Smart Money Report

APC- The May 2015 $110/$125 call spread was put on another 3,000 times for a $2.00 debit. Volume was below the open interest in both options. On Wednesday, there were about 10,000 Jan 17 2015 $95 calls purchased for $2.55 each. Shares of Anadarko-Petroleum remain in the $87.50-$95 range.
GLW- 10,000 Jan 2017 $25 calls were bought for $1.85 each, against open interest of 28 contracts. The call to put ratio in Corning is nearly 10:1. This call buyer is making a long-term bet on the stock hitting levels not seen since prior to the recession.
GME- A rollout from 16,200 Jan 17 2015 $37 puts (credit) into 16,200 Jan 17 $33 puts (debit). Volume was above the open interest in the Jan 17 $33 puts. Last night, GameStop missed Q3 EPS and revenue estimates (comps -2.3%). They also issued … Read More »

 Unusual Options Activity

In today’s Unusual Options Activity Report we highlight call buying in Owens Corning (OC) and put selling in Ubiquiti Networks (UBNT).

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Smart Money Report

DXJ- 10,000 Nov. $50 calls were purchased for $1.21 each, against open interest of 937 contracts. There was a large buyer of 5,418 Nov. $48 calls yesterday for $1.69 each. The Japanese Hedged Equity ETF is breaking out above the $47 resistance level today.
NMM- 3,500 Dec. $17.50 puts were purchased for $1.35-$1.40 each, against open interest of 99 contracts. The put to call ratio is 92:1. Put activity is 59x the average daily volume. The stock trades at a P/E ratio of 22.93x (2015 estimates), PEG ratio of 1.20x (2015 estimates), 5.2% revenue growth (19.3% this year), and has an average analyst price target of $19.63. The long-term uptrend on the weekly chart remains intact. This is likely a hedge against a long stock position given the fundamental and technical support behind shares of Navios Maritime Partners.
SWK- 2,200 … Read More »