2013-10-07 Smart Money Report (BEN) (JCP)

Posted on October 7th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2013-10-07 Smart Money Report (BEN) (JCP)

Smart Money Report

  1. BEN- The Nov. $45/$50 put spread was put on 1,000 times for a $1.13 debit. Volume was above the open interest in both options. He/she is looking for a move down to $45 by November options expiration in Franklin Resources shares.
  2. JCP- The May 2014 $8/$13 call spread was put on 5k times for a $1.44 debit. Volume was above the open interest in both options.  He/she is looking for a move up to $13 by May 2014 options expiration in shares of J.C. Penney.
  3. WWW- 1,500 Oct. $55 puts were purchased for $0.70-$0.80 each, against open interest of 1,870 contracts. Wolverine World Wide will report Q3 earnings tomorrow morning before the bell.
  4. AAPL- Apple shares are up 1.73%, following an upgrade at Jefferies to a Buy rating this morning. The call to put ratio in the Oct. 11 weekly options is 1.87, led by activity in the $490, $495, and $500 calls.

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 (10-20+ big trades like these every day), earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription.

Our trading room (chat room) is now live! Premium members can now chat with me and the other traders throughout the day.

Comments are closed.

Wordpress SEO Plugin by SEOPressor