EWJ
2015-07-25 Weekend Market Update (Japan: Would You Be A Buyer Or Seller?)
Weekend Market Update
Japan: Would You Be A Buyer Or Seller?
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2015-03-25 Unusual Options Activity (EWJ) (NRG)
Unusual Options Activity
American Airlines (AAL)- A rollout from 8,000 Mar 27 weekly $53 puts ($0.44 credit) into 8,000 Apr 10 weekly $52 puts ($0.88-$0.92 debit). Shares continue to struggle to sustain moves above the $55-$56 resistance level.
Entergy (ETR)- 1,000 June $82.50 calls were bought for $0.90-$1.00 each. Typically trades 169 calls per day. The 14%+ decline since December has brought the dividend yield up to 4.27%.
iShares MSCI Japan ETF (EWJ)- 20,893 Apr 2 weekly $12.50 calls were sold for $0.39 each, against open interest of 85,837 contracts. Traders started purchasing these calls in size on February 19th for $0.11-$0.16.
NRG Energy (NRG)- 2,000 Apr $25 puts were sold for $0.67 each. This trader is betting on $25 being the floor in NRG Energy through April options expiration, but if it does in fact close below the strike price on expiration he/she … Read More »
2015-03-13 Weekend Market Update (The Japanese Equity Rally Persists)
Weekend Market Update
The Japanese Equity Rally Persists
Today’s ORM Market Commentary is an example of what will be included in my ORM Equity/Option Trader Subscription Service for $9.99 per month. Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
Notes: Almost 5,000 Mar $39 calls were bought during the first two hours of trading on March 5th (majority for $0.80 each). As these calls have dropped, 2,000+ were bought today for $0.45-$0.55 each. Not to mention there were sizable purchases in the May $40 (3,100+ traded) and July $38 calls (1,200+ traded) for $1.10-$1.25 and $2.69-$2.70, respectively. The $6.7B home security company trades at a P/E ratio of 17.59x (Sep16 estimates) with 6.2% EPS growth, price … Read More »
2015-02-20 Weekend Market Update (Venturing Across The Pacific For Investing Opportunities)
Weekend Market Update
Venturing Across The Pacific For Investing Opportunities
Notes: Check out the 2/14 version of the Weekend Market Update for a look at the S&P 500 (trade idea and analysis still hold true today).
iShares MSCI Japan ETF (EWJ) Options Trade Idea
Buy the (EWJ) June $12 call for $0.67 or better
Stop loss- None
1st upside target- $1.25
2nd upside target- $1.80
Notes: The options market is pricing in a $6.50-$6.65 move through March options expiration in Westlake Chemical (WLK).
Westlake Chemical (WLK) Options Trade Idea
Buy the (WLK) Mar $65/$75 bull call spread for a $4.40 debit or better
(Buy the Mar $65 call and sell the Mar $75 call, all in one trade)
Stop loss reference- Close below the 10-week EMA … Read More »
2014-06-02 Smart Money Report (CFX) (EWJ)
Smart Money Report
CFX- 4,000 July $67.50 puts were sold for $0.50-$0.55 each, against open interest of 6 contracts. Colfax trades at a P/E ratio of 22.67x (2015 estimates), PEG ratio of 0.97x (2015 estimates), 7.2% revenue growth, and has an average analyst price target of $75.
EPI- 15,000 June 27 weekly $22.50 calls were purchased for $0.35 each, against open interest of 414 contracts. Look for a retest of $23 in the near-term in the India equity ETF.
ESI- 1,500 July $19 calls were bought for $0.89 each, against open interest of 25 contracts. Typically trades 367 calls per day. Shares of ITT Educational Services are down 64% from the January highs.
EWJ- A rollout from 250,000 June 21 $11 calls (credit) into 250,000 July $11 calls (debit). Volume was above the open interest in the July $11 calls. The Japan equity ETF … Read More »
2014-04-24 Smart Money Report (AMZN) (SBUX)
Smart Money Report
AMZN- Amazon.com is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.24 in EPS and revenue of $19.4 billion. The options market is implying a $23.40 move, or 6.97%, in either direction through Friday’s close. Call to put ratio in (AMZN) options is currently 1.60, led by activity in the Apr. 25 weekly $360 calls and May 17 $350 calls. The stock has moved higher after earnings on five out of the last seven reports.
SBUX- Another notable report due after the bell will come from Starbucks. Analysts are looking for $0.56 in EPS and revenue of $3.9 billion. Option traders are pricing in a $2.42 move, or 3.42%, in either direction through Friday’s close. The call to put ratio in (SBUX) options is currently 2.02, led by a buyer of 658 May 17 … Read More »
2014-04-24 Unusual Options Activity (CHK) (EWJ)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call spread in Chesapeake Energy (CHK) and call buying in the iShares MSCI Japan ETF (EWJ).
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2014-04-09 Smart Money Report (PIR) (RAD)
Smart Money Report
PIR- Pier 1 Imports is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.41 in EPS and revenue of $517 million. The options market is implying a $1.20 move, or 6.59%, in either direction through Apr. options expiration. Call to put ratio in (PIR) options is currently 7.71:1, led by buying in the Apr. $18 and May $19 calls. The stock has closed higher on four out of the seven earnings reports.
RAD- Another retailer to report tomorrow morning is Rite Aid. Analysts are looking for $0.04 in EPS and revenue of $6.5 billion. Option traders are pricing in a $0.55 move, or 8.68%, in either direction through Friday’s close. The call to put ratio in (RAD) options is currently 1.94:1, led by buying in the Apr. 11 weekly 6.50 calls. The stock … Read More »
2014-04-09 Unusual Options Activity (EWJ) (YOKU)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in the Japan iShares ETF (EWJ) and a bull risk reversal in Youku Tudou (YOKU).
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