2014-04-03 Smart Money Report (FOXA) (MU)

Posted on April 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-04-03 Smart Money Report (FOXA) (MU)

Smart Money Report

  1. MU- Micron Technology is set to announce Q2 earnings after the bell tonight. Analysts are looking for $0.74 in EPS and revenue of $4.0 billion. Option traders are pricing in a $1.94 move, or 8.12%, in either direction through Friday’s close. The call to put ratio in (MU) options is currently 1.56, led by a rollout from 3,500 Apr 19 $25 calls (credit) into 2,000 May 17 $25 calls. The stock has closed lower after earnings on 3 out of the last 5 reports.
  2. AKAM- 3,405 May $52.50 puts ($1.62 credit) and $67.50 calls ($0.84 credit) were sold to help finance the purchase of 4,540 May $60 calls ($2.71 debit). Volume was above the open interest in all three options.
  3. FOXA- 4k May $34 calls were bought for $1.20 each, against open interest of 2,184 contracts. (FOXA) trades at a PEG ratio of 0.74x (2015 estimates), 12.3% and 7.7% revenue growth over the next two years, and has an average analyst price target of $40. The stock is nearing the $34.50 resistance level.
  4. GME- 1,400 Jan. 2015 $45 puts were purchased for $7.60 each, against open interest of 525 contracts. Net put premium was +$1.1M vs. net call premium of +$22K.
  5. HIMX- 2,500 May $13 calls were purchased for $0.75 each, against open interest of 1,003 contracts.
  6. THOR- A rollout from 1,683 July $27 calls (credit) into 1,683 Oct. $27 calls (debit). Volume was above the open interest in the Oct. $27 calls.

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