2014-07-11 Smart Money Report (BBG) (GSAT)

Posted on July 11th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-07-11 Smart Money Report (BBG) (GSAT)

 Smart Money Report

  1. BBG- 4,000 Aug. $25 puts were bought for $0.95 each, against open interest of 62 contracts. Earnings are due out on 7/31. Typically trades 218 put per day. Prior to this trade total put open interest in Bill Barrett was 7,008 contracts vs. total call open interest of 3,055 contracts.
  2. GSAT- 5,000 Oct. $2.50 puts were sold for $0.30 each, against open interest of 216 contracts. Typically trades 83 puts per day. The uptrend on the daily an weekly charts remains intact. Globalstar is expected to narrow EPS losses from -$0.38 this year to -$0.14 in 2015. Revenue is expected to grow 20.1% next year. On 2/3, Chardan Capital reiterated a buy rating with a $6 price target.
  3. INVN- 2,500 Aug. $27 calls were purchased for $0.80 each, against open interest of 129 contracts. Earnings are due out on 7/29. The call to put ratio was 7:1. Call activity was nearly 2x the average daily volume. There was large buying in the Aug. 1 weekly $23 calls on 7/9. Shares of InvenSense are closing to testing the $24 resistance level from March. The stock trades at a P/E ratio of 24.38x (2015 estimates), PEG ratio of 0.67x (2015 estimates), 21.4% revenue growth, and has an average analyst price target of $24. On 6/23, Pacific Crest maintained an outperform rating, but raised their price target to $26 from $22.
  4. MSFT- A rollout from 22,407 Jan. 2016 $40 calls (credit) into 38,800 Jan. 2016 $45 calls (debit). Volume was above the open interest in the Jan. 2016 $45 calls. We remain long the Aug. 16 $39/$43 call spreads. My article from 5/8 on Microsoft for TraderPlanet.
  5. PETM- 2,000 July $70 puts were sold for $1.00 each, against open interest of 491 contracts. From 7/8, Credit Suisse on PetSmart: Strategic sale could fetch $80 per share. Two large investors are pushing for a sale of the company. The stock is no pace to close above the $70 level on a weekly basis for the first time since the last week of December.

Summer Sale: From now until the end of August, annual memberships are only $225 (25% off of the regular $299.95 price). This is available for new and existing members. Check out our updated 2014 options performance page here (all stock trades are posted on the Weekend Market Updates).

1 On 1 Options Mentoring: Learn more about 1 on 1 options mentoring courses that help can you improve your trading odds and risk management skills.

Free Trial: If you would like to know more about premium content or you would like a free trial of our service, email me at Mitchell@OptionsRiskManagement.com .

Premium Membership: Join now to gain access to the all of the stock watchlist updates, unusual options activity reports, earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription. Join me and the other ORM traders in the chat room today!

Comments are closed.

Wordpress SEO Plugin by SEOPressor