2014-08-15 Smart Money Report (CF) (NGD)

Posted on August 15th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-15 Smart Money Report (CF) (NGD)

Smart Money Report

  1. AMAT- Roughly 7,000 Oct $22 calls were bought for $1.26 each, against open interest of 43,650 contracts. Last night, they reported Q3 EPS of $0.28 vs the $0.27 estimate and revenue of $2.27B vs the $2.29B estimate. Gross margins rose 2.6% to 45.5% year over year. They expect Q4 EPS of $0.25-$0.29 vs the $0.27 estimate.
  2. CF- A rollout from 6,000 Jan 2015 $290 calls (credit) into 6,000 Jan 2016 $300 calls (debit). Volume was above the open interest in the Jan 2016 $300 calls. CF Industries raised their quarterly dividend 50% to $1.50 per share and authorized an additional $1B billion buyback through Dec 31st, 2016.
  3. EJ- 4,938 Jan 2015 $10 puts were sold for $0.90 each, against open interest of 206 contracts. The uptrend from June remains intact (buying opportunities have been on pullbacks to the middle Bollinger Band).
  4. NGD- 9,000 Jan 2016 $10 calls were bought for $0.55 each, against open interest of 5,462 contracts. Shares of New Gold continue to struggle with resistance in the $6.50-$6.75 level.
  5. ORCL- 13,000 Sep 26 weekly $39 puts were sold for $0.53 each, against open interest of 685 contracts. Oracle shares have held twice this month on a test of $39.50.

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