CVS
2015-08-24 Options Report (CVS) (RRC)
Options Report
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2015-04-01 Unusual Options Activity (AAL) (CVS)
Unusual Options Activity
American Airlines (AAL)- A rollout from 20,000 Apr 17 $52.50 calls ($0.80 credit) into 20,000 May 15 $52.50 calls ($2.14 debit). Shares are being hit today, following the downgrade to hold from buy at Deutsche Bank (price target slashed to $58 from $78).
CVS Health (CVS)- 3,370 May 8 weekly $98.50 puts were sold for $1.20-$1.23. There has been consistent put selling for months now.
LifeLock (LOCK)- 30,000 May $13 puts were sold for $0.35, against open interest of 21,550 contracts. Sizable selling in these on March 24th-26th for $0.45-$0.50. Earnings are due out near the end of this month.
Rowan Companies (RDC)- 10,000 Jan 2016 $13 puts were purchased for $0.95. The stock lost its early gains after the put purchase as the longer-term downtrend is still in place. 2015 EPS estimates have been cut by 18% in the last … Read More »
2015-01-13 Unusual Options Activity (COF) (CVS)
Unusual Options Activity
AMD- Roughly 60,000 Feb 20 $2.50 puts were bought for $0.16-$0.17 each, against open interest of 680 contracts. Put activity was nearly 7x the average daily volume and the put to call ratio was 38:1. Advanced Micro Devices reports Q4 earnings on January 20th (the stock has fallen after the results on 5 out of the last 7 reports). EPS estimates for 2014 and 2015 are still on the decline ($0.15 to $0.09 in three months for 2015). Revenue is likely to shrink nearly 6% this year to under $5.2B. On December 30th, Citigroup initiated the stock with a sell rating.
COF- The Feb $72.50/$77.50 bear put spread was put on 2,000 times for a $1.10 debit today. Volume was above the open interest in both options. Put activity was 4x the average daily volume and the put to … Read More »
2014-10-03 Smart Money Report (JIVE) (SPLS)
Smart Money Report
ACAS- Large buying in the Jan 2015 $14 and $15 calls today (also buying in the Oct and Nov $14 calls). Volume was above the open interest in the Jan 2015 $14 calls. Call activity is 6x the average daily volume. The stock is down 8% from the September close at $15.42. Yesterday, American Capital Agency announced the sale of Avalon Laboratories to Nordson (NDSN) for $180M.
CVS- 3,955 Oct 31 weekly $79 puts were sold for $0.75 each, against open interest of 264 contracts. Shares of CVS Health are now starting to bounce off of the test of the 50-day EMA (which is near $79).
EMC- A likely rollout from 40,000 Jan 2015 $31 calls (credit) into 40,000 Apr 2015 $31 calls (debit). Volume was above the open interest in the Apr 2015 $31 calls. Earnings are due out … Read More »
2014-10-03 Unusual Options Activity (CVS) (EMC)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put selling CVS Health (CVS) and a call rollout in EMC Corp (EMC).
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2014-08-04 Smart Money Report (AZN) (CVS)
Smart Money Report
AZN- The Jan 2015 $65/$80/$90 bull call spread risk reversal was put on 10,000 times for a $0.35 debit. Volume was below the open interest in all three options. Net call premium is +$2.2M vs net put premium of -$1.9M.
CVS- More than 5,000 Sep 20 $75 puts were sold for $1.12-$1.19 each, against open interest of 312 contracts. Earnings are due out on 8/5. The stock has moved higher after earnings on 4 out of the last 5 reports. CVS Caremark shares were down 4 out of 5 last week, which brought the stock to test the 50-day EMA. CVS trades at a P/E ratio of 15.25x (2015 estimates) with 12.8% EPS growth (11.5% this year), 4.6% revenue growth (5.7% this year), 1.43% dividend yield, and has an average analyst price target of $82. On 6/6, Susquehanna raised … Read More »
