2014-09-03 Smart Money Report (C) (RSX)

Posted on September 3rd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-03 Smart Money Report (C) (RSX)

Smart Money Report

  1. C- 10,000 June 2015 $55 calls were bought for $2.82 each, against open interest of 649 contracts. The stock recently broke out above the resistance at the $50-$51 level that had been in place for most of the year (now has clear skies to the mid $50’s). Citigroup trades at a P/E ratio of 9.73x (2015 estimates) with 47.5% EPS growth (-17.1% this year), 3% revenue growth (0.3% this year), P/S ratio of 2.31x, P/B ratio of 0.78x, 0.08% dividend yield, and has an average average analyst price target of $57.82. On 7/15, Oppenheimer raised their price target to $68 from $67.
  2. EXAS- 3,000 Sep $24 calls were sold for $1.20-$1.25 each, against open interest of 3,576 contracts. This morning Goldman Sachs raised their price target on EXACT Sciences to $26 from $19.
  3. MCD- Another 4,000 Jan 2016 $100 calls were purchased for $3.20-$3.30 each, against open interest of 13,360 contracts. 8,000 were bought last week as well.
  4. PBPB- Over 3,000 Oct $14 calls were bought for $0.25-$0.35 each, against open interest of 129 contracts. The call to put ratio is 23:1. Call activity is 13x the average daily volume. Implied volatility rose 28.5% to 46.31.
  5. RSX- 10,000 Sep 20 $24 puts were sold for $0.28 each, against open interest of 16,675 contracts. The Russia equity ETF gapped higher by 5% this morning on ceasefire talks. This snapped a 5 day losing streak that puts current support now at the $23.50 level.

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