Smart Money Report

1. ANF- Abercrombie & Fitch will report Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.29 in EPS and revenue of $1.0 billion. The options market is implying a $4.55 move, or 9.74%, in either direction. Call to put ratio in the Aug. 23 weekly options is currently 1.29.
2. HPQ- One of tonight’s biggest earnings reports will come from Hewlett-Packard. Analysts are looking for $0.87 in EPS and revenue of $27.3 billion. Options traders are pricing in a $2.26 move, or 8.88%, in either direction. The put to call ratio in the Aug. 23 weekly options is in favor of the bears at 1.33.
3. AVP- Someone rolled out 5k Oct. $21 puts (credit) into 7,500 Jan. 2014 $20 puts (debit). Volume was above the open interest in the Jan. 2014 $20 puts. Avon Products shares are coming in for a test of the June lows.
4. MSFT- Option order flow remains bullish in the Sep. options, led by large buying in the Sep. $32-$35 calls this morning. Shares of Microsoft are up 0.85% today.
5. AAPL- Apple shares are up on the day, but are well off of the highs near $507. The call to put ratio in the Aug. 23 weekly options is 1.33, led by activity in the $505 and $510 calls.

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AAPL ANF AVP HPQ MSFT Smart Money Report unusual options activity