Important Options Trading Activity From Yelp (YELP), Ocwen Financial (OCN), (CRM) and Monsanto (MON)

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OptionsHawk ExpertYelp (NYSE:YELP) spreads selling June 5th (W) $45 puts to buy September $43 puts 2,000X, net debits just under $3 for the spreads. It would not surprise anyone if YELP is not successful in its exploring a sale process considering its weak earnings reports.

Ocwen Financial (NYSE:OCN) trading 5,000 Jan. 2016 $11/$9 bull risk reversals to open today at $0.25 debit, a name that has been very volatile, so a notable leveraged spread being put on today. (NYSE:CRM) trades 2,000 Jan. 2016 $85/$60 bull risk reversals to open $0.65 debit, confirmed last week that Microsoft (MSFT) had real interest in a deal, and bullish trades continue to accumulate in CRM. Salesforce also experience a lot insider trading in the last month.

Monsanto (NYSE:MON) buyer of 3,000 June 5th (W) $120 calls to open, some reports over the weekend of them ready to raise Syngenta (SYT) bid.

And this is the options activity for 22 May:

Lions-Gate (LGF) with 6,500 July $35 calls bought to open $0.60 to $0.70 as bullish action continues in this name, strong today, and a recent JANA Partners add that may look to merge it with Starz. Palo Alto Networks (PANW) buyer of 1,000 July $175 calls for $3.10 offer, reports 5/27. Palo Alto Networks (PANW) buyer of 3,550 July $165 calls $6.50, closing out June $155 calls $10.40, follows the 1,000 July $175 calls bought this morning. Shire (SHPG) with 2,400 OTM July $300 calls bought today $0.40 to $0.50, one of the companies noted in the Bloomberg Pfizer (PFE) mega-deal report. Pioneer Natural (PXD) with 4,500 May 29th (W) $150 puts bought to open this morning $0.70 to $0.80, a recent Ackman short target. Shares are basing above $150, so on alert for a break of support next week. Fire-Eye (FEYE) with 3,725 September $45 calls bought at $4.60 offer in a large sweep, bullish action continues with shares breaking out, positive comments from Hewlett Packard from its recent alliance, and FEYE also has received takeover interest but wants to hit $1B revenues first, which is double current sales.

Thanks to OptionsHawk

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