2014-09-19 Smart Money Report (BUD) (DVN)

Posted on September 19th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-09-19 Smart Money Report (BUD) (DVN)

Smart Money Report

  1. AAL- The Jan 2015 $32/$40/$45 bull call spread risk reversal was put on 8,000 times for a $0.26 debit. Volume was above the open interest in the Jan 2015 $32 puts. American Airlines Group remain weak despite weakness in oil & gas prices. The stock could retest the Aug 8 lows above $35, if it is unable to hold above the $37 level support level.
  2. BAC- A rollout from 10,000 Sep 20 $17 calls (credit) into 10,000 Sep 26 weekly $17 calls (debit). Volume was below the open interest in both options. Option traders/investors remain bullish on Bank of America in the near-term and long-term (out to early 2016).
  3. BUD- A rollout from 2,000 Sep $115 calls (credit) into 2,000 Oct $120 calls (debit). Volume was above the open interest in the Oct $120 calls. Anheuser-Busch InBev SA is reportedly looking to buy SABMiller.
  4. DVN- 15,650 Apr 2015 $72.50 calls were bought for $4.65 each, against open interest of 24 contracts. This was tied to 798,000 shares. Large open interest remains in the Devon Energy Jan 2015 $70, $80, and $85 calls.
  5. HLT- A rollout from 5,000 Sep $25 puts (credit) into 7,500 Oct $25 puts (debit). Volume was above the open interest in the Oct $25 puts. The stock has struggled to sustain a move above the $25 level this week.

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