T- AT&T will also report earnings after the bell, as analysts are expecting $0.64 in EPS and revenue of $31.7 billion. The Apr. 26 weekly $39 straddle is implying a $0.85 move, or 2.18%, in either direction. Currently the call to put ratio in the Apr. 26 weekly options is 2.03.
3. EWJ- 25k Sep. $12 calls were bought for $0.30 each, against open interest of 94,148 contracts. There was similar buying yesterday in these calls.
4. SRPT- 2,500 Aug. $37 calls were purchased for $4.70-$4.90 each, against open interest of 101 contracts. Sarepta Therapeutics shares are down 4.00% today.
5. AAPL- The highlight of tonight’s earnings reports will be Apple. Analysts are looking for $10.07 in EPS and revenue of $42.5 billion. The Apr. 26 weekly 26 weekly $405 straddle is implying a $29.90 move, or 7.38%, in either direction. The call to put to ratio is 1.34 in the Apr. 26 weekly options.

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