Smart Money Report

1. BBBY- Bed Bath & Beyond will report Q1 earnings after the bell tonight. Analysts are looking for $0.93 in EPS and revenue of $2.60 billion. The options market is implying a $4.85 move, or 6.95%, in either direction through July options expiration. Put to call ratio in the July options is in the bears favor at 1.85.
2. KBH- Tomorrow morning KB Homes will report Q2 earnings. Analysts are looking for -$0.07 in EPS and revenue of $452 million. Options traders are pricing in a $2.50 move, or 12.77%, in either direction through July options expiration. The call to put ratio in the July options is heavily in favor of the bulls at 2.62.
3. CLWR- Over 7k July $5.50 calls were bought for $0.05 each, against open interest of 2,878 contracts. Clearwire shares are up 0.30% today.
4. RPRX- 6,000 July $15 puts were sold for $0.58 each, against open interest of 2,784 contracts. He/she is betting on Repros Therapeutics shares staying above the $15 level through July options expiration.
5. AAPL- Shares of Apple are set to close below the $400 level for the first time since April 22nd. The call to put ratio in the June 28 weekly options is 1.10, led by activity in the $400 puts.

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