2014-06-26 Smart Money Report (ASH) (COCO)

Posted on June 26th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-06-26 Smart Money Report (ASH) (COCO)

Smart Money Report

  1. ASH- A rollout from 12,050 July $105 calls (credit) into 19,000 Oct. $110 calls (debit). Volume was above the open interest in the Oct. $110 calls. The call to put ratio was 226:1. Call activity is 28x the average daily volume. Earnings are due out on 7/24. The uptrend on the daily and weekly charts remains intact. Ashland trades at a P/E ratio of 14.85x (2015 estimates), PEG ratio of 0.75x (2015 estimates), -2.1% revenue growth (-17.6% this year), P/S ratio of 1.08x, 1.27% dividend yield, and has an average analyst price target of $120.
  2. BCS- 2,500 Jan. 2016 $15 calls were bought for $1.50 each, against open interest of 4,525 contracts. New York Attorney General Eric Schneiderman sued British banking giant Barclays PLC for allegedly lying about how it favors high-frequency players in the firm’s stock-trading business.
  3. COCO- 2,425 July $1 puts were purchased for $0.70 each, against open interest of 12 contracts. Large open interest remains in the Aug. $1 puts from large buying a couple of months ago. Shares of Corinthian Colleges are down 83% year to date.
  4. FNF- Another 1,000 Jan. 2015 $36 calls were bought for $0.65 each, against open interest of 3,051 contracts. There were 3,000 bought earlier this week.
  5. YOKU- Sizable buying in the July $23, $25 and Aug. $24 calls this morning. Implied volatility rose 12.1% to 50.59. On 5/27, HSBC upgraded the stock to neutral with a $22 price target.

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