Unusual Options Activity
COUP- Over 2,800 Feb $15 calls were bought for $1.25 each, against open interest of 217 contracts. The call to put ratio is 23:1 and call activity is 8x the average daily volume (implied volatility +8.4% to 82.13). This trade was tied to 145,000 shares at $14.90. Coupons.com will report Q4 earnings on February 9th (moved higher on 2 out of its only 3 previous reports). Shares have fallen $5 in less than three weeks, but is so far holding above the 100-day simple moving average. Bank of America initiated the stock with a buy rating and a $30 price target on April 1st and reaffirmed their bullish stance on November 5th. The company has been able to top analyst quarterly estimates and is likely to see 200% EPS growth this year and a double in earnings in … Read More »
Smart Money Report
CSCO- Cisco Systems is set to announce Q2 earnings after the bell tonight. Analysts are looking for $0.46 in EPS and revenue of $11 billion. The options market is implying a $1.37 move, or 6.00%, in either direction through Friday’s close. Call to put ratio in (CSCO) is currently 1.28, led by a seller of 8,500 Jan. 2015 $25 calls for $0.96 each and buyer of 5k July $24 calls for $0.72 each.
WFM- Whole Foods Market will also releasing earnings after the bell tonight. Analysts are looking for $0.44 in EPS and revenue of $4.3 billion. Option traders are pricing in a $4.00 move, or 7.20%, in either direction through Friday’s close. The call to put ratio in (WFM) options is 1.02.
CTRX- Over 2k July $52.50 calls were purchased for up to $3.29 each, against open interest of … Read More »