2014-06-30 Smart Money Report (AAPL) (BBRY)

Posted on June 30th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-06-30 Smart Money Report (AAPL) (BBRY)

Smart Money Report

  1. AAPL- Over 24,000 Sep. $105 calls have traded today with the majority being purchased for $0.80-$0.85 each, against open interest of 1,063 contracts. The call to put ratio is nearly 3:1. Implied volatility rose 8.8% to 21.93. Apple will report earnings on 7/23.
  2. BBRY- 10,000 Jan. 2015 $9 puts were sold for $0.91 each, against open interest of 1,446 contracts. BlackBerry has support at the $9 level on the daily chart with no major resistance until $10.85-$10.90.
  3. CNP- Sizable buying in the July $25 and $26 calls this morning. Call activity was over 3x the average daily volume. Implied volatility rose 18.9% to 28.44. The stock is breaking out above the $25.29 resistance level from 5/1. (CNP) trades at a P/E ratio of 20.60x (2015 estimates) with 6.9% EPS growth, 2.2% revenue growth, P/S ratio of 1.23x, 3.71% dividend yield, and has an average analyst price target of $26.
  4. MCK- The Aug. $185/$190 1×2 ratio call spread was put on 2,500 times for a $0.90 credit. Volume was above the open interest in both options. Earnings are due out on 7/24. This trade was likely done against an open long stock position to leverage the holding without adding more stock.
  5. NXST- 2,000 July $50 calls were sold for $2.70-$2.80 each, against open interest of 18,192 contracts. Shares of Nexstar Broadcasting Group are up over 18% from the Supreme Court ruling against Aereo last week.

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