MRO
2015-07-29 Options Report (HEDJ) (MRO)
Options Report
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2015-07-29 Unusual Options Activity (CNW) (GNC)
Unusual Options Activity
Con-way (CNW)- Nearly 4,000 Sep $40 calls were bought for $1.05-$1.55. Typically trades 85 calls per day. Earnings are due out tonight.
GNC Holdings (GNC)- There was a likely rollout from 7,000 Jan 2016 $47.50 calls ($1.70 credit) into 7,000 Jan 2016 $42.50 calls ($3.70 debit). Earnings are due out tomorrow morning. Shares are nearing a retest of the April post-earnings lows. On May 1st, 7,500 Jan 2017 $47.50 calls were bought for $6.20 and on May 22nd, the Sep $42.50/$47.50 bull risk reversal was put on 2,500 times for a $0.45 debit.
WisdomTree Europe Hedge Equity Fund (HEDJ)- Another 5,000 Feb 2016 $65 calls were bought for $3.10, against open interest of 66,207 contracts. Over 70,000 were bought since June 29th. The top holdings include Anheuser-Busch, Telefonica, Siemens, and Daimler.
Marathon Oil (MRO)- There was sizable buying in the Aug … Read More »
2015-05-04 Options Report (MRO) (SFUN)
Options Report
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2015-05-04 Unusual Options Activity (CVC) (GE)
Unusual Options Activity
Cablevision Systems (CVC)- 6,000+ Sep $20 calls were purchased for $1.55-$1.80. Call activity was 8x the average daily volume. They topped Q1 earnings and revenue estimates this morning. Average monthly RPC rose 4.8% to $155.34.
Express Scripts (ESRX)- Over 2,000 Aug $95 calls were bought for $1.50-$1.64. There was sizable June and July call buying last week. They recently announced an accelerated $5.5B share repurchase program and are rumored to a potential acquirer of Omnicare.
General Electric (GE)- There was sizable buying in the June 19 $28 calls (22,000+ traded) and Sep $28 calls (7,000 + traded). Volume was below the open interest in both options. My article on (GE) from April for TraderPlanet
Marathon Oil (MRO)- 6,000 May 8 weekly $30 puts were purchased for $0.20-$0.23. Earnings are due out on May 6th (shares have dropped on 5 straight reports).
SouFun … Read More »
2015-03-13 Weekend Market Update (The Japanese Equity Rally Persists)
Weekend Market Update
The Japanese Equity Rally Persists
Today’s ORM Market Commentary is an example of what will be included in my ORM Equity/Option Trader Subscription Service for $9.99 per month. Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
Notes: Almost 5,000 Mar $39 calls were bought during the first two hours of trading on March 5th (majority for $0.80 each). As these calls have dropped, 2,000+ were bought today for $0.45-$0.55 each. Not to mention there were sizable purchases in the May $40 (3,100+ traded) and July $38 calls (1,200+ traded) for $1.10-$1.25 and $2.69-$2.70, respectively. The $6.7B home security company trades at a P/E ratio of 17.59x (Sep16 estimates) with 6.2% EPS growth, price … Read More »
2014-12-01 Smart Money Report (LGF) (XOP)
Smart Money Report
AAL- A likely rollout from 3,500 Dec 5 weekly $46.50 calls (credit) into 4,880 Dec 5 weekly $48.50 calls (debit). Volume above the open interest in the Dec 5 weekly $48.50 calls. My article on American Airlines from Thursday
LGF- 7,000 Dec $37 calls were bought for $0.40 each, against open interest of 12,306 contracts. There was large buying in these Lions Gate Entertainment calls on November 20th. Implied volatility initially rose 9.4% to 38.66. Shares of (LGF) are now retesting the $35-$36 resistance level.
MRO- A rollout from 2,000 Dec 20 $31 puts (credit) into 3,500 Jan 17 2015 $27 puts (debit). Volume was above the open interest in the Jan 17 2015 $27 puts. This trader is taking profits on the December Marathon Oil puts and is extending the trade an additional month with expectations of new lows … Read More »
2013-10-05 Free Trade of the Day (MRO)
Free Trade of the Day
Marathon Oil (MRO)
Notes: Marathon Oil (MRO) is set to announce Q3 earnings on Monday, November 4th. On Friday, there was large buying in the Oct. $35 calls, led by a block of 2,000 for $0.60.
Marathon Oil (MRO) Options Trade Idea
Buy the (MRO) Oct. $35 Call for $0.55 or better
Stop loss- $0.25
Upside target- $2.00
Updates: General Motors (GM) shares rose 1.16% on Friday, confirming support at the 100-day simple moving average. While shares of Freeport McMoran Copper & Gold (FCX) pushed to a high for the week, adding 2.33% yesterday.
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