Unusual Options Activity Wed 9/13/23

Stocks seeing volatility buying (bullish call buying/bearish put buying):

Calls:

• TEVA Sept 8 calls are seeing interest with 105 contracts trading vs. open int of 10760, pushing implied vol up around 93 points to ~260.72%. The Co is expected to report its next earnings in late October/ early November
  
• FSLY Sept 12.50 calls are seeing interest with 120 contracts trading vs. open int of 630, pushing implied vol up around 206 points to ~325.6%. The Co is expected to report its next earnings in late October/early November

Puts:

• VFS Sept 70 puts are active with 60 contracts trading vs. open int of 1240, pushing implied vol down around 368 points to ~968.24%. There was a Barrons report that half of its 2023 EV sales were to a taxi company, controlled by itself
  
• SMTC Sept 21 puts are active with 110 contracts trading vs. open int of 2570, pushing implied vol down around 86 points to ~259.77%. The Co will report this afternoon

Sentiment: The CBOE Put/Call ratio is currently: 1.03, VIX: (13.44, -0.79, -5.55%).
September 15 is options expiration -- the last day to trade September equity options.

Fastly (FSLY) reported earnings on Wed 4 Aug 21 (a/h)

 ** charts before earnings **

** charts after earnings **

Fastly beats by $0.03, misses on revs; guides Q3 and FY21 below consensus; co says its network experienced a global outage

• Reports Q2 (Jun) loss of $(0.15) per share, excluding non-recurring items, $0.03 better than the S&P Capital IQ Consensus of ($0.18); revenues rose 13.9% year/year to $85.03 mln vs the $85.98 mln S&P Capital IQ Consensus.
• Co issues downside guidance for Q3, sees EPS of $(0.21)-(0.18), excluding non-recurring items, vs. ($0.10) S&P Capital IQ Consensus; sees Q3 revs of $82-85 mln vs. $97.91 mln S&P Capital IQ Consensus.
• Co issues downside guidance for FY21, sees EPS of $(0.65)-(0.57), excluding non-recurring items, vs. ($0.43) S&P Capital IQ Consensus; sees FY21 revs of $340-350 mln vs. $382.50 mln S&P Capital IQ Consensus.
• Global Outage: "On June 8, our network experienced a global outage affecting nearly all customers. The outage resulted from an undiscovered software bug that was triggered by a valid customer configuration change. We detected the bug within one minute and returned 95% of our network to normal within 49 minutes, but our customers were negatively impacted. As a result, we saw traffic volumes decrease and issued credits to customers following the incident. Given the usage-based nature of our business model, this resulted in an impact to our Q2 results, and we expect to see a downstream impact on revenue from the outage in the near-to medium-term as we work with our customers to bring back their traffic to normal levels. We continue to implement significant measures to ensure increased resiliency for our customers and their users, and we continue to engage with our customers to regain their confidence in Fastly."

Earnings this week : Aug 2 - 6, 2021 (wk 31)

Monday (Aug 2)

• Morning:  ARCB CNA RACE GPN GPRE JELD ON TKR TSEM
• Afternoon: ACHC ADUS AWK ANET BCC BRX BRKR BWXT COLM CLR FANG PLOW EMN EVER FRPT HLIT HMN NSP KMT LEG MOS NXPI OHI OGS OTTR PXD RMBS O REYN SANM SBAC SPNE SPG SEDG TTWO RIG TREX UCTT RARE UIS UNVR VRNS VNOM VNO WMB WWD ZI

Tuesday (Aug 3)

• Morning: BABA ATI ALNY AME ARNC ATKR AVNS BHC BP CWH CWEN CLX COP CRSR CMI DISCA DNB DD DEA ETN LLY ETRN ESPR AQUA EXPD FIS FI BEN IT ROCK HEES HLNE HSC HSIC HSKA IAA INCY INGR IGT IPGP KKR LCII LDOS LGIH LPX MAR MTRN MIME NNN EDU NKLA NVT OPCH OMI PCRX PSX PSXP PBI PEG RCM RL RHP SABR SAGE SEE SWI SUN TNC BLD UAA WMG WAT WEC WBT WLK WLTW XHR XYL ZBRA ZBH
• Afternoon:  ATVI AKAM AYX AFG AMGN APAM AIZ CAR BNFT BKH BLKB CZR CDLX CW DVA DCPH DK DENN DVN DEI ET NVST EVTC FICO FNF FMC FRG GBT GDOT PEAK HST HPP H ICFI ICHR INFN IOSP INSP NVTA JAZZ KAI KAR KFRC KTOS LSCC LSI LYV LPSN LYFT MANT MTCH MGRC MRCY MYGN NSA NCR NPTN NBIX NEWR NMIH NDLS OI OXY OKE OSUR PACB PAYC PAA PRIM PUMP PRO PRU PSA QTS KWR RDN RGA RNG RRD TSLX SKLZ SKY SRC SPT SPWR SHO SKT TX TTEC UNM VREX VECO VRSK WTI WK

Wednesday (Aug 4)

• Morning:  AEIS ALE ABC APO ASTE AVA BDC BCOR BWA CAMT CDW FUN CRL CIM CLH CIGI CRTO CVS EDIT EMR ETR EVOP EXC EXPI FDP GEL GEO HFC HMC HZNP HWM IONS JLL KHC LL MAC MPC MTOR MPLX NYT NXST NI DNOW ODP PSN DOC PLTK RCL SPNS SMG SBGI SITE SPR FLOW SMP TT TGI TUP UTHR VCEL VIRT VMC
• Afternoon:  TXG ONEM EGHT ACAD ADPT ADT ADTN ALB ALL DOX AMED ANGI ANSS APA ACA ARLO ATO ATRC ACLS BTG BE BKNG BOOT BFAM CSII CDAY CHNG XEC CCMP CMP CPA CCRN DCP DXC ELF EA ECPG EQH ETSY FSLY FATE FRT FLT FCPT FOXA FTDR GMED GDDY HR HI TWNK HUBS IAG ICUI IIPR INGN INSG IAC JACK JRVR KW KLIC LESL LHCG LNC LUMN MFC MRO MAXR MCK MDU MED MET MTG MGM MNTV MWA NSTG NVRO NEX NUS OSPN ORA ORCC PLMR PDCE PETQ PING PLYA QTWO QRVO QNST RPD RYN RMAX RCII RVLV ROKU RPT SRPT SITM SJI STAA SRI RGR SUM SLF SUPN TNDM TTGT TRMB TSE TWO UBER UGI UPLD VVV VZIO HCC WCN WTS WDC WU WYNN YELL

Thursday (Aug 5)

• Morning: ABMD ACIW GOLF AHCO ADNT WMS AES AMRN AMRS APTV ARW ATH AAWW BLL BCE BDX BERY TECH BKI BV BIP BEP BLDR CAH CARS CNP ECOM LNG CQP CHH CI CCOI COMM DDOG DLX XRAY DIN DUK EPC EPAM EVRG FVRR FOCS GCP GIL GOGO GTN HBI HL HIMX HII NSIT INSM IBP NTLA IDCC IRM IRWD ITRI K LXP MMS MRNA MUR NFE NICE NJR NOMD NWN NVMI NRG NS OGE PZZA PH PENN PNW PPL PQG PBH PWR ROLL REGN STNG SEAS SRE FOUR SR STWD STOR SSYS TAL TGP TNK TEN TMX SHYF TRI THS USPH VIAC VSAT VG WD W WCC WRK YETI ZIXI ZTS
• Afternoon:  AAON XLRN ACMR AL ATSG ALRM Y LNT MDRX ALTR AEE AEL AMH AIG COLD AMN AINV APPN ARNA ARWR AVLR AXON AXNX BGS BLDP BAND BECN BYND BIGC BL BHF BRKS CARG CVNA CERT CHUY CLNE NET CDXS CGNX COLL ED CNDT CSOD CTVA CVET CYRX CWK DRH DIOD DBX LOCO ENTA ENDP ENV EOG EXEL EXPE FEYE FSR FND FLS FOXF FNKO G GKOS GPRO LOPE GRPN GH HCAT HTA ILMN PODD IFF IOVA IRTC ITT JCOM FROG LGF.A LTHM RAMP MGNI MTW MTZ MNST MSI MP NTRA NFG NKTR NWSA LASR NVAX ONTO OTEX OPRT OEC OUT PK PCTY PBA PFSI PRDO POST PRAA PRI PRA PGNY PBYI QDEL RDFN REG REZI RMD RBA RLJ SGMO SEM SHAK SFM SPXC SQ STMP RUN SWCH SYNA TRHC TDC TPIC TRIP TRUE OLED VLDR VMEO VIR SPCE VOYA WPRT YMAB YELP ZG ZGNX ZNGA

Friday (Aug 6)  

• Morning:  AMCX CGC CNK ROAD CRON D ESNT FLR GT IEP TILE XENT KOP LEA MGA MMI MD MGP MODV NEO NCLH NUAN QRTEA SSP SPB SRCL TWST VTR VNT

-=Fastly (FSLY) reported earnings on Wed 6 May 20 (a/h)

Fastly beats by $0.18, beats on revs; guides Q2 EPS above consensus, revs above consensus; raises FY20 EPS above consensus, revs above consensus

Reports Q1 (Mar) earnings of $0.06 per share, $0.18 better than the S&P Capital IQ Consensus of ($0.12); revenues rose 38.2% year/year to $63 mln vs the $59.4 mln S&P Capital IQ Consensus.

Co issues upside guidance for Q2, sees EPS of ($0.02)-$0.00 vs. ($0.11) S&P Capital IQ Consensus; sees Q2 revs of $70-$72 mln vs. $59.96 mln S&P Capital IQ Consensus.

Co issues raises guidance for FY20, sees EPS of ($0.15)-($0.08) vs. prior guidance of ($0.43)-($0.32) and vs. the ($0.40) S&P Capital IQ Consensus; sees FY20 revs of $280-$290 mln vs. prior guidance of $255-$265 mln and vs. the $259.62 mln S&P Capital IQ Consensus.

Earnings this week : May 4 - 8, 20 (wk 19)

Monday (May 4)

• Morning: PETS GATX KELYA PFGC NNN PETS PBI TSN WAB WEC WLK 
• Afternoon:  ACHC ALSN AIG AWR CAR CHGG DLB FN FIVN FRPT ITRI JKHY KMT KN LEG LMNX MHK MOS RMBS O RBC REXR SHAK SWKS SYKE THC TXRH TREX VNOM VNO WWD XPO

Tuesday (May 5)

• Morning: ACM AER AMCX APTV ARMK ARCC DBD D DD DEA FCAU GPI HSIC ITW INCY INGR IPGP JELD JLL TREE LGIH LPX LITE MNK MPC SBSI SYY TRI BLD TDG USCR USFD W WBT WRK
• Afternoon: ATVI ANET BYND BLKB CAMP CAKE COHU CMP DVA DK DVN EA ICFI IOSP INGN INSP NVTA JAZZ KGC KLAC LC LPSN DOOR MTCH MATX MAT MELI MEOH MGNX MODN MYGN NVRO ONTO PINS PAA PLNT PRO PRU SFM STOR VRSK VOYA DIS WU

Wednesday (May 6)

• Morning: AEIS ALXN ARES ASTE BWA BG CARS CBZ CDW FUN IMOS CNHI CGEN CVS DISCA GCP GM GEL GPC ROCK GPN KL KKR MYE NYT DNOW NS ODP OMI PZZA PSN PAG SBH STNG SMG SHOP TMHC TNC MEET VMC WD WM WEN WING WYND ZTS
• Afternoon: DDD ADTN ALB AYX AMED AEL AWK AMP ANGI ANSS APA AZPN ATO AVB BNFT BIO BEAT EPAY BFAM BRKR CCMP CVNA CTL CDAY CF CHEF XEC CPA CXW CSGS CUB CW DAR DCP DRQ ENTA EPR EQIX ESE ESPR WTRG ESS ETSY RE EVRG ES EXAS STAY EXR FSLY FRT FG FORM FTNT FCPT FOXA FOXF FNV GBT GDDY GRUB HR HI HUBS H IMMU INSG IAC INVH IRWD KRO LCI LGND LNC LVGO LYFT CLI MX MFC MRO MET MAA NTRA NBIX LASR NMIH NDLS NUS NTR NUVA OSUR PAAS PYPL PTON PING PXD PPD QTWO QGEN QDEL RDN RMAX RP RNR RCII REZI RNG RGLD SRPT SEDG SONO SJI SAVE SQ STAA SRI RUN TMUS TLND TTGT REAL TIVO TRMB TSE TROX TWLO TWO UDR UGI RARE UPWK VVV VIAV WCN WTS WELL WPM WPX WYNN ZIXI ZNGA 

Thursday (May 7)

• Morning: AAON AAN ACIW GOLF AES ABC BUD MT AAWW BLL BHC BCE BDX BV BMY CNQ CNNE CBRE CNP ECOM CRL CWEN CCOI CFX COMM CTB CORE CTVA DHR DISH SATS EPC EDIT ELAN ENB ENDP ENR EPAM EQT EXLS FIS FVRR FOCS IT THRM GTN HAIN HL HES HLT HIMX HFC HII NSIT IART NTLA IDCC IRM JBLU KAR KTB LAMR LAUR LXP MGA MBUU MMS MD MIDD MRNA MUR EYE NTCT NOMD OGE PCRX PEGI PENN PRFT DOC PBH PWR RTX RHP SERV SHLX SPAR SRCL TGNA TU TEVA TW THS VIAC VIRT VSTO VG WEX XEL YETI 
• Afternoon: ADT AL ALRM APPN AAXN BECN BILL BJRI BKNG CTSH SCOR ED CCRN DBX ENV EOG FSLR FISV GLUU GPRO LOPE GH HLF ICUI IPHI PODD ITGR LHCG LSI LYV MTW VAC MCHP MNST NWSA NUAN OMCL PDCE PEB PBA PRAA PFPT PBYI QRVO QLYS RPD RDFN RBA ROKU SKYW STMP SPWR SVMK SYNA TDC TTD TRUE TCX UBER OLED UPLD ECOL YELP ZG 

Friday (May 8) 

• Morning: AXL ATH AVA BLMN BPMP BR BIP CATM REOAD CRON UFS ESNT EVTC EVOP EXC GTT HEES HSC HMSY TWNK TILE KIM LEA NJR NBL OUT PBF PNW PPL SABR SSP SEAS SR SHO SWCH TEN VTR

*******

Earnings spotlight: Tyson Foods (NYSE:TSN), Shake Shack (NYSE:SHAK), Skyworks Solutions (NASDAQ:SWKS), Freshpet (NASDAQ:FRPT) and Chegg (NYSE:CHGG) on May 4; Marathon Petroleum (NYSE:MPC), Fiat Chrysler Automobiles (NYSE:FCAU), Sysco (NYSE:SYY), Beyond Meat (NASDAQ:BYND), US Foods (NYSE:USFD), DuPont (NYSE:DD), Activision Blizzard (NASDAQ:ATVI), Disney (NYSE:DIS), Prudential (NYSE:PRU), Allstate (NYSE:ALL) and Dominion Energy (NYSE:D) on May 5; CVS Health (NYSE:CVS), General Motors (NYSE:GM), Bunge (NYSE:BG), Barrick (NYSE:GOLD), MetLife (NYSE:MET), T-Mobile US (NASDAQ:TMUS), Etsy (NASDAQ:ETSY), Shopify (NYSE:SHOP), Peloton Interactive (NASDAQ:PTON) and PayPal (NASDAQ:PYPL) on May 6; AmerisourceBergen (NYSE:ABC), JetBlue (NASDAQ:JBLU), Booking Holdings (NASDAQ:BKNG), Raytheon Technologies (NYSE:RTX), Anheuser-Busch InBev (NYSE:BUD), Bristol-Myers Squibb (NYSE:BMY), ViacomCBS (NASDAQ:VIAC), Baidu (NASDAQ:BIDU), Uber (NYSE:UBER), News Corp (NASDAQ:NWSA) and Post Holdings (NYSE:POST) on May 7; and SeaWorld Entertainment (NYSE:SEAS), Cronos (NASDAQ:CRON) and PBF Energy (NYSE:PBF) on May 8.

=Fastly (FSLY) reported earnings on Thur 7 Nov 19 (a/h)

Fastly beats by $0.04, beats on revs; guides Q4 EPS in-line, revs in-line; guides FY19 EPS above consensus, raises revs above consensus 

Reports Q3 (Sep) loss of $0.09 per share, excluding non-recurring items, $0.04 better than the S&P Capital IQ Consensus of ($0.13); revenues rose 35.3% year/year to $49.8 mln vs the $48.05 mln S&P Capital IQ Consensus.

Co issues in-line guidance for Q4, sees EPS of ($0.13)-($0.10), excluding non-recurring items, vs. ($0.11) S&P Capital IQ Consensus; sees Q4 revs of $52.5-56.5 bln vs. $53.03 mln S&P Capital IQ Consensus.

Co issues upside guidance for FY19, sees EPS of ($0.54)-($0.51), excluding non-recurring items, vs. ($0.58) S&P Capital IQ Consensus and prior guidance of ($0.59)-($0.51); sees FY19 revs of $194-198 mln vs. $192.88 mln S&P Capital IQ Consensus and prior guidance of $191-195 mln.