Smart Money Report

1. BAC- Bank of America will report Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.25 in EPS and revenue of $22.8 billion. Options traders are pricing in a $0.51 move, or 3.69%, in either direction. The call to put ratio in the July options is in favor of the bulls at 4.65.
2. YHOO- Tonight’s biggest earnings report will come from Yahoo. Analysts are looking for $0.30 in EPS and revenue of $1.1 billion. The options market is implying a $1.25 move, or 4.67%, in either direction. Call to put ratio in the July options is currently 1.07.
3. DV- 2,500 Aug. $35 puts were bought for $3.20-$3.33 each, against open interest of 825 contracts. Devry shares are down 1.89% today.
4. LCC- The Jan. 2014 $20/$25 call spread was put on 10k times for a $0.80 debit. Volume was below the open interest in both options, so check the OI in both options tomorrow for confirmation of new buying.
5. AAPL- Apple shares are still range bound between $425-$430 for the third day in a row. The call to put ratio in the July options is 1.47, led by activity in the July $430 calls once again.

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