2015-07-01 Unusual Options Activity (AEO) (MXIM)

Posted on July 1st, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-07-01 Unusual Options Activity (AEO) (MXIM)

Unusual Options Activity

  1. American Eagle Outfitters (AEO)- 3,000+ Aug 7 weekly $17.50 calls were purchased for $0.55-$0.60. The uptrend in shares remains in place as EPS estimates for 2015 and 2016 continue to trend upward.
  2. EMC Corp (EMC)- There was a rollout from 6,000+ Aug 21 $29 calls ($0.15 credit) into 6,000+ Aug 21 $27 calls ($0.64 debit). Earnings are due out on July 22nd. EMC has been range bound between $26 and $27.50 since April. The company doesn’t plan on breaking up despite investor pressure to do so.
  3. Maxim Integrated Products (MXIM)- 6,000 Aug $35 puts were purchased for $2.09-$2.15. Put activity was 9x the average daily volume. Earnings are due out on July 23rd. MXIM shares gapped down by about 8% on the previous earnings report. After recent deals in the semiconductor space they are considered a takeover target.
  4. Texas Instruments (TXN)- 4,500 July 31 weekly $52.50 puts were bought for $2.08. Earnings are due out on July 22nd (shares have dropped on 3 out of the last 4 reports). TXN could be the potential buyer of a MXIM or other similar company.
  5. United Continental (UAL)- A rollout from 16,000+ July 17 $55 calls ($1.11 credit) into 16,000+ Aug 21 $55 calls ($2.66 debit). This happened 14,000+ times yesterday. Lower oil prices are helping airline stocks today. UAL has earnings due out around July 23rd.
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