Smart Money Report

1. C- Citigroup will report Q2 earnings Monday morning before the bell. Analysts are looking for $1.17 in EPS and revenue of $19.7 billion. Options traders are pricing in a $1.90 move, or 3.75%, in either direction through next Friday. The call to put ratio in July options is currently 1.84.
2. A- 2,500 Nov. $48 calls were bought for $1.68 each, against open interest of 10,189 contracts. Check the open interest Monday morning for confirmation of new buying.
3. CHS- The Nov. $14/$17 put spread was put on 1,600 times for roughly a $1.05 debit. Volume was above the open interest in both options. Chicos FAS shares are down over 2% on the day.
4. KLAC- The Sep. $60/$65 call spread was put on 6,700 times for a $1.85 debit. Volume was above the open interest in both options. Shares of KLA-Tencor are on pace for it’s fourth straight day of gains.
5. AAPL- Apple shares are finding resistance near the former support level of $430 today, now down 0.62%. The call to put ratio in the July options is 1.26, led by activity in the $425 and $430 calls once again.

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