2014-08-13 Smart Money Report (CLNY) (GNRC)

Posted on August 13th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-13 Smart Money Report (CLNY) (GNRC)

Smart Money Report

  1. CLNY- 2,000 Dec $22.50 calls were purchased for $0.50-$0.60 each, against open interest of 87 contracts. Typically trades 52 calls per day. The total call open interest is 2,354 contracts. Colony Financial trades at a P/E ratio of 11.63x (2015 estimates) with 20% EPS growth (6.2% this year), 37.3% revenue growth (61.6% this year), P/S ratio of 11.91x, P/B ratio of 0.96x, 6.66% dividend yield, and has an average analyst price target of $22.53. On 8/5, they reported Q2 EPS of $0.43 vs the $0.39 estimate.
  2. GFI- 5,000 Oct $4 puts were sold for $0.22 each, against open interest of 1,575 contracts. Earnings are due out on 8/21. Options activity in the gold miners has been bullish in recent weeks.
  3. GNRC- 9,337 Nov $52.50 calls were purchased for $1.35 each, against open interest of 121 contracts. This was tied to a sale of 240,000 Generac shares. The call to put ratio is 73:1. Call activity is 23x the average daily volume.
  4. MPC- 5,000 Sep 20 $90 calls were bought for $1.55 each, against open interest of 1,722 contracts. The call to put ratio is 42:1. Call activity is over 2x the average daily volume. Marathon Petroleum has major resistance at $90 (near-term resistance at $88).
  5. MSFT- 8,647 Nov $48 calls were purchased for $0.46 each, against open interest of 447 contracts. Not long after this trade there was a likely rollout from 6,000 Oct $42 calls (credit) into 12,000 Oct $45 calls (debit). Volume was below the open interest in both options.

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