2014-08-19 Smart Money Report (EXAS) (KNDI)

Posted on August 19th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-19 Smart Money Report (EXAS) (KNDI)

Smart Money Report

  1. BURL- The Sep $35 straddle was put on 3,000 times for a $3.35 credit. Volume was above the open interest in both options. Earnings  are due out on 9/9. The trader is betting on the stock staying around the $35 level through Sep options expiration. Breakevens are at $38.35 and $32.65. The stock has moved $2-$4 the day after reporting on the 3 reports as a public company.
  2. DKS- 3,000 Sep $46 calls were sold for $0.65 each, against open interest of 1,917 contracts. The stock has resistance in the $46-$47.50 range. They reported Q2 EPS of $0.67 vs the $0.66 estimate and revenue of $1.69B vs the $1.65B estimate this morning. They repurchased $100M in stock in the quarter. Sporting Goods comps were+4.1% while Golf Galaxy comps came in at -9.3%.
  3. EXAS- 2,000 Oct $17 puts were sold for $1.40 each, against open interest of 682 contracts. On 8/12, the FDA approved a DNA test to screen for colon cancer (Cologuard), which is made by EXACT Sciences.
  4. KNDI- Sizable buying in the Sep $20 and $25 calls today. Volume was above the open interest in both options. The call to put ratio was 25:1 in Kandi Technologies. Call activity was 4x the average daily volume. Implied volatility +20.3% to 95.72.
  5. TASR- 1,300 Dec $17 calls were purchased for $1.10 each, against open interest of 173 contracts. On 7/30, they reported in-line Q2 results. Last week they announced they sold 100 body-worm cameras to the Fresno Police Department (could be a driver if other police departments adopt this technology) On the daily chart, the stock recently broke out above the $14 resistance level.

Summer Sale: From now until Sunday, August 31st, annual memberships are only $225 (25% off of the regular $299.95 price). This is available for new and existing members. Check out our updated 2014 options performance page here (all stock trades are posted on the Weekend Market Updates).

1 On 1 Options Mentoring: Learn more about 1 on 1 options mentoring courses that help can you improve your trading odds and risk management skills.

Free Trial: If you would like to know more about premium content or you would like a free trial of our service, email me at Mitchell@OptionsRiskManagement.com .

Premium Membership: Join now to gain access to the all of the stock watchlist updates, unusual options activity reports, earnings trade ideas, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription. Join me and the other ORM traders in the chat room today!

Comments are closed.

Wordpress SEO Plugin by SEOPressor