2014-07-18 Smart Money Report (HD) (TTS)

Posted on July 18th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-07-18 Smart Money Report (HD) (TTS)

Smart Money Report

  1. CIEN- 2,500 Jan 2015 $20 puts were sold for $2.21 each, against open interest of 3,648 contracts. 1,000 were sold for $2.07-$2.08 on 7/10. Since soaring higher on 6/5 following a better than expected Q2 earnings report, Ciena shares have been filling the gap.
  2. HD- A rollout from 7,699 July 25 weekly $78 puts (debit) into 7,699 Aug 29 weekly $78 puts (credit). Volume was above the open interest in the Aug 29 weekly puts. Home Depot shares printed a bullish hammer at $78 earlier this month (also around the 200-day SMA).
  3. KO- 8,921 Aug 16 $42 calls were purchased for $0.85 each, against open interest of 31,687 contracts. Earnings are due out on 7/22. On 7/16, Nomura maintained a buy rating on Coca-Cola, but raised their price target to $54 from $53.50.
  4. TTS- Another 1,250 Feb 2015 $12.50 calls were bought for $1.35 each, against open interest of 4,167 contracts. There was large buying in these yesterday. Tile Shop shares are down 65% from the 2013 highs.
  5. TWX- The Jan 2015 $77.50/$85/$95 bull risk reversal was put on 2,500 times for a $1.60 debit. Volume was below the open interest in both options. Time Warner recently rejected a takeover offer from Twenty First Century Fox.

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