Smart Money Report

1. KBH- KB Home is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.21 in EPS and revenue of $569 million. Options traders are pricing in a $2.11 move, or 12.38%, in either direction through October options expiration. The call to put ratio in the Oct. options is in favor of the bulls at 2.34.
2. LEN- Another homebuilder to report in the morning is Lennar. Analysts are looking for $0.45 in EPS and revenue of $1.6 billion. The options market is implying a $3.13 move, or 9.13%, in either direction through October options expiration. Put to call to ratio in the Oct. options is roughly flat at 1.01.
3. MS- Over 11k Sep. 27 weekly $27.50 puts have traded today with the majority being bought on the offer, against open interest of 37 contracts. Shares of Morgan Stanley are down by 2.59%, on pace for its third consecutive lower close.
4. AAPL- Apple shares are up 3.61%, following the announcement of 9 million iPhone 5C and iPhone 5S’s sold over the weekend. The call to put ratio in the Sep. 27 weekly options is currently 1.76, led by activity in the $490, $495, and $500 calls.

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AAPL KBH LEN MS Smart Money Report unusual options activity