Smart Money Report

1. GDXJ- More than 4k Aug. $10 calls were bought for up to $0.45 each, against open interest of 1,410 contracts. Shares of the Junior Gold Miners ETF are up over 9% today.
2. FTNT- Nearly 1,400 Aug. $18 calls were bought for $1.00-$1.10 each, against open interest of 156 contracts. Fortinet shares are down 19% year to date.
3. SAP- Over 2,400 July $72.50 puts were bought for $1.80-$2.10 each, against open interest of 1,317 contracts. SAP is a major partner with Accenture (ACN), which down double digits today. (ACN) lowered it’s FY revenue outlook last night.
4. TMUS- 4,400 July $27 calls were purchased for $0.29-$0.33 each, against open interest of 5,143 contracts. We’ve been highlighting other large upside call buyers in the past few weeks.
5. AAPL- Shares of are on pace for it’s first higher close than where it opened in 11 trading sessions, currently up 1.36%. The call to put ratio in the July 5 options is 1.57, led by activity in the $410 calls.

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