Unusual Options Activity
C- Roughly 20,000 Mar 2015 $52.50 calls were bought for $0.55-$0.70 each, against open interest of 9,485 contracts. The call to put ratio was 2:1 and call activity was 3x the average daily volume. This morning, Citigroup missed Q4 EPS and revenue estimates, sending shares lower. The stock is now coming in for a retest of the $46 support level that has held for nearly two years. Tangible book value of the company is now $56.83 per share.
CSCO- A likely rollout from 15,000 Mar 2015 $30 calls ($0.32 credit) into 15,000 Mar 2015 $28 calls ($0.96 debit) today. Volume was above the open interest in the Mar 2015 $28 calls. He/she is likely doing a roll down to get a higher delta on the trade and is willing to pay up for it. Q2 earnings are due out … Read More »
Don’t Give Up On Life Time Fitness Just Yet
My article on Life Time Fitness (LTM) for Seeking Alpha
Since early 2012, shares of Life Time Fitness (NYSE:LTM) have gone virtually nowhere, up just 3% from the January 2012 highs. Full year earnings were $2.60 per share two years ago, but while the stock price has been stagnant, earnings continue to trend higher. EPS is expected to be $3.01 this year and $3.33 in 2015. Top line growth has not been a problem either with revenue growing in the high single digits for the last few years (projected for a 7.4% increase to $1.40B in 2015 vs. $1.10B in 2012)…Click here to read the rest of my article on Life Time Fitness.