Smart Money Report

CSC- Sizable buying in the Mar. $65 and $70 calls this morning. Volume was above the open interest in both options. The IT company typically trades 476 calls per day vs. the 4,000+ traded today.
DAL- The Sep. $30/$36/$43 bull call spread risk reversal was put on 10k times for a $0.55 debit. Volume was above the open interest in all three options. They bought the Sep $36 calls and sold the Sep. $30 puts and Sep. $43 calls to reduce the cost. The maximum risk is $0.55 until/if the stock closes under $30 on Sep. options expiration. The maximum gain is achieved on a close at or above $43 on expiration.
SOL- Sizable buying in the Mar. $4.50 and $5 calls this morning. Volume was above the open interest in both options. Earnings are due out on 3/13. There … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight large call buying in ReneSola (SOL) and XOMA (XOMA).

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