AA
2015-01-12 Pre-Earnings Analysis (AA) (KBH)
Pre-Earnings Analysis
AA- Alcoa reports Q4 earnings after the bell tonight. Wall Street analysts are looking for $0.27 per share on revenue of $6.04B (only missed EPS estimates once in the last three years). The options market is pricing in a $0.88 move, or 5.45%, in either direction this week. Shares have rallied after earnings on 2 out of the last 3 reports, but that average is evened out when looking at the last two years of reports. The biggest option trade of the day was a buyer of 27,000 Jan 17 $14 puts for $0.04 (likely a closing of an existing position). Today, Nomura upgraded the stock to buy from neutral and raised their price target to $23 from $15. The $19B aluminum producer trades at a P/E ratio of 15.38x (2015 estimates) with 25% EPS growth, price to sales … Read More »
2014-10-30 Smart Money Report (KO) (P)
Smart Money Report
AA- 15,000 Dec 20 $15 puts were purchased for $0.43 each, against open interest of 46,317 contracts. Alcoa shares have struggled with the $16.25-$16.50 resistance level since mid September.
GNRC- Large selling in the Nov $52.50 and $55 calls today. Volume was below the open interest in both options. Earnings are due out on 11/6. Shares of Generac Holdings have dropped after earnings on the last two reports. The large buyer of these calls in August doesn’t see much hope for the stock to return into the $50’s by November options expiration now.
HCA- The Nov 22 $65/$72 bull risk reversal was put on 5,000 times for a $0.55 debit. Volume was above the open interest in both options. Yesterday, Barclays raised their price target to $81 from $75 on HCA Holdings (kept the overweight rating), following the Q3 results.
KO- … Read More »
2014-10-30 Unusual Options Activity (AA) (GNRC)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put buying in Alcoa (AA) and call selling in Generac Holdings (GNRC).
You need to be logged in to see this part of the content. Please Login to access.
2014-10-09 Unusual Options Activity (AA) (EBAY)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put buying in Alcoa (AA) and call selling in eBay (EBAY).
You need to be logged in to see this part of the content. Please Login to access.
2014-10-08 Smart Money Report (AA) (OCN)
Smart Money Report
AA- 8,000 Dec $15 puts were purchased for $0.56 each, against open interest of 22,748 contracts. Alcoa earnings are due out tonight. The stock has moved higher after earnings on 3 out of the last 4 reports (currently trading right at the 100-day SMA). The options market is implying a $0.84 move through the end of the week.
AUY- 7,500 Jan 2015 $5 puts were sold for $0.19 each, against open interest of 4,916 contracts. The Gold ETF (GLD) is so far holding on the test of $115 (held on the correction in June and December of 2013).
DOW- 10,000 Nov 22 $50 calls were purchased for $1.25 each, against open interest of 6,292 contracts. This was tied to 350,000 shares. Dow Chemical earnings are due out on 10/22.
INFI- 5,000 Oct $12 puts were bought for $0.30 each, against open … Read More »
2014-07-03 Unusual Options Activity (AA) (IP)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Alcoa (AA) and call selling in International Paper (IP).
You need to be logged in to see this part of the content. Please Login to access.
2014-04-08 Smart Money Report (AA) (IMAX)
Smart Money Report
AA- Alcoa is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.05 in EPS and revenue of $5.6 billion. Option traders are pricing in a $0.65 move, or 5.18%, in either direction through Friday’s close. The put to call ratio in (AA) options is currently 1.01, led by a seller of 1,000 Sep. $13 straddles for a $2.20 credit and a buyer of 1,000 Apr. 11 weekly $13 calls for $0.20 each. The stock has dropped on five out of the last seven earnings reports.
AER- A rollout from 1,760 Apr. $35 calls (credit) into 1,760 May $40 calls (debit). Volume was above the open interest in the May $40 calls. Earnings are due out on 5/7.
IMAX- 4,282 Apr. $28 calls were purchased for $0.35 each, against open interest of 661 contracts. This was … Read More »
2014-01-09 Smart Money Report (AA) (INFY)
Smart Money Report
AA- Alcoa will report Q4 earnings after the bell tonight. Analysts are looking for $0.05 in EPS and revenue of $5.4 billion. The options market is implying a $0.58 move, or 5.45%, in either direction through Friday’s close. Call to put ratio in (AA) options is currently 1.43.
INFY- Infosys is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.75 in EPS and revenue of $2.1 billion. Options traders are pricing in a $4.30 move, or 7.71%, in either direction through January 2014 options expiration. The call to put ratio in (INFY) options is 2.70, led by a rollout from 2,600 Jan. 2014 $52.50 calls (credit) into 1,800 Jan. 2016 $55 calls (debit).
NSM- 5,000 July $40 calls were purchased for $2.50-$2.60 each and 2,050 July $25 puts were sold for $1.70-$1.75 each, creating … Read More »
2013-10-08 Smart Money Report (AA) (YUM)
Smart Money Report
AA- Alcoa will report Q3 earnings after the bell tonight. Analysts are looking for $0.06 in EPS and revenue of $5.7 billion. The options market is implying a $0.31 move, or 3.92%, in either direction through Friday. Call to put ratio in (AA) options is slightly in favor of the bulls at 1.29.
YUM- Yum! Brands will also be releasing Q3 earnings after the bell. Analysts are looking for $0.93 in EPS and revenue of $3.5 billion. Options traders are pricing in a $3.30 move, or 4.61%, in either direction through Friday. The put to call ratio in (YUM) options is currently 1.40.
PNK- Over 4k Dec. $25 puts were bought for up to $1.80 each, against open interest of 46 contracts. Shares of Pinnacle Entertainment are down 3.39% today.
AAPL- Apple shares are giving back yesterday’s gains, losing 1.02% today. The call to … Read More »
