10 Stocks With Unusual Options Activity (JWN, BBRY, JBLU, & more)

It’s time to review several stocks that had unusual options activity over the last week. Although traders can never be sure why these trades take place (and who’s making them), I believe it’s important to be aware of notable options activity as an indicator for directional bias.

Here’s a weekly recap of 10 stocks that had unusual options activity and what, if any, significance these trades may have.

Unusual Options Activity: 10 Stocks With Notable Trades

TUESDAY

Pinnacle Foods (NYSE:PF) – 1,300+ Feb 17 2017 $57.50 calls traded with the majority being bought for $0.55. Last January, Pinnacle acquired the health food company, Boulder Brands, for $975M. The deal has not just contributed to top line results, but is likely to add $0.08-$0.10 per share to FY 2016 earnings.

PF shares have steadily been trending upward since going public in 2013. … Read More »

Smart Money Report

DHR- The Mar 2015 $70/$80 bull risk reversal was put on 7,500 times for a $0.65 debit. Volume was below the open interest in both options. This was tied to 500,000 shares. This trade was put on 7,500 times yesterday too. Bank of America said Danaher may buy Agilent Technologies’ Life Science division post the split.
KORS- 3,000 Nov 22 $80 calls were bought for $1.15 each, against open interest of 7,043 contracts. There was sizable put selling in the Michael Kors Oct 18 $70 puts yesterday.
PAAS- More than 6,000 Nov $11 puts were sold for $0.60 each, against open interest of 486 contracts. The stock is nearing a test of prior resistance from last year near $11. There have been several put sales in the gold and silver miners recently (betting on the correction at least pausing in … Read More »

Smart Money Report

CDE- 7,500 Jan. 2016 $8 puts were purchased for $1.85-$1.90 each, against open interest of 917 contracts. The downtrend on the daily and weekly charts remain intact. Earnings continue to weaken (-$0.78 in 2013 vs. -$1.09 in 2014).
COH- 7,300 Jan. 2015 $35 puts were bought for $1.20 each, against open interest of 32,185 contracts. 10k were bought yesterday for $1.20 each.
DHR- A rollout from 3k June $75 calls (credit) into 4k July $77.50 calls (debit). Volume was above the open interest in the July $77.50 calls. The call to put ratio is 9:1. Call activity is over 8x the average daily volume. Implied volatility rose 13.1% to 17.55.
HIBB- 1,000 June $55 puts were purchased for $1.30-$1.50 each, against open interest of 104 contracts. Earnings are due out tomorrow morning. Hibbett Sports has dropped after earnings on four straight … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight put buying in Coach (COH) and a call rollout in Danaher (DHR).

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 Unusual Options Activity

AMD- 1,330 May 9 weekly $4.50 calls were bought for $0.06 each, against open interest of 163 contracts. (AMD) reported earnings on Thursday night.
NTES- 1k May $70 calls were purchased for $4.10-$4.20 each, against open interest of 115 contracts. Earnings are due out on 5/14. Typically trades 556 calls per day.
BBRY- 9,033 June $8 calls were bought for $0.37 each, against open interest of 11,255 contracts.
MU- 5,791 July $27 calls were purchased for $1.14 each, against open interest of 21,542 contracts. (MU) shares are trying to retest the February highs of $25.68.
SMH- 14,500 Aug. $50 calls were bought for $0.38 each, against open interest of 22,637 contracts. There was large buying in these calls on 4/8 and 4/9.
WPRT- 5,400 Oct. $17 calls were sold for $0.60 each, against open interest of 81 contracts. Earnings are due out on … Read More »