Smart Money Report

1. SIMG- Over 5k May $5 calls were bought for up to $0.30 each, against open interest of 1,154 contracts. Silicon Image is set to announce Q1 earnings on Tuesday, April 30th.
2. FST- More than 4,500 May $5 calls were purchased for $0.15 each, against open interest of 2,223 contracts. Forest Oil is set to announce Q1 earnings on Monday, May 6th.
3. JDSU- 9,500 May $13 puts were purchased for $0.57-$0.62 each, against open interest of 4,030 contracts. JDS Uniphase is set to announce Q1 earnings on Wednesday, May 1st.
4. BAC- 38k Jan. 2014 $15 calls were bought for $0.30-$0.31 each, against open interest of 386,858 contracts. Check the open interest tomorrow morning for confirmation that this was new buying.
5. XOM- Exxon Mobil is will announce Q1 earnings tomorrow morning before the bell. Analysts are looking for $2.05 in EPS and revenue of $120 billion. The put to call ratio in the Apr. 26 weekly options is 1.25 ahead of the report.

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