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How A Couple Traders Used Options To Play These Earnings Reports

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How A Couple Traders Used Options To Play These Earnings Reports

Benzinga Pro posted real-time alerts for two notable options trades on Thursday — one that ended at Friday's close and another ongoing for a couple weeks.

  • Amgen, Inc. (NASDAQ: AMGN)
  • One trader bet a 5-percent upside Thursday for 37 cents on a volume of 4,000. Shares were trading at $167.50 at the time and were up 4.78 percent at Friday’s close.

    Amgen released positive fourth-quarter earnings Thursday, with its $2.89 adjusted EPS beating estimates by 10 cents. Sales came in at $5.97 billion compared to estimates of $5.74 billion.

  • DeVry Education Group Inc (NYSE: DV)
  • Another investor bet 25-percent downside over the coming weeks for 15 cents on a volume of 3,000. Shares were trading around $33 Thursday.

    DeVry reported second-quarter earnings with an adjusted EPS of 85 cents. The figure came in 16 percent above estimates. Meanwhile, revenue of $456.4 million fell short of estimates by about $4.9 million.

     

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