Smart Money Report

1. QIHU- Qihoo 360 Technology will report Q2 earnings before the bell Monday morning. Analysts are looking for $0.26 in EPS and revenue of $143 million. Options traders are pricing in a $8.75 move, or 11.93%, in either direction through next week. The put to call ratio in the Sep. options is currently 1.04.
2. BBD- 5k Jan. 2015 $10 puts were sold for $1.21 each, against open interest of 2,441 contracts. He/she will make money as long as Banco Bradesco shares are above $8.79 on Jan. 2015 options expiration.
3. PSX- Over 2,800 Jan. 2014 $70 calls were bought for $1.10 each, against open interest of 2,736 contracts. Shares of Phillip 66 are on pace for it’s fourth consecutive higher close.
4. AAPL- Apple shares are testing the $500 level once again, down 0.45% in today’s session. The call to put ratio in the Aug. 30 weekly options is 1.65, led by activity in the $510 calls.

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AAPL BBD PSX QIHU Smart Money Report unusual options activity