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Open Interest Updates From The Previous Trading Days Action
AECOM (ACM)- June $27.50 put open interest went from 3,632 to 8,398 contracts (more buying yesterday).
Air Products & Chemicals (APD)- Apr $140 put open interest went from 2,077 to 4,280 contracts (selling as part of a bull risk reversal yesterday).
Atmel (ATML)- Apr $9 call open interest went from 3,309 to 5,246 contracts (buying yesterday).
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 17,027 to 18,663 contracts (more buying).
Anheuser Busch Inbev SA … Read More »
Smart Money Report
ACAS- 3,000 Nov. $17 calls were bought for $0.30 each, against open interest of 911 contracts. Large buying in the Aug. $16 calls for $0.20-$0.23 each on 6/23.
ANR- 6,500 Jan. 2016 $3.50 puts were purchased for $1.05 each, against open interest of 8,084 contracts. The longer-term downtrend in Alpha Natural Resources remains intact.
TTWO- The Jan. 2016 $17/$25 bull risk reversal was put on 2,500 times for a $1.25 debit. Volume was above the open interest in both options. Option activity is over 2x the average daily volume. The stock is nearing resistance at the $22.50 level. A breakout above there could take it to $25. (TTWO) trades at a P/E ratio of 15.28x (2015 estimates) with 42.6% EPS growth (-76.3% this year), 8.6% revenue growth, P/S ratio of 0.72x, and has an average analyst price target of $24. … Read More »
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a bull risk reversal in Take-Two Interactive Software (TTWO) and put selling in WellPoint (WLP).
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