Smart Money Report

1. IBM- IBM is set to announce Q2 earnings after the bell tonight. Analysts are looking for $3.77 in EPS and revenue of $25.3 billion. The options market is implying a $8.20 move, or 4.23%, in either direction. Put to call ratio in the July options is in favor of the bears at 1.86.
2. INTC- Another large cap tech to report earnings tonight is Intel. Analysts are looking for $0.39 in EPS and revenue of $12.9 billion. Options traders are pricing in a $0.98 move, or 4.05%, in either direction. The put to call ratio in the July options is currently 1.10.
3. KWK- Over 3,500 Sep. $2 callls were bought for $0.15-$0.20 each, against open interest of 3,424 contracts. Quicksilver Resources shares are down 1.78% today.
4. VALE- More than 6,500 Dec. $20 calls were purchased for $0.10-$0.13 each, against open interest of 5,038 contracts. Shares of (VALE) are at one month highs, currently up 3% in today’s session.
5. AAPL- Apple shares are flat on the day, trading right at the $430 resistance level. The call to put ratio in the July options is 1.61, led by activity in the July $430 and $435 calls.

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