Unusual Options Activity

Anacor Pharmaceuticals (ANAC)- There was another rollout from 1,000 July $80 calls ($7.80 credit) into 1,000 Aug $90/$120 bull call spreads ($11.60 debit). This same trade occured yesterday too. The maker of Kerydin (anti-fungal toenail treatment) had its price target raised to $80 from $70 at Jefferies on July 1st. They are upbeat about upcoming Phase 3 results out within the next month or so on AN2728.
Activision Blizzard (ATVI)- Over 3,200 Nov $26 calls were bought for $1.23. Today, Pacific Crest kept their overweight rating and upped the price target to $30 from $25.
Corning (GLW)- There was a rollout from 5,000 July 10 weekly $20 puts ($0.77 credit) into 7,500 July 10 weekly $19.50 puts ($0.40 debit). GLW is hitting new lows amide concerns in the semiconductor industry. The cell phone screen maker will report earnings on July 28th.
IMAX … Read More »

 Smart Money Report

ARO- Aeropostale will report Q2 earnings after the bell tonight. Analysts are looking for -$0.23 in EPS and revenue of $454 million. The options market is implying a $1.55 move, or 14.03%, in either direction through September options expiration. Put to call ratio in the Sep. options is in favor of the bears at 5.64.
P- Another big Q2 earnings release due out tonight will come from Pandora Media. Analysts are looking for $0.02 in EPS and revenue of $156 million. Options traders are pricing in a $3.50 move, or 16.34%, in either direction through Sep. options expiration. The call to put ratio in the Sep. options is currently 1.13.
ATVI- Roughly 2k Feb. 2014 $19 calls were bought for $0.71-$0.74 each, against open interest of 587 contracts. Activision Blizzard shares are up 1.27% today.
MDLZ- 2,351 Aug. 30 weekly options … Read More »

 Unusual Option Activity

Today’s Unusual Options Activity Report takes a look at a short dated call purchase in Mondelez International (MDLZ) and a long dated call buyer in Activision Blizzard (ATVI).

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