Archive for December 30th, 2008

Adobe Systems (ADBE) $21.04 +2.51%

ADBE Calls on Adobe Systems have traded nearly 9x their normal volume several large spreads suggesting a roll of short calls from Jan to Feb expiry. Around 1pm a customer collected 92.5 cents by selling 4400 Feb 22.5 calls against a buy of the same qty of Jan 25 calls. An hour later a trader [...]

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Transocean Ltd (RIG) $46.34 -0.09%

news,

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Apple Inc (AAPL) $86.20 -0.47%

Apple Computer (AAPL, chart, volatility) hit a low of $84.72 after Gizmodo ran a story stating that Steve Jobs’ rapidly deteriorating health was his reason for backing out of next month’s MacWorld. The stock has since bounced back to $86.16, but brisk trading in the January 85 and 80 puts seems to reflect mounting investor [...]

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Financial Select Sector (XLF) $11.87 +1.63%

Calls on the XLF Financial ETF are trading more than twice their normal pace today, with 128,000 contracts trading, outnumbering puts 5:1. Shares are up 1.6%, near 11.87 and the Jan 14 calls lead the flow, with nearly 70,000 on the tape, trading for 8cents in what likely lets a trader realize a loss of [...]

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Linn Energy LLC (LINE) $14.95 +5.65%

Interest in Linn Energy (LINE, chart, volatility) continues for a second day. Yesterday, investors lined up to buy January 15 calls after the company was mentioned favorably in Barron’s. Open interest jumped from 1,304 to 4,718 following yesterday’s flurry of speculative call buying. Today, LINE is up another 80 cents to $14.95, bringing its gain [...]

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Cablevision Systems Corp (CVC) $15.86 +3.39%

Cablevision (CVC, chart, volatility) is up 39 cents to $15.73 and total options volume is running at 8 times the normal levels. Most of the activity is in the March 15 calls, with players apparently opening new long positions. A series of orders totaling 3,700 contracts recently traded on the offer for $2.40. Existing open [...]

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Citigroup Inc (C) $6.57 +0.00%

Citigroup (C, chart, volatility) March calls at the $10 strike have seen an uptick in volume. Recent trades include 4,000 and 6,000 lots on the offer for 26 cents. 23,394 contracts have now traded. C is down 2 pennies to $6.55.

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RadNet Inc (RDNT) $3.05 +4.45%

RadNet (RDNT, chart, volatility) implied volatility is higher for a second day. It’s not clear why, but implied volatility in RDNT options is approaching 250 from about 195 Friday. Not much activity is being seen, only 200 Jan 2.5 calls traded. Interestingly, open interest in that contract is 3,654, which is considerably more than any [...]

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Weatherford International Ltd (WFT) $10.09 +0.90%

Weatheford (WFT, chart, volatility) Jan puts are actively traded. Shares are up 9 cents to $10.08. The top trades are two blocks of 2,000 at the 10 line hitting on the bid for 75 cents. A total of 5,000 has now traded on the bid. Volume exceeds existing open interest, which suggests some possible opening [...]

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Pfizer Inc (PFE) $17.66 +2.14%

Pfizer (PFE, chart, volatility) option activity is well above normal in the first hour of trading, with sweep buyers of nearly 5000 Jan 17.5 Puts for 48 to 49 cents as shares trade near 17.63, up almost 2%. January open interest in PFE exceeds 1.4million contracts, with a total of 678,000 contracts in the Jan [...]

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