2015-06-04 Unusual Options Activity (ADI) (CSCO)

Posted on June 4th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-06-04 Unusual Options Activity (ADI) (CSCO)

Unusual Options Activity

Analog Devices (ADI)- Roughly 5,000 Sep $72.50 calls were bought for $1.55-$1.60. There has been large buying in the Sep $70 calls since May 20th (open interest north of 13,000). On May 19th, the company reported better than expected Q1 results (trades at a reasonable PEG ratio of 1.09x).
Cisco Systems (CSCO)- 100,000 Aug $30 calls were sold for $0.50-$0.54. The stock has struggled this year to close above $30 on a weekly basis. He/she is likely selling these calls against an existing stock position, creating a covered call.
Mattel (MAT)- The Jan 2016 $18/$25 bear put spread was put on 3,153 times for a $2.00 debit. Shares trade at a rich 18.87x 2015 earnings for a company that is projected to see both the top and bottom shrink compared to 2014. The long-term downtrend remains intact (next major support … Read More »

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