Smart Money Report

DHR- The Mar 2015 $70/$80 bull risk reversal was put on 7,500 times for a $0.65 debit. Volume was below the open interest in both options. This was tied to 500,000 shares. This trade was put on 7,500 times yesterday too. Bank of America said Danaher may buy Agilent Technologies’ Life Science division post the split.
KORS- 3,000 Nov 22 $80 calls were bought for $1.15 each, against open interest of 7,043 contracts. There was sizable put selling in the Michael Kors Oct 18 $70 puts yesterday.
PAAS- More than 6,000 Nov $11 puts were sold for $0.60 each, against open interest of 486 contracts. The stock is nearing a test of prior resistance from last year near $11. There have been several put sales in the gold and silver miners recently (betting on the correction at least pausing in … Read More »

Unusual Options Activity

In today’s Unusual Options Activity Report we highlight put selling Pan American Silver (PAAS) and put buying in Quiksilver (ZQK).

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Smart Money Report

SWHC- Smith & Wesson will report Q1 earnings after the bell tonight. Analysts are looking for $0.36 in EPS and revenue of $165 million. The options market is implying a $1.15 move, or 10.23%, in either direction through September options expiration. Call to put ratio in the Sep. options is currently 1.78.
ZQK- One of the reports due out tonight will come from Quiksilver. Analysts are looking for $0.04 in EPS and revenue of $505 million. Options traders are pricing in a $0.75 move, or 14.51%, in either direction through Sep. options expiration. The put to call ratio in (ZQK) options is 3.30.
PLX- 2k Nov. $5 calls were bought for $0.60 each, against open interest of 2,239 contracts. Shares of Protalix BioTherapeutics are hovering around the $5.30 resistance level.
SPY- More than 7k Sep. 13 weekly $166 calls were bought for $1.32-$1.45 each … Read More »