2014-08-25 Smart Money Report (BKW) (VVUS)

Posted on August 25th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-08-25 Smart Money Report (BKW) (VVUS)

Smart Money Report

  1. BKW- Over 3,000 Jan 2015 $33 calls were bought for $1.40-$1.50 each, against open interest of 1 contract. Burger King Worldwide is in talks to buy Tim Horton (both stocks are up 20%+ today). Implied volatility rose 143.1% to 40.62.
  2. EXAS- 2,000 Sep $22 calls were bought for $1.20-$1.30 each, against open interest of 1,786 contracts. Open interest was 20 contracts on 8/20. On 8/12, EXACT Sciences announced the FDA has approved Cologuard, the companies non-invasive, stool DNA colorectal cancer screening test. Today, the Mayo Clinic became the 1st healthcare system to offer Cologuard.
  3. MDLZ- Another 4,876 Oct $35 puts were bought for $0.34-$0.35 each, against open interest of 13,037 contracts. Nearly 12,000 were bought on Friday.
  4. P- 3,000 Jan 2015 $33 calls were bought for $1.93 each, against open interest of 184 contracts. On 8/13, Stifel Nicolaus initiated the stock with a buy rating and a $34 price target. This morning MKM Partners maintained their buy rating and $35 price target, but did highlight slowly user growth as a potential negative.
  5. VVUS- 1,939 Oct $5 calls were purchased for $0.15 each, against open interest of 1,456 contracts. 9/20 supplemental filing date for Auxilium Pharmaceuticals and VIVUS

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