2014-08-07 Smart Money Report (CSCO) (NEE)

Posted on August 7th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-07 Smart Money Report (CSCO) (NEE)

Smart Money Report

  1. C- 6,000 Oct $44 puts were sold for $0.50 each, against open interest of 2,330 contracts. Shares of Citigroup haven’t been below $44 since April of 2013. On 7/15, Oppenheimer raised their price target to $68 from $67. They trade at a P/E ratio of 9.01x (2015 estimates) with 47.3% EPS growth (-17.1% this year), 3% revenue growth (0.4% this year), P/S ratio of 2.14x, P/B ratio of 0.72x, 0.08% dividend yield, and has an average analyst price target of $57.
  2. CSCO- 10,000 Oct $26 calls were bought for $0.57-$0.58 each, against open interest of 54,271 contracts. Cisco Systems Q4 earnings are due out on 8/13. Large buying in these calls on 8/1 and 8/5. Open interest was 26,177 contracts on 8/1.
  3. HZNP- 2,000 Sep $10 calls were bought for $1.05 each, against open interest of 94 contracts. They beat Q2 EPS, revenue estimates this morning and raised the FY15 outlook. The call to put ratio is 16:1. Call activity is 11x the average daily volume.
  4. NEE- 2,000 Dec $97.50 calls were purchased for $1.95-$2.15 each, against open interest of 102 contracts. Shares of NextEra Energy recently broke through the $97 support level, but are currently holding above the 200-day SMA.
  5. QCOM- 20,000 Jan 2015 $65 puts were purchased for $1.49-$1.53 each, against open interest of 34,321 contracts. The stock in the last two weeks has broke through support at the middle Bollinger Band on the weekly chart and the 40-week SMA.

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