Smart Money Report

1. CIEN- 2k July $22 calls were purchased for $0.10-$0.12 each, against open interest of 256 contracts. Ciena shares are up 1.18% today.
2. KSS- 2,100 Aug. $52.50 calls were purchased for $1.75-$2.50 each, against open interest of 1,600 contracts. Shares of Kohl’s are trading just under the $53 resistance level..
3. TEF- 2k Sep. $15 calls were bought for $0.15 each, against open interest of 4,080 contracts. Telefonica shares are down nearly 15% from it’s 2013 highs.
4. WAG- 5,000 Jan. 2014 $47 calls were bought for $2.15 each, against open interest of 11,864 contracts. Walgreen shares are down over 13% last month’s highs.
5. GOOG- Google is now at the lows of the day, down almost 1%. A test of the 50-day EMA will likely come into play over the next week. Put to ratio in the July 5 weekly options is 1.12, led by activity in the $885 puts.
6. AAPL- Shares of Apple are well off of their highs today, but the stock is still up 1.38% nonetheless. The call to put ratio in the July 5 weekly options is 1.30, led by activity in the $420 calls.

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