Smart Money Report

1. APOL- Apollo Group will report Q3 earnings after the bell tonight. Analysts are looking for $0.85 in EPS and revenue of $965 million. The options market is implying a $1.90 move, or 9.80%, in either direction. Call to put ratio in the June 28 weekly options is 1.36.
2. SWHC- Another big report after the bell will come from Smith & Wesson. Analysts are looking for $0.44 in EPS and revenue of $171 million. Option traders are pricing in a $0.95 move, or 9.62%, in either direction through July options expiration. The call to put ratio in the July options is heavily in the favor of the bull at 9.16.
3. JOSB- Over 2,800 Aug. $40 calls were bought for $2.70-$2.75 each, against open interest of 12 contracts. Shares of Jos. A. Bank Clothiers are up 4.25% today.
4. SIRI- 50k Jan. 2015 $2 puts were sold for $0.15-$0.16 each, against open interest of 29,286 contracts. He/she is betting on Sirius XM Radio shares to stay above the $2 level through January 2015 options expiration.
5. AAPL- Shares of Apple are under pressure for the 6th day in a row, down 0.32% this afternoon. The call to put ratio in the June 28 weekly options is 1.35, led by activity in the June 28 weekly $405 and $410 calls.

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