Unusual Options Activity

AMD- Roughly 60,000 Feb 20 $2.50 puts were bought for $0.16-$0.17 each, against open interest of 680 contracts. Put activity was nearly 7x the average daily volume and the put to call ratio was 38:1. Advanced Micro Devices reports Q4 earnings on January 20th (the stock has fallen after the results on 5 out of the last 7 reports). EPS estimates for 2014 and 2015 are still on the decline ($0.15 to $0.09 in three months for 2015). Revenue is likely to shrink nearly 6% this year to under $5.2B. On December 30th, Citigroup initiated the stock with a sell rating.
COF- The Feb $72.50/$77.50 bear put spread was put on 2,000 times for a $1.10 debit today. Volume was above the open interest in both options. Put activity was 4x the average daily volume and the put to … Read More »

Lincoln National Is About to Regain Its Momentum

My article on Lincoln National (LNC) for TheStreet.com.