J.K.K.

May 18th, 2015

EVENING WRAP-UP
Market Indices
DJIA: 18298.88 (+26.32) S&P 500: 2129.20 (+6.47) NASDAQ: 5078.44 (+30.15)

Options Action
Company

Symbol

Description

Price

Volume

OI

Notes

Arista Networks

ANET

June 65 Put

2.00

5,697

897

Shorting Puts

Fiat Chrysler

FCAU

July 16 Call

0.55 - 0.70

7,210

Toll Brothers

TOL

July 41 Call

0.33

3,422

Toll Brothers

TOL

July 37 Put

1.10

1,385

Toll Brothers

TOL

July 34 Put

0.33

1,376

Cracker Barrel

CBRL

June 130 Put

1.95

1,164

1,075

Put Spread

Cracker Barrel

CBRL

June 115 Put

0.25

941

773

Will Check OI
Tomorrow

Hatteras Financial

HTS

0.65

1,107

34

Lazard

LAZ

1.05

2,652

132

Pennsylvania REIT

PEI

November 17
Put
September 50
Put
July 24 Call

0.50

3,018

106

Silicon Labs

SLAB

October 55 Put

6.10

1,290

Oneok Partners

OKS

October 45 Call

2.30

4,073

1,012

DSW Inc.

DSW

July 35 Put

1.60

3,009

1,887

Fairchild
Semiconductor
Paychex

FCS

August 20 Put

1.20

2,914

1,827

PAYX

July 48 Put

0.60

2,008

Radian Group

RDN

August 18 Put

0.90

4,000

248

Vulcan Materials

VMC

June 90 Put

1.20 - 1.25

4,488

2,069

Imax Corporation

IMAX

June 39 Call

0.90

1,002

801

iShares 20 Year
Treasury
iShares 20 Year
Treasury
Deutsche Bank

TLT

June 120 Call

1.99

17,363

5,668

Straddle

TLT

June 120 Put

2.73

19,919

14,649

Straddle

DB

0.95 - 1.00

5,000

39

Europe Hedged

HEDJ

January (2016)
27 Put
June 67 Call

0.45

3,155

171

H&R Block

HRB

1.89

10,039

597

H&R Block

HRB

2.29

10,007

1,532

Risk Reversal

Ocwen Financial

OCN

January (2016)
30 Put
January (2016)
32 Call
July 7 Put

Action in the
June 68 Calls
Shorting Puts

0.15

13,314

6,298

SEC
Investigation?

July 40 Calls saw

action on Friday

Shorting Puts

TJX Companies

TJX

June 67.5 Call

1.30

7,998

2,737

WisdomTree
Investments
Waste
Management
Las Vegas Sands

WETF

June 18 Put

0.55

45,459

879

WM

June 50 Call

0.60

5,590

1,124

LVS

May (22) 51 Call

0.41 - 0.45

7,712

273

Diebold

DBD

June 35 Call

0.40

2,510

121

Hanesbrands

HBI

July 32.5 Call

0.65

3,006

1,387

Rent-A-Center

RCII

June 35 Call

0.55

4,181

1,041

Aflac

AFL

0.36

3,825

61

Shorting Puts

Aflac

AFL

0.46

3,938

169

Risk Reversal

Prudential

PRU

November 47.5
Put
November 70
Call
July 90 Call

1.10 - 1.35

8,427

Action in the July

87.5 Calls as well

Humana

HUM

June 175 Put

4.70

3,557

320

Cigna

CI

7.00

1,000

144

Nu Skin
Enterprises
Yum Brands

NUS

January (2016)
140 Call
May (22) 50 Put

0.50

2,693

48

4.10

3,989

214

IEF

October 97.5
Call
June 107 Call

0.45

4,117

7,185

LEA

June 115 Call

2.50

5,612

972

YUM

7-10 Year Treasury

Bond
Lear Corp

Earnings this
week

Will Check OI
Tomorrow

Option Highlights
Sysco Corp. (SYY):

The July 40 Calls were active today, trading a total of 4,470 times, mostly for 0.25 0.30. One would
assume the majority of these were purchased in anticipation that the Sysco/US Foods merger goes
through.

Molson Coors (TAP):

Today, the October 85/95 Call Spreads trade for 1.60 Debit. What seems to be a never ending ordeal,
these options would likely signify a deal gets done with SABMiller or Molson Coors is able to buy out its
MillerCoors joint venture if $BUD acquires SABMiller.

iPath Bloomberg Coffee ETN (JO):

Another commodity in play today today when a total of 1,442 ITM September 21 Calls trade between 3.90
4.20. These same options were active back on 3/30/2015 when they were purchased between 3.80
4.20. Just last week we saw the Teucrium Corn Fund ($CORN) with bullish option flow as well as the

Powershares Agriculture ETF ($DBA). Coffee does happen to be one of DBAs top holdings. The chart for
$JO (as shown below) looks great as well bouncing of a key support level.

After Hours Movers

Momo Inc. (MOMO)
Take Two Interactive (TTWO)
Lakeland Industries (LAKE)
Urban Outfitters (URBN)
Linn Energy (LINE)
Achillion Pharmaceuticals (ACHN)

Earnings Central
Results After the Close Today
Ticker

Company

Industry

EPS (Est)

EPS ( Act)

Rev (Est)

Rev (Act)

Notes

Agilent Tech.

Medical Lab &

Research

$0.39

$0.38

$989.30M

$963.00M

TTWO

Take Two

Multimedia &
Software

$0.27

$0.49

$458.94M

$427.70M

URBN

Urban Outfitters

Apparel Stores

$0.30

$0.25

$758.25M

$739.01M

Issues Q3 Outlook
Announces
Buyback ; Issued
Guidance
Comps Rose 4%
(Street was looking
for 5.3%)

Rev (Act)

Notes

Scheduled Names Before the Open Tomorrow

Ticker
CMCM
EJ

Company

DKS

Cheetah Mobile
E-House Holdings
Dicks Sporting
Goods

HD
LEJU

Home Depot
Leju Holdings

Industry
Application
Software
Property Mgmt.
Sporting Goods
Home
Improvement
Property Mgmt.

EPS (Est)

EPS ( Act)

Rev (Est)

RRGB
SSI
TJX

Red Robin
Stage Stores
TJX Companies

VOD
VRS
WMT

Vodafone
Verso Paper
Wal-Mart

Restaurants
Apparel Stores
Dept. Stores
Wireless
Communication
Paper Products
Discount Stores

Mergers and Acquisitions

Company

Ticker

Industry

Notes

Endo International

ENDP

Drug Manufacturers

Ann Inc.

ANN

Apparel Stores

iKang Healthcare Group

KANG

Medical Laboratories & Research

Xerox

XRX

Information Technology Services

Lannet Company

LCI

Drugs - Generic

Whirlpool

WHR

Appliances

Colfax

CFX

Diversified Machinery

Buying Par Pharmaceuticals from

TPG Capital for $8.05B
Will be bought by Ascena Retail
Group for $47/share or $2.0B
Acquired a 100% share of Ommay
Health Management
Announced its acquisition of
Healthy Communities Institute
Signed an agreement to acquire
privately held, Silarx
Pharmaceuticals
Will acquire privately held
American Dryer Corporation
Will acquire Roots blowers and
compressors for $185M

Insider Action
Date

Company

Symbol

Trade Value

5/18/2015

Alon USA Energy

ALJ

$575,784,180

5/18/2015

Dillards

DDS

$462,440

5/18/2015

Alon USA Energy

ALJ

$575,784,180

5/18/2015

Microsoft

MSFT

$97,351,200

5/18/2015

Dynegy

DYN

$33,177,363

5/18/2015

Eli Lilly

LLY

$14,566,400