2014-07-23 Smart Money Report (GILD) (INO)

Posted on July 23rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-07-23 Smart Money Report (GILD) (INO)

Smart Money Report

  1. FB- Facebook will release Q2 earnings after the bell tonight. Analysts are looking for $0.32 in EPS and revenue of $2.8B. The options market is implying a $4.96 move, or 7.01%, in either direction through Friday’s close. The call to put ratio is currently 1.43, led by activity in the Sep $80 calls. The stock has moved higher after earnings on 4 out of the last 5 reports (5 out of the last 7 too). The whisper number for tonight is $0.36 in EPS vs the $0.32 consensus Wall Street estimate, according to EarningsWhispers.com.
  2. APC- 10,000 Jan 2016 $160 calls were bought for $1.72 each, against open interest of 11,092 contracts. 10,000 were bought yesterday. There was also sizable buying in the Nov $135 calls today.
  3. ATML- More than 7,000 Aug $9 calls were bought for $0.50 each, against open interest of 4,836 contracts. The call to put ratio is 19:1. Call activity is 4x the average daily volume. Net call premium is +$325K vs bet put premium of +$8K. Implied volatility rose 13.8% to 54.32. Earnings are due out on 8/6. The stock has been able to find support on tests of the 50-day EMA this month, but continues to print lower highs. (ATML) trades at a P/E ratio of 14.50x (2015 estimates) with 40.9% EPS growth (63% this year), 8.7% revenue growth (5.5% this year), P/S ratio of 2.77x, P/B ratio of 4.27x, and has an average analyst price target of $10.
  4. GILD- The Aug 16 $87.50/$91/$95 bull call spread risk reversal was put on 3,000 times for a $0.31 credit. Volume was above the open interest in the Aug 16 $91 calls. Earnings are due out tonight. The stock has moved higher after earnings on 6 out of the last 7 reports.
  5. INO- 5,000 Aug $13 puts were bought for $2.25-$2.35 each, against open interest of 80 contracts. They had Phase 2 data for Cervical dysplasia released this morning.

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