Smart Money Report

1. JPM- J.P. Morgan will report Q2 earnings tomorrow morning before the bell. Analysts are looking for $1.43 in EPS and revenue of $24.8 billion. Options traders are pricing in a $1.31 move, or 2.40%, in either direction. The call to put ratio in the July 12 weekly options is 1.14.
2. WFC- Wells Fargo is another big bank that will report Q2 earnings in the morning. Analysts are looking for $0.92 in EPS and revenue of $21.2 billion. The options market is pricing in a $1.19 move, or 2.87%, in either direction. Put to call ratio in the July 12 weekly options is currently 1.48.
3. BBRY- 10k Dec. $20 calls were bought for $0.11-$0.15 each, against open interest of 22,058 contracts. Check the open interest in the morning for confirmation of new buying. BlackBerry shares are just a few percent off of the lows for 2013.
4. CFX- 2,500 Dec. $60 calls were purchased for $1.25 each, against open interest of 2,679 contracts. Also, check the open interest in the morning for confirmation of new buying. Shares of Colfax have been trending higher, but are slightly in today’s session.
5. AAPL- Apple shares are up over 1%, keeping pace with the broader market today. The call to put ratio in the July 12 weekly options is 1.35, led by activity in the $425 and $430 calls.

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