Smart Money Report

1. CSCO- Cisco Systems will report Q4 earnings after the bell tonight. Analysts are looking for $0.51 in EPS and revenue of $12.4 billion. Options traders are pricing in a $1.68 move, or 6.43%, in either direction. The call to put ratio in the Aug. options is in favor of the bulls at 2.28.
2. NTAP- Another large tech name to report tonight is NetApp. Analysts are looking for $0.49 in EPS and revenue of $1.5 billion. The options market is implying a $1.98 move, or 4.69%, in either direction. Put to call ratio in the Aug. options is 1.09.
3. HOV- 2,400 Sep. $6 calls were bought for $0.15 each, against open interest of 2,200 contracts. Hovnanian Enterprises are near the lows of the day, but remain higher by 0.58%.
4. PPC- Over 7,500 Dec. $15 calls were purchased for $3.30-$4.80 each, against open interest of 455 contracts. Shares of Pilgrim Pride tested the $19 resistance level earlier today.
5. AAPL- Apple shares are up 2% today, following a brief move above the $500 level. The call to put ratio in the Aug. options is 1.61, led by activity in the $500 calls.

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