Unusual Options Activity Fri 6/7/24

 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:

• BB June28 3.00 Calls (volume: 2174, open int: 1865, implied vol: ~96%, prev day implied vol: 71%). Co is expected to report earnings early July. Co is down 4% today. 
• CLSK June14 18.50 Calls (volume: 2341, open int: 1495, implied vol: ~96%, prev day implied vol: 82%). Co is expected to report earnings early August. 
• MBLY June21 32.00 Calls (volume: 2929, open int: 648, implied vol: ~65%, prev day implied vol: 57%). Co is expected to report earnings late July. Stock is up 11% in today's session. 

Bearish Put Activity: 

• DOCU June07 49.00 Puts (volume: 2839, open int: 1148, implied vol: ~37%, prev day implied vol: 35%). Co reported earnings and announced a $1 bln increase to share repurchase program yesterday. Stock is down 5% in today's session. 
• TMUS July05 180.00 Puts (volume: 2443, open int: 1034, implied vol: ~19%, prev day implied vol: 18%). Co is expected to report earnings late July. 

Sentiment: The CBOE Put/Call ratio is currently: 0.99, VIX: (12.28, -0.30, -2.38%). June 21 is options expiration -- the last day to trade June equity options

Insider Trading Fri 11/3/23

Notable purchases -- President & CEO adds to B; notable sales -- Chairman & CEO active in CUBI

Buyers:

• AROW Directors (2) bought 4,460 shares at $21.27 - $21.52 worth ~$96K.
• B President & Chief Executive Officer and one (1) Director bought a total of 127,000 shares at $20.61 - $21.46 worth ~$2.7 mln.
• LC Chief Executive Officer, Chief Financial Officer, SVP-Corporate Controller, and nine (9) Directors bought a total of 120,000 shares at $5.15 - $5.25 worth ~$623K.
• MBLY Director bought 27,819 shares at $35.69 - $36.00 worth ~$1.0 mln.
• SBSI Director bought 3,555 shares at $26.83 - $27.10 worth ~$96K.
• WEX Director bought 1,000 shares at $165.31 worth ~$165K.

Sellers:

• APLT 10% owner sold 327,742 shares at $2.32 - $2.47 worth ~$781K.
• CUBI Chairman & CEO sold 100,739 shares at $39.06 - $42.27 worth ~$4.1 mln.
• ROVR 10% owner sold 449,780 shares at $6.21 - $6.50 worth ~$2.9 mln.
• TBBK EVP Head of Commercial Lending and EVP Head Commercial RE sold a total of 10,234 shares at $38.09 - $38.33 worth ~$391K.
• TZOO 10% owner sold 195,000 shares at $6.91 - $7.46 worth ~$1.4 mln.

Mobileye (MBLY) to be acquired by Intel (INTC) for $63.54/share

    

• Mobileye (MBLY), the Israeli autonomous driving software company,  to be acquired by Intel (INTC) for $63.54/share in cash, or ~ $15.3 bln

SANTA CLARA, Calif. (AP) — Intel will buy Israel's Mobileye in a deal valued at just over $14 billion, the latest push by a major tech company to advance autonomous vehicles that could change the way traffic moves globally.

Mobileye develops technology that essentially gives computers a sense of their physical surroundings and it has also been busying creating ties to get that technology onto the road. Last year, it teamed up with Delphi Automotive to develop the building blocks for a fully autonomous car.

The companies put the equity value of the deal at approximately $15.3 billion.

The combined global autonomous driving company, which includes Mobileye and Intel's autonomous driving group, will be based in Israel and led by Mobileye Chairman and co-founder Amnon Shashua. The organization will support both companies' existing production programs and build on relationships with automotive original equipment manufacturers, Tier-1 suppliers and semiconductor partners to develop advanced driving assist, highly autonomous and fully autonomous driving programs.

Intel CEO Brian Krzanich said in a company release that by working together, the companies will be able to "accelerate the future of autonomous driving with improved performance in a cloud-to-car solution at a lower cost for automakers."

=Mobileye N.V. (MBLY) reported earnings on Tue 15 November 2016 (b/o)

Mobileye N.V. beats by $0.01, beats on revs :

• Reports Q3 (Sep) earnings of $0.19 per share, $0.01 better than the Capital IQ Consensus of $0.18; revenues rose 34.4% year/year to $94.9 mln vs the $89.48 mln Capital IQ Consensus. 
• Within total revenue, original equipment manufacturing (:OEM) revenue was $72.6 million, compared to $60.8 million in the prior-year period. EyeQ chip volume increased to 1,553 thousand EyeQ units, compared to 1,351 thousand units in the prior-year period. The EyeQ Average Selling Price (:ASP) per unit for the third quarter of 2016 was $45.50, up from $43.50 during the same period last year and $44.50 in Q2. After market (AM) revenue contributed the remaining $22.3 million of total revenue for the third quarter of 2016 compared to $9.8 million in the prior-year period.
• "Strategically, we continue to see rising interest for higher-level autonomous vehicle technology. Most new customer requirements for future programs now include a semi-autonomous feature-set in addition to Advanced Driver Assist System safety features. We have also seen an uptick in discussions relating to Fully Autonomous programs on the heels of our two recently-announced Level 4 programs with BMW and Delphi. I am pleased that our customers continue to recognize the value Mobileye provides across the entire driving spectrum -- from Driver Assist to Fully Autonomous."

=Mobileye (MBLY) reported earnings on Tue 26 Jul 2016 (b/o)

Mobileye N.V. beats by $0.02, beats on revs; guides on call:

• Reports Q2 (Jun) earnings of $0.17 per share, excluding non-recurring items, $0.02 better than the Capital IQ Consensus of $0.15; revenues rose 58.1% year/year to $83.5 mln vs the $76.98 mln Capital IQ Consensus. Within total revenue, original equipment manufacturing (:OEM) revenue was $64.4 million, compared to $43.6 million in the prior-year period.
• EyeQ chip volume increased 45.4% year-over-year to 1,409 thousand EyeQ units, compared to 969 thousand units in the prior-year period. The EyeQ Average Selling Price (:ASP) per unit for the second quarter of 2016 was $44.5, up from $43.7 during the same period last year. After market (AM) revenue contributed the remaining $19.1 million of total revenue for the second quarter of 2016 compared to $9.2 million in the prior-year period.
• "In addition to winning new ADAS programs and new Tier-1 partnerships, we have begun an expansion of our value proposition by creating partnerships with automakers and others in order to bring fully autonomous driving to volume production within the next five years. The BMW/Intel/Mobileye partnership is the first significant collaboration of this type and we anticipate others. Overall, we believe we have made important progress in advancing our strategy of securing a significant, long-term presence in all levels of autonomous driving."

Great trade : MBLY +10% (6/16)

• #97  on 6/16/16