EARN25

Unusual Options Activity: AEO, TGT, LOW, LEN, and OMER

Pre-earnings traders circled retailers AEO, TGT, and LOW, while new highs sparked abnormal volume for LEN and OMER

Aug 18, 2015 at 4:55 PM
facebook X logo linkedin


The Dow finished lower today, despite more encouraging housing data, as traders exercised caution ahead of tomorrow's release from the Fed. Across all 12 options exchanges, 5.9 million calls crossed, compared to 5.5 million puts. The day's put/call volume ratio closed at 0.93. 

Pre-earnings traders circled retailers American Eagle Outfitters (NYSE:AEO), Target Corporation (NYSE:TGT), and Lowe's Companies, Inc. (NYSE:LOW).  AEO calls traded at 12 times the average daily clip, and outnumbered puts by a margin of more than 5-to-1. TGT calls crossed at six times the normal pace, while LOW puts traded at 10 times the average.

Lennar Corporation (NYSE:LEN) calls were 11 times hotter than usual, as the stock and its housing peers rallied to post-recession highs. In similar fashion, Omeros Corporation (NASDAQ:OMER) assailed new heights on upbeat drug news, sending overall option volume soaring to 33 times the norm. 


150818Puts


150818Calls

 

You Don’t Need 25 Alerts -- You Need ONE You Can Trust!

That’s the idea behind Trade of the Week, Schaeffer’s newest trade alert.

Every Monday morning before the opening bell, you’ll receive a single, expertly researched trade recommendation -- built from the same proprietary research we’ve been using for over four decades.

It’s not just a signal.

It’s a plan designed for traders who are tired of jumping from alert to alert without ever finding their edge.

No juggling alerts. No switching directions mid-week. Just one clear, expertly researched trade idea -- delivered before the market even opens.

👉 JOIN RIGHT NOW FOR JUST $1 TO GET THE NEXT TRADE!