2013-09-25 Smart Money Report (BBBY) (M)
Smart Money Report
- BBBY- Bed Bath & Beyond will report Q2 earnings after the bell tonight. Analysts are looking for $1.15 in EPS and revenue of $2.8 billion. Options traders are pricing in a $5.42 move, or 7.23%, in either direction through October options expiration. The put to call ratio in the Oct. options is in favor of the bears at 2.80.
- M- The Nov. $43/$46 bull risk reversal was put on 5k times for a $0.95 credit. Volume was below the open interest in both options. He/she needs shares of Macy’s at $43.95 or higher by November options expiration or losses will occur.
- XLF- 30k Nov. $19 puts were bought for $0.21 each, against open interest of 43,463 contracts. Check the open interest in the morning for confirmation of new buying.
- AAPL- Apple shares are down 0.92% today, on pace for its second day on declines. The call to put ratio in the Sep. 27 weekly options is 1.53, led by activity in the $485 calls.
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