2015-07-10 Unusual Options Activity (AXS) (CHK)

Posted on July 10th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-07-10 Unusual Options Activity (AXS) (CHK)

Unusual Options Activity

Axis Capital (AXS)- The July/Aug $55 put calendar was put on 3,265 times for a $0.90 debit. Ideally in this trade he/she wants AXS to stay above $55 through July expiration and then drop through August options expiration (earnings are due out on July 28th).
Chesapeake Energy (CHK)- 60,000 Sep $8 puts were sold for $0.28. In 2008, shares bottomed at $8.43 (2003 was the last time it was below $8). The stock trades at 0.68x sales (2015 estimates).
Del Frisco’s Restaurant (DFRG)- There was a rollout from 5,000 Aug $20 calls ($0.30 credit) into 3,000 Aug $17.50 calls ($1.25 debit). Earnings are due out on July 23rd (shares has moved higher after earnings on 5 out of the last 6 reports).
Immunomedics (IMMU)- 6,000 Aug $4 puts were sold for $0.95, against open interest of 7,389 contracts. The small cap … Read More »

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