Smart Money Report

1. BURL- Another rollout from 1,700 Mar 2015 $45 calls (credit) into 2,600 Mar 2015 $50 calls (debit). Volume was below the open interest in both options. Prior to today’s action, Mar 2015 $50 call open interest stood at 10,047 contracts. My article on Burlington Stores from December 10th
2. FXI- 8,000 Jan 17 2015 $41.50 puts were sold for $0.93 each, against open interest of 142 contracts. The China Equity ETF is trying once again to breakout above the $42 resistance level and he/she is betting that last week’s gap doesn’t get filled over the next three weeks (at least doesn’t finish below $41.50, but will have to buy the ETF if it does).
3. LINE- A rollout from 2,500 Jan 2015 $13 puts (credit) into 3,500 Feb 2015 $10 puts (debit). Volume was above the open interest in the Feb 2015 $10 puts. Along with energy prices Line Energy shares continue to make new lows, down for the sixth consecutive trading session (down 65% from the September high).
4. MTW- 3,000 Jan 2015 $21 calls were bought for $1.90 each, against open interest of 5,019 contracts. This was tied to 231,000 shares. Carl Icahn took a 7.77% stake in Manitowoc. He plans on trying to get the business split into two separate entities.
5. WAG- 1,570 Jan 30 weekly $73 puts were sold for $0.80-$0.82 each, against open interest of 34 contracts (also sizable buying in the Jan 17 2015 $76 calls today). Shareholders of Walgreen approved the Alliance Boots merger. Deal is expected to be completed on December 31st.

1 On 1 Options Mentoring: Learn more about 1 on 1 options mentoring courses that help can you improve your trading odds and risk management skills.

More Of My Commentary/Articles: Check out my contributor content for TraderPlanet, Seeking Alpha, and TheStreet.com.

Social Media: Follow me on Twitter and StockTwits!

Two latest articles

Nike’s International And Women’s Segments Are Fueling The Growth Story

Payroll Strength And Healthcare Reform Services Helped Paychex Deliver In Q2

BURL FXI LINE MTW Smart Money Report unusual options activity WAG