Unusual Options Activity, Fri 5/12/23

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 May 11 calls  are seeing interest with the underlying stock down 11% (volume: 13.5K, open int: 580, implied vol: ~317%, prev day implied vol: 163%). 5030 contracts traded in a single transaction. Co is expected to report earnings early August.
• FHN May 10 calls (volume: 3280, open int: 120, implied vol: ~68%, prev day implied vol: 62%). Co is expected to report earnings mid-July.
• SFM May 38 calls (volume: 3260, open int: 0, implied vol: ~30%, prev day implied vol: 26%). Co is expected to report earnings early August.
• NRG Jun 33 calls (volume: 2370, open int: 20, implied vol: ~34%, prev day implied vol: 31%). 1080 contracts traded in a single transaction. Co is expected to report earnings late July.
  

Bearish Put Activity:

• PARA May 15 puts (volume: 1740, open int: 310, implied vol: ~91%, prev day implied vol: 54%).  1270 contracts traded in a single transaction. Co is expected to report earnings early August.
• PLAY May 25 puts (volume: 2240, open int: 10, implied vol: ~72%, prev day implied vol: 54%). Co is scheduled to present at an investor day on Tuesday, May 16. Co is expected to report earnings early June.
  

Sentiment: The CBOE Put/Call ratio is currently: 0.90, VIX: (17.58, +0.65, +3.8%).
May 19 is options expiration -- the last day to trade May equity options.

Paramount Global (PARA) reported earnings on Wed 2 Nov 22 (b/o)

 ** charts before earnings **

** charts after earnings **

 

 

Paramount Global misses by $0.05, misses on revs; Paramount+ added 4.6 mln subscribers. 

• Reports Q3 (Sep) earnings of $0.39 per share, $0.05 worse than the S&P Capital IQ Consensus of $0.44; revenues rose 4.6% year/year to $6.92 bln vs the $7.05 bln S&P Capital IQ Consensus.
• Paramount+ Added 4.6M Subscribers and Grew Revenue 95%.
• Pluto TV Reached 72M Monthly Active Users (MAUs) Globally.

Earnings this week : Oct 31 - Nov 4, 22 (wk 44)

Monday (Oct 31)

• Morning:  CNA GPN HWM NSP JELD ON PEG SAIA XPO
• Afternoon: ACHC ADUS AFL AWK AMKR ANET CAR AXNX NTB BCC CHE CINF CIVI CNO PLOW FLS GT HLIT HTLF HLF HOLX IMAX KMT KFRC LSCC LEG VAC NXPI OGS OTTR PSMT RMBS RRX RHP SBAC SON SYK TREX VRNS VNO WMB

Tuesday (Nov 1)

• Morning: ABMD AJRD AGCO AME ARCB ARNC AVA TECH BCOR BPMC BP CTLT CNP CIGI CVLT DEA ETN ECL ECVT LLY NPO EPD ETRN ESPR FOXA BEN IT HLNE HSC HAYW HSIC IDXX INCY ICPT IPGP KKR LCII LEA LDOS LGIH LPX MPC TAP MPLX MYGN NBIX NEM PFE PSX PBI PINC PACK RGEN SAFE STNG SEE SPG SIRI SOFI SUN SYY TRI BLD TRTN UBER WAB WAT WEC XYL ZBRA
• Afternoon:  AEIS AMD ABNB AYX AIG ANDE APAM AMK AIZ ATCO ATRC BTG BAND BLKB BFAM BRX CZR CWH CDLX CAKE CHGG CHK CRUS CLX CRK CNDT CACC DENN DVN EIX EA ET EXEL EXR FMC FCPT FRPT FRSH HRB THG PEAK HURN INSP INST IRTC JRVR KAI KAR LFUS LTHM MGY MTCH MCK MRCY MSTR MIR MDLZ NMIH OI OKE OSPN PAYC PUMP PRO PRU PSA RNR REZI SPNE SCI SIMO TSLX SKY SNCY SMCI UNVR UNM VRSK VRAY VOYA WU YUMC ZETA ZI

Wednesday (Nov 2)

• Morning:  ACIW ALKS ATI APO ASTE AVNS AVDX AVNT BDC EAT BR BIP CHRW GOOS CDW FUN CVE CRL CLH CVS DIN DFIN DT EDIT EMR ENOV ENTG ETR EL EXPI RACE FDP FYBR GNRC THRM HZNP HUM INGN JLL LIVN LL MLM MTRN MLCO NNN NYT DNOW ODP OMCL PARA PSN RDWR RITM ROK SABR SMG SBGI SITE SHC SHOO TEL TT TRMB TUP UTHR VSH VMC XHR YUM ZBH
• Afternoon:  TXG ACAD ALB ALGT ALL ATUS AFG AMPL ANSS APA ACA ACLS BKH BKNG BCOV CRC CPE CDAY CF CTSH CFLT CLR CXW CCRN CW ELF ESTE EBAY ECPG EPR EQIX EQH ETSY ES EVTC EVGO EVOP EVH FARO FSLY FSR FLT FTNT GFL GKOS HTGC HST TWNK HUBS HBM HPP ICLR NARI INFN IR NGVT IIPR FROG KMPR KW LHCG LSI LNC LUMN MBI  MRO MRVI MATX MET MTG MGM MKSI MC NRDS  NSA NVRO NE NUS NTR OHI ONL ORA PLMR PK PYCR PDCE PDM PAA POWI PCOR PTRA PTC QRVO QCOM QLYS QDEL RDN RPD RYN O RGNX RCII RVLV RLJ HOOD ROKU RPT RSI SRPT SIGI SITM STAA SRI RGR SUM SLF SU RUN TNDM SKT RIG TTMI TPC UDMY RARE VCYT VMEO VSTO HCC WCN WTS WERN WES WSC WK WWE YELL ZG

Thursday (Nov 3)

• Morning: FLWS GOLF ADT WMS AER AGIO APD ALIT AIMC ABC APG APTV ARW AAWW ATHM BALL BALY GOLD BHC BCE BKI BRKR CSII CARS LNG CQP CIM IMOS CI CCOI COMM COP CROX CMI CYBR DDOG DCPH DLX DEN DSEY DNB ESMT EPAM EXC FSS FIS FOCS FTDR ROCK GIL GOGO GTN GPRE HLMN HII H IDA INGR NSIT IBP NTLA ICE IDCC ITCI IRM IRWD ITRI ITT ISEE JCI K KTB KYMR LANC LNTH TREE LXP MAC MTSI MAR MDU MFA MGPI MRNA MODV MUR NKLA NVMI OGE OGN PCRX PZZA BTU MD PTON PENN DOC PNW PTLO PBH PWR REGN QSR RCL SPNS SRE SHAK SWI SPR SRCL STOR STRA TNK TPX TX TEVA THRY USPH UNIT VIRT VNT W WCC WLK WOW ZTS
• Afternoon:  ADPT ATGE AES AL ATSG ALKT MDRX AOSL ALTR AEE AMH COLD AMGN AMN APPN TEAM AVB BIGC BILL BL SQ BE MNRL CABO CMBM CDNA CVNA CE CHUY NET CDXS CGNX COIN COLL CODI ED CRSR CTVA CTRA CYRX CWK CUTR CYTK DH DRH BOOM DASH DOUG DEI DBX DXC LOCO NVST EOG EXAS EXPE FATE FRT FND FOXF FRG FNKO GDDY GPRO GDYN GH HRT HMN ICFI ILMN PODD IOVA KTOS LPI LGF.A LYV MTZ MAXR MAX MED MELI MTD MCHP MNTV MNST MSI MP NFG NKTR LASR NDLS LPRO OTEX OPEN OEC OUT PCTY PYPL PBA PEN PECO PLYA PRAA PGNY LUNG KWR QNST RMAX REG RGA RKT SGMO SDGR SEM SWKS SM SPT SPXC SBUX STEM STEP SYNA TMST TPIC TRUP TWLO OLED UPLD VTR VIAV VIR SPCE WBD WPM WW YELP

Friday (Nov 4)  

• Morning:  ACMR ADNT AMCX AXL AMRX ABR BEP CAH CBOE CNK DBRG D DKNG DUK ENB ESNT EVRG FLR FUBO GTES EAF HSY HUN IMGN TILE KOP LAMR MGA MBUU MOG.A PNM PPL PRLB QRTEA SYNH TU WPC

BRK.A Berkshire Hathaway (Warren Buffett) : updated portfolio positions in 13F filing

Affirms OXY HPQ positions.

New C ALLY CE PARA CE MCK positions.

Exited WFC BMY ABBV

Highlights from 2022 Q1 filing as compared to Q4 2021:

• New positions in: OXY (~136.37 mln shares), HPQ (~104.48 mln), PARA (~68.95 mln), C (~55.16 mln), ALLY (~8.97 mln), CE (~7.88 mln), MCK (~2.92 mln), MKL (~0.42 mln)
• Increased positions in: CVX (to ~159.18 mln shares from ~38.25 mln shares), ATVI (to ~64.32 mln from ~14.66 mln), FWONK (to ~7.72 mln from ~2.12 mln), FND (to ~4.78 mln from ~0.84 mln), GM (to ~62.05 mln from ~60 mln) RH (to ~2.17 mln from ~1.82 mln)
• Maintained positions in: BAC (~1010.1 mln shares), AAPL (~890.92 mln shares), KO (~400 mln shares), KHC  (~325.63 mln shares), AXP (~151.61 mln shares), USB (~126.42 mln shares), DVA (~36.1 mln shares), MCO (~24.67 mln shares)
• Closed positions in: BMY (from ~5.2 mln), ABBV (from ~3.03 mln), WFC (from ~0.68 mln)
• Decreased positions in: VZ (to ~1.38 mln shares from ~158.82 mln shares), STOR (to ~14.75 mln from ~24.42 mln), RPRX (to ~1.5 mln from ~8.65 mln), KR (to ~57.99 mln from ~61.41 mln)

ViacomCBS (VIAC) changes corporate name to Paramount Global (PARA)

• ViacomCBS will change its corporate name to Paramount as of Feb. 16, calling the move an effort to adopt “an iconic global name” to reflect the conglomerate’s increasingly worldwide focus.
• The company’s shares will trade on the NASDAQ index under the ticker symbol PARA (for Class B common shares), PARAA (for Class A common), and PARAP (for Class A preferred).
• ViacomCBS is doubling down on its nascent streaming strategy, with plans to steer more content and investment toward Paramount+ and a new reporting structure and corporate brand to emphasize that focus.

 

 

CBS is a foundational name in broadcasting — the Columbia Broadcasting System launch dates back to 1927 and the early days of commercial radio. The Eye name will endure on the broadcast network and other existing assets.

The moniker makeover was announced Tuesday by ViacomCBS chair Shari Redstone and president-CEO Bob Bakish in a memo to staffers. 

“As Paramount, our name will reflect who we are, what we aspire to be, and all that we stand for. It will help advance our strategy of harnessing all our strength and breadth in building the businesses of tomorrow. And it will capture the collective power of our global assets, from our amazing brands—CBS, Showtime, MTV, Comedy Central, BET, Nickelodeon, Smithsonian, Paramount Pictures, Paramount+, Pluto TV and more— to our global reach and our diverse audiences. All of which adds up to Paramount being the pre-eminent home to, and producers of, the world’s greatest content,” Redstone and Bakish wrote.