Smart Money Report

1. LGF- Lions Gate Entertainment will report Q1 earnings after the bell tonight. Analysts are looking for $0.44 in EPS and revenue of $753 million. The options market is implying a $2.40 move, or 8.44%, in either direction through June options expiration. Option volume is light, but the call to put ratio in the June options is 4.02.
2. PANW- Another big report tonight will come from Palo Alto Networks. Analysts are looking for $0.05 in EPS and revenue of $103 million. Options traders are pricing in a $5.60 move, or 10.25%, in either direction through June options expiration. The call to put ratio in the June options is currently at 2.82.
3. MTL- 2,400 Jan. 2014 $6 calls were bought for $0.24-$0.25 each, against open interest of 486 contracts. Mechel OAO shares are up 0.50% today.
4. QCOM- There was steady buying in the Oct. $75 calls throughout the morning, as over 3,700 were purchased for up to $0.54 each. The open interest was 2,922 contracts, so this was new activity. Shares of QUALCOMM are higher by 0.78%.
5. AAPL- Apple shares are set to close higher for the fifth out of the last six sessions, rising 1.66% this afternoon. Call to put ratio in the May 31 weekly options is 1.34, led by activity in the $445, $450, and $455 calls.

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