2014-05-29 Smart Money Report (LGF) (KMX)

Posted on May 29th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-05-29 Smart Money Report (LGF) (KMX)

Smart Money Report

  1. LGF- Lions Gate Entertainment will report Q4 earnings after the bell tonight. Analysts are looking for $0.40 in EPS and revenue of $824 million. Option traders are pricing in a $2.65 move, or 8.95%, in either direction through June options expiration. The call to put ratio in (LGF) options is currently 7:1, led by buying in the June $31 calls. The stock has moved higher after earnings on three out of the last four reports.
  2. CLF- A rollout from 7,000 Oct. $17 puts (credit) into 19,000 Jan. 2015 $12 puts (debit). Volume was above the open interest in the Jan $12 puts. There was a rollout from 3,414 Oct. $18 puts (credit) into 14,830 Jan. 2015 $13 puts (debit) yesterday.
  3. CTXS- More than 1,000 Sep. $70 calls were bought for $1.00-$1.05 each, against open interest of 1,449 contracts. There was big buying in the July $70 calls yesterday.
  4. KMX- 2,050 July $45 puts were purchased for $1.65 each, against open interest of 267 contracts. Earnings are due out on 6/20.
  5. SGMS- 2,501 Oct. $10 calls were bought for $1.05 each, against open interest of 2,609 contracts. Call activity is over 6x the average daily volume. Implied volatility rose 8.1% to 51.23. Another 500 were purchased for $1.03 each eleven minutes later.

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