Archive for December 6th, 2010

Option Volume Leaders as of 4:20 PM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg C Citigroup Inc 370,850 79.5% 20.5% $4.45 +0.00 BAC Bank of America Corporation New 280,547 55.1% 44.9% $11.64 -0.22 AAPL Apple Inc 273,562 60.5% 39.5% $320.15 +2.71 CSCO Cisco Systems Inc 195,710 76.2% 23.8% $19.4275 +0.36 BBD Banco Bradesco SA 182,922 99.6% 0.4% $20.25 -0.15 MGM [...]

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iShares Silver Trust (SLV) $29.52 +3.23%

iShares Silver Fund (SLV) December calls are seeing heavy trading today, as silver shines to a new 30-year high. Silver (March) added 92 cents to $30.19. Meanwhile, SLV gained 90 cents to $29.50 and 187,000 call options traded on the ETF, including 21480 Dec 30, 21035 Dec 29 and 10093 Dec 31 calls. SLV is [...]

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Visa Inc (V) $78.07 +0.93%

Visa (V) adds 60 cents to $77.95 and today’s put volume is 19,000 contracts, which is more than 3X the norm. The top trade is a Jan 70 – 72.5 put spread bought at 44 cents, 6000X. It might be a roll up in strike prices and comes after a four-day 5.6 percent run higher [...]

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Cameron International Corp (CAM) $50.70 -1.29%

Cameron (CAM) has come under pressure on increasing volume beginning 10 minutes ago, now down $1.25 to $50.11. Put volume is picking up as well. The action is concentrated in the front month. The 49s are the most actives. 1300 traded (83 percent ask) and implied vols up bout 8 percent to 42. There must [...]

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Celgene Corporation (CELG) $55.00 -9.23%

Celgene (CELG) is down $5.53 to $55.06 following a report suggesting there’s a risk of a second malignancy for some patients taking blood cancer drug Revlimid. Shares are trying to battle back off session lows ($54.24) after JP Morgan was out defending the stock today and Jim Cramer said on CNBC that the weakness is [...]

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

Symbol Name Puts Calls RealTime P/C Avg P/C WFR MEMC Electronic Materials Inc 20,762 943 22.02 0.56 CRZO Carrizo Oil and Gas Inc 4,020 207 19.42 0.86 CLWR Clearwire Corporation 17,598 1,296 13.58 1.36 CAM Cameron International Corp 3,661 294 12.45 0.41 LPS Lender Processing Services Inc 4,791 397 12.07 1.82 CIEN Ciena Corporation New [...]

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Manitowoc Company (MTW) $12.64 +5.95%

Manitowac (MTW) moved up early on private equity chatter (fly on the wall) and gathered additional momentum through midday. Shares are now up 72 cents to $12.65 on 18.5X the average daily options volume. 6,655 Jan 12.5 calls traded (63 percent ask). Dec 12, Dec 13 and Jan 14 calls are active as well. The [...]

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Rare Element Resources Ltd (REE) $11.06 +12.63%

Rare Element (RARE) adds $1.21 to $11.03 on talk Sumitomo is eyeing a stake in Rare Earth peer MCP — Briefing. Speculators are showing interest in the name as well. 3573 Dec $11 calls traded (78 percent ask). Another 3541 Dec $10 calls changed hands (77 percent ask). The top trade is a lot of [...]

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Altera Corp (ALTR) $37.50 -0.56%

Altera (ALTR) loses 26 cents to $37.45 and options are active, with 9300 puts and 4525 calls traded on the chip equipment maker. The top trades are part of a Dec 35 – 37 put spread, apparently bought at 55 cents, 727X. The Dec 37 puts have now traded 2052X vs. 511 in open interest. [...]

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MGM Resorts International (MGM) $13.40 -0.74%

MGM loses 12 cents to $13.38 and a block of 13000 December 14 calls was bought this morning at 44 cents per contract. This purchase, which might be closing, was tied to a block of shares at $13.62 (36 delta). Separately, one investor sold the Dec 12 – Jan 12.5 put spread at 58 cents, [...]

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