Smart Money Report

FB- A rollout from 20,000 July 19 $65 calls (credit) into 60,000 July 19 $70 calls (debit). Volume was below the open interest in both options. I still look for Facebook to complete the measured move to $72 soon.
MPC- 4,500 Oct. $90 calls were purchased for $1.80 each, against open interest of 879 contracts. The call to put ratio is 2:1. Call activity is over 4x the average daily volume. Net call premium is +$599K vs. net put premium of +$311K. Implied volatility rose 20.3% to 29.91. The stock broke through the 200-day SMA, but has support at the $80 level. Marathon Petroleum trades at a P/E ratio of 7.83x (2015 estimates) with 20% EPS growth, -1.1% revenue growth (-6.6% this year), P/S ratio of 0.27x, 2.09% dividend yield, and has an average analyst price target of $105. … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight a call rollout in Facebook (FB) and call selling in Sirius XM (SIRI).

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Smart Money Report

C- Citigroup is set to announce Q1 earnings before the bell on Monday morning. Analysts are looking for $1.16 in EPS and revenue of $19.4 billion. The options market is implying a $1.68 move, or 3.67%, in either direction through next Friday’s close. Call to put ratio in (C) options is currently 1.10, led by activity in the Apr. 19 $47 calls. The stock has moved higher on four out of last seven reports.
JBHT- Another notable report due out on Monday morning will come from J.B. Hunt Transport Services. Analysts are looking for $0.65 in EPS and revenue of $1.4 billion. The call to put ratio in (JBHT) options is currently 3.95, led by buying in the May $75 calls. The stock has moved lower on three out of the last four reports.
AKS- 5k May $8 calls were … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in AK Steel (AKS) and a bull risk reversal in Sirius XM (SIRI).

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 Smart Money Report

F- Ford Motor is set to announce Q3 earnings before the bell tomorrow morning. Analysts are looking for $0.365 in EPS and revenue of $34.2 billion. The options market is implying a $0.65 move, or 3.73%, in either direction through Friday’s close. Call to put ratio in (F) options is 3.07, led by large upside buying in the Dec. options.
T- AT&T is set to announce Q3 earnings after the bell tonight. Analysts are looking for $0.65 in EPS and revenue of $32.2 billion. Options traders are pricing in a $0.65 move, or 1.85%, in either direction through Friday’s close. The call to put ratio in (T) options is currently 2.06.
CCL- Sizable buying in the Jan. 2015 $44.50 and $46.50 calls today. Volume was above the open interest in both options.
SIRI- 32k Nov. $4 puts were sold for $0.07 each, against open … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight large put selling in Sirius XM Radio (SIRI) and long-dated call buying in Carnival (CCL).

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Smart Money Report

EPI- 20,000 Jan. 2016 $16 puts were sold for $2.95 each, against no previous open interest. He/she thinks the WisdomTree India Earnings Fund will be above the $16 level on January 2016 options expiration, but can make money as long as it stays above $13.05.
SIRI- 16,125 Mar. 2014 $3.50 puts were bought for $0.19 each, against open interest of 596 contracts. Shares of Sirius XM Radio are now in negative territory, after trading within one cent of the $4 level this morning.
SYNA- 1,500 Dec. $40 calls were purchased for $5.09-$5.20 each, against open interest of 98 contracts.
AAPL- Apple shares are lower by 0.36% today, following an initial gap higher this morning on the iPhone 5S and 5C launch day. The call to put ratio in the Sep. 27 weekly options is currently 1.49, led by activity in the … Read More »