BABA
2014-11-05 Smart Money Report (BABA) (C)
Smart Money Report
BABA- 6,826 Nov 22 $115 calls were sold for $1.35 each, against open interest of 3,732 contracts. Yesterday, Alibaba reported Q2 EPS of $0.45 vs the $0.45 estimate revenue of $2.74B vs the $2.61B estimate (54% year over year increase).
C- 10,000 Jan 2015 $52.50 puts were sold for $1.36-$1.39 each, against open interest of 15,250 contracts. Citigroup book value in the latest quarter filing was $67.11 per share.
CAT- Roughly 10,000 Jan 2015 $105 calls were purchased for $1.15-$1.39 each, against open interest of 7,652 contracts. Shares of Caterpillar were unable to sustain a move above the 40-week SMA and are so far seeing sellers step in this week. The moving average is currently at $101.43.
FSLR- A rollout from 3,000 Nov 7 weekly $52.50 puts (credit) into 3,000 Nov 22 $54 puts (debit). Volume was above the open interest … Read More »
2014-10-23 Smart Money Report (BABA) (CBSO)
Smart Money Report
BABA- 10,000 Nov 22 $91 puts were sold for $2.80 each, against open interest of 59 contracts. Alibaba earnings are due out on 11/4 (this being their first report as a publicly traded company). The options market is currently pricing in about a $7.50 move through that week.
CBSO- The Nov 22 $30 straddle was put on 6,000 times for a $1.61 credit. Volume was above the open interest in both options. Earnings are due out on 11/4. The trader is betting on a move above $31.61 or below $28.39 in CBS Outdoor Americas on November monthly options expiration.
CSCO- 17,000 Nov 22 $23 puts were purchased for $0.44-$0.47 each, against open interest of 11,372 contracts. Cisco Systems earnings are due out on 11/12. The stock has dropped after earnings on 5 out of the last 7 reports.
RSX- A rollout … Read More »
2014-09-29 Stock Watchlist Update (High Probability Trade In Alibaba)
Stock Watchlist Update
High Probability Trade In Alibaba
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2014-09-29 Smart Money Report (BABA) (KORS)
Smart Money Report
BABA- The Nov $85/$95 strangle was put on 3,000 times for a $7.30 credit. Volume was above the open interest in both options. The trader is betting that Alibaba shares will stay between $85-$95 on November options expiration.
BABA- 2,500 Dec $95 calls were sold for $4.30 each, against open interest of 0 contracts. On the 1st day of trading in (BABA) options traders/investors don’t see the stock eclipsing the IPO day high anytime soon. Implied volatility has fallen from the low 40’s to now just under 38%.
KORS- Over 4,300 Oct 18 $70 puts were sold for $1.40 each, against open interest of 3,767 contracts. The trader sees Michael Kors stock holding above the $70 level through October 17th, possibly ending a near 30% slide in the share price from May.
MCHP- A likely rollout from 2,000 Jan 2015 $50 … Read More »
