2014-03-24 Smart Money Report (CCL) (WAG)
Smart Money Report
- CCL- Carnival is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for -$0.08 in EPS and revenue of $3.5 billion. The options market is implying a $2.60 move, or 6.49%, in either direction through Apr. options expiration. Call to put ratio in the (CCL) options is currently 3.60, led by buying in the Apr. $41 calls. The stock has moved higher after earnings on two out of the last three reports.
- WAG- Another major earnings report due out tomorrow morning will come from Walgreen. Analysts are looking for $0.93 in EPS and revenue of $19.6 billion. Option traders are pricing in a $2.93 move, or 4.59%, in either direction through Friday’s close. The put to call ratio in (WAG) options is 1.43, led by a seller of 5k Jan. 2015 $70 calls for $3.35-$3.50. The stock has moved higher after earnings on three out of the last four reports.
- AVNR- A rollout from 7,000 Apr. $4 calls (credit) into 7,000 May $4 calls (debit). Volume was above the open interest in the May $4 calls.
- CRM- A rollout from 8,826 Mar. 28 weekly $57.50 puts (credit) into 8,826 Apr. 4 weekly $55 puts (debit). Volume was above the open interest in the Apr. 4 weekly $55 puts.
- NOW- Another 2,600 Apr. $60 puts were bought for $2.45 each, against open interest of 4,716 contracts. Earnings aren’t due out until 4/23.
- AAPL- Apple shares are breaking out above the resistance line from December, up 1.14% on rumors about deal talks with Comcast (CMCSA). The call to put ratio in (AAPL) options is 1.36, led by activity in the Mar. 28 weekly $540 and $545 calls.
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