Weekend Market Update
Stocks Retrace From Record Highs After Jobs Report
Notable List Of Equities/ETFs I’m Tracking With Unusual Options Activity
Applied Materials (AMAT)- Massive open interest in the Apr 17 (monthly expiration) $23-$27 calls due to call purchases and bull call spreads in recent months. A buyer of 13,300 Apr 17 $25 calls for $0.75 each on February 3rd sent open interest above the 100,000 mark.
Air Products & Chemicals (APD)- A rollout from 2,460 June $145 calls ($13.70 credit) into 2,460 Sep $155 calls ($9.50 debit) on February 25th. Trader took profits on the June calls, but still sees upside north of $165 by September options expiration.
Boardwalk Pipeline Partners (BWP)- A rollout from 125,000 Mar $17 calls ($0.65 credit) into 45,000 Sep $18 calls ($1.70 debit) on February 19th and a rollout from 15,000 Jan 2015 $16 calls ($0.75 credit) … Read More »
Smart Money Report
QIHU- Qihoo 360 Technology will report Q3 earnings before the bell on Monday morning. Analysts are looking for $0.37 in EPS and revenue of $182 million. Option traders are pricing in a $8.85 move, or 10.12%, in either direction through next Friday’s close. The call to put ratio in (QIHU) options is 2.80, led by a seller of 714 Nov. 29 weekly $85 calls for $4.60 each.
EWZ- The Dec. $50/$52.50 call spread was put on 10k times for a $0.47 debit. Volume was above the open interest in the Dec. $52.50 calls.
HD- A possible rollout from 5,500 Jan. 2014 $80 calls (credit) into 5,500 Jan. 2014 $82.50 calls (debit). Volume was below the open interest in both options.
JNK- 12,328 Jan. 2014 $37.74 puts were bought for $0.15 each, against open interest of 888 contracts.
AAPL- Apple shares are down … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in Home Depot (HD) and a call spread in the Brazil iShares ETF (EWZ).
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Smart Money Report
CVX- Chevron will report Q3 earnings before the bell tomorrow morning. Analysts are looking for $2.80 in EPS and revenue of $58.4 billion. The options market is implying a $1.53 move, or 1.27%, in either direction through Friday’s close. Call to put ratio in (CVX) options is currently 2.02.
FSLR- First Solar is set to release Q3 results after the bell tonight. Analysts are looking for $0.95 in EPS and revenue of $981 million. Options traders are pricing in a $5.19 move, or 10.14%, in either direction Friday’s close. The call to put ratio in (FSLR) options is 1.16.
DIA- 9,579 Dec. $158 calls were purchased for $1.32 each, against open interest of 1,403 contracts.
EWZ- 48,907 Jan. 2014 $45 puts were bought for $0.68 each, against open interest of 44,234 contracts.
LCC- 9,875 Dec. $23 calls were sold for $1.15 each, … Read More »