Smart Money Report

1. AEO- American Eagle Outfitters will report Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.19 in EPS and revenue of $846 million. The options market is implying a $1.45 move, or 8.92%, in either direction through December options expiration. Call to put ratio in (AEO) options is currently 3.55, led by large selling this morning in the Dec. $16 calls for $0.70-$0.75.
2. PSUN- Pacific Sunwear of California is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for -$0.05 in EPS and revenue of $205 million. Option traders are pricing in a $0.60 move, or 23.44%, in either direction through December options expiration. The put to call ratio in (PSUN) options is 8.54, led by sizable buying in the Dec. $2.50 puts for up $0.20-$0.25.
3. DHI- 6,700 Jan. 2015 $20 calls were bought for $2.70 each, against open interest of 5,576 contracts.
4. SEE- The Apr. $28/$35 bull risk reversal was put on 7,250 times for a $0.15 debit. Volume was above the open interest in both options.
5. AAPL– Apple shares are up 0.85% today, following news of a China Mobile (CHL) iPhone deal. The call to put ratio in (AAPL) options is higher than average at 2.15, led by activity in the Dec. 6 weekly $570, $575, and $580 calls.

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AAPL AEO DHI PSUN SEE Smart Money Report unusual options activity