Pre-Market Brief; May 2nd
What to keep your eyes on for May 2nd, 2017…
Published in
2 min readMay 2, 2017
Sector Performance
Large Insider Trades. May 1st
- SIX. 10% owner, sells $310 million
- SITE. 10% owner, sells $184 million
- CSX. CEO & President, buys $15 million
Unusual Option Activity. May 1st.
- COH +1,500 16JUN17 40 CALL. Traded @1.05 on ASK. ($157K bet that COH will be below 41.05 by expiration)
- AMD +10,000 5MAY17 16 CALL. Traded @.09 on ASK. As spread. (This trader is most likely bullish on AMD stock, however has sold calls as a hedge)
- AAPL +10,000 21JUL17 105 PUT. Traded @.04 on ASK. ($40K bet that AAPL will be above 104.96 by expiration)
- AIG +1,775 5MAY17 60.5 PUT. Traded @.51 LMT on BID. ($10.6 Million bet that AIG will be below 59.99 by expiration)
Earnings
Pre-Market:
- FLWS, MO, BGFV, COP, CVS, COH, FIS, PFE, PLNT, SHOP.
After Close:
- ALL, AAPL, CZR, DENN, DVN, GDDY, TWLO, WU.
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