2015-04-02 Unusual Options Activity (IDRA) (INTC)

Posted on April 2nd, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-04-02 Unusual Options Activity (IDRA) (INTC)

Unusual Options Activity

  1. Applied Materials (AMAT)- The July $25/$30 bull call spread was put on 5,373 times for a $0.77 debit. Volume was below the open interest in both options. The company has a pending merger with Tokyo Electron that will be headquartered in the Netherlands (tax inversion, synergies).
  2. Idera Pharmaceuticals (IDRA)- 2,500 Apr $3.50 calls were purchased for $0.35. Call activity was 4x the average daily volume. They were granted orphan drug designation for IMO-8400 yesterday. IMO-8400 is for the treatment of diffuse large B-cell lymphoma.
  3. Intel (INTC)- Over 8,000 Apr 10 weekly $32 calls were bought for $0.14, against open interest of 5,957 contracts. Today, they announced their annual shareholder meeting will be on May 21st. Intel is also rumored to be interested in acquiring Altera.
  4. Staples (SPLS)- The Jan 2017 $13/$17/$22 bull call spread risk reversal was put on 5,000 times for a $0.10 debit. The $6.3B acquisition of Office Depot is likely to close by the end of the year.
  5. PowerShares DB US Dollar Index Bullish ETF (UUP)- 60,000 June $25 puts were purchased for $0.22-$0.23, against open interest of 265,809 contracts. A close below the 10-week EMA would signal a trend reversal in the U.S. dollar ETF (currently $25.43).
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