Unusual Options Activity Tue 6/18/24

The following options are exhibiting notable trading, potentially indicating changing sentiment toward the underlying stocks, and/or potentially representing positioning for increased volatility.

Bullish Call Activity:

• CVNA Jun 115 calls (volume: 2940, open int: 2160, implied vol: ~65%, prev day implied vol: 58%). Co is expected to report earnings early August.
• SMCI Jun 950 calls (volume: 13.3K, open int: 2.8K, implied vol: ~78%, prev day implied vol: 74%). Co  continues to expand in Silicon Valley with new campuses as the demand for liquid-cooled data center increases. Co is expected to report earnings early August.
• HPE Jun 22.5 calls (volume: 9830, open int: 5830, implied vol: ~47%, prev day implied vol: 44%). Co introduced introduces new ai and hybrid cloud programs to boost partner profitability.  We noted activity in the Jun 22 calls yesterday (see 6/17 13:31 OPTNX). Nvidia CEO Huang to appear at HPE's Investor Relations Summit on June 18 to speak about the companies' AI partnership. Co is expected to report earnings late August.
• IP Aug 45 calls (volume: 4200, open int: 1470, implied vol: ~38%, prev day implied vol: 35%). Co is expected to report earnings late July.
  

Bearish Put Activity:

• C Jun 58 puts (volume: 6410, open int: 6870, implied vol: ~27%, prev day implied vol: 25%). Co reaffirmed FY24 revenue guidance at investor day (ongoing). Co is confirmed to report earnings July 12 before the open.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.87, VIX: (12.54, -0,21, -1.7%).
June 21 is options expiration -- the last day to trade June equity options.

International Paper (IP) reported earnings on Thur 30 Jan 20 (b/o)

** charts after earnings **

 

** next day  **

Int'l Paper beats by $0.06, misses on revs 
Reports Q4 (Dec) earnings of $1.09 per share, excluding non-recurring items, $0.06 better than the S&P Capital IQ Consensus of $1.03; revenues fell 7.6% year/year to $5.5 bln vs the $5.6 bln S&P Capital IQ Consensus.

Earnings this week : Jan 27 - 31, 20 (wk 5)

Monday (Jan 27)

• Morning: ARLP ARNC BOH DHI HMST NWBI SALT S
• Afternoon: ASH BRO CR ELS FFIV GGG HTLF IBTX JJSF JNPR LRN NBTB PKI RMBS SANM SSB TCF WSBC WHR

Tuesday (Jan 28)

• Morning: MMM AOS ALV CIT FBP FBC GPK HOG HCA LEA LMT MKC NUE PCAR PNR PFE PHG PII POL BPOP PHM SAP UTX XRX
• Afternoon: AMD ALK AAPL BXP CHRW CNI CMRE EBAY EQR FCF FHB MTSI MXIM MRCY MSTR MKSI MINI NVR OSIS PFG RGA RXN SLGN SKY SBUX SYK TRMK UMBF WRB XLNX

Wednesday (Jan 29)

• Morning: ANTM T ADP AVY BA EAT CP GIB CVLT GLW DOW DT EVR EXTR FCFS GD GE HES IR IVZ KNX LFUS MPC MKTX MA MCD MPLX NDAQ NYCB NSC NVS OSK PGR PB ROK ROL RES SC SNDR SMG SILC SLAB SWK SXC TROV TEL TXT
• Wednesday (Jan 29)
• Afternoon: AGNC ALGN ALGT AMP ADM AZPN AXS AX BDN CACI CLS CMPR CRUS CNMD CLB CREE DLB DRE ENVA ESS FB FBHS HOLX IEX ILMN ISBC KLIC LRCX LSTR LVS LM LLNW MLNX MTH MEOH MSFT MAA MDLZ MUSA EGOV PKG PYPL QRVO SEIC NOW TSLA TTEK URI VAR

Thursday (Jan 30)

• Morning: ALXN ADS FLWS MO ABC APO APTV AXTA BIIB BX BGG BC CRS CMS CNXM CNX KO CTVA CFR DHR DOV DD LLY EPD BEN GWW HSY IP KIM KEX LAZ MMP MMC MDC MTOR MIXT MNRO MSCI MUR NTCT NOC PH DGX RTN RFP ROP RDS.A SHW SPB SF TMO TSCO TFC UBSI UPS VLO VLY VZ WEC WCC WRK XEL
• Afternoon: AMZN AMGN AIV ARCB AJG BZH EPAY CPT CVCO CE CACC DECK EMN EW EA NVST FII FICO FLEX HA HAYN LEVI LPLA MATW MTX MITK NFG NATI OTEX POWI PFPT RMD RHI SIGI SKYW X VRTX V WDC

Friday (Jan 31) 

• Morning: ADNT AON BERY BAH BR CAT CHTR CVX CHD CL XOM GNTX HTH HON IDXX ITW IMO JCI KKR LYB MAN PSX PSXP PFS SBSI VRTS WY WETF

MONDAY

Arconic, DR Horton, Sprint, F5 Networks, Whirlpool

TUESDAY

3M, Lockheed Martin, LVMH, Pfizer, United Tech, Harley-Davidson, Xerox, PulteGroup, Advanced Micro, Apple, Starbucks, Alaska Air, eBay, Equity Residential

WEDNESDAY

AT&T, Boeing, Dow, General Electric, Mastercard, McDonald's, Novartis, Anthem, Corning, General Dynamics, Las Vegas Sands, Facebook, Microsoft, Mondelez, PayPal, Samsung Electronics, Tesla, United Rentals

THURSDAY

Altria, Biogen, Coca-Cola, Deutsche Bank, Eli Lilly, Royal Dutch Shell, Alexion Pharma, UPS, Verizon, Nintendo, H&M Hennes & Mauritz, Hershey, Blackstone, Northrop Grumman, Amazon, Amgen, Visa, Levi Strauss, Electronic Arts

FRIDAY

Caterpillar, Charter Comm, Chevron, Colgate-Palmolive, Exxon Mobil, Philips 66, Johnson Controls, Honeywell

Notable earnings reports:

• Ashland (NYSE:ASH), Rambus (NASDAQ:RMBS), Juniper Networks (NYSE:JNPR) and F5 Networks (NASDAQ:FFIV) on January 27; Apple (AAPL), eBay (NASDAQ:EBAY), AMD (NASDAQ:AMD), Lockheed Martin (NYSE:LMT), Pfizer (NYSE:PFE) and Starbucks (NASDAQ:SBUX) on Janury 28; 
• Facebook (FB), Microsoft (MSFT), McDonald's (NYSE:MCD), Boeing (BA), AT&T (NYSE:T), Tesla (TSLA), Cree (NASDAQ:CREE), Mastercard (NYSE:MA), Mondelez International (NASDAQ:MDLZ) and PayPal (NASDAQ:PYPL) on January 29; 
• Altria (MO), Coca-Cola (NYSE:KO), DuPont (NYSE:DD), Raytheon (NYSE:RTN), Verizon (NYSE:VZ), Visa (NYSE:V), Electronic Arts (NASDAQ:EA), Nintendo (OTCPK:NTDOY), Biogen (NASDAQ:BIIB), Amazon (AMZN) and UPS (UPS) on January 30; 
• Caterpillar (CAT), Honeywell (NYSE:HON), Chevron (NYSE:CVX) and Exxon Mobil (XOM) on January 31.

Long trade : IP +10% (1/19)

 

International Paper (IP) reported earnings on Thur 25 Oct 18 (b/o)

** charts after earnings **

 

** 1 day later  **

** 1 month later  **

MEMPHIS, Tenn. (AP) _ International Paper Co. (IP) on Thursday reported third-quarter profit of $562 million.

On a per-share basis, the Memphis, Tennessee-based company said it had net income of $1.37. Earnings, adjusted for non-recurring costs, came to $1.56 per share.

The results surpassed Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.47 per share.

The global paper and packaging company posted revenue of $5.9 billion in the period, matching Street forecasts.

International Paper shares have decreased 31 percent since the beginning of the year, while the Standard & Poor's 500 index has dropped roughly 1 percent. The stock has dropped 32 percent in the last 12 months.