2014-06-25 Smart Money Report (MPC) (NAT)

Posted on June 25th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2014-06-25 Smart Money Report (MPC) (NAT)

Smart Money Report

FB- A rollout from 20,000 July 19 $65 calls (credit) into 60,000 July 19 $70 calls (debit). Volume was below the open interest in both options. I still look for Facebook to complete the measured move to $72 soon.
MPC- 4,500 Oct. $90 calls were purchased for $1.80 each, against open interest of 879 contracts. The call to put ratio is 2:1. Call activity is over 4x the average daily volume. Net call premium is +$599K vs. net put premium of +$311K. Implied volatility rose 20.3% to 29.91. The stock broke through the 200-day SMA, but has support at the $80 level. Marathon Petroleum trades at a P/E ratio of 7.83x (2015 estimates) with 20% EPS growth, -1.1% revenue growth (-6.6% this year), P/S ratio of 0.27x, 2.09% dividend yield, and has an average analyst price target of $105. … Read More »

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