BTU
2015-07-21 Unusual Options Activity (BTU) (LXK)
Unusual Options Activity
Peabody Energy (BTU)- There was a rollout from 24,000+ Jan 2016 $1.50 puts ($0.64-$0.65 credit) into 40,000+ Jan 2016 $1 puts ($0.34 debit). Earnings out on July 28th. Yesterday, fellow coal miner, Arch Coal, announced a 1 for 10 reverse stock split (not a good sign). BTU, a stock trading at $1 and change, is expected to lose $2 per share this year.
Energy Transfer Equity (ETE)- 5,000 Jan 2016 $65 calls were bought for $3.10, against open interest of 6,644 contracts. There was sizable buying in these yesterday too. ETE wants to acquire Williams Companies (current offer is $48B), but they aren’t going for it yet.
Lexmark International (LXK)- There was a rollout from 2,500 Aug $46 puts ($8.50 credit) into 2,500 Aug $41 puts ($3.80-$3.90 debit). They paid $1.35 for the Aug $46 puts yesterday. Today, they issued … Read More »
2015-03-24 Unusual Options Activity (ARRY) (QRVO)
Unusual Options Activity
Array Biopharma (ARRY)- Nearly 6,000 Sep $8 calls have traded with the majority bought for $1.70-$1.95 each. They have Phase 2 and 3 data coming later this year. The stock has been consolidating between $7.50 and $8.50 for the last two months.
Peabody Energy (BTU)- Over 22,000 Mar 27 weekly $6.50 calls have traded with the majority bought for $0.10-$0.15 each. Call activity was 6x the average daily volume. Shares have no major resistance until the $7 level.
Iron Mountain (IRM)- A rollout from 1,800 Apr $37.50 calls ($1.05 credit) into 1,800 July $40 calls ($1.05 debit).
Qorvo (QRVO)- A rollout from 1,811 May $80 calls ($8.55 credit) into 2,415 May $85 calls ($5.80 debit). The big buyer of 7,000 May $70/$80 bull call spreads from February 20th remains in open interest. Earnings are due out on April 22nd.
Repros Therapeutics (RPRX)- … Read More »
2015-03-13 Options Report (ADT) (CAB)
Options Report
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Open Interest Updates From The Previous Trading Days Action
Gilead Sciences (GILD)- May 15 $90 put open interest went from 19,233 to 22,465 contracts, May 15 $100 call open interest went from 20,521 to 25,574 contracts, and May 15 $115 call open interest went from 7,877 to 12,938 contracts (bull call spread risk reversal put on for a $2.60 debit).
McDonald’s (MCD)- June $97.50 call open interest went from 17,290 to 42,008 contracts (more buying yesterday).
PDL BioPharma (PDLI)- May $7 call open interest went from 2,476 … Read More »
2014-12-11 Unusual Options Activity (BTU) (WLL)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put buying in Peabody Energy (BTU) and call buying in Whiting Petroleum (WLL).
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2014-08-18 Smart Money Report (CPB) (RIO)
Smart Money Report
BTU- 6,000 Dec $18 calls were purchased for $0.46 each, against open interest of 5,513 contracts. The long-term downtrend remains intact in Peabody Energy shares. On 7/23, Nomura lowered their price target to $13 from $16.
CPB- 5,500 Sep $48 calls were bought for $0.30 each, against no previous open interest. The call to put ratio is 30:1. Call activity is 9x the average daily volume. Implied volatility rose 25% to 23.34. Earnings are due out on 9/8. There have been rumors of Buffett being interested in acquiring Campbell Soup.
DLTR- The Oct 1×2 $55/$57.50 ratio call spread was put on 1,000 times for a $0.05 debit. Volume was above the open interest in both options. They bought 1,000 Oct $55 calls and sold 2,000 Oct $57.50 calls. This was likely done against a long stock position to add leverage … Read More »
2014-07-16 Smart Money Report (BTU) (CL)
Smart Money Report
BTU- 10,000 Aug. 16 $17 calls were bought for $0.29 each, against open interest of 1,008 contracts. Earnings are due out on 7/22.
CL- A rollout from 6,508 Aug. $70 calls (credit) into 6,508 Aug. $72.50 calls (debit). Volume was below the open interest in both options.
FOXA- The Jan. 2016 $28/$40 bull risk reversal was put on 20,000 times for a $0.35 debit. Volume was above the open interest in both options. They bought the $40 calls and sold the $28 puts.
INTC- 40,000 Oct. $33 calls were sold for $1.48 each, against open interest of 82,345 contracts. 75,000 were bought for $0.27 on 6/13 as part of a rollout from 25,000 Oct. $30 calls.
JPM- Another 10,000 Jan. 2015 $65 calls were bought for $0.44 each, against open interest of 50,636 contracts. 10,000 were bought yesterday as well.
Summer Sale: From … Read More »
Options: Why Coal In Your Stocking Could Be Good (BTU)
Options: Why Coal In Your Stocking Could Be Good
My commentary on Peabody Energy (BTU) for TraderPlanet http://www.traderplanet.com/commentaries/view/165468-options-why-coal-in-your-stocking-could-be-good/
2013-11-19 Free Trade of the Day (MGM)
Free Trade of the Day
MGM Resorts International (MGM)
Updates: Peabody Energy (BTU) shares rose 0.36% today, putting in a short-term bottom.
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2013-11-18 Free Trade of the Day (BTU)
Free Trade of the Day
Peabody Energy (BTU)
Updates: Ambac Financial Group (AMBC) shares fell 1.24% today, possibly on their way to a test of the $21 support level.
Free Trial: If you would like to know more about premium content or you would like a free trial of our service , email me at Mitchell@OptionsRiskManagement.com .
Premium Subscription: Join now to gain access to the all of the stock watchlist updates (30-50 stock and option trade ideas like the one above every week), unusual options activity reports, weekend market updates, Premium Twitter feed, and more! All for just $29.95/month or save by purchasing an annual subscription. Join me and the other ORM traders in the chat room today!
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