Smart Money Report

1. SOHU- Sohu.com will report Q2 earnings before the bell on Monday. Analysts are looking for $0.49 in EPS and revenue 0f $340 million. The options market is implying a $7.80 move, or 11.26%, in either direction through August options expiration. Call to put ratio in the August options is heavily in favor of the bulls at 6.17. (SOHU) has beat EPS estimates by at least $0.07 in the last three quarters.
2. WYNN- Another big earnings release on Monday will come from Wynn Resorts. Analysts are looking for $1.57 in EPS and revenue of $1.3 billion. Options traders are pricing in a $6.15 move, or 4.73%, in either direction.
3. HTZ- 5k Aug. $26 puts were bought for $0.80-$0.95 each, against open interest of 427 contracts. Hertz Global is set to announce Q2 earnings on Monday.
4. SPXS- 6,200 Sep. $11 calls were purchased for $0.20 each, against open interest of 14 contracts. The (SPXS) is an S&P 500 3x leveraged inverse ETF.
5. AAPL- Apple shares are up slightly in a weak tape, but continue to hover around the $440 level. Call to put ratio in the Aug. 2 weekly options is 1.42, led by activity in the $440 puts.

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