2014-09-10 Smart Money Report (ALNY) (KBH)

Posted on September 10th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-10 Smart Money Report (ALNY) (KBH)

Smart Money Report

  1. ALNY- 1,000 Dec $75 calls were purchased for $5.90 each, against open interest of 133 contracts. (ALNY) has Phase 2 data due out in the 4th quarter. 
  2. KBH- 4,305 Oct $18 calls were sold for $0.32 each, against open interest of 3,597 contracts. Earnings are due out on 9/24. Shares of KB Home found resistance just below the $18 level last month.
  3. MDC- 12,922 Oct $29 calls were sold for $0.45 each, against open interest of 4,384 contracts. The $29 level acted as resistance late last month/early this month. Typically trades 874 calls per day.
  4. PTEN- 2,000 Sep $31 puts were sold for $0.46 each, against open interest of 406 contracts. Patterson-UTI Energy shares found support just above the $31 level earlier today.
  5. ZION- A rollout from 5,000 Sep $30 calls (credit) into 5,000 Oct $30 calls (debit). Volume was above the open interest in the Oct $30 calls. Call activity was 12x the average daily volume. Zions Bancorporation trades at a P/B ratio of 0.93x and was upgraded to market perform on 7/29 at Bernstein ($30 price target).

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