Smart Money Report
BUD- 10,000 Mar 2015 $130 calls were purchased for $0.80 each, against open interest of 93 contracts. This was tied to 110,000 shares. On average, only 908 calls trade per day in Anheuser-Busch InBev SA. The stock remains in a steady long-term uptrend and in a sector with big M&A deals rumored.
CVA- 16,534 June 2015 $25 calls were bought for $0.85 each, against open interest of 504 contracts. This was tied to 1.65M shares. Total open interest in Covanta Holdings is just 17,372 contracts.
DOV- A rollout from 1,750 Dec $75 puts (credit) into 2,500 Jan 2015 $70 puts (debit). Volume was above the open interest in the Jan 2015 $70 puts. Dover shares are nearing a retest of the October 15th low of $69.66. On December 9th, Deutsche Bank downgraded the stock to sell from hold with a … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Anheuser-Busch InBev SA (BUD) and a bull risk reversal in SM Energy (SM).
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