Unusual Options Activity
ASML Holding (ASML)- 3,000 July $100 puts were bought for $1.25-$1.45. Put activity was 5x the average daily volume. Shares have recovered in the last week, but it is struggling to regain the 100-day SMA ahead of earnings tomorrow morning.
Bed Bath & Beyond (BBBY)- The 1×2 Nov $67.50/$60 ratio put spread was put on 3,350 times for a $1.60 debit. Whether it has been their quarterly results or their FY outlook as of late, BBBY has found a way to disappoint investors in recent reports. On June 25th, Telsey Advisory reiterated their underperform rating and a $65 price target.
Micron Technology (MU)- The 1×2 Jan 2016 $20/$25 ratio call spread was put on 6,500 times for a $0.92 debit. There were reports last night that Tsinghua Unigroup is offering $21 per share to acquire to the company.
United States Steel … Read More »
Smart Money Report
ASML- Another 1,200 Oct $105 calls were bought for $1.00-$1.75 each, against open interest of 8,190 contracts. Over 6,000 were bought on 8/26. The call to put ratio is 3:1. Call activity is 6x the average daily volume. Implied volatility in ASML Holding rose 14.3% to 26.12.
EWG- 2,550 Apr 2015 $25 puts were sold for $0.55 each, against open interest of 627 contracts. The Germany equity ETF hasn’t been near the $25 level since last September.
QEP- 2,000 Sep $35 calls were purchased for $1.20 each, against open interest of 3,800 contracts. This was tied to 100,000 shares of stock.
URBN- A rollout from 3,000 Sep $37 calls (credit) into 3,000 Oct $39 calls (debit). Volume was above the open interest in the Oct $39 calls.
YHOO- A likely rollout from 5,316 Sep 20 $40 calls (credit) into 7,057 Oct 18 … Read More »
Smart Money Report
ASML- Nearly 7,000 Oct $105 calls have traded with the majority being purchased for $0.75-$0.85 each, against open interest of 128 contracts. The call to put ratio is 29:1. Call activity is 15x the average daily volume. Implied volatility rose 6.2% to 22.98. The stock is retesting the $96 level from July. ASML Holdings trades at a P/E ratio of 20.22x (2015 estimates) with 42.7% EPS growth (3.9% this year), 17.2% revenue growth (9% this year), P/S ratio of 5.04x, P/B ratio of 4.02x, 0.88% dividend yield, and has an average analyst price target of $90.01. On 7/31, Morgan Stanley upgraded the stock to overweight from sector perform.
CPA- Another 1,400 Feb 2015 $130 calls were bought for $7.30 each, against open interest of 1,506 contracts. This was tied to a sale of 58,800 shares. There was also stock … Read More »