(This Options Report is an example of what will be included in my ORM Equity/Option Trader Subscription Service for $9.99 per month)
Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
Open Interest Updates From The Previous Trading Days Action
Gilead Sciences (GILD)- May 15 $90 put open interest went from 19,233 to 22,465 contracts, May 15 $100 call open interest went from 20,521 to 25,574 contracts, and May 15 $115 call open interest went from 7,877 to 12,938 contracts (bull call spread risk reversal put on for a $2.60 debit).
McDonald’s (MCD)- June $97.50 call open interest went from 17,290 to 42,008 contracts (more buying yesterday).
PDL BioPharma (PDLI)- May $7 call open interest went from 2,476 … Read More »
Unusual Options Activity
CLNY- 2,000 Feb $25 puts were sold for $1.20 each, against no previous open interest (typically trades just 36 puts per day). He/she is making a bet that Colony Financial shares are able to breakout above the $24.50 resistance level and end above $25 on February options expiration (breakeven down at $23.80). The real estate and investment company trades at a reasonable forward P/E ratio of 13.40x on revenue that will more than double in a two year stretch (end of 2013 through 2015).
CYH- Someone rolled out 2,500 Jan 2015 $48 calls ($6.37-$6.38 credit) into 4,000 Mar $55 calls ($3.56 debit). Volume was above the open interest in the Mar $55 calls. Call activity is more than 10x the average daily volume. Shares of Community Health Systems just successfully tested support at the 50-day EMA for the second … Read More »