Smart Money Report

1. JPM- J.P. Morgan Chase is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.41 in EPS and revenue of $24.6 billion. The options market is implying $1.23 move, or 2.13%, in either direction through Friday’s close. Put to call ratio in (JPM) options is currently 1.13, led by a buyer of 2,500 Jan. 2015 $62.50 calls for $2.35 each.
2. WFC- Another large bank that will report in the morning is Wells Fargo. Analysts are looking for $0.96 in EPS and revenue of $20.6 billion. Option traders are pricing in a $0.97 move, or 2.01%, in either direction through Friday’s close. The put to call ratio in (WFC) options is currently 1.23, led by activity in the Apr. 19 $48 and $48.50 puts.
3. DXJ- The Aug. $40.38/$50.38 bull risk reversal was put on 4,400 times for a $0.07 credit. Volume was above the open interest in the Aug. $40.38 puts. They bought the Aug. $50.38 calls and sold the Aug. $40.38 puts to reduce the cost.
4. IACI- The July $55/$65 put spread was put on 2k times for a $2.50 debit. Volume was above the open interest in both options. Earnings are due out on 4/30.
5. QIHU- A rollout from 6,582 Dec. $150 calls (credit) into 6,582 Dec. $130 calls (debit). Volume was above the open interest in the $130 calls. The delta on his/her trade goes from 0.23 to 0.33.

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DXJ IACI JPM QIHU Smart Money Report unusual options activity WFC