ORM Market Commentary
Small Cap And Transportation Stocks Are Catching A Bid
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Notes: Since most companies in the Russell 2000 have a majority or all of their revenues from U.S. operations they don’t have the negative impact (or not as directly) of a sharp rise in the U.S. dollar.
iShares Russell 2000 ETF (IWM) Options Trade Idea
Sell the (IWM) Apr 17 $116/$117 bull put spread for a $0.20 credit or better
(Sell the Apr 17 $117 put and buy the Apr … Read More »
Smart Money Report
DLPH- 950 Feb. $65 calls were purchased for $0.60 each, against open interest of 143 contracts. Earnings are due out during the first week of February.
EWY- The Feb. $60/$63 strangle was sold 5k times for a $2.42 credit. Volume was above the open interest in both options. He/she thinks the South Korean ETF will remain between $60 and $63 through Feb options expiration.
GPOR- Sizable buying in the Jan. $52.50 and $57.50 puts. Volume was above the open interest in both options. There was a large buyer of 3,000 Feb. $62.50 puts for $4.30 each on 12/31. Also, later today there was a seller 3,800 Apr. $65 calls were sold for $4.10 each, against open interest of 6,235 contracts.
IWM- 7k Feb. $114 calls were bought for $3.07 each, against open interest of 8,088 contracts. Short-term support in the small … Read More »
Smart Money Report
WFC- Wells Fargo is set to announce Q3 earnings tomorrow morning. Analysts are looking for $0.97 in EPS and revenue of $21.0 billion. Options traders are pricing in a $0.98 move, or 2.38%, in either direction through tomorrow. The call to put ratio in (WFC) options is currently 1.80. According to earningswhispers.com, the whisper number for tonight is $1.02 in EPS.
CHMT- The Dec. $25 straddle was sold 5,000 times for a $3.40 credit. Volume was above the open interest in both options.
IWM- 30k Oct. $102 puts were bought for $0.28 each, against open interest of 92,207 contracts.
RAX- 3,500 Nov. $42.50 puts were bought for $1.70 and 2,500 Nov. $37.50 puts were sold for $0.60, creating a bear put spread. Volume was above the open interest in both options.
SE- 3,500 Jan. $36 calls were bought for $0.54 each, … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight large call buying in Spectra Energy (SE) and put buying in the Russell 2000 ETF (IWM).
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