Unusual Options Activity

Advanced Micro Devices (AMD)- Roughly 14,000 Aug $2.50 calls were purchased for $0.30. They’re rumored to looking at separating/ spinning off part of the business, but they have so far denied the Reuters report. Q2 earnings are due out on July 16th.
Chesapeake Energy (CHK)- A likely rollout from 5,000 Jan 2016 $12 puts ($2.07 credit) into 10,000 Jan 2016 $10 puts ($1.06 debit). The stock is down for the 5th consecutive week, but doesn’t have any major support until the 2008 lows near $8.50. Analyst EPS estimates for 2015 and 2016 have only worsened in recent months, falling to -$0.16 from +$0.04 for this year.

HCA Holdings (HCA)- The July 17 $85/$92.50 bull call spread was closed out 4,080 times for a $4.30 credit. They put this on yesterday for $1.95 debit. Hospital stocks rallied around 10 … Read More »

Smart Money Report

PIR- Pier 1 Imports is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.41 in EPS and revenue of $517 million. The options market is implying a $1.20 move, or 6.59%, in either direction through Apr. options expiration. Call to put ratio in (PIR) options is currently 7.71:1, led by buying in the Apr. $18 and May $19 calls. The stock has closed higher on four out of the seven earnings reports.
RAD- Another retailer to report tomorrow morning is Rite Aid. Analysts are looking for $0.04 in EPS and revenue of $6.5 billion. Option traders are pricing in a $0.55 move, or 8.68%, in either direction through Friday’s close. The call to put ratio in (RAD) options is currently 1.94:1, led by buying in the Apr. 11 weekly 6.50 calls. The stock … Read More »

Smart Money Report

GME- GameStop is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $1.93 in EPS and revenue of $3.8 billion. The options market is implying a $3.25 move, or 8.44%, in either direction through Friday’s close. Put to call ratio in (GME) options is currently 1.13, led by a buyer of 1k Mar. 28 weekly $34.50/$37.50 put spreads for a $0.81 debit.
LULU- Another retailer to report earnings in the morning is Lululemon Athletica. Analysts are looking for $0.73 in EPS and revenue of $0.73 in EPS and revenue of $518 million. Option traders are pricing in a $4.96 move, or 10.15%, in either direction through Friday’s close. The put to call ratio in (LULU) options is 1.48, led by a buyer of 1k Apr. 2014 $47.50 calls for $4.05 each (tied to 60k … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight put buying in Mattel (MAT) and a call rollout in NCR (NCR).

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NCR Shares Offer 10%+ Gains In The Short-Term

My commentary on NCR (NCR) for TraderPlanet.

http://www.traderplanet.com/commentaries/view/166004-ncr-shares-offer-10-gains-in-the-short-term/

Smart Money Report

BKS- Barnes & Noble will report Q2 earnings before the bell tomorrow morning. Analysts are looking for -$0.04 in EPS and revenue of $1.8 billion. The options market is implying a $2.10 move, or 13%, in either direction through December options expiration. Put to call ratio in (BKS) options is currently 1.18.
NUAN- Nuance Communications is set to announce Q4 earnings after the bell tonight. Analysts are looking for $0.29 in EPS and revenue of $490 million. Options traders are pricing in a $2.05 move, or 12.76%, in either direction through Dec. options expiration. The call to put ratio in (NUAN) options is 1.33.
BZH- 4,982 Dec. $18 puts were sold for $0.20 each, against open interest of 214 contracts.
NCR- Over 2k Jan. 2014 $33 calls were bought for $2.30 each, against open interest of 144 contracts.
AAPL- Apple shares are poised … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight put selling in Beazer Homes USA (BZH) and call buying in NCR Corp (NCR).

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