Smart Money Report

1. AAL- A likely rollout from 3,500 Dec 5 weekly $46.50 calls (credit) into 4,880 Dec 5 weekly $48.50 calls (debit). Volume above the open interest in the Dec 5 weekly $48.50 calls. My article on American Airlines from Thursday
2. LGF- 7,000 Dec $37 calls were bought for $0.40 each, against open interest of 12,306 contracts. There was large buying in these Lions Gate Entertainment calls on November 20th. Implied volatility initially rose 9.4% to 38.66. Shares of (LGF) are now retesting the $35-$36 resistance level.
3. MRO- A rollout from 2,000 Dec 20 $31 puts (credit) into 3,500 Jan 17 2015 $27 puts (debit). Volume was above the open interest in the Jan 17 2015 $27 puts. This trader is taking profits on the December Marathon Oil puts and is extending the trade an additional month with expectations of new lows to follow by early next year.
4. RSX- 9,500 Dec 5 weekly $20.50 puts were sold for $1.05-$1.10 each, against open interest of 9,588 contracts. He/she bought the Russia ETF puts for $0.20 on November 25th. The (RSX) rallied more than 1% after the trade was closed out.
5. XOP- A rollout from 7,679 Dec 20 $52 puts (credit) into 10,000 Jan 17 2015 $47 puts (debit). Volume was above the open interest in the Jan 17 2015 $47 puts. The SPDR S&P Oil & Gas Exploration & Production ETF is hitting two years lows today, dropping for the fifth consecutive trading session.

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AAL LGF MRO RSX Smart Money Report unusual options activity XOP