2014-08-01 Smart Money Report (TITN) (TROX)

Posted on August 1st, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-01 Smart Money Report (TITN) (TROX)

Smart Money Report

  1. GNC- The Dec $27.50/$35/$42.50 bull call spread risk reversal was put on 2,500 times for a $0.90 debit. Volume was above the open interest in all three options. Option activity is 4x the average daily volume.
  2. GPS- 3,205 Aug 8 weekly $39.50 puts were purchased for $0.65 each, against open interest of 230 contracts. Shares of Gap put in a lower high above $41 on Wednesday with support at $39. A break below there would signal for a move to $38.
  3. KING- Roughly 2,000 Aug $19 calls were purchased for $1.50 each, against open interest of 1,246 contracts. Earnings are due out on 8/12. The stock recently tested the $18.20 support level.
  4. TITN- Sizable buying in the Sep $12.50, $15 and Dec $15 puts this morning. Put activity is 26x the average daily volume. Titan Machinery is down for the 8th consecutive trading session (making a new low too).
  5. TROX- 14,000 Feb 2015 $26 calls were purchased for $2.95 each, against open interest of 16 contracts. This was tied to a sale of 800,000 shares. Earnings are due out on 8/6.

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