2014-07-08 Smart Money Report (CPN) (GNC)
Smart Money Report
CPN- Large buying in the Jan. 2015 $20 and $21 calls today. Volume was above the open interest in both options. The call to put ratio was 104:1. Call activity was 10x the average daily volume. Net call premium was +$421K vs. net put premium of +$2K. Calpine will release earnings on 8/1.
GNC- 2,000 Sep. $37.50 calls were purchased for $1.35 each, against open interest of 1,533 contracts. Earnings are due out on 7/24. The call to put ratio was 100:1. Call activity was 4x the average daily volume. Net call premium was +$276K vs. net put premium of +$584. Implied volatility rose 2.7% to 37.18. The long-term downtrend remains intact. GNC Holdings trades at a P/E ratio of 10.15x (2015 estimates), PEG ratio of 0.70x (2015 estimates), 6.9% revenue growth, P/S ratio of 1.18x, 1.81% dividend yield, … Read More »
2014-06-24 Smart Money Report (MEOH) (USO)
Smart Money Report
AAPL- A rollout from 1,397 Aug. 16 $89.29 calls (credit) into 1,397 Jan. 2015 $90/$100 call spreads (debit). Volume was below the open interest in all three options. The call to put ratio is over 2:1.
AMAT- A rollout from 8,500 Jan. 2015 $20 calls (credit) into 14k Jan. 2015 $24 calls (debit). Volume was below the open interest in both options. There was a similar rollout yesterday.
IGT- A rollout from 5,000 July $16 calls (credit) into 3,550 Aug. $16 calls (debit). Volume was above the open interest in the Aug. $16 calls. Earnings are due out on 7/22. They are looking to sell the company too (announced recently).
MEOH- The Jan. 2015 $57.50/$67.50 bull risk reversal was put on 2,500 times for a $0.95 debit. Volume was above the open interest in both options. Option activity is nearly 7x the … Read More »
4/22-4/23 Earnings Previews (R) (SWKS)
DFS Earnings Preview- Highlighted buying in the July $65 calls earlier today. Call to put ratio at 3:1. Stock put in a higher low on the weekly chart over the past two weeks and has moved higher after earnings on the past two reports. Average analyst price target of $63.50.
FTI Earnings Preview- Over 1,500 May $57.50 calls were bought for $0.65-$0.80 each today ahead of earnings tonight. Typically trades 275 calls per day. Call to put ratio is 13:1. This oil related services & equipment company has no major resistance until the $58-$60 level. Trades at a forward PEG ratio of 0.92x (2014 estimates), 8.7% revenue growth, and has an average analyst price target of $62. The stock has moved lower on the last three reports, but has moved higher on three of the four reports before then.
IGT Earnings … Read More »
2013-11-05 Smart Money Report (TSLA) (Z)
Smart Money Report
TSLA- Tesla Motors is set to announce Q3 earnings after the bell tonight. Analysts are looking for $0.10 in EPS and revenue of $535 million. The options market is implying a $21.00 move, or 12.10%, in either direction through Friday’s close. Call to put ratio in (TSLA) options is currently 1.31.
Z- Zillow will also be releasing Q3 results tonight after the bell. Analysts are looking -$0.08 in EPS and revenue of $51.4 million. Options traders are pricing in a $8.30 move, or 10.20%, in either direction through Friday’s close. The put to call ratio in (Z) options is 1.29.
BBRY- 7k Feb. 2014. $6 calls were purchased for $1.32 each, against open interest of 11 contracts.
IGT- 6,000 Nov. $19 puts were sold for $0.90 each, against open interest of 2,259 contracts. Earnings are due out on 11/07.
AAPL- Apple shares … Read More »
2013-11-05 Unusual Options Activity (BBRY) (IGT)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a large put seller in International Game Technology (IGT) and big call buying in BlackBerry (BBRY).
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