Smart Money Report
CNP- 20,000 Sep $24 calls were bought for $0.60 each, against open interest of 8 contracts. CenterPoint Energy beat Q2 EPS and revenue estimates this morning and raised FY14 EPS guidance to $1.14-$1.21 from $1.10-$1.19.
EXPR- Sizable buying in the Aug and Sep $15 calls today. Volume was above the open interest in the Sep $15 calls. In June, Sycamore Partners acquired a 9.9% stake in the company.
MET- The Jan 2015 $45/$55 bull risk reversal was put on 5,250 times for a $0.62 debit. Volume was below the open interest in both options. They bought the Jan 2015 $55 calls and sold the Jan 2015 $45 puts to reduce the cost of the trade.
OCN- A likely rollout from 8,270 Jan 2015 $40 calls (credit) into 8,270 Jan 2015 $30 calls (debit). Volume was above the open interest in the … Read More »
Smart Money Report
AAPL- Over 24,000 Sep. $105 calls have traded today with the majority being purchased for $0.80-$0.85 each, against open interest of 1,063 contracts. The call to put ratio is nearly 3:1. Implied volatility rose 8.8% to 21.93. Apple will report earnings on 7/23.
BBRY- 10,000 Jan. 2015 $9 puts were sold for $0.91 each, against open interest of 1,446 contracts. BlackBerry has support at the $9 level on the daily chart with no major resistance until $10.85-$10.90.
CNP- Sizable buying in the July $25 and $26 calls this morning. Call activity was over 3x the average daily volume. Implied volatility rose 18.9% to 28.44. The stock is breaking out above the $25.29 resistance level from 5/1. (CNP) trades at a P/E ratio of 20.60x (2015 estimates) with 6.9% EPS growth, 2.2% revenue growth, P/S ratio of 1.23x, 3.71% dividend yield, … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in CenterPoint Energy (CNP) and a call spread in McKesson (MCK).
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