SPLS
2015-04-21 Options Report (OC) (SPLS)
Options Report
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2015-04-21 Unusual Options Activity (GPRE) (HTZ)
Unusual Options Activity
Green Plains (GPRE)- Roughly 1,700 May $31 calls were bought for $1.35-$1.85. Earnings are due out on April 28th (shares have moved higher on 3 of the last 4 reports).
Hertz Global (HTZ)- More than 10,000 Apr 24 weekly $20.50 calls have traded with the majority bought for $0.50. Yesterday, Thrifty Car Rental, a division of Hertz, announced they are expanding to Singapore.
Michael Kors (KORS)- 1,500 May 29 weekly $60 puts were purchased for $1.75 early this morning. Yesterday, Mizuho downgraded the stock to neutral, citing competition from Kate Spade and slowing comp growth as a reason.
Owens Corning (OC)- A rollout from 7,000 May $43 calls ($1.35 credit) into 7,000 June $43 calls ($1.90 debit). This trade occurred yesterday as well. Earnings are due out tomorrow morning.
Staples (SPLS)- 3,000 Sep $14 puts were sold for $0.55 and 3,000 Jan … Read More »
2015-04-02 Options Report (AMAT) (SPLS)
Options Report
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2015-04-02 Unusual Options Activity (IDRA) (INTC)
Unusual Options Activity
Applied Materials (AMAT)- The July $25/$30 bull call spread was put on 5,373 times for a $0.77 debit. Volume was below the open interest in both options. The company has a pending merger with Tokyo Electron that will be headquartered in the Netherlands (tax inversion, synergies).
Idera Pharmaceuticals (IDRA)- 2,500 Apr $3.50 calls were purchased for $0.35. Call activity was 4x the average daily volume. They were granted orphan drug designation for IMO-8400 yesterday. IMO-8400 is for the treatment of diffuse large B-cell lymphoma.
Intel (INTC)- Over 8,000 Apr 10 weekly $32 calls were bought for $0.14, against open interest of 5,957 contracts. Today, they announced their annual shareholder meeting will be on May 21st. Intel is also rumored to be interested in acquiring Altera.
Staples (SPLS)- The Jan 2017 $13/$17/$22 bull call spread risk reversal was put on 5,000 times … Read More »
2014-10-03 Smart Money Report (JIVE) (SPLS)
Smart Money Report
ACAS- Large buying in the Jan 2015 $14 and $15 calls today (also buying in the Oct and Nov $14 calls). Volume was above the open interest in the Jan 2015 $14 calls. Call activity is 6x the average daily volume. The stock is down 8% from the September close at $15.42. Yesterday, American Capital Agency announced the sale of Avalon Laboratories to Nordson (NDSN) for $180M.
CVS- 3,955 Oct 31 weekly $79 puts were sold for $0.75 each, against open interest of 264 contracts. Shares of CVS Health are now starting to bounce off of the test of the 50-day EMA (which is near $79).
EMC- A likely rollout from 40,000 Jan 2015 $31 calls (credit) into 40,000 Apr 2015 $31 calls (debit). Volume was above the open interest in the Apr 2015 $31 calls. Earnings are due out … Read More »
2014-07-30 Smart Money Report (AAP) (DLTR)
Smart Money Report
AAP- The Aug 1×2 $125/$130 ratio call spread was put on 2,750 times for a $0.70 debit. Volume was above the open interest in both options. Earnings are due out on 8/14. This is likely done against a long stock position to add leverage without adding any additional shares. The stock has moved lower after earnings on 4 out of the last 7 reports (up on the last 2 reports).
DLTR- A rollout from 5,000 Aug $57.50 calls (credit) into 5,000 Sep $57.50 calls (debit). Volume was above the open interest in the Sep $57.50 calls. Earnings are due out on 8/21. There was sizable buying in the Aug $57.50 calls yesterday.
INTC- 18,500 Aug 16 $34 calls were bought for $0.59 each, against open interest of 30,652 contracts.
SODA- The Sep 20 $30/$35 bull risk reversal was put on 5,000 … Read More »
2014-07-02 Smart Money Report (CP) (WLT)
Smart Money Report
BAC- 35,000 Aug. 16 $17 calls were bought for $0.09-$0.11 each, against open interest of 101,282 contracts. Earnings are due out on 7/16. Bank of America was upgraded at Deutsche Bank to a buy rating last night with a $18 price target.
CP- 4,300 July $175 puts were sold for $1.35 each, against open interest of 333 contracts. Earnings are due out on 7/17. Canadian Pacific Railway trades at a P/E ratio of 17.38x (2015 estimates), PEG ratio of 0.73x (2015 estimates), 7.7% revenue growth, and has an average analyst price target of $193. On 6/30, Barclays maintained a overweight rating with a $196 price target. The stock has moved higher after earnings on the last three reports.
SPLS- The Jan. 2015 $9/$13 bull risk reversal was put on 10,000 times for a $0.05 debit. Volume was above the open … Read More »
2014-07-02 Unusual Options Activity (BAC) (SPLS)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight call buying in Bank of America (BAC) and a bull risk reversal in Staples (SPLS).
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2014-05-19 Smart Money Report (SPLS) (TIVO)
Smart Money Report
SPLS- Staples is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $0.21 in EPS and revenue of $5.6 billion. The options market is implying a $1.35 move, or 10.12%, in either direction through June options expiration. Put to call ratio in (SPLS) options is currently 1.84, led by buying in the June $14 puts for $1.10. The stock has declined after earnings on the three previous reports.
HFC- 5,319 June $47 puts were sold for $0.50 each, against open interest of 627 contracts. Typically trades 1,343 puts per day. (HFC) trades at a P/E ratio of 11.28x (2014 estimates), PEG ratio of 0.64x (2014 estimates), -8.4% revenue growth (-1.2% in 2015), P/S ratio of 0.49x, 2.55% dividend yield, and has an average analyst price target of $52.50.
KGC- 20k Nov. $5 calls were purchased … Read More »
2014-05-02 Smart Money Report (ACI) (TUMI)
Smart Money Report
ACI- 3,145 July $6 calls were purchased for $0.10 each, against open interest of 17,259 contracts. Open interest has been building in these calls since late March.
GE- 7k June 21 $26 puts were sold for $0.28 each, against open interest of 17,915 contracts. General Electric shares broke out above the $26.25 resistance level last month.
KR- A rollout from 11,244 May $46 calls (debit) into 11,285 June $49 calls (credit). Volume was above the open interest in the June $49 calls. This was likely a rolling of an existing covered call strategy. Shares of the grocery store company are up for the fifth consecutive session.
SPLS- 4k May $13 puts were bought for $0.60 each, against open interest of 508 contracts. Earnings are due out on 5/20.
TUMI- 1,000 May $22.50 calls were purchased for $0.35 each, against open interest of … Read More »
2014-05-02 Unusual Options Activity (GE) (SPLS)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight put selling in General Electric (GE) and put buying in Staples (SPLS).
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2014-03-05 Smart Money Report (BYD) (SPLS)
Smart Money Report
BYD- Boyd Gaming will report Q4 earnings after the bell tonight. Analysts are looking for -$0.25 in EPS and revenue of $688 million. The options market is implying a $1.50 move, or 13.08%, in either direction through Mar. options expiration. Call to put ratio in (BYD) options is currently 2.64, led by a buyer of over 1,200 June 2014 $14 calls for $1.15 each. The stock has moved higher after reporting earnings on three out of the previous four reports.
SPLS- Staples is set to announce Q4 earnings before the bell tonight. Analysts are looking for $0.39 in EPS and revenue of $6.0 billion. Option traders are pricing in a $1.25 move, or 9.21%, in either direction through Mar. options expiration. The put to call ratio in (SPLS) options is 7.80, led by sizable buying in the Mar. 2014 … Read More »
2013-12-10 Smart Money Report (COST) (JOY)
Smart Money Report
COST- Costco Wholesale will report Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.03 in EPS and revenue of $25.4 billion. The options market is implying a $3.11 move, or 2.58%, in either direction through Friday’s close. Call to put ratio in (COST) options is currently 1.13.
JOY- Joy Global will also be releasing earnings tomorrow morning. Analysts are looking for $1.12 in EPS and revenue of $1.1 billion. Options trader are pricing in a $2.64 move, or 4.65%, in either direction through Friday’s close. The call to put ratio in (JOY) options is 1.50.
KGC- 8k May 2014 $6 calls were bought for $0.22 each, against open interest of 17,954 contracts.
SPLS- The Jan. 2015 $10/$20 bull risk reversal was put on 10k times for a $0.40 debit. Volume was above the open interest in both options.
SPY- … Read More »
2013-12-10 Unusual Options Activity (KGC) (SPLS)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight large upside call buying in Kinross Gold (KGC) and a bull risk reversal in Staples (SPLS).
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