2015-06-10 Unusual Options Activity (DBD) (HRTX)

Posted on June 10th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-06-10 Unusual Options Activity (DBD) (HRTX)

Unusual Options Activity

  1. Diebold (DBD)- 1,000 Aug $40 calls were purchased for $0.95, against open interest of 1,260 contracts. Later in the morning, the July $35/$40 bull risk reversal was put on 2,400 times for a $0 debit. Options activity was 24x the average daily volume. Yesterday, Reuters reported they are in talks to buy Wincor Nixdorf (German competitor).
  2. Heron Therapeutics (HRTX)- A rollout from 4,000 June $15 calls ($12.10-$12.20 credit) into 4,000 Sep $22.50 calls ($7.40 debit). 9,500+ is in open interest in the Sep $25 calls. The company priced their 4.8M secondary offering at $24.75 per share this morning.
  3. Kythera Biopharmaceuticals (KYTH)- Over 1,500 July $65 calls were bought for $0.65-$1.70. Call activity was 11x the average daily volume (IV +28.6% to 62.80). Yesterday, Guggenheim initiated the stock with a buy rating and a $64 price target.
  4. LendingClub (LC)- 3,200 Jan 2016 $12 puts were bought for $0.45. Shares have been trading in a downtrend since going public in December (rallies to the 50-day EMA have been shorting opportunities). The online lending marketplace trades at a rich 25x sales.
  5. Noble Energy (NBL)- Over 3,000 June $47.50 calls were purchased for $0.50-$0.55, against open interest of 2,453 contracts. Yesterday, Nomura upgraded the energy company and raised their price target to $48 from $44.69.
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