Unusual Options Activity

Applied Materials (AMAT)- The July $25/$30 bull call spread was put on 5,373 times for a $0.77 debit. Volume was below the open interest in both options. The company has a pending merger with Tokyo Electron that will be headquartered in the Netherlands (tax inversion, synergies).
Idera Pharmaceuticals (IDRA)- 2,500 Apr $3.50 calls were purchased for $0.35. Call activity was 4x the average daily volume. They were granted orphan drug designation for IMO-8400 yesterday. IMO-8400 is for the treatment of diffuse large B-cell lymphoma.
Intel (INTC)- Over 8,000 Apr 10 weekly $32 calls were bought for $0.14, against open interest of 5,957 contracts. Today, they announced their annual shareholder meeting will be on May 21st. Intel is also rumored to be interested in acquiring Altera.
Staples (SPLS)- The Jan 2017 $13/$17/$22 bull call spread risk reversal was put on 5,000 times … Read More »

Options Report

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Open Interest Updates From The Previous Trading Days Action

AECOM (ACM)- June $27.50 put open interest went from 3,632 to 8,398 contracts (more buying yesterday).
Air Products & Chemicals (APD)- Apr $140 put open interest went from 2,077 to 4,280 contracts (selling as part of a bull risk reversal yesterday).
Atmel (ATML)- Apr $9 call open interest went from 3,309 to 5,246 contracts (buying yesterday).
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 17,027 to 18,663 contracts (more buying).
Anheuser Busch Inbev SA … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in Applied Materials (AMAT) and a call rollout in Intel (INTC).

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Smart Money Report

ATML- Nearly 2,500 Aug $9 calls were purchased for $0.25 each, against open interest of 12,039 contracts. Earnings are due out tomorrow night. There was large buying in these calls on 7/23. The stock has dropped after earnings on 5 out of the last 7 reports, but it is down about $1 from where it was last month. Atmel trades at a P/E ratio of 13.82x (2015 estimates) with 40.9% EPS growth (63% this year), 8.7% revenue growth (5.5% this year), P/S ratio of 2.53x, P/B ratio of 3.91x, and has an average analyst price target of $9.63.
CCJ- More than 2,000 Sep 20 $21 calls were purchased for $0.25 each, against open interest of 1,903 contracts. The stock is nearing a retest of $19 level. Cameco trades at a P/E ratio of 18.59x (2015 estimates) with 31.6% EPS … Read More »

Smart Money Report

AAP- The Aug 1×2 $125/$130 ratio call spread was put on 2,750 times for a $0.70 debit. Volume was above the open interest in both options. Earnings are due out on 8/14. This is likely done against a long stock position to add leverage without adding any additional shares. The stock has moved lower after earnings on 4 out of the last 7 reports (up on the last 2 reports).
DLTR- A rollout from 5,000 Aug $57.50 calls (credit) into 5,000 Sep $57.50 calls (debit). Volume was above the open interest in the Sep $57.50 calls. Earnings are due out on 8/21. There was sizable buying in the Aug $57.50 calls yesterday.
INTC- 18,500 Aug 16 $34 calls were bought for $0.59 each, against open interest of 30,652 contracts.
SODA- The Sep 20 $30/$35 bull risk reversal was put on 5,000 … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in Intel (INTC) and a bull risk reversal in Sodastream International (SODA).

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Smart Money Report

BTU- 10,000 Aug. 16 $17 calls were bought for $0.29 each, against open interest of 1,008 contracts. Earnings are due out on 7/22.
CL- A rollout from 6,508 Aug. $70 calls (credit) into 6,508 Aug. $72.50 calls (debit). Volume was below the open interest in both options.
FOXA- The Jan. 2016 $28/$40 bull risk reversal was put on 20,000 times for a $0.35 debit. Volume was above the open interest in both options. They bought the $40 calls and sold the $28 puts.
INTC- 40,000 Oct. $33 calls were sold for $1.48 each, against open interest of 82,345 contracts. 75,000 were bought for $0.27 on 6/13 as part of a rollout from 25,000 Oct. $30 calls.
JPM- Another 10,000 Jan. 2015 $65 calls were bought for $0.44 each, against open interest of 50,636 contracts. 10,000 were bought yesterday as well.

Summer Sale: From … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call selling in Intel (INTC) and call buying in JPMorgan Chase (JPM).

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Smart Money Report

BAC- Bank of America is set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $0.29 in EPS and revenue of $21.6 billion. The options market is implying a $0.48 move, or 3.06%, in either direction through Friday’s close. The call to put ratio is currently 2.06, led by a buyer of 6,732 Aug. 16 $15 calls for $0.94 each. Shares of Bank of America have moved higher after earnings on three out of the last four reports. On 7/7, Oppenheimer maintained an outperform rating, but raised their price target to $20 from $19.
INTC- Intel is set to release Q2 earnings after the bell tonight. Analysts are looking for $0.52 in EPS and revenue of $13.7 billion. The options market is implying a $1.03 move, or 3.28%, in either direction through Friday’s close. The … Read More »

Smart Money Report

FCX- Roughly 5,500 Sep. $39 calls have traded today with the majority being bought for $1.33-$1.39 each, against open interest of 2,723 contracts. Earnings are due out on 7/23. My article from 7/3 on Freeport-McMoRan Copper & Gold for TraderPlanet.
GILD- Large buying in the Aug. 16 $85 and $87.50 puts this morning. Volume was above the open interest in the Aug. 16 $87.50 puts. Earnings are due out on 7/23. Net put premium was +$1.7M vs. net call premium of +$24K in early trading.
HES- 5,000 Aug. $92.50 puts were sold for $0.67 each, against open interest of 767 contracts. Earnings are due out on 7/30. There has been continued  bullish options activity in Hess recently via call buying and put selling.
INTC- Roughly 10,000 July 19 $32 calls were purchased for $0.19-$0.23 each, against open interest of 13,754 contracts. … Read More »

Smart Money Report

GLD- 20,474 Dec. $130 calls were bought for $4.30 each, against open interest of 526 contracts.
INTC- 5k July $23 puts were purchased for $0.94 each, against open interest of 3,956 contracts.
NOV- 19,500 Aug. $75 calls were sold for $4.55 each, against open interest of 356 contracts.
TIVO- 5k May $13 calls were sold for $0.65 each, against open interest of 1,803 contracts. Earnings are due out on 2/26.
AAPL- Apple shares are bucking the trend in the overall market today, currently above the $500 level and in positive territory. The Relative Strength Index (RSI) is near the September lows, which is where the stock bottomed out. The call to ratio in (AAPL) options is still below average at 1.20.

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 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in the SPDR Gold Trust Shares (GLD) and put buying in Intel (INTC).

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Smart Money Report

INTC- Intel will report Q4 earnings after the bell tonight. Analysts are looking for $0.52 in EPS and revenue of $13.7 billion. The options market is implying a $1.12 move, or 4.21%, in either direction though Friday’s close. Call to put ratio in (INTC) options is 1.27, led by a buyer of 18,820 July $25 puts for $1.12 each.
MS- Morgan Stanley is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.46 in EPS and revenue of $8.0 billion. Options traders are pricing in a $1.08 move, or 3.41%, in either direction through Friday’s close. The call to put ratio in (MS) options is 2.18, led by a seller of roughly 7k Jan. $31/$32 strangles for a $0.65 credit.
CNX- 3k Apr. $38 puts were sold for $2.18 each, against open interest of 509 … Read More »

 Smart Money Report

C- Citigroup will report Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.97 in EPS and revenue of $18.3 billion. The options market is implying a $1.23 move, or 2.24%, in either direction through Friday’s close. Call to put ratio in (C) options is currently 1.35.
CSX- CSX is set to announce Q4 earnings after the bell tonight. Analysts are looking for $0.43 in EPS and revenue of $3 billion. Options traders are pricing in a $1.45 move, or 5.01%, in either direction through Friday’s close. The call to put ratio in (CSX) options is 1.56, led by a buyer of 1,500 May 2014 $27.50/$30 strangle for a $1.59 debit.
BRFS- 4,600 June $20 calls were purchased for $1.35 each, against open interest of 125 contracts.
INTC- The Feb. $26/$27 straddle was put on 10k times for a … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a strangle in Intel (INTC) options and put selling in T-Mobile US (TMUS).

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Smart Money Report

ASNA- Ascena Retail Group will report Q1 earnings after the bell tonight. Analysts are looking for $0.32 in EPS and revenue of $1.2 billion. The options market is implying a $2.05 move, or 9.79%, in either direction through December options expiration. Call to put ratio in (ASNA) options is currently 1.77.
KKD- Krispy Kreme Doughnuts will also releasing earnings results this afternoon as well. Analysts are looking for $0.15 in EPS and revenue of $115 million. Options traders are pricing in a $3.20 move, or 13.03%, in either direction through December options expiration. The put to call ratio in (KKD) options is 1.17.
BX- 10k Jan. 2014 $28 puts were bought for $0.59-$0.70 each, against open interest of 1,041 contracts.
FLR- 2,000 Jan. 2014 $72.50 puts were sold for $0.70 each, against open interest of 419 contracts.
INTC- 5,500 Apr. 2014 $25 … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in Intel (INTC) and put buying in Blackstone Group (BX).

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Smart Money Report

AZO- AutoZone is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $10.37 in EPS and revenue of $3.1 billion. Options traders are pricing in a $21.65 move, or 5.25%, in either direction through October options expiration. The put to call ratio is in favor of the bears at 1.11.
INTC- Roughly 20k Oct. $25 calls were bought this morning for $0.13-$0.15 each, against open interest of 86,250 contracts. Check the open interest in the morning for confirmation of new buying.
NWSA- 1,500 Nov. $17 calls were purchased for $0.65-$0.7o each, against open interest of 6 contracts. Shares of News Corp are up 2.84% on the day.
AAPL- Apple shares have since given back gains from this morning and are now down by 0.19%. The call to put ratio in the Sep. 27 weekly options is 1.38, … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight large call buying in Intel (INTC) and News Corp. (NWSA).

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Smart Money Report

DAL- 3,000 Oct. $22 puts were sold for $0.83 each, against open interest of 337 contracts. He/she thinks Delta Air Lines shares will stay above the $22 level through October options expiration.
FB- Over 27k Sep. $44 puts have traded with the majority being bought on the offer, against open interest of 7,464 contracts. Shares of Facebook are down by 0.81%.
INTC- The Oct. $20/$22 put spread was put on 50k times for a $0.18 debit. Volume was below the open interest in both options. Check the open interest on Monday morning for confirmation of new buying.
AAPL- Apple shares are underperforming the overall market today, falling 1.55%. The call to put ratio in the September options is 1.84, led by activity in the $470, $475, and $480 calls.

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