Archive for July 20th, 2009

Monday’s Options Recap

Stocks move higher on CIT news, economic data. Read More.

July 20, 2009 | 1 Comment More

Cisco Systems Inc (CSCO) $21.15 +3.12%

A customer buyer paid 39cents for a total of nearly 30,000 Cisco Aug 20 puts today, opening a new position that will gain if shares slide back to levels seen earlier this month, before the recent rally (and INTC results) lifted shares from the low $18 range to today’s close of $21.15. Small lot buying [...]

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Option Volume Leaders as of 4:20 PM

Usymbol Description Contracts Calls Puts Spot (Delayed) Spot Chg C Citigroup Inc 1,405,208 60.3% 39.7% $2.79 -0.23 BAC Bank of America Corporation 680,642 67.0% 33.0% $12.24 -0.65 GE General Electric Company 216,863 58.4% 41.6% $11.67 +0.02 AAPL Apple Inc 214,465 59.3% 40.7% $152.909 +1.16 HGSI Human Genome Sciences Inc 197,016 59.8% 40.2% $12.51 +9.19 CIT [...]

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Energy Conversion Devices Inc (ENER) $12.76 -1.69%

Seeing some interest in Energy Conversion Devices (ENER) late. Shares are down 24 cents to $12.74 and focus is on Aug 15 calls, including a sweep of 5000 contracts at the offer for 30 cents. Looks like an opening buyer.

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ISE US Regional Banks (.JLO) $15.99 +0.25%

ISE regional banking index option volume spiked today, as a block of calls were sold to open a significant new open interest position about 10% above current spot level. JLO options tend to trade in large chunks ever month or two, and today’s seller collected 22.5c 18,535x for the August 17.5 calls, a total of [...]

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Intrepid Potash Inc (IPI) $24.70 -0.48%

Intrepid Potash (IPI) is down 14 cents to $24.68 and Sep 27 calls are active Monday. More than 12K traded, or almost 50X the existing open interest. In addition, with about 65 percent of the volume trading ask-side, it looks like buyers are dominating the action and bracing for a possible move higher in IPI. [...]

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EBay Inc (EBAY) $18.70 +0.81%

eBay (EBAY) shares up 1.5% to $18.75, a six month high. Option volume 3x the daily average. Notable trade in the Jan. ?10s as someone bought the $16/$22.50 strangle 7,500 times for $1.54 net debit. Prior open interest is sufficient to cover but sentiment data suggests this is opening position. eBay reports earnings July 22.

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Taiwan Semiconductor Manufacturing Co Ltd (TSM) $10.08 +1.51%

Taiwan Semiconductor (TSM) is up 14 cents to $10.07 and options volume is running 10X normal, with more than 12K August 10 calls traded. The top trade is 8,795 contracts for 50 cents on CBOE, an opening customer buyer, according to a floor contact. On the ISE, where a lot of 1,062 traded for 45 [...]

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MBIA Inc (MBI) $4.26 +7.30%

MBIA (MBI) is up 28 cents to $4.25 and 3,720 Nov 5 calls traded. 98 percent hit ask-side and open interest is 481, suggesting opening call buying. Some of the larger trades hit on the ISE and are not customer driven, according to sentiment data. So, it might be a b/d buyer. No news on [...]

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Excel Maritime Carriers Ltd (EXM) $8.33 +7.31%

Excel Maritime (EXM) is up 55 cents to $8.31 and 11K calls traded, or about 5X the expected for midday action. Most of the activity is in the front month. August 10 calls are the most actives, with 5,669 traded and 63 percent hitting ask-side. Similar action seen in August 8 and August 9 calls. [...]

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