2015-05-06 Unusual Options Activity (KSS) (ZNGA)

Posted on May 6th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-05-06 Unusual Options Activity (KSS) (ZNGA)

Unusual Options Activity

  1. Acadia Healthcare (ACHC)- 5,000 June $65 puts were sold for $1.75-$1.80. The healthcare services company recently beat Q1 estimates and issued strong FY15 guidance. They priced a 4.5M secondary offering at $66.50 per share last night.
  2. SPDR KBW Regional Banking ETF (KRE)- A rollout from 10,000 May 15 $40 puts ($0.15 credit) into 10,000 June 19 $40 puts ($0.66 debit). The regional bank ETF continues to find buyers on pullbacks to the 50-day EMA, so until this ends its best to stay long/neutral.
  3. Kohl’s (KSS)- A likely rollout from 4,000 May $75 calls ($0.85 credit) into 2,000 May $72.50 calls ($1.90-$1.95 debit). Earnings are due out on May 14th (shares moved higher on 4 out of the last 7 reports).
  4. Wendy’s (WEN)- Roughly 4,000 June $12 calls were purchased for $0.15-$0.20. There was large May $10 call buying yesterday ahead of Q1 report. They announced they will sell 640 company owned restaurants to franchisees (and the bakery business) in an effort to cut costs and have a more predictable cash flow with higher margins.
  5. Zynga (ZNGA)- 10,000 Sep $2.50 puts were sold for $0.30. Earnings are due out tonight. Last month, Mark Pincus (founder) was brought back as CEO of the company.
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