Smart Money Report

1. COST- Costco Wholesale will report Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.03 in EPS and revenue of $25.4 billion. The options market is implying a $3.11 move, or 2.58%, in either direction through Friday’s close. Call to put ratio in (COST) options is currently 1.13.
2. JOY- Joy Global will also be releasing earnings tomorrow morning. Analysts are looking for $1.12 in EPS and revenue of $1.1 billion. Options trader are pricing in a $2.64 move, or 4.65%, in either direction through Friday’s close. The call to put ratio in (JOY) options is 1.50.
3. KGC- 8k May 2014 $6 calls were bought for $0.22 each, against open interest of 17,954 contracts.
4. SPLS- The Jan. 2015 $10/$20 bull risk reversal was put on 10k times for a $0.40 debit. Volume was above the open interest in both options.
5. SPY- The S&P 500 SPDRs ETF is pulling back by 0.22% today, following a fresh new all-time closing high yesterday. The put to call ratio in (SPY) options is 1.15, led by activity in the Dec. $177 puts.

Free Trial: If you would like to know more about premium content or you would like a free trial of our service, email me at Mitchell@OptionsRiskManagement.com .

Premium Subscription: Join now to gain access to the all of the stock watchlist updates, unusual options activity reports (20-40 big trades like these everyday), earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription. Join me and the other ORM traders in the chat room today!

Check out all of the membership options here.

COST JOY KGC Smart Money Report SPLS SPY unusual options activity