Smart Money Report

1. NKE- Nike is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.78 in EPS and revenue of $7.0 billion. Options traders are pricing in a $3.45 move, or 4.94%, in either direction through Friday. The put to call ratio in the Sep. 27 weekly options is slightly in favor of the bears at 1.02.
2. SPY- 11,000 Sep. 30 Quarterly $171 calls were purchased for $0.22-$0.23 each this morning, against open interest of 38,734 contracts. Check the open interest in the morning for confirmation of new activity.
3. VALE- More than 6,700 Jan. 2014 $15 puts were sold for $0.73-$0.75 each, against open interest of 37,307 contracts. If this is new selling, he/she is expecting shares of Vale to stay above the $15 level through January 2014 options expiration.
4. AAPL- Apple shares are up 0.59% today, but remain near the lows of the day. The call to put ratio in the Sep. 27 weekly options is 1.53, led by activity in the $485 and $490 calls.

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AAPL NKE Smart Money Report SPY unusual options activity VALE