Unusual Options Activity

1. JRCC- Over 3,500 June $3 calls were bought for $0.15-$0.25 each, against open interest of 2,402 contracts.
2. WCRX- 2,500 July $19 calls were purchased for $1.89 each and at the same time 2,500 Oct. $16 puts were sold for $0.74 each, creating in a bull risk reversal. This trade was done for a $1.05 debit, while volume was below the open interest in both options.
3. MYL- 2k July $34 calls were bought for $0.30 each, against open interest of 98 contracts.
4. DNR- 2,200 Sep. $20 calls were purchased for up to $0.85 each, against open interest of 24,393 contracts.
5. HLF- 4k Aug. $55 calls were bought for $1.05 each, against open interest of 5,520 contracts.
6. MU- 7,500 June $12 calls were purchased for $0.33-$0.39 each, against open interest of 13,541 contracts.
7. WFT- 4,500 June $15 calls were bought for up to $0.30 each and at the same time 3,900 June $13 puts were sold for $0.15-$0.16 each, creating a bull risk reversal.
8. ABFS- Over 3,300 June $13 calls were purchased for $0.40-$0.70 each, against open interest of 10,248 contracts.
9. CZR- 2,500 June $15 calls were sold for $1.30 each, against open interest of 856 contracts. This was likely done against a long stock position, creating a covered call.
10. XOM- Over 5k May 24 weekly $92.50 calls were bought for up to $0.30 each, against open interest of 68 contracts. We’re long these calls for $0.23 each. Check out our new trade idea post for more information.
11. WNR- 2,000 June $28 puts were purchased for $0.34 each, against open interest of 3,246 contracts.
12. ATLS- 2k Jan. 2014 $40 puts were bought for $1.70 each, against open interest of 94 contracts.
13. CAH- 3,300 Jan. 2014 $50 calls were purchased for $1.45-$1.50 each, against open interest of 505 contracts.
14. RIG- Nearly 10k May $57.50 calls were bought for up to $0.13 each, against open interest of 6,598 contracts.
15. LIFE- 20,000 Nov. $75 calls were purchased for $0.50-$0.65 each, against open interest of 163 contracts.
16. QCOM- Over 10k June $67.50 calls were bought for $0.58-$0.62 each, against open interest of 14,480 contracts.
17. IDIX- 2,000 July $5 calls were purchased for $0.15-$0.20 each, against open interest of 1,408 contracts.
18. SBGI- Nearly 2k June $30 calls were bought for $0.40-$0.85 each, against open interest of 697 contracts.
19. DFS- 4,000 Oct. $55 calls were purchased for $0.55 each, against open interest of 154 contracts.
20. TMUS- 2,500 Aug. $22 calls were bought for $0.49-$0.50 each, against open interest of 4 contracts.

Updates: We sold to close our (JWN) June $57.50/$60 put spread for $1.00, resulting in a gain of 43%.

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