Unusual Options Activity

Array Biopharma (ARRY)- Nearly 6,000 Sep $8 calls have traded with the majority bought for $1.70-$1.95 each. They have Phase 2 and 3 data coming later this year. The stock has been consolidating between $7.50 and $8.50 for the last two months.
Peabody Energy (BTU)- Over 22,000 Mar 27 weekly $6.50 calls have traded with the majority bought for $0.10-$0.15 each. Call activity was 6x the average daily volume. Shares have no major resistance until the $7 level.
Iron Mountain (IRM)- A rollout from 1,800 Apr $37.50 calls ($1.05 credit) into 1,800 July $40 calls ($1.05 debit).
Qorvo (QRVO)- A rollout from 1,811 May $80 calls ($8.55 credit) into 2,415 May $85 calls ($5.80 debit). The big buyer of 7,000 May $70/$80 bull call spreads from February 20th remains in open interest. Earnings are due out on April 22nd.
Repros Therapeutics (RPRX)- … Read More »

Smart Money Report

INTC- Intel will report Q4 earnings after the bell tonight. Analysts are looking for $0.52 in EPS and revenue of $13.7 billion. The options market is implying a $1.12 move, or 4.21%, in either direction though Friday’s close. Call to put ratio in (INTC) options is 1.27, led by a buyer of 18,820 July $25 puts for $1.12 each.
MS- Morgan Stanley is set to announce Q4 earnings before the bell tomorrow morning. Analysts are looking for $0.46 in EPS and revenue of $8.0 billion. Options traders are pricing in a $1.08 move, or 3.41%, in either direction through Friday’s close. The call to put ratio in (MS) options is 2.18, led by a seller of roughly 7k Jan. $31/$32 strangles for a $0.65 credit.
CNX- 3k Apr. $38 puts were sold for $2.18 each, against open interest of 509 … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a put seller in CONSOL Energy (CNX) and a call calendar in Repros Therapeutics (RPRX).

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