Smart Money Report

1. NFLX- Netflix will report Q2 earnings after the bell tonight. Analysts are looking for $0.40 in EPS and revenue of $1.1 billion. Options traders are pricing in a $35.20 move, or 13.36%, in either direction. The call to put ratio in the July 26 weekly options is 1.24.
2. VLO- Valero Energy will report Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.92 in EPS and revenue of $30.2 billion. The options market is implying a $1.54 move, or 4.42%, in either direction. Put to call ratio in the July 26 weekly options is currently 1.06.
3. LO- 4k Aug. $42.50 puts were purchased for $0.52-$0.60 each, against open interest of 2,613 contracts. Lorillard is set to announce Q2 earnings on Thursday.
4. SUNE- Over 4,700 Oct. $11 calls were bought for $0.89-$0.91 each, against open interest of 1,677 contracts. SunEdison shares are trading right up against the $10 resistance level.
5. AAPL- Shares of Apple are near the lows of the day, but remain higher by 0.29%. The call to put ratio in the July 26 weekly options is 1.47, led by activity in the $460 calls.

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