Smart Money Report

1. GS- Goldman Sachs will report before the open tomorrow morning. Analysts are looking for $2.82 in EPS and revenue of $8 billion. Options traders are pricing in a $5.35 move, or 3.29%, in either direction. The call to put ratio in the July options is in favor of the bulls at 2.94.
2. KO- Another big Q2 earnings report in the morning will come from Coca Cola. Analysts are looking for $0.63 in EPS and revenue of $13 billion. The options market is implying a $0.95 move, or 2.32%, in either direction. Put to call ratio in the July options is 1.14.
3. EWJ- Roughly 28,000 Aug. $12 calls were bought for $0.27-$0.29 each, against open interest of 11,070 contracts. The Japan iShares ETF is up 15.6% since the June lows.
4. RSH- Someone rolled out 5k July $2.50 calls for $0.51 (credit) into 5k Aug. $3 calls for $0.40-$0.41 each (debit). Volume was above the open interest in the Aug. $3 calls. Shares of Radioshack are up over 8% in today’s session.
5. AAPL- Apple shares are higher by 0.67% today, looking to close above the $430 level for the first time in a month. The call to put ratio in the July options is 1.48, led by activity in the July $430 and $440 calls.

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