Other trades of note:

Teva Pharmaceutical Industries Limited (TEVA) at 31.10, a Bull Put Spread traded 520 times. The trader sold the Aug 4th 34/32 spread for a credit of 1.57. TEVA is expected to report earnings on Thursday, August 3, before the market open.

Otonomy, Inc. (OTIC) at 18.35, a Calendar Spread traded 1,700 times. The trader sold the Oct 20th 20 Calls and bought the Sept 15th 20 Calls collecting 2.00. OTIC is expected to report earnings on Thursday, August 3, after the market close.

Lumentum Holdings Inc. (LITE) at 63.35, a Bull Call Spread traded 1,384 times. The trader bought the Aug 18th 67/75 spread paying 2.00. LITE is expected to report earnings on Wednesday, August 9, before market open.

Rockwell Automation Inc. (ROK) at 165.66, a Bear Put Spread traded 1,000 times. The trader bought the Aug 18th 165/160 spread paying 1.70.

The Goodyear Tire & Rubber Company (GT) at 31.15, a Risk Reversal traded 500 times. The trader sold the Sept 15th 30 Puts and bought the Sept 15th 33 Calls collecting .10.

Starbucks Corporation (SBUX) at 54.92, a Bear Put Spread traded 550 times. The trader bought the Jan 19th 62.50/55 spread paying 5.40.

Schlumberger Limited (SLB) at 68.59, a Bull Put Spread traded 500 times. The trader sold the Jan 19th 75/60 spread for a credit of 6.80.

Range Resources Corporation (RRC) at 19.12, a Bear Call Spread traded 1,500 times. The trader sold the Aug 18th 20/22 spread for a .35 credit.

Increased Volume Activity:

Top 20 symbols ranked by today's option volume relative to average, minimum 200 average:

CATM, AGIO, IPI, DISCK, CYH, MIK, OTIC, ARAY, EWC, SKT, DBC, MTSI, PE, LPLA, FMC, ILMN, PBH, FMI, COHR, BLL.

WT Blog 08022017