Archive for August 14th, 2009

CBOE Volatility Index (.VIX) $24.27 -1.78%

A million dollar package traded in options on the CBOE VIX index near 1pm, as a trader sold 15,000 Oct 22.5-27.5 put spreads and 15,000 Oct 27.5-32.5 call spreads against a near term ratio collar in which bought 20,000 Aug 27.5 puts and sold 15,000 Aug 30 calls. Net premium collected was $1 million, and [...]

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Option Volume Leaders as of 4:20 PM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg C Citigroup Inc 1,246,357 70.6% 29.4% $4.04 -0.02 CVX Chevron Corporation 754,282 99.3% 0.7% $68.63 +0.10 BAC Bank of America Corporation 630,418 61.2% 38.8% $17.39 +0.39 AFL AFLAC Inc 428,590 99.6% 0.4% $42.06 -0.43 LVS Las Vegas Sands Corp 167,714 67.0% 33.0% $13.32 -0.47 GE General [...]

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Charlotte Russe (CHIC) $14.05 -0.64%

Shares of retailer Charlotte Russ have staged an impressive 300% rally since early this year when they hovered near $5, and today’s option flow suggests speculation that further upside may be possible in the short term with volume 5x normal and 10 calls trading for every put. An early buyer paid 15cents for 564 Aug [...]

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Put/Call Ratio Leaders* as of 3:00 PM

Symbol Name Puts Calls RealTime P/C Avg P/C OVTI OmniVision Technologies Inc 5,546 116 47.81 0.65 BC Brunswick Corp 5,391 170 31.71 1.40 NTAP NetApp Inc 16,972 730 23.25 0.83 DISH DISH Network Corporation 6,067 282 21.51 0.59 ASH Ashland Inc 2,826 182 15.53 0.57 LNN Lindsay Corporation 2,963 290 10.22 0.61 ALGN Align Techn. [...]

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BB and T Capital Trust V (BBT) $27.63 +7.09%

BB&T options volume is running 5X the normal on news the company will acquire Colonial (CNB), a Montgomery, AL regional bank on the brink of bankruptcy. This is apparently good news (buying deposits at a cheap price?) because shares are up $1.79 (+$1 since the news hit the wires) and 42K calls traded, compared to [...]

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Las Vegas Sands Corp (LVS) $13.13 -4.79%

Las Vegas Sands (LVS) is down 63 cents to $13.16 following cautious comments from Wedbush analysts. The firm maintained an underpreform rating and a $7 price target saying valuation remains high and LVS still faces possible covenant breaches in Q1 2010 on credit facilities unless fundamentals improve above expectations. LVS options are busy, with 94K [...]

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Brunswick Corp (BC) $8.81 -5.27%

Brunswick (BC) is down 53 cents to $8.77 and has lost 8.5 percent since announcing an offering of $350 mln in debt and amending its credit facility earlier this week. In the options market, sentiment seems somewhat bearish Friday, with 5,350 BC puts and only 170 calls. Sep 7.5, Aug 10, Jan10 5 and Jan10 [...]

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NetApp Inc (NTAP) $23.67 -1.66%

Big Print in NetApp (NTAP) after an investor paid 15 cents for Dec 14 puts, 16000X. The trade is possibly closing, as existing interest is 16.1K, and comes ahead of an August 19 (after market) earnings report. Implied volatility is up to 43, from about 41.5 yesterday.

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Rambus Inc (RMBS) $17.47 +10.50%

Follow-up. Briefing attributes the strength in Rambus to “denial of MU’s appeal by a CA appellate court”.

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Rambus Inc (RMBS) $17.47 +10.50%

Rambus (RMBS) is rallying and calls are actively traded Friday. The stock gapped up and hit a high of $17.70. Shares were recently up $1.58 to $17.39. No headlines on the company to explain the relative strength, but trading in the options market is brisk as well, with 32K contracts traded and call volume accounting [...]

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