Smart Money Report

1. CMCSA- Comcast will report Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.63 in EPS and $16.0 billion in revenue. The options market is pricing in a $1.84 move, or 4.28%, in either direction through August options expiration. Call to put ratio in the August options is currently 1.75.
2. SYMC- Symantec is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.36 in EPS and revenue of $1.6 billion. Options traders are pricing in a $1.85 move, or 7.60%, in either direction through August options expiration. The put to call ratio in the August options is heavily in favor of the bears at 2.20.
3. IBB- The Sep. $180/$190 put spread was put on 2,500 times for a $2.30 debit. Volume was below the open interest in both options, but yesterday we highlighted yet another buyer of 2,500 spreads. He/she is looking for a correction with the biotech ETF at an all-time high.
4. SAI- 2k Feb. 2014 $16 calls were bought for $0.65-$0.70 each, against open interest of 31 contracts. SAIC is set to announce Q2 earnings on Monday, August 5th.
5. AAPL- Apple shares traded right up to the $457 resistance level before pulling back, but remain higher by 1.32%. The call to put ratio in Aug. 2 weekly options is 1.32, led by activity in the $455 and $460 calls.

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