10 Stocks With Unusual Options Activity (JWN, BBRY, JBLU, & more)

It’s time to review several stocks that had unusual options activity over the last week. Although traders can never be sure why these trades take place (and who’s making them), I believe it’s important to be aware of notable options activity as an indicator for directional bias.

Here’s a weekly recap of 10 stocks that had unusual options activity and what, if any, significance these trades may have.

Unusual Options Activity: 10 Stocks With Notable Trades

TUESDAY

Pinnacle Foods (NYSE:PF) – 1,300+ Feb 17 2017 $57.50 calls traded with the majority being bought for $0.55. Last January, Pinnacle acquired the health food company, Boulder Brands, for $975M. The deal has not just contributed to top line results, but is likely to add $0.08-$0.10 per share to FY 2016 earnings.

PF shares have steadily been trending upward since going public in 2013. … Read More »

Smart Money Report

JWN- Nordstrom will report Q4 earnings after the bell tonight. Analysts are looking for $1.34 in EPS and revenue of $3.7 billion. The options market is implying a $2.70 move, or 4.54%, in either direction through Friday’s close. Call to put ratio in (JWN) options is 4.03, led by a buyer of 4,634 Feb. $62.50 calls for $0.17 each. The stock has fallen on the next day after earnings for the past five quarters.
PCLN- Priceline.com will also be releasing earnings tonight. Analysts are looking for $8.29 in EPS and revenue of $1.5 billion. Options traders are pricing in a $75.80 move, or 5.92%, in either direction through Friday’s close. The call to put ratio in (PCLN) options is currently 1.04. The stock has risen on the next day after earnings for the past five quarters.
AUDC- Over 5k Mar. … Read More »

Smart Money Report

AMAT- Applied Materials will report Q4 earnings after the bell tonight. Analysts are looking for $0.18 in EPS and revenue of $2.0 billion. The options market is implying a $0.68 move, or 3.87%, in either direction through Friday’s close. Put to call ratio in (AMAT) options is currently 1.37.
JWN- Nordstrom will also release quarterly results tonight. Analysts are looking for $0.66 in EPS and revenue of $2.9 billion. Options traders are pricing in a $2.68 move, or 4.21%, in either direction through Friday’s close. The put to call ratio in (JWN) options is 1.40.
FOXA- 17k Dec. $35 calls were bought for $0.60 each, against open interest of 22,657 contracts.
OAS- The Feb. 2014 $35/$55/$65 bull call spread risk reversal was put on 3,000 times for a $1.40 debit. Volume was above the open interest in all three options.
AAPL- Apple … Read More »

Smart Money Report

AMAT- Applied Materials will report Q3 earnings after the bell tonight. Analysts are looking for $0.19 in EPS and revenue of $2.1 billion. Options traders are pricing in a $0.67 move, or 4.35%, in either direction. The put to call ratio in the Aug. options is in favor of the bears at 1.73.
JWN- Nordstrom will also release their earnings tonight. Analysts are looking for $0.88 in EPS and revenue of $3.3 billion. The options market is implying a $2.03 move, or 3.42%, in either direction. Call to put ratio in the Aug. options is currently 1.57.
AGO- 5k Jan. 2014 $24 calls were bought for $0.94-$0.95 each, against open interest of 7,393 contracts. Check the open interest in morning for confirmation of new buying.
DHI- 3,500 Nov. $21 calls were purchased for $0.51-$0.52 each, against open interest of 447 contracts. DR Horton … Read More »