2014-05-07 Smart Money Report (M) (TSLA)

Posted on May 7th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-05-07 Smart Money Report (M) (TSLA)

Smart Money Report

  1. TSLA- Tesla Motors is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.12 in EPS and revenue of $700 million. Option traders are pricing in a $20.60 move, or 10.25%, in either direction through Friday’s close. The call to put ratio in (TSLA) options is currently 1.02, led by a seller of 1,150 June 21 $200 puts for $16.10 each (this trade was tied to a 50k share sale at $202.06). The stock has moved higher after earnings on three out of the last four reports.
  2. AMAT- Another 13k Jan. 2015 $22 calls were purchased for $0.78 each, against open interest of 97,181 contracts. Earnings are due out on 5/15. On 4/15, open interest was 56,091 in these calls.
  3. FB- 6,200 June 21 $55 puts were bought for $1.93 each, against open interest of 17,182 contracts. The next support level to watch for in Facebook shares is $55.
  4. LVS- Sizable buying in the June $80 and July $75 puts this morning. The put to call ratio is over 3:1. Net put premium is +$2M vs. net call premium of -$301K. (LVS) implied volatility rose 9% to 35.33.
  5. M- 3,000 Nov. $50 puts were sold for $2.04 each, against open interest of 232 contracts. Earnings are due out on 5/14. Macy’s trades at a P/E ratio of 10.94x (2015 estimates), PEG ratio of 0.88x (2015 estimates), P/S ratio of 0.72x, 2.7% revenue growth, and has an average analyst price target of $63. On 3/11, Wells Fargo upgraded the stock to outperform from market perform.

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