WFC
2014-09-24 Smart Money Report (EGO) (WFC)
Smart Money Report
EGO- 8,000 Apr 2015 $7 puts were sold for $0.77-$0.78 each, against open interest of 798 contracts. There was selling in the Nov $7 puts today as well. Put activity in Eldorado Gold is 23x the average daily volume.
MU- 9,000 Oct 18 $29 calls were purchased for $3.45 each, against open interest of 24,535 contracts. Earnings are due out tomorrow afternoon. The options market is implying a $2.50 move. The stock has moved higher after earnings on 4 out of the last 7 reports (up after the last one). Micron Technology shares held on the retest of the 100-day SMA yesterday.
TMUS- The Jan 2015 $27/$28/$32 bull risk reversal was put on 5,000 times for a $0.38 debit. Volume was above the open interest in the Jan 2015 $28 and $32 calls. There have been reports that Iliad is … Read More »
2014-04-10 Smart Money Report (JPM) (WFC)
Smart Money Report
JPM- J.P. Morgan Chase is set to announce Q1 earnings before the bell tomorrow morning. Analysts are looking for $1.41 in EPS and revenue of $24.6 billion. The options market is implying $1.23 move, or 2.13%, in either direction through Friday’s close. Put to call ratio in (JPM) options is currently 1.13, led by a buyer of 2,500 Jan. 2015 $62.50 calls for $2.35 each.
WFC- Another large bank that will report in the morning is Wells Fargo. Analysts are looking for $0.96 in EPS and revenue of $20.6 billion. Option traders are pricing in a $0.97 move, or 2.01%, in either direction through Friday’s close. The put to call ratio in (WFC) options is currently 1.23, led by activity in the Apr. 19 $48 and $48.50 puts.
DXJ- The Aug. $40.38/$50.38 bull risk reversal was put on 4,400 times … Read More »
2013-12-23 Smart Money Report (IP) (WFC)
Smart Money Report
AEO- The Jan. 2014 $15.50/$17 call spread was put on 4k times for a $0.24 debit. Volume was below the open interest in both options.
IP- 8,598 Jan. 2014 $50 calls were bought for $0.80 each, against open interest of 47,462 contracts.
VNDA- Sizable buying in the Jan. 2014 $12 and $14 calls this morning. Volume was below the open interest in both options.
WFC- The Feb. 2014 $43 straddle was put on 10k times for a $3.25 credit. Volume was above the open interest in both options.
AAPL- Apple shares are up 3.27% today, following the announcement they have reached a deal with China Mobile (CHL) to sell iPhones. The call to put ratio in (AAPL) options is 1.83, led by activity in Dec. 27 weekly $570 and $575 calls.
Free Trial: If you would like to know more about premium content … Read More »
2013-10-10 Smart Money Report (RAX) (WFC)
Smart Money Report
WFC- Wells Fargo is set to announce Q3 earnings tomorrow morning. Analysts are looking for $0.97 in EPS and revenue of $21.0 billion. Options traders are pricing in a $0.98 move, or 2.38%, in either direction through tomorrow. The call to put ratio in (WFC) options is currently 1.80. According to earningswhispers.com, the whisper number for tonight is $1.02 in EPS.
CHMT- The Dec. $25 straddle was sold 5,000 times for a $3.40 credit. Volume was above the open interest in both options.
IWM- 30k Oct. $102 puts were bought for $0.28 each, against open interest of 92,207 contracts.
RAX- 3,500 Nov. $42.50 puts were bought for $1.70 and 2,500 Nov. $37.50 puts were sold for $0.60, creating a bear put spread. Volume was above the open interest in both options.
SE- 3,500 Jan. $36 calls were bought for $0.54 each, … Read More »
