IMAX
2015-07-07 Options Report (GLW) (IMAX)
Options Report
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2015-07-07 Unusual Options Activity (ANAC) (ATVI)
Unusual Options Activity
Anacor Pharmaceuticals (ANAC)- There was another rollout from 1,000 July $80 calls ($7.80 credit) into 1,000 Aug $90/$120 bull call spreads ($11.60 debit). This same trade occured yesterday too. The maker of Kerydin (anti-fungal toenail treatment) had its price target raised to $80 from $70 at Jefferies on July 1st. They are upbeat about upcoming Phase 3 results out within the next month or so on AN2728.
Activision Blizzard (ATVI)- Over 3,200 Nov $26 calls were bought for $1.23. Today, Pacific Crest kept their overweight rating and upped the price target to $30 from $25.
Corning (GLW)- There was a rollout from 5,000 July 10 weekly $20 puts ($0.77 credit) into 7,500 July 10 weekly $19.50 puts ($0.40 debit). GLW is hitting new lows amide concerns in the semiconductor industry. The cell phone screen maker will report earnings on July 28th.
IMAX … Read More »
2015-04-27 Unusual Options Activity (AKS) (HRB)
Unusual Options Activity
AK Steel (AKS)- Another 2,000 June 19 $6 calls were purchased for $0.14, against open interest of 12,548 contracts (large buying in these on Friday). Earnings are due out tomorrow morning. The stock recently broke out of a multi-month downtrend.
H&R Block (HRB)- More than 4,000 July $35 calls were bought for $0.55-$0.60, against open interest of 1,916 contracts. On April 23rd, they said tax results through April 16th helped revenues increase even with fewer returns prepared. EBITDA margins are still projected to be around 30%.
IMAX Corp (IMAX)- 7,000 May $39 calls were purchased for $0.65-$0.80. This was tied to 200,000+ shares. Earnings are due out on April 30th (moved higher on 6 out of the last 7 reports). Large open interest remains in the June $33, $36, and $40 calls (not tied to stock in these instances).
Coca-Cola (KO)- … Read More »
2015-03-10 ORM Market Commentary (S&P 500 Nears Key Support Levels)
ORM Market Commentary
S&P 500 Nears Key Support Levels
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: A strong U.S. dollar and the start of the Euro Zone QE program on Monday ($1.2T program) are weighing on the currency. Given that this program could last until September 2016 or beyond (2% inflation target), it is not out of the question to see parity against dollar by the time their quantitative easing has ended.
Top Trade Idea Of The Night (IMAX)
Notes: The $2.3B movie … Read More »
2015-03-10 Options Report (ACM) (APD)
Options Report
(This Options Report 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.
Open Interest Updates From The Previous Trading Days Action
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 13,063 to 17,027 contracts (more buying yesterday).
Continental Resources (CLR)- Apr $40 put open interest went from 1,451 to 3,825 contracts (buying yesterday).
Louisana-Pacific (LPX)- May $16 put open interest went from 3,433 to 5,578 contracts (more buying as part of a rollout).
Macerich (MAC)- Apr $95 call open interest went from 4,958 to 11,374 contracts and Apr $105 call open interest went from 2,642 … Read More »
2014-07-29 Unusual Options Activity (GRPN) (IMAX)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Groupon (GRPN) and Imax (IMAX).
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2014-07-21 Smart Money Report (BIDU) (MCP)
Smart Money Report
BIDU- A rollout from 3,745 Sep $185 calls (credit) into over 3,000 Dec $200 calls (debit). Volume was above the open interest in the Dec $200 calls. Earnings are due out on 7/24. Baidu shares have moved higher after earnings on four straight reports. They beat EPS estimates last quarter by $1.20 and was revenues rise 59% year over year.
CSCO- More than 18,000 Sep $27 calls have traded with the majority being purchased for $0.44-$0.46 each, against open interest of 91,324 contracts. Cisco Systems earnings are due out on 8/13. RBC Capital maintained an outperform rating, but raised their price target to $28 from $24.
IMAX- Another 2,500 Aug $26 calls were bought for $0.55 each, against open interest of 4,480 contracts. The call to put ratio is 66:1. Call activity is over 2x the average daily volume. Over … Read More »
2014-07-21 Unusual Options Activity (CSCO) (IMAX)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Cisco Systems (CSCO) and IMAX (IMAX).
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2014-04-08 Smart Money Report (AA) (IMAX)
Smart Money Report
AA- Alcoa is set to announce Q1 earnings after the bell tonight. Analysts are looking for $0.05 in EPS and revenue of $5.6 billion. Option traders are pricing in a $0.65 move, or 5.18%, in either direction through Friday’s close. The put to call ratio in (AA) options is currently 1.01, led by a seller of 1,000 Sep. $13 straddles for a $2.20 credit and a buyer of 1,000 Apr. 11 weekly $13 calls for $0.20 each. The stock has dropped on five out of the last seven earnings reports.
AER- A rollout from 1,760 Apr. $35 calls (credit) into 1,760 May $40 calls (debit). Volume was above the open interest in the May $40 calls. Earnings are due out on 5/7.
IMAX- 4,282 Apr. $28 calls were purchased for $0.35 each, against open interest of 661 contracts. This was … Read More »
