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Proprietary Trading Weekend Market Update August 9, 2013

Notable earnings due out next week:


Smart Money Report

SYY- Sysco will report Q4 earnings before the bell on Monday morning. Analysts are looking for $0.55 in EPS and revenue of $11.6 billion. Options traders are pricing in a $1.65 move, or 4.71%, in either direction through next Friday. The put to call ratio in the August options is currently 6.70.

MYGN- The Nov. $23/$32 bull risk reversal was put on 2,500 times for a $1.40 debit. Volume was above the open interest in both options.

NOK- 20k Jan. 2014 $4.50 calls were bought for $0.38 each, against open interest of 35,614 contracts. Check the open interest on Monday for confirmation of new activity. Shares of Nokia are up 0.97%, trading just under the $4.20-$4.30 resistance level.

AAPL- Apple shares are on pace for the fourth straight decline, down 1.28% in today's session. The call to put ratio in the Aug. options is 1.54, led by activity in the $455, $460, and $470 calls.