Halftime Report 2.21.2012

After the bell today, Dell reports earnings. Dell is expected to report Quarterly earnings of $.52 and Quarterly Revenue of $16B. Dell made a fresh 52 week high last Thursday at $18.33. Also, WMT, reports earnings after the bell. WMT is expected to report Quarterly earnings of $.46 and Quarterly Revenue of $.24B. WMT made a new 52-week high at $62.64 on February 1st.

Unusual Option Activity:

A customer Bought 20k KKR Jan 2013 17 Calls for $.95, while the stock was trading at $15.12.

A customer Sold 2500 MWW Mar 7 Puts for $.3, while the stock was trading at $7.01.

A customer Bought 4000 CTRP Mar 28 Calls for $.1, stock was trading at $22.6.

We didn’t put on any new positions today as their was no positive order flow. We usually like to take new positions when the risk/reward ratio is attractive.

By: Greg Zimny