2014-06-06 Smart Money Report (MTW) (NS)

Posted on June 6th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-06-06 Smart Money Report (MTW) (NS)

Smart Money Report

  1. CBS- 4,000 June 13 weekly $61 calls were purchased for $1.00-$1.05 each, against open interest of 299 contracts. CBS has been the target of large call buying in July, Sep, and Jan. 2015 expirations. My commentary on CBS for TraderPlanet recently http://www.traderplanet.com/commentaries/view/166505-cbs-10-upside-into-the-summer/
  2. MTW- Large buying in the Jan. 2015 $30 calls and selling in the Jan. 2015 $27 puts. Volume was above the open interest in the Jan. 2015 $27 puts. There was a buyer of 5,000 Sep. $27/$30 call spreads yesterday.
  3. NS- A rollout from 1,569 June $55 calls (credit) into 2,500 Dec. $65 calls (debit). Volume was above the open interest in the Dec $65 calls.  The stock trades at a P/E ratio of 24.41x (2015 estimates), PEG ratio of 0.88x (2015 estimates), 4.7% revenue growth, 7.08% dividend yield, and has an average analyst price target of $59. On 4/4, J.P. Morgan Chase maintained an overweight rating with a $68 price target. A better entry would be on a pullback to the middle Bollinger Band.
  4. RIO- Another 10,000 Oct. $45 puts were purchased for $1.10 each, against open interest of 20,833 contracts. There was big buying in these in late April.
  5. TRV- 5,000 Jan. 2016 $100 calls were purchased for $4.90-$5.30 each, against open interest of 64 contracts. Insurance names have saw big call buying recently including (PL) and (MET).

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