Unusual Options Activity

Johnson & Johnson (JNJ)- 6,100 May 22 weekly $98.50 puts were sold for $1.23. They had a slight beat on Q1 results this morning, but they lowered FY15 EPS guidance on FX concerns.
JPMorgan Chase (JPM)- 5,500 May 22 weekly $61.50 puts were sold for $0.77. They beat Q1 EPS estimates by $0.05 today; equity market revenue was up 22%. The stock is breaking out above the $62 resistance level.
NetApp (NTAP)- Nearly 7,000 May 15 $36 calls were bought for $0.67-$0.82 in early trading (now more than 12,000 traded). Call activity was 8x the average daily volume as implied volatility spiked 10.6% to 24.78. NTAP has no major resistance until the 50-day EMA (currently at $37).
Skyworks Solutions (SWKS)- 2,500 May 15 $100 puts were bought for $7.10-$7.90. Earnings are due out on April 30th (shares have moved higher after … Read More »

Unusual Options Activity

BERY- Someone sold their 3,000 Mar 2015 $30 calls for $2.60 each, against open interest of 3,356 contracts. He/she bought those calls on November 10th for $0.70. Berry Plastics is set to report earnings on January 29th and the stock is currently up for the eight consecutive week.
C- The two largest single trades of the day in Citigroup were a seller of 6,900 Feb 13 weekly $48.50 puts for $0.65-$0.66 and then 11 minutes later a seller of 10,000+ Mar 20 $47 puts for $0.83-$0.84. Volume was above the open interest in the Feb 13 weekly $48.50 puts. The recent performance in U.S. treasuries has sent the stock down about 8% in less than a week. These big put sales are willing to step in ahead of earnings on January 15th (stock has moved higher after earnings on … Read More »

Smart Money Report

AAPL- A likely rollout from 76,000 Sep 20 $105 calls (credit) into 20,000 Sep 26 weekly $103 calls (debit). Volume was above the open interest in the Sep 26 weekly $103 calls. The call to put ratio in Apple is nearly 3:1.
AGCO- A rollout from 1,800 Feb 2015 $55 puts (credit) into 3,000 Feb 2015 $50 puts (debit). Volume was above the open interest in the Feb 2015 $50 puts. AGCO shares have been trending lower since October (making new lows this week).
JPM- 9,772 Jan 2015 $60 calls were bought for $2.15 each, against open interest of 89,466 contracts. Open interest has gone from 49,611 on 8/21 to 89,466 before today’s action. Roughly 40,000 were bought from 8/21-8/26.
RICE- The Jan 2015 $30/$35 call spread was put on 2,970 times for a $1.50 debit. Volume was below the open … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in JPMorgan Chase (JPM) and a put spread in the Market Vectors Russia ETF (RSX).

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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

GS- Goldman Sachs is set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $3.03 in EPS and revenue of $7.9 billion. The options market is implying a $4.05 move, or 2.43%, in either direction through Friday’s close. The call to put ratio is currently 1.13, led by a buyer of 1,900 July 19 $170 calls. They have beat EPS estimates over the last 10 quarters. However, the stock has fallen after earnings on five out of the last seven reports.
JPM- JPMorgan Chase is also set to release Q2 earnings before the bell tomorrow morning. Analysts are looking for $1.29 in EPS and revenue of $23.7 billion. The options market is implying a $1.24 move, or 2.20%, in either direction through Friday’s close. The call to put ratio is currently 2.11. The stock has … Read More »

Free Trade Of The Day Featuring JPMorgan Chase (JPM)

Notes: JPMorgan Chase (JPM) shares go ex-dividend on Tuesday, July 1st. The $0.40 dividend will be payable on Thursday, July 31st. They will report Q2 earnings on Tuesday, July 15th.

JPMorgan Chase (JPM) Options Trade Idea

Buy the (JPM) July 19 $57.50 call for $1.20 or better

Stop loss- None

1st upside target- $2.50

2nd upside target- $3.50

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Smart Money Report

JPM- J.P. Morgan Chase is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.41 in EPS and revenue of $24.6 billion. The options market is implying $1.23 move, or 2.13%, in either direction through Friday’s close. Put to call ratio in (JPM) options is currently 1.13, led by a buyer of 2,500 Jan. 2015 $62.50 calls for $2.35 each.
WFC- Another large bank that will report in the morning is Wells Fargo. Analysts are looking for $0.96 in EPS and revenue of $20.6 billion. Option traders are pricing in a $0.97 move, or 2.01%, in either direction through Friday’s close. The put to call ratio in (WFC) options is currently 1.23, led by activity in the Apr. 19 $48 and $48.50 puts.
DXJ- The Aug. $40.38/$50.38 bull risk reversal was put on 4,400 times … Read More »

Smart Money Report

APD- A rollout from 3,978 Mar. $120 calls (credit) into 3,500 Apr. $120 calls (debit). Volume was above the open interest in the Apr. $120 calls. 9k Jan. 2015 $135 calls were bought for $3.90 each yesterday.
JPM- 5,599 Apr. 11 weekly $55.50 puts were sold for $0.52 each, against open interest of 130 contracts. Earnings are due out on 4/11.
VMW- 4,797 Apr. $100 puts were purchased for $1.80 each, against open interest of 531 contracts.
YNDX- 4k Jan. 2015 $30 puts were sold for $4.65 each, against open interest of 602 contracts.
FB- Facebook shares are on pace to close below the middle Bollinger Band (20-day SMA) for the first time since January, down 2.69% today. The call to put ratio in (FB) options is currently 1.29, led by a buyer of 4,884 Apr. 2014 $67.50 puts for $2.55 each.

Free … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a call rollout in Air Products and Chemicals (APD) and put selling in J.P. Morgan Chase (JPM).

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Smart Money Report

FB- Facebook will report Q4 earnings after the bell tonight. Analysts are looking for $0.27 in EPS and revenue of $2.3 billion. The options market is implying a $6.00 move, or 11.10%, in either direction through Friday’s close. Call to put ratio in (FB) options is currently 1.79.
QCOM- QUALCOMM will also be releasing Q1 earnings tonight. Analysts are looking for $1.18 in EPS and revenue of $6.7 billion. Option traders are pricing in a $2.91 move, or 4.07%, in either direction through Friday’s close. The call to put ratio in (QCOM) is 1.74, led by a buyer of 5,700 Apr. 2014 $72.50 /$75 call spreads for a $0.98 debit.
RIO- 2,737 Mar. $57.50 calls were bought for $0.70 each, against open interest of 50 contracts. Earnings are due out on 2/13.
SMH- 5k Feb. $41 puts were purchased for $0.70 each, against … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight weekly call buying in J.P. Morgan Chase (JPM) and put buying in Market Vectors Semiconductor (SMH).

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Smart Money Report

EXPR- Express is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.25 in EPS and revenue of $500 million. Options traders are pricing in a $2.55 move, or 10.34%, in either direction through December options expiration. The call to put ratio in (EXPR) options is currently 1.48, led by a buyer of 158 Dec. $25 calls for $1.15 each.
JPM- 6,000 Jan. 2014 $55 calls were bought for $2.50 each, against open interest of 79,234 contracts.
LCC- 16k June 2014 $30 calls were purchased for $0.66 each, against open interest of 735 contracts.
LPI- 1,950 Apr. 2014 $30 calls were bought for $1.70 each, against open interest of 300 contracts.
AAPL- Apple shares are on pace to close at a new high for 2013, rising 1.79% today. The call to put ratio in (AAPL) options is … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight upside call buying in J.P. Morgan Chase (JPM) and US Airways (LCC).

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Smart Money Report

BID- Sotheby’s will report Q3 earnings after the bell tonight. Analysts are looking for $0.47 in EPS and revenue of $70.3 million. The options market is implying a $3.45 move, or 6.69%, in either direction through Friday’s close. Call to put ratio in (BID) options is currently 1.69.
DISH- DISH Network is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.43 in EPS and revenue of $3.6 billion. Options traders are pricing in a $2.70 move, or 5.65%, in either direction through Friday’s close. The call to put ratio in (DISH) options is 1.35. The two largest option trades in (DISH) were a buyer of 900 Jan. 2014 $55 calls for $0.80 and a seller of 900 Nov. $47 puts for $0.95 each.
ARO- A rollout from 7,000 Nov. $9 puts (credit) into 7,000 Dec. $9 puts … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a large put rollout in Aeropostale (ARO) and  a call rollout in J.P. Morgan Chase (JPM).

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 Free Trade of the Day
Lumber Liquidators (LL)

Lumber Liquidators (LL) Options Trade Idea

Buy the (LL) Sep. $95/$100 Call Spread for a $1.95 debit or better

(Buying the Sep. $95 Call and selling the Sep. $100 Call, all in one trade)

Stop loss- None

Upside target- $4.00-$5.00

Updates: J. P. Morgan Chase (JPM) shares dropped 0.57% on Friday, still not giving off the buy signal. (See Thursday’s Free Trade of the Day for more information)

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