Smart Money Report

1. BAC- Bank of America is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.18 in EPS and revenue of $22 billion. Options traders are pricing in a $0.50 move, or 3.48%, in either direction through Friday’s close. The call to put ratio in (BAC) options is 3.12.
2. PEP- Pepsico will also report earnings in the morning. Analysts are looking for $1.17 in EPS and revenue of $17 billion. The options market is implying a $2.10 move, or 2.59%, in either direction through Friday’s close. Call to put ratio in (PEP) options is currently 2.47.
3. FXI- The May 2014 $34.50/$42.50 bull risk reversal was put on 26,000 times for a $0.23 credit. Volume was above the open interest in both options.
4. GE- 25k Dec. $25 calls were bought for $0.41-$0.42 each, against open interest of 55,380 contracts. General Electric is set to announce Q3 earnings on Friday.
5. WMB- 10,000 Jan. 2014 $40 calls were purchased for $0.51 each, against open interest of 164,275 contracts. Shares of Williams Companies are down 0.98% today.
6. AAPL- Apple shares are up 0.91%, currently on pace for the first close above $500 since September 9th. The call to put ratio in (AAPL) options is 1.53, led by activity in the Oct. $500 and $505 calls.

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AAPL BAC FXI GE PEP Smart Money Report unusual options activity WMB