Smart Money Report

1. CVX- Chevron is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $2.55 in EPS and revenue of $54.5 billion. The options market is implying a $2.00 move, or 1.60%, in either direction through Friday’s close. Call to put ratio in (CVX) options is currently 1.72, led by buying in June 21 $125 and July $130 calls. The stock has declined after earnings on the last three reports.
2. LNKD- LinkedIn will report Q1 earnings after the bell tonight. Analysts are looking for $0.34 in EPS and revenue of $467 million. Option traders are pricing in a $13.05 move, or 8.14%, in either direction through Friday’s close. The call to put ratio in (LNKD) options is currently 1.19, led by activity in the May 2 weekly $170 calls. The stock has declined after earnings on three out of the last four reports.
3. APA- 5,000 June 21 $85 puts were sold for $1.88 each, against open interest of 727 contracts. Earnings are due out on 5/8. Support at the middle Bollinger Band in APA is just above the $85 level.
4. BAC- 13k July $16 calls were purchased for $0.34 each, against open interest of 20,054 contracts.
5. LLY- 2,699 Oct. $57.50 calls were bought for $3.70 each, against open interest of 1,771 contracts.

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APA BAC CVX LLY LNKD Smart Money Report unusual options activity