Global Eagle Entertainment Inc. (ENT) Unusual Options Activity Leads to Great Trade

Global Eagle Entertainment Inc. (ENT) is a provider of content, connectivity and digital media solutions for domestic and international airlines with in-flight solutions including interactive software and e-commerce solutions. ENT is trading at $14.02 close to the upper end of its 52 week range of $9.30-$16.01. Year to date the stock has performed in line with the market rallying a measly 2.65%. The stock ripped to the upside in today’s session by about 5.49% or $0.73.

Late in the session a trader bought 1,825 of the ENT July 15.0 Calls for $0.25 when the stock was trading at $13.89. This order was recorded around an hour after the open on OptionHacker, and the stock rose about $0.44 to $14.33 after the trade hit the tape. Over 5,350 contracts have been traded today hinting at bullish sentiment. The ENT July 15.0 Calls have traded as high as $0.50 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. The stock was higher today most likely due to news of the company set to present to Bernstein Global Future of Media & Telecom Summit.

Trade: A trader bought ENT July 15.0 Calls for $0.25
Risk: $25 per 1 lot
Breakeven: $15.25

If a trader bought a 20 lot of these Calls they would have profited $500 at the highs on $500 in risk. This is a great example of a hugely profitable UOA trade.

Carnival Corporation (CCL) to Report Earnings Before the Opening Bell Tomorrow

Carnival Corporation (CCL) is a cruise vacation company with three cruise segments consisting of North America cruise brands, Europe, Australia & Asian and Cruise Support. The stock is currently trading around $49.60 at the upper end of its 52 week range of $33.11-$50.65. The stock has been outperforming the market this year rallying 9.55% year to date. CCL is scheduled to report earnings before the opening bell tomorrow, and the stock is has gained a little momentum about $0.66 or 1.35% on the session ahead of the close.

Over the past 12 quarters CCL has rallied on earnings day 5 times with an average move of 4.63%. The stock appears bullish on a chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 12 quarters CCL has rallied from earnings to the nearest options expiration 5 times with an average move of 6.41%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are excited to see favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. With the most up-to-date information possible this is a pretty good indicator of some favorable trends underneath the surface for CCL earnings.

The options market is currently implying a move of around $2.78 or 5.6% in CCL by this Friday’s close giving us targets of $46.82 and $52.38.

Red Hat Inc. (RHT) to Report Earnings After the Close Today

Red Hat Inc. (RHT) is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The stock is currently trading around $78.22 at the upper end of its 52 week range of $52.16-$79.35. The stock has been outperforming the market this year rallying 13.28% year to date. RHT is scheduled to report earnings after the closing bell today, and the stock is fairly flat moving down only $0.09 or 0.12% on the session ahead of the close.

Over the past 12 quarters RHT has rallied on earnings day 6 times with an average move of 7.32%. The stock appears bullish on a chart going into the release having traded above the Ichimoku Cloud for the past few months on the daily bars. Over the past 12 quarters RHT has rallied from earnings to the nearest options expiration 5 times with an average move of 8.11%. The stock looks as if it could reverse its trend and rip to the upside further in today’s session. Investors are mainly looking to see if the recent gain of market share will raise revenue. Linux servers are well positioned to compete with Microsoft’s Windows servers and leads investors to expect long term growth. They have also sacrificed service revenue to increase subscription revenue again targeting earnings in the long-run but may hurt earnings in the next couple of quarters.

The options market is currently implying a move of around $5.65 or 7.2% in RHT by this Friday’s close giving us targets of $83.87 and $72.57.

KB Home (KBH) Set to Release Earnings before the Open Tomorrow

KB Home. (KBH) is a homebuilding company that constructs and sells homes through its five operating segments, four of which are homebuilding segments and one financial services segment. The stock is currently trading around $14.91 at the middle of its 52 week range of $11.76-$18.98. The stock has been underperforming the market this year falling 9.85% year to date. KBH is scheduled to report earnings before the opening bell tomorrow, and the stock is up today roughly $0.05 or 0.34% on the session ahead of the close.

Over the past 11 quarters KBH has rallied on earnings day 6 times with an average move of 7.59%. The stock appears bullish on chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 11 quarters KBH has rallied from earnings to the nearest options expiration 6 times with an average move of 8.72%. The stock looks as if it could reverse its recent trend and rip to the upside in today’s session. Investors are mainly looking to see how recent strategies to boost revenue per community and per unit will fare. Also, the company has strived to build homes in a mix of geographic locations. Lastly, favorable macro-economic conditions is fueling price increases.

The options market is currently implying a move of around $0.89 or 6.00% in KBH by this Friday’s close giving us targets of $15.80 and $14.02.

Earnings Preview for CarMax, Inc. (KMX)

CarMax, Inc. (KMX) is a holding company engaged in providing used vehicles, related products and services through two segments: CarMax Sales Operations and CarMax Auto Finance (CAF). The stock is currently trading around $72.47 at the upper end of its 52 week range of $43.27-$75.40. The stock has been outperforming the market this year rallying 8.8% year to date. KMX is scheduled to report earnings before the opening bell tomorrow, and the stock is up today slightly moving $0.24 or %0.33 on the session ahead of the close.

Over the past 12 quarters KMX has rallied on earnings day 5 times with an average move of 8.05%. The stock appears bullish on chart going into the release having traded above the Ichimoku Cloud for the past couple months on the daily bars. The Ichimoku Cloud continues to maintain the bullish trend for the upcoming trading periods. Over the past 12 quarters KMX has rallied from earnings to the nearest options expiration 6 times with an average move of 7.00%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are mainly looking to see large growth numbers. The company orientates itself around growth and continuously reports industry average crushing numbers in EPS, and cash flow. Positive revision estimates have been seen as well.

The options market is currently implying a move of around $4.55 or 6.3% in KMX by this Friday’s close giving us targets of $77.02 and $67.92.

Earnings Preview for Pier 1 Imports Inc. (PIR)

Pier 1 Imports Inc. (PIR) is a global importer of home décor and furniture operating through retail stores and an e-commerce website conducting business under the name Pier 1 Imports. The stock is currently trading around $12.13 at the upper end of its 52 week range of $11.38-$18.45. The stock has been underperforming the market this year falling 21.36% year to date. PIR is scheduled to report earnings after the closing bell today, and the stock is fairly flat moving only $0.02 down on the session ahead of the close.

Over the past 12 quarters PIR has rallied on earnings day 6 times with an average move of 7.32%. The stock appears bearish on chart going into the release having traded below the Ichimoku Cloud for the past couple month on the daily bars. Over the past 12 quarters PIR has rallied from earnings to the nearest options expiration 5 times with an average move of 7.48%. The stock looks as if it could continue its trend and lower further in today’s session. Investors are mainly looking to see strong macroeconomic data implies strong revenue growth for the company. Furniture and Home Furnishings Store Sales economic data has shown healthy gains in the Home Goods retail space over the past 5 years with Pier 1’s revenue growth outpace the market by roughly 2x.

The options market is currently implying a move of around $1.30 or 10.7% in PIR by this Friday’s close giving us targets of $13.43 and $10.83.

Earnings before the Bell Tomorrow for Kroger Co. (KR)

Kroger Co. (KR) operates retail food and drug stores, multi-department stores, jewelry stores, and convenience stores throughout the United States. The stock is currently trading around $73.01 at the upper end of its 52 week range of $46.77-$77.74. The stock has been outperforming the market this year rallying 13.49% year to date. KR is scheduled to report earnings before the opening bell tomorrow, and the stock is higher on the session by around $0.67 or 0.93% ahead of the close.

Over the past 12 quarters KR has rallied on earnings day 8 times with an average move of 3.60%. The stock appears bearish on chart going into the release having broken through the Ichimoku Cloud in the past week. Over the past 12 quarters KR has rallied from earnings to the nearest options expiration 10 times with an average move of 5.48%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are seeing favorable earnings estimate revisions as of late which is typically a precursor for strong earnings. Other than the revisions, due to warmer weather investors expect revenue to increase due to a greater number of consumers visiting stores operated by Kroger Co. and spending money.

The options market is currently implying a move of around $2.80 or 3.80% in KR by this Friday’s close giving us targets of $75.75 and $70.15.

Earnings for Oracle Corporation. (ORCL) to be released After the Bell Today

Oracle Corporation (ORCL) is a provider of enterprise software and computer hardware products and services including database and middleware software, application software, cloud infrastructure, and networking products. The stock is currently trading around $44.68 at the upper end of its 52 week range of $35.82-$46.71. The stock has been underperforming the market this year lowering by 0.64% year to date. ORCL is scheduled to report earnings after the closing bell today, and the stock is slightly higher on the session by around $0.03 or 0.07% ahead of the close.

Over the past 12 quarters ORCL has rallied on earnings day 7 times with an average move of 5.16%. The stock appears bearish on chart going into the release having traded above the Ichimoku Cloud for the past month on the daily bars. Over the past 12 quarters ORCL has rallied from earnings to the nearest options expiration 6 times with an average move of 5.36%. The stock looks as if it could continue its trend and rip to the upside further in today’s session. Investors are mainly looking to see the growth of SaaS, PaaS and Big Data as well as increased revenue from cloud subscriptions. The revenue from cloud subscribers has been lagging in the past.

The options market is currently implying a move of around $1.75 or 3.9% in ORCL by this Friday’s close giving us targets of $46.43 and $42.93.

Qlik Technologies Inc. (QLIK) Unusual Bullish Options Activity Means Profits for Traders

Qlik Technologies Inc. (QLIK) provides user-driven business intelligence to enables its customers via the company’s Business Discovery platform to create and share insights across organizations. QLIK is trading at $36.69 close to the upper end of its 52 week range of $21.04-$37.44. Year to date the stock has outperformed the market rallying 19.09%. The stock ripped to the upside in today’s session by about 2.02% or $0.72.

Late in the session a trader bought 6,929 of the QLIK June 36.5 Calls for $0.45 when the stock was trading at $36.37. This order was recorded a around 2 PM CST on OptionHacker, and the stock rose about $0.40 to $36.77 after the trade hit the tape. Over 7,200 contracts have been traded today hinting at bullish sentiment. The QLIK June 36.5 Calls have traded as high as $0.75 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. There appears to be no specific reason the stock was higher today.

Trade: A trader bought QLIK June 36.5 Calls for $0.45
Risk: $45 per 1 lot
Breakeven: $36.95

If a trader bought a 20 lot of these Calls they would have profited $600 at the highs on $900 in risk. This is a great example of a hugely profitable UOA trade.

ConAgra Foods Inc. (CAG) Call Activity Leads to a Lucrative Trade

ConAgra Foods Inc. (CAG) is a packaged food company providing branded and private branded foods in households as well as commercial foods business serving restaurants and food service operations. CAG is trading at $38.54 close to the upper end of its 52 week range of $28.60-$39.04. Year to date the stock has outperformed the market rallying 6.23%. The stock ripped to the upside in today’s session by about 1.34% or $0.51.

Early in the session a trader bought 5,000 of the CAG July 39.0 Calls for $1.08 when the stock was trading at $38.29. This order was recorded a few minutes after the opening bell on OptionHacker, and the stock rose about $0.52 to $38.81 after the trade hit the tape. Over 7,900 contracts have been traded today hinting at bullish sentiment. The CAG July 39.0 Calls have traded as high as $1.70 in today’s session making this a highly profitable trade. This stock ripped to the upside when these calls were bought on intraday time frames from today’s session and continued to trade higher. The stock is most likely bullish today on news of the company pleading guilty in the salmonella outbreak.

Trade: A trader bought 5,000 of the CAG July 39.0 Calls for $1.08
Risk: $108 per 1 lot
Breakeven: $40.08

If a trader bought a 20 lot of these Calls they would have profited $1,240 at the highs on $2,160 in risk. This is a great example of a hugely profitable UOA trade.