Smart Money Report

1. GPS- The Gap will report Q3 earnings after the bell tonight. Analysts are looking for $0.71 in EPS and revenue of $4.0 billion. The options market is implying a $1.30 move, or 3.12%, in either direction through Friday’s close. Put to call ratio in (GPS) options is currently 1.46, led by a seller of 2,200 Mar. 2014 $38 puts for $1.17 each.
2. P- Another notable name to release quarterly results tonight will be Pandora Media. Analysts are looking for $0.06 in EPS and revenue of $175 million. Options traders are pricing in a $3.15 move, or 10.67%, in either direction through Friday’s close. The call to put ratio in (P) options is 1.28, led by a large bull call spread risk reversal in the Nov. 29 weekly options.
3. F- 24,895 Jan. 2014 $18 calls were bought for $0.29 each, against open interest of 109,584 contracts.
4. FDO- 2,643 Dec. $70 puts were sold for $2.30 each, against open interest of 1,342 contracts.
5. SPY- The S&P 500 SPDRs ETF is snapping a three day losing streak today, rising 0.59% today. The put to call ratio in (SPY) options is 2.02, led by activity in the Nov. 22 weekly $179 puts.

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F FDO GPS P Smart Money Report SPY unusual options activity