MU
2015-07-14 Options Report (BBBY) (MU)
Options Report
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2015-07-14 Unusual Options Activity (ASML) (X)
Unusual Options Activity
ASML Holding (ASML)- 3,000 July $100 puts were bought for $1.25-$1.45. Put activity was 5x the average daily volume. Shares have recovered in the last week, but it is struggling to regain the 100-day SMA ahead of earnings tomorrow morning.
Bed Bath & Beyond (BBBY)- The 1×2 Nov $67.50/$60 ratio put spread was put on 3,350 times for a $1.60 debit. Whether it has been their quarterly results or their FY outlook as of late, BBBY has found a way to disappoint investors in recent reports. On June 25th, Telsey Advisory reiterated their underperform rating and a $65 price target.
Micron Technology (MU)- The 1×2 Jan 2016 $20/$25 ratio call spread was put on 6,500 times for a $0.92 debit. There were reports last night that Tsinghua Unigroup is offering $21 per share to acquire to the company.
United States Steel … Read More »
2015-04-22 Options Report (BBY) (MU)
Options Report
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2015-04-22 Unusual Options Activity (MA) (V)
Unusual Options Activity
Best Buy (BBY)- Roughly 2,700 May 15 $35.49 puts were bought for $0.74-$0.76. Earnings are due out in late May. The stock had been trading in an uptrend for about a year, but is starting to rollover.
BioDelivery Sciences International (BDSI)- The Dec $7.50/$10/$15 bull call spread risk reversal was put on 2,500 times for a $0.40 debit. Wells Fargo said Endo is likely to go after another deal after losing Salix Pharmaceuticals and named BioDelivery as a candidate.
MasterCard (MA)- 6,600 May 29 weekly $88 puts were sold for $1.16. Earnings are due out on April 29th (shares have moved higher on 3 out of the last 4 reports). There was a report out today that China will allow foreign companies to set up bank card-clearing businesses.
Micron Technology (MU)- 15,000 June $30 calls were bought for $0.79-$1.07, against open … Read More »
2014-11-03 Unusual Options Activity (MDVN) (MU)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in Medivation (MDVN) and Micron Technology (MU).
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2014-09-24 Smart Money Report (EGO) (WFC)
Smart Money Report
EGO- 8,000 Apr 2015 $7 puts were sold for $0.77-$0.78 each, against open interest of 798 contracts. There was selling in the Nov $7 puts today as well. Put activity in Eldorado Gold is 23x the average daily volume.
MU- 9,000 Oct 18 $29 calls were purchased for $3.45 each, against open interest of 24,535 contracts. Earnings are due out tomorrow afternoon. The options market is implying a $2.50 move. The stock has moved higher after earnings on 4 out of the last 7 reports (up after the last one). Micron Technology shares held on the retest of the 100-day SMA yesterday.
TMUS- The Jan 2015 $27/$28/$32 bull risk reversal was put on 5,000 times for a $0.38 debit. Volume was above the open interest in the Jan 2015 $28 and $32 calls. There have been reports that Iliad is … Read More »
2014-09-24 Unusual Options Activity (MU) (TMUS)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Micron Technology (MU) and a bull call spread risk reversal in T-Mobile US (TMUS).
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2014-06-23 Smart Money Report (MU) (SONC)
Smart Money Report
AMAT- A rollout from 17,000 Jan. 2015 $20 calls (credit) into 28,000 Jan. 2015 $24 calls (debit). Volume was above the open interest in the Jan. 2015 $24 calls. The long-term uptrend remains intact, but is now at the highest level in the RSI on the weekly chart. A better entry would be near $21. Applied Materials trades at a P/E ratio of 17.05x (2015 estimates), PEG ratio of 0.68x (2015 estimates), 9% revenue growth, 1.75% dividend yield, and has an average analyst price target of $22.
CTXS- 2,000 July $62.50 puts were sold for $0.55-$0.56 each, against open interest of 228 contracts. Earnings are due out on 7/23. This is a mildly bullish bet that Citrix Systems is stay above support at the $62-$63 level through July options expiration.
MU- The June 27 weekly 1×2 $27/$30 put spread was … Read More »
2014-06-12 Smart Money Report (AAPL) (MU)
Smart Money Report
AAPL- The Apr. 2015 $110/$130 call spread was put on 10,000 times for a $1.91 debit. This was tied to 161,600 shares of stock for $92.63. Volume was above the open interest in both options. Apple trades at a P/E ratio of 13.41x (2015 estimates) with 8.9% EPS growth, 6.8% revenue growth, 2.04% dividend yield, and has an average analyst price target of $95.
BRCM- 26,589 Aug. $41 calls were sold for $0.57 each, against open interest of 189 contracts. Broadcom recently announced that they are interested in selling their cellular broadband business.
MU- The Oct. $35/$40 call spread was put on 6,000 times for a $0.91 debit. Volume was below the open interest in both options. Earnings are due out on 6/23. The stock has moved lower after earnings on five out of the last seven reports.
RIG- 15,000 Jan. … Read More »
2014-05-27 Smart Money Report (AMKR) (MSFT)
Smart Money Report
AMKR- A rollout from 2,000 June $9 calls (credit) into 4,000 Sep. $11 calls (debit). Volume was above the open interest in the Sep. $11 calls. Typically trades 600 calls per day.
EXC- 5,000 Jan. 2016 $35 calls were bought for $2.90-$2.95 each, against open interest of 971 contracts. Net call premium +$775K vs. net put premium of -$9K.
MSFT- 17,502 June 27 weekly $39 puts were sold for $0.35 each, against open interest of 345 contracts. This is the largest Microsoft option trade of the day.
MU- More than 8,000 Oct. $21 calls were bought for $7.35 each, against open interest of 252 contracts. Earnings are due out on 6/18. Implied volatility rose 7.2%. This trade is roughly a $6M bet.
P- Another 7,500 Sep. $18 puts were purchased for $0.66 each, against open interest of 15,800 contracts. This is likely … Read More »
2014-05-27 Unusual Options Activity (EXC) (MU)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight large call buying in Exelon (EXC) and Micron Technology (MU).
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2014-04-03 Smart Money Report (FOXA) (MU)
Smart Money Report
MU- Micron Technology is set to announce Q2 earnings after the bell tonight. Analysts are looking for $0.74 in EPS and revenue of $4.0 billion. Option traders are pricing in a $1.94 move, or 8.12%, in either direction through Friday’s close. The call to put ratio in (MU) options is currently 1.56, led by a rollout from 3,500 Apr 19 $25 calls (credit) into 2,000 May 17 $25 calls. The stock has closed lower after earnings on 3 out of the last 5 reports.
AKAM- 3,405 May $52.50 puts ($1.62 credit) and $67.50 calls ($0.84 credit) were sold to help finance the purchase of 4,540 May $60 calls ($2.71 debit). Volume was above the open interest in all three options.
FOXA- 4k May $34 calls were bought for $1.20 each, against open interest of 2,184 contracts. (FOXA) trades at a … Read More »
2014-03-17 Smart Money Report (CCI) (MU)
Smart Money Report
CCI- A rollout from 2,500 Mar. $75 calls (credit) into 2,500 Apr. $75 calls (debit). Volume was above the open interest in the Apr. $75 calls. (CCI) trades at a forward PEG ratio of 1.24x (2015 estimates), 15.6% revenue growth this year, and it has an average analyst price target of $89.50.
DSW- 2k Apr. $42.50 calls were sold for $0.50 each, against open interest of 1,710 contracts. Earnings are due out tomorrow morning.
IPXL- A rollout from 750 Mar. $30 calls (credit) into 750 Apr. $30 calls (debit). Volume was above the open interest in the Apr. $30 calls. (IPXL) typically trades 144 calls per day.
MU- A rollout from 10,500 Apr. $24 puts (credit) into 10,500 July $24 puts (debit). Volume was above the open interest in the July $24 puts. Earnings are due out on 4/3.
AAPL- Apple shares … Read More »
2014-03-17 Unusual Options Activity (IPXL) (MU)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a call rollout in Impax Laboratories (IPXL) and a put rollout in Micron Technology (MU).
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Is There More Room To Run In Micron Technology?
Is There More Room To Run In Micron Technology?
My commentary on Micron Technology (MU) for TraderPlanet
http://www.traderplanet.com/commentaries/view/165741-is-there-more-room-to-run-in-micron-technology/
2014-01-07 Smart Money Report (MON) (MU)
Smart Money Report
MON- Monsanto will report Q1 earnings before the bell tomorrow morning. Analysts are looking for $0.64 in EPS and revenue of $3.1 billion. The options market is implying a $2.94 move, or 2.59%, in either direction through Friday’s close. Call to put ratio in (MON) options is 4.59, led by a seller of 4,000 Jan. $115 calls for $0.86 each.
MU- Tonight’s most notable earnings report will come from Micron Technology. Analysts are looking for $0.44 in EPS and revenue of $3.7 billion. Options traders are pricing in a $1.90 move, or 8.84%, in either direction through Friday’s close. The call to put ratio in (MU) options is 1.66, led by a seller of 5,000 Jan. 2015 $15 puts for $1.01 each.
JASO- 4,094 Mar. $10 calls were purchased for $1.35 each, against open interest of 1,969 contracts.
MRVL- A rollout … Read More »
