Smart Money Report

1. CIEN- Ciena will report Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.24 in EPS and revenue of $568 million. The options market is implying a $2.70 move, or 11.97%, in either direction through December options expiration. Put to call ratio in (CIEN) options is currently 1.16.
2. LULU- Lululemon Athletica will also release Q3 earnings in the morning. Analysts are looking for $0.41 in EPS and revenue of $376 million. Options traders are pricing in a $5.00 move, or 7.28%, in either direction through Friday’s close. The put to call ratio in (LULU) options is 2.42.
3. USO- The Jan. 2015 $32/$36 strangle was put on 11k times for a $3.50 debit. Volume was above the open interest in both options.
4. YHOO- 15,000 Apr. 2014 $44 calls were purchased for $1.76 each, against open interest of 19,625 contracts.
5. AAPL- Apple shares continue to consolidate in the $560-$570 range, down 0.52% today. The call to put ratio in (AAPL) options is 1.64, led by activity in the Dec. 13 weekly $565, $570, and $575 calls.

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AAPL CIEN LULU Smart Money Report unusual options activity USO YHOO