Options Report

You need to be logged in to see this part of the content. Please Login to access.

Options Report

You need to be logged in to see this part of the content. Please Login to access.

Unusual Options Activity

Green Plains (GPRE)- Roughly 1,700 May $31 calls were bought for $1.35-$1.85. Earnings are due out on April 28th (shares have moved higher on 3 of the last 4 reports).
Hertz Global (HTZ)- More than 10,000 Apr 24 weekly $20.50 calls have traded with the majority bought for $0.50. Yesterday, Thrifty Car Rental, a division of Hertz, announced they are expanding to Singapore.
Michael Kors (KORS)- 1,500 May 29 weekly $60 puts were purchased for $1.75 early this morning. Yesterday, Mizuho downgraded the stock to neutral, citing competition from Kate Spade and slowing comp growth as a reason.
Owens Corning (OC)- A rollout from 7,000 May $43 calls ($1.35 credit) into 7,000 June $43 calls ($1.90 debit). This trade occurred yesterday as well. Earnings are due out tomorrow morning.
Staples (SPLS)- 3,000 Sep $14 puts were sold for $0.55 and 3,000 Jan … Read More »

Smart Money Report

APC- The May 2015 $110/$125 call spread was put on another 3,000 times for a $2.00 debit. Volume was below the open interest in both options. On Wednesday, there were about 10,000 Jan 17 2015 $95 calls purchased for $2.55 each. Shares of Anadarko-Petroleum remain in the $87.50-$95 range.
GLW- 10,000 Jan 2017 $25 calls were bought for $1.85 each, against open interest of 28 contracts. The call to put ratio in Corning is nearly 10:1. This call buyer is making a long-term bet on the stock hitting levels not seen since prior to the recession.
GME- A rollout from 16,200 Jan 17 2015 $37 puts (credit) into 16,200 Jan 17 $33 puts (debit). Volume was above the open interest in the Jan 17 $33 puts. Last night, GameStop missed Q3 EPS and revenue estimates (comps -2.3%). They also issued … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in Owens Corning (OC) and put selling in Ubiquiti Networks (UBNT).

You need to be logged in to see this part of the content. Please Login to access.

Owens Corning Shares Are Showing Signs Of Life
My commentary on Owens Corning for TraderPlanet

Shares of Owens Corning (OC), a $4B Ohio based construction supplies and fixtures company, are down nearly 15% year to date. However, there are now factors developing that may prove to make Owens Corning an attractive investment…Click here to read the rest of the article.

Earnings Previews

DFS Earnings Preview- Highlighted buying in the July $65 calls earlier today. Call to put ratio at 3:1. Stock put in a higher low on the weekly chart over the past two weeks and has moved higher after earnings on the past two reports. Average analyst price target of $63.50.
FTI Earnings Preview- Over 1,500 May $57.50 calls were bought for $0.65-$0.80 each today ahead of earnings tonight. Typically trades 275 calls per day. Call to put ratio is 13:1. This oil related services & equipment company has no major resistance until the $58-$60 level. Trades at a forward PEG ratio of 0.92x (2014 estimates), 8.7% revenue growth, and has an average analyst price target of $62. The stock has moved lower on the last three reports, but has moved higher on three of the four reports before then.
IGT Earnings … Read More »

Smart Money Report

GOGO- Gogo is set to announce Q3 earnings before the bell on Monday morning. Analysts are looking for -$0.30 in EPS and revenue of $76.8 million. Options traders are pricing in a $2.40 move, or 12.63%, in either direction through next Friday’s close. The call to put ratio in (GOGO) options is currently 5.76.
GE- A likely rollout from 3,016 Dec. $26 calls (credit) into 7,500 Dec. $28 calls (debit). Volume was below the open interest in both options. Open interest has been steadily building in the Dec. $28 calls.
GGB- 5k Jan. 2015 $7 puts were sold for $0.85 each, against open interest of 296 contracts.
OC- A rollout from 2,000 Dec. $40 calls (credit) into 2,000 Jan. 2014 $40 calls (debit). Volume was above the open interest in the Jan. 2014 $40 calls.
AAPL- Apple shares are up 1.65% today, once … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a call rollout in Owens Corning (OC) and a large put sale in Gerdau USA (GGB).

You need to be logged in to see this part of the content. Please Login to access.