Smart Money Report

1. LEN- Lennar will report Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.33 in EPS and revenue of $1.30 billion. The options market is implying a $4.20 move, or 12.39%, in either direction through July options expiration. Call to put ratio in the July options is in favor of the bulls at 2.34.
2. WAG- Another big name to report tomorrow morning is Walgreens. Analysts are looking for $0.91 in EPS and revenue of $18.5 billion. Options traders are pricing in a $2.42 move, or 5.05%, in either direction. The call to put ratio in the June 28 weekly options is currently at 1.24.
3. NIHD- 3,000 Jan. 2014 $6 puts were sold to open for a $1.40 credit, against open interest of 953 contracts. He/she is betting on NII Holdings shares to be above the $6 though the January 2014 options expiration.
4. SGEN- The Sep. $20/$25 put spread was put on 3k times for a $1.15 debit and at the same time 3k Sep. $35 calls were sold for $1.20-$1.25, creating a bear put spread risk reversal. This trade was put on for a $0.05-$0.10 credit.
5. AAPL- Apple shares briefly dipped below the $400 level, currently down over 3% on the day. The call to put ratio in the June 28 weekly options is 1.22 on likely bottom fishers up to the $420 strike.

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