2014-09-08 Smart Money Report (DE) (RAX)

Posted on September 8th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-08 Smart Money Report (DE) (RAX)

Smart Money Report

  1. AAPL- The Apr 2015 $117.14/$127.14 1×2 ratio call spread was put on 8,500 times for a $0.20 debit. Volume was above the open interest in both options. They bought 8,500 $117.14 calls and sold 17,000 $127.14 calls. This is likely done against a long stock position to add leverage without adding any additional shares.
  2. DE- 4,000 Oct 18 $82.50 puts were bought for $1.75-$1.78 each, against open interest of 4,779 contracts. The stock is trading just above the February lows of $82.38. Over the last 3 months, 2015 Deere EPS estimates have fallen to $6.83 from $7.69.
  3. DHI- 6,750 Feb 2015 $20 puts were sold for $1.00 each, against open interest of 4,139 contracts. Put activity is nearly 3x the average daily volume.
  4. LVS- 5,000 Dec $72.50 calls were bought for $0.51-$0.56 each, against open interest of 3,968 contracts. The call to put ratio is 3:1.
  5. RAX- More than 1,900 Oct 18 $42 calls have traded with the majority being purchased for $1.00-$1.15 each, against no previous open interest. Call activity is 3x the average daily volume. There was a report from Bloomberg that CenturyLink is looking to acquire Rackspace Hosting last night.

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