J.K.K.

June 16th, 2015

EVENING WRAP-UP
Market Performance
DJIA: 17904.48 (+113.31) S&P 500: 2096.29 (+11.86) NASDAQ: 5055.55 (+25.58) VIX: 14.81 (-0.58)

News

Bloomberg reporting that Valeant Pharmaceuticals (VRX) is in advanced negotiations to acquire Egyptian
drug maker Amoun Pharmaceuticals.
Reuters reporting private equity firms Blackstone & Carlyle are said to jointly bid over NCR Corp. (NCR).
Bloomberg reporting that eBay (EBAY) is mulling a sale or IPO for its Enterprise unit.
Amazon (AMZN) is reported to be developing an app to crowdsource the delivery of packages to nonemployees for a fee.
Charlie Gasparino of FOX Business reported that banking sources say Twitter (TWTR) is open for a sale to
Google (GOOGL) or Facebook (FB).

After Hours Movers

Xoom Corporation (XOOM)
Bob Evans Farms (BOBE)
Anthera Pharmaceuticals (ANTH)
DAVIDsTEA (DTEA)
La-Z-Boy (LZB)
CBRE Group (CBG)

Options Action
Company

Symbol

Description

Price

Current OI

Notes

Market Vectors
Gold Miners
Spectra Energy

GDX

0.29

2,311

Done 12000x

0.55

201

Done 25000x

Comstock
Resources
FerrellGas
Partners
FerrellGas
Partners
KeyCorp

CRK

July 19.5
Call
September
35 Call
July 5 Put

1.63 - 1.65

63

Basic
Materials

SE

0.45

161

FGP

July 22.5
Put
July 20 Put

Roll from the June 5 Puts ; Done

5000x
Put Spread

0.05 - 0.10

35

Done 3000x

KEY

January

0.31

Done 5500x

FGP

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TAHO

(2016) 18
Call
November
49 Call
October 55
Put
July 15 Call

ConAgra Foods

CAG

July 39 Call

1.10

796

Coca Cola

KO

1.98

4,273

Coca Cola

KO

0.22

3,067

Done 25000x

Colgate
Palmolive
Colgate
Palmolive

CL

June (26) 38
Call
November
45 Call
November
65 Put
November
55 Put

2.57

628

Put Spread

0.37

387

Done 3000x

December 6
Put
July 52 Call

0.23

9,541

0.97

2,096

Done 55000x

December
33 Put
September
30 Call
September
100 Call
December
26 Call

6.50

22

Done 3000x

3.30 - 4.00

Shorting Calls ; Done 1200x

2.70

135

Done 2000x

0.64

43,151

57500x @ 0.64 ; 30000x @ 0.68

Williams
Companies
CrossAmerica
Partners
Tahoe
Resources

WMB
CAPL

2.02

718

Done 25000x

25.20

Done 2250x

0.35

169

Done 3850x

Consumer
Goods

CL

Financials
Genworth
Financial
Ultrashort 20
Year Treasury
Ultrashort FTSE
China 50
Guggenheim
China Small Cap
Vornado Realty
Trust
SPDR Select
Financials

GNW
TBT
FXP
HAO
VNO
XLF

Healthcare
Cardinal Health

CAH

June 90 Call

0.30

627

Medtronic

MDT

0.12

10,771

Done 7975x

Rockwell
Medical
Anacor
Pharmaceuticals
Xoma
Corporation
Edwards
Lifesciences
Neurocrine
Biosciences

RMTI

August 85
Call
July 16 Call

0.25

Done 2500x

August 90
Call
July 2.5 Put

6.20

250

Done 2000x

0.17

1,092

Done 3000x

August 150
Call
November
50 Call

2.40

158

Done 1500x

5.15 - 5.45

92

Done 1200x

0.35

480

Done 2599x

ANAC
XOMA
EW
NBIX

Industrial
Goods
ABB Ltd

ABB

July 22 Put

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Services
Hilton
Worldwide
Hilton
Worldwide
Hilton
Worldwide
Swift
Transportation
Expedia

HLT

October 26
Put
October 29
Call
October 32
Call
November
23 Put
October 100
Put
January
(2017) 145
Call
September
43 Call

HLT
HLT
SWFT
EXPE

Charter
Communications

CHTR

Delta Airlines

DAL

0.70

137

Shorting Puts

1.39

5,281

Financing the Call Spread

0.50

391

Risk Reversal ; Done 5000x

2.00

15,316

4.90

113

Accumulation ; Oshkosh lowered

guidance today
Done 1000x

36.10

Done 3600x

1.71

2,266

June (26)
31.5 Call
July 45 Call

0.39

52

1.22

2,074

Done 1500x

0.45

99

Done 5000x

0.60

1,192

Done 6750x

Technology
Cree Inc.

CREE

Garmin

GRMN

Utilities
PPL Corporation

PPL

Duke Energy

DUK

October 32
Call
July 70 Put

Oneok

OKE

July 40 Call

0.95

62

Done 2000x

Oneok

OKE

October
42.5 Call

1.20

113

Done 3500x

Earnings Central
After the Close Today
Ticker
ADBE

Company
Adobe
Systems

Industry
Application
Software

EPS (Est)
$0.45

EPS (Act)
$0.48

Rev (Est)
$1.16B

Rev (Act)
$1.16B

BOBE

Bob Evans
Farms

Restaurants

$0.41

$0.56

$330.97M

$332.40M

DTEA

DAVIDsTEA

Food - Major
Diversified

$0.06 CAD

$0.04 CAD

$27.80M
CAD

$35.80M
CAD

LZB

La-Z-Boy

Home
Furnishings

$0.38

$0.38

$379.13M

$374.94M

Notes
Trims FY15
Revenue
Outlook on
FX
Offers FY16
Guidance ;
Comps were
up 2.1%
Comps up
6.3% ; Sales
Growth of
29%

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Before the Open Tomorrow

Ticker
ATU

Company
Actuant

Industry
Diversified
Machinery

EPS (Est)
$0.52

FDX

FedEx

Air Delivery &

Freight
Services

$2.43

EPS (Act)

Rev (Est)
$322.08M

Rev (Act)

Notes

$12.31B

Analyst Recap
Company
Ally Financial
Canadian National
Railway
Digital Realty Trust
Corning
FreightCar America
American International
Group
Greenbrier Companies
Tekmira Pharmaceuticals
Twitter
United Natural Foods
United Rentals
Quest Diagnostics
Kinder Morgan
Laboratory Corp of
America
Realty Income
USA Truck

Ticker
ALLY
CNI

Investment Firm
Goldman Sachs
Raymond James

Action
Upgrade
Upgrade

DLR
GLW
RAIL
AIG

Cantor Fitzgerald
RBC Capital
Stifel Nicolaus
Deutsche Bank

Upgrade
Upgrade
Upgrade
Downgrade

GBX
TKMR
TWTR
UNFI
URI
DGX
KMI
LH

Stifel Nicolaus
Maxim Group
MKM Partners
Argus Research
Macquarie
KeyBanc
SunTrust Robinson
Keybanc

Downgrade
Downgrade
Downgrade
Downgrade
Downgrade
Initiates Coverage
Initiates Coverage
Initiates Coverage

O
USAK

Cowen & Company

Cowen & Company

Initiates Coverage
Initiates Coverage

Mergers and Acquisitions

Company
Berkshire Hathaway

Ticker
BRK/A

Industry
Property & Casualty Insurance

Quanex Building
Products
Richardson Electronics

NX

General Building Materials

RELL

Electronics Wholesale

IPC Healthcare

IPCM

Specialized Health Services

Coty

COTY

Personal Products

Notes
Will pay $500M AUD for stake
in Insurance Australia Group
Acquired HL Plastics for $145M
Acquiring the assets of
International Medical
Equipment & Service
Acquired Extended Care
Physicians
On track to acquire P&Gs
beauty business for $12B

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Insider Action (Form 4 Filings)

Ticker
VRX
GAIN
COTY
COMM
SERV
CHRS
LBTY
RNG
SAM

Company
Valeant Pharmaceuticals
Gladstone Investment
Coty Inc.
Commscope Holding Company
Servicemaster Global Holdings
Coherus Biosciences
Liberty Global Plc
Ringcentral
Boston Beer Co.

Value
$2,999,379
$1,250,518
$673,920
$615,200,000
$140,131,294
$6,670,678
$4,177,440
$1,625,368
$1,247,030

Buybacks
Company
Jakks Pacific
UFP Technologies
Rayonier

Symbol
JAKK
UFPT
RYN

Buyback Amount
$30 Million
$10 Million
$100 Million

IPO Filings (some from late last night)

Chiasma A late-stage biotech developing an oral drug candidate for acromegaly. They plan to list under the
symbol CHMA.

vTv Therapeutics A biotech developing treatments for Alzheimers and Type 2 Diabetes. It plans to list under
the symbol VTVT.

Jupai Holdings A Chinese provider of wealth management products. It plans to list under the symbol JP.
Poseidon Containers A containership operator with an initial fleet of 18 vessels. It plans to list under the
symbol PCON.

Ooma Provides internet-based telecom services for homes and small businesses. It plans to list under the
symbol OOMA.

JM Global Holding A blank check company formed to acquire a small cap consumer products business. It plans
to list under the symbol WYIGU.

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