LB
2015-07-09 Options Report (CONN) (LB)
Options Report
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2015-07-09 Unusual Options Activity (SNDK) (SVU)
Unusual Options Activity
Conn’s (CONN)- The 1×2 Aug $45/$50 ratio call spread was put on 5,000 times for a $0.45 debit. They are still in recovery mode. They reported June sales were up 11.9% today and named a new CFO.
Limited Brands (LB)- 2,000 Aug $80.50 puts were sold for $1.35-$1.39. They reported June sales rose 3% this morning (Victoria’s Secret only +1%). After the results Mizuho reiterated their buy rating on the stock.
SanDisk (SNDK)- 6,922 July 24 weekly $50 puts were bought for $0.89. Earnings are due out on July 22nd (shares have dropped after earnings on 4 consecutive reports). Samsung and AMD’s weak Q2 outlook are concerning for the company’s near-term earnings.
SUPERVALU (SVU)- Over 5,000 Aug $8 calls were purchased for $0.37-$0.45. Call activity was 7x the average daily volume. Earnings are due out on July 28th.
Swift Transportation (SWFT)- 25,500 … Read More »
2014-02-03 Smart Money Report (KORS) (YUM)
Smart Money Report
KORS- Michael Kors will report Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.86 in EPS and revenue of $861 million. The options market is implying a $7.85 move, or 10.16%, in either direction through Friday’s close. Call to put ratio in (KORS) options is currently 1.22.
YUM- Yum Brands is set to announce Q4 earnings after the bell tonight. Analysts are looking for $0.80 in EPS and revenue of $4.3 billion. Option traders are pricing in a $4.40 move, or 6.64%, in either direction through Friday’s close. The call to put ratio in (YUM) options is 1.15.
LB- The Jan. 2015 $42/$52/$62 bull call spread risk reversal was put on 4k times for a $0.85 debit. Volume was above the open interest in all three options. Earnings are due out on 2/26.
OUTR- The Mar. $50/$60 put … Read More »
2014-02-03 Unusual Options Activity (LB) (OUTR)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a bull call spread risk reversal in L Brands (LB) and a put spread in Outerwall (OUTR).
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