Smart Money Report

1. AA- Alcoa is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.05 in EPS and revenue of $5.6 billion. Option traders are pricing in a $0.65 move, or 5.18%, in either direction through Friday’s close. The put to call ratio in (AA) options is currently 1.01, led by a seller of 1,000 Sep. $13 straddles for a $2.20 credit and a buyer of 1,000 Apr. 11 weekly $13 calls for $0.20 each. The stock has dropped on five out of the last seven earnings reports.
2. AER- A rollout from 1,760 Apr. $35 calls (credit) into 1,760 May $40 calls (debit). Volume was above the open interest in the May $40 calls. Earnings are due out on 5/7.
3. IMAX- 4,282 Apr. $28 calls were purchased for $0.35 each, against open interest of 661 contracts. This was tied to a sale of 200k shares for $27.35. Earnings are due out on 4/28.
4. NFLX- Netflix shares are down over 24% from the March highs of $458.00. However, the stock is finding support at the 200-day SMA, up 2.64% today. The call to put ratio in (NFLX) options is currently 1.18, led by buying in the Apr. 11 weekly $350 calls.
5. XLV- 10,245 May $56 puts were bought for $0.78 each, against open interest of 896 contracts. The (XLV) has broken through support at the 50-day EMA, but is seeing some buyers just above the 100-day SMA.

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AA AER IMAX NFLX Smart Money Report unusual options activity XLV