Smart Money Report

1. EWC- 4,100 Sep. $30 calls were bought for $0.25 each, against open interest of 4,484 contracts. Shares of the Canada Equity ETF are down 1.41% today.
2. DAL- 10k July $15 puts were purchased for $0.22-$0.25 each, against open interest of 91 contracts. Delta Airlines shares are near the flat line with the stock hovering around  the $18 level.
3. HOV- Over 5k June $7 calls were bought for up to $0.20 each, against open interest of 3,148 contracts. He/she is looking for a breakout above the March highs and a test of the late December/early January  highs.
4. ING- 10,000 Jan. 2014 $9 puts were sold for $0.85 each, against open interest of 20 contracts. Shares of ING are coming off of a four month high.
5. AAPL- Apple shares are losing steam this afternoon now at the lows of the day, but still higher by 0.30%. The call to put ratio in the June 7 weekly options is 1.77, led by activity in the $460 calls.

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