2013-10-03 Smart Money Report (QQQ) (UNP)

Posted on October 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2013-10-03 Smart Money Report (QQQ) (UNP)

 Smart Money Report

  1. QQQ- 7k Dec. $77 puts were bought for $1.64-$1.65 each, against open interest of 12,086 contracts. Check the open interest in the morning for confirmation of new buying.
  2. UNP- 4,300 Nov. $150 puts were sold for $2.40 each, against open interest of 2582 contracts. He/she thinks shares of Union Pacific will stay above the $150 level through November options expiration.
  3. UUP- Over 16k Nov. $20 puts were bought for $0.02 each, against no previous open interest. The U.S. Dollar Index ETF is on pace for its fifth consecutive decline, currently hovering around a two year low.
  4. AAPL- Shares of Apple are failing at the $490 resistance, down 1.27% today. The call to put ratio in the Oct. 4 Weekly options is 1.73, led by activity in the $485, $490, and $495 calls.

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