2013-09-24 Smart Money Report (AAPL) (AZO)
Smart Money Report
- AZO- AutoZone is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $10.37 in EPS and revenue of $3.1 billion. Options traders are pricing in a $21.65 move, or 5.25%, in either direction through October options expiration. The put to call ratio is in favor of the bears at 1.11.
- INTC- Roughly 20k Oct. $25 calls were bought this morning for $0.13-$0.15 each, against open interest of 86,250 contracts. Check the open interest in the morning for confirmation of new buying.
- NWSA- 1,500 Nov. $17 calls were purchased for $0.65-$0.7o each, against open interest of 6 contracts. Shares of News Corp are up 2.84% on the day.
- AAPL- Apple shares have since given back gains from this morning and are now down by 0.19%. The call to put ratio in the Sep. 27 weekly options is 1.38, led by activity in the $495 and $500 calls.
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 .