You need to be logged in to see this part of the content. Please Login to access.
Unusual Options Activity
Apple (AAPL)- Nearly 10,000 May 15 $130 calls traded early in the session with the majority being bought for $3.15-$3.50, against open interest of 71,684 contracts. Shares have been range bound in recent weeks, but the stock has managed to find buyers at the 50-day EMA. Earnings are due out during the week of April 20th-24th (shares have moved higher on 4 straight reports).
Cheesecake Factory (CAKE)- A likely rollout from 1,700 Apr $46 puts ($0.15 debit) into 2,400 May $47 puts ($0.85-$0.90 credit). Earnings are due out on April 22nd.
Lumber Liquidators (LL)- The Apr 10 weekly $31/$36 bull call spread was put on 3,000 times for a $2.15 debit. This trade will create the largest open interest(s) in the weekly expiration.
Mylan NV (MYL)- Nearly 4,000 Apr $57.50 puts were purchased for $1.70-$2.40. This morning Abbott Labs announced they … Read More »
Smart Money Report
AA- Alcoa will report Q3 earnings after the bell tonight. Analysts are looking for $0.06 in EPS and revenue of $5.7 billion. The options market is implying a $0.31 move, or 3.92%, in either direction through Friday. Call to put ratio in (AA) options is slightly in favor of the bulls at 1.29.
YUM- Yum! Brands will also be releasing Q3 earnings after the bell. Analysts are looking for $0.93 in EPS and revenue of $3.5 billion. Options traders are pricing in a $3.30 move, or 4.61%, in either direction through Friday. The put to call ratio in (YUM) options is currently 1.40.
PNK- Over 4k Dec. $25 puts were bought for up to $1.80 each, against open interest of 46 contracts. Shares of Pinnacle Entertainment are down 3.39% today.
AAPL- Apple shares are giving back yesterday’s gains, losing 1.02% today. The call to … Read More »