Eli

Eli

ATT is below deal threshold. Time Warner shareholders will receive $107.50 per share under the terms of the merger, comprised of $53.75 per share in cash and $53.75 per share in AT&T stock. The stock portion will be subject to a collar such that Time Warner shareholders will receive 1.437 AT&T shares if AT&T’s average stock price is below $37.411 at closing and...

Eli

Target July 30s and September 34s.

Eli

Bull flag playing out.

Eli

DNOW prints a hammer on the daily chart as 2,000 of April 17.5 calls traded today on the ask for $0.20. This trade is $40k of premium, calling a bottom on DNOW that has fallen from strong resistance at the 22.85ish level. Trader stands to profit $20,000 per $0.10 increment above the break even at $17.70.

Eli Updated 

On January 13th and 17th, Smart money built up almost 5,000 contracts of new open interest in Tupperware Brands Feb 55 puts. Using Friday Jan 13th's cost of $2.40, break even stands at $52.60 -- basically at the recent support confirmed during the last two weeks of December. These Feb 55 puts include earnings and will profit should earnings disappoint or if...

Eli

Haven't checked options. Like the stock and Div at these levels. Expecting NXPI deal to close and huge benefits to accrue to QCOM later this year.

Eli

Dicks was upgraded by Goldman to Buy on Jan 30th. Feb 9th saw heavy call activity in March 55 and 60 strikes with March 52.5 puts being sold. Daily chart shows $49.33 touched in July and confirmed as support again on Jan 31st. Target the 50dma at say $55 to add to position.

Eli

Chart is worth a 1,000 words: $366 line in the sand served as support and coincided with the bottom of an uptrend channel on my chart. February 420 and 430 calls were bought in late January, giving us confidence that the recent price dip was a support test that got bought. Also note that the daily MACD appears ready to turn up and the money squeeze is building,...

Eli

Dillards DDS found support on multi year lows about 5 times in the last 8 months depending on how one wants to measure it. Greenlight Capital disclosed in its latest investment letter that Einhorn is bullish on Dillards and has built a position. On the option front, 1,250 May 55 puts appear to have been sold on January 11th around $5.20. We target $73, while...

Eli Updated 

181 level has been good support on weekly chart. Previous bounces led to 260 in a few months time. Expect the same again.

Eli Updated 

ACAD in a money squeeze that appears to release soon to the upside coinciding with resistance break through. Daily MACD turned bullish and major MAs turning up. A good long idea upon confirmation of break out.

Eli

15,000 of the February 17th $15 strike calls appear bought today for .90 while 15,000 of the February 17th 15 strike puts appear sold for .55. This synthetic long positions equates to the trader holding 1,500,000 shares at a breakeven price of $15.35. FDC daily chart looks primed to breakout with $17 easily in reach by expiry of this trade.

Eli

Sharp money has positioned themselves in BEN calls since mid November and have recently added with January 2017 and January 2018 calls, targeting 50% retrace of the 2015 high to 2016 low at $45. $41.50 is roughly the next resistance level, with $39 a decent stop loss level. BEN weekly chart is in a bull flag, fighting the 100 period moving average above. A break...

Eli Updated 

DIS off support breaking out of downtrend

Eli Updated 

UAL broke the down trend after testing support and bouncing. Price above 200dma and several others now. Confirmation above 51.50 with volume will lead to 54 test for Oct option expiry.