2014-08-14 Smart Money Report (A) (ALR)

Posted on August 14th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-14 Smart Money Report (A) (ALR)

Smart Money Report

  1. A- 4,300 Sep $55 calls were purchased for $1.82 each, against open interest of 1,023 contracts. This was tied to a sale of 430,000 shares. Agilent Technologies earnings are due out tonight. The stock has dropped after earnings on 4 out of the last 7 reports.
  2. ALR- A rollout from 2,250 Aug $40 puts (credit) into 2,700 Nov $38 puts (debit). Volume was above the open interest in the Nov $38 puts. Unlikely a hedge on Alere given how deep in-the-money the puts are.
  3. CLNY- Another 1,990 Dec $22.50 calls were purchased for $0.60 each, against open interest of 3,062 contracts. There was large buying in these yesterday.
  4. GES- The Jan 2016 $20/$30 bull risk reversal was put on 1,000 times for a $0.00 debit. Volume was below the open interest in both options. Earnings are due out on 8/27. The stock is so far holding above support at the $25 level.
  5. PBR- Over 30,000 Sep 20 $18 calls were bought for $0.30-$0.32 each, against open interest of 33,743 contracts. There was big buying in the Nov $18 calls yesterday.

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