Earnings Previews

1. ANGI Earnings Preview- Large buying in the May $12.50 and $15 calls with the call to put ratio over 4:1. The stock has moved lower on the last three reports, but higher on the three reports before then. The stock is finding support at the $12 level just as it did in November/December. (ANGI) is expected to turn profitable in 2015 and currently has revenue growth of 32%. The average analyst price target is $20. The options market is pricing in a $2.25 through May options expiration. (ANGI) bullish options trade idea: Buy the May $12.50/$15 call spread for $1.00 debit or better.
2. INFN Earnings Preview- Sizable buying in the May $9 calls over the last week and roughly 2k bought for $0.49-$0.50 each today. The call to put ratio is 10:1 and call activity was 2x the average daily volume. Stock moved higher after earnings on the last report, but only higher on three of the last seven. Stock recently retested the $8 support level. EPS is expected to grow 400% in 2014 and 107% in 2015 with revenue growth of 11-13% over the next two years. The average analyst price target is $12.50. The options market is pricing in a $1.20 through May options expiration. (INFN) bullish options trade idea: Buy the May $9/$10 call spread for a $0.35 debit or better.
3. NXPI Earnings Preview- Over 3k set in open interest in the May $57.50 calls due to buying in recent weeks. There is also sizable selling in the May $57.50 puts today for around $1.40. The stock has moved higher after earnings on the last seven reports. The long-term uptrend remains intact and is poised to make a run at the mid to high $60′s. (NXPI) trades at a P/E ratio of 14.21x (2014 estimates), PEG ratio of 0.49x (2014 estimates), 9.8% revenue growth, and has an average analyst price target of $67. The options market is pricing in a $5.30 move through May options expiration. (NXPI) bullish options trade idea: Buy the May $60/$65 call spread for a $1.80 debit or better.
4. OII Earnings Preview- The June $70/$75 bull risk reversal was put on 500 times for a $0.35 debit today. Typically trades 541 options per day. The stock has moved higher after earnings on six out of the last seven reports. (OII) has been putting in a base over the last few months. (OII) trades at a P/E ratio of 18.30x (2014 estimates), PEG ratio of 1.03x (2014 estimates), 13.9% revenue growth, and has an average analyst price target of $90.50.
5. TER Earnings Preview- On 4/1, over 3,500 May $20 calls were purchased for $0.75-$0.93 each. The stock has moved higher after earnings on five out of the last seven reports. The stock put in a higher low on the weekly chart last week on the retest of the $18.00-$18.25 level. (TER) trades at a P/E ratio of 14.32x (2014 estimates), PEG ratio of 0.54x (2014 estimates), 16% revenue growth, and has an average analyst price target of $23. The options market is pricing in a $1.40 move through May options expiration. (TER) options trade idea: Buy the May $19 call for $0.80 or better.
6. XLNX Earnings Preview- Large selling in the May $50 puts and June puts. 73% of all puts traded have gone on the bid (bullish). The stock has moved higher after earnings on four out of the last five reports.The long-term uptrend remains strong and the stock recently tested the 10-week EMA (50-day EMA). (XLNX) trades at a P/E ratio of 21.23x (2015 estimates), 10% revenue growth, and has an average analyst price target of $56. (XLNX) bullish options trade idea: Sell the June $49/$50 put spread for a $0.24 credit or better.

These earnings previews are 1st published on the daily unusual options activity posts ahead of earnings.

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ANGI INFN NXPI OII TER XLNX