2013-09-19 Smart Money Report (DRI) (SPY)
Smart Money Report
- DRI- Darden Restaurants will report Q1 earnings before the bell tomorrow morning. Analysts are looking for $0.71 in EPS and revenue of $2.2 billion. Options traders are pricing in a $2.00 move, or 4.08%, in either direction through tomorrow. The call to put ratio in the September options is in favor of the bulls at 2.53.
- SCHW- Over 7,300 Sep. 21 puts have traded today with the majority purchased in the $0.15-$0.20 range, against open interest of 3,929 contracts. Charles Schwab shares are down 1.22% today.
- SPY- Over 8k Oct. 11 weekly $176 calls were purchased for $0.61-$0.63 each, against open interest of 410 contracts. Shares of the S&P 500 SPDRs (SPY) ETF are lower by 0.19% this afternoon.
- AAPL- Apple shares are up 1.92% today, rising for the third session in a row. The call to put ratio in the September options is currently 1.42, led by activity in the $475 calls.
No Fed Taper: Is It Time To Buy Gold?
My commentary on gold for TraderPlanet today: http://www.traderplanet.com/commentaries/view/164947-no-fed-taper-is-it-time-to-buy-gold-gld/
Free offer: Sign up for a free account and have the “Free Trade of the Day’ and the “Smart Money Report” delivered straight to your inbox daily.
Premium Subscription: Join now to gain access to the all of the stock watchlist updates, unusual options activity reports (10-20+ big trades like these every day), earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription.
Check out all of the membership options here—–> https://optionsriskmanagement.com/register/
If you would like to know more about premium content or have any trading questions, email me at Mitchell@OptionsRiskManagement.com .
