2013-09-18 Smart Money Report (ORCL) (SPY)

Posted on September 18th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Trade Ideas. Comments Off on 2013-09-18 Smart Money Report (ORCL) (SPY)

Smart Money Report

  1. ORCL- Oracle will report Q1 earnings after the bell tonight. Analysts are looking for $0.56 in EPS and revenue of $8.5 billion. Options traders are pricing in a $1.63 move, or 4.89%, in either direction through Friday. The put to call ratio in the September options is in favor of the bears at 1.63.
  2. GNK- 2,800 Oct. $3 puts were sold for $0.10 each, against open interest of 1,432 contracts. He/she thinks shares of Genco Shipping & Trading will stay above the $3 level through October options expiration.
  3. SPY- The options market is implying a $2.58 move, or 1.51%, in either direction through Friday. The S&P 500 iShares (SPY) ETF is slightly off of its all-time high hit on Monday, so we could be in store for a breakout above the $171 resistance level or possibly a pullback into the high $160’s.
  4. AAPL- Shares of Apple are up 1.44% today, continuing the bounce off of the 100-day simple moving average from yesterday. The call to put ratio in the Sep. options is 1.25, led by activity in the $465 and $470 calls.

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