Archive for April 7th, 2011

Trade of the Day — LVS Spread

Today’s Trade of the Day is similar to the April 45 – May 50 call spread I wrote up earlier today. In this spread, the strategist was collecting a small credit to sell April 45 calls and buy May 50 calls. Note that the April 45 calls are in-the-money and have substantial open interest. So, [...]

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Option Volume Leaders as of 4:21 PM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg C Citigroup Inc 750,114 66.1% 33.9% $4.58 -0.01 AAPL Apple Inc 283,976 56.0% 44.0% $338.08 +0.04 CSCO Cisco Systems Inc 274,634 69.6% 30.4% $17.91 -0.16 NSM National Semiconductor Corp 234,564 99.5% 0.5% $24.07 +0.01 BAC Bank of America Corporation New 204,843 59.8% 40.2% $13.61 -0.11 LVS [...]

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Supervalu Inc (SVU) $9.07 +1.45%

Possible pre-earnings jitters in SuperValu (SVU), which is trading up 14 cents to $9.08 and volume in April 8 puts is 10,770 contracts. 97 percent traded at the ask. The top trade is 6,422 at the 10-cent asking price. The contract is 11.9 percent out-of-the-money and expires at the end of next week. Delta is [...]

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Las Vegas Sands Corp (LVS) $45.11 +0.56%

Las Vegas Sands (LVS) adds 32 cents to $45.17 and the Apr 45 – May 50 call spread is seeing interest today. It was sold at 12 cents, 10000X and 4 cents, 5000X (sold April to buy May) and is probably rolling activity ahead of the expiration. Volume in the April 45 calls, with are [...]

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Rare Element Resources Ltd (REE) $15.41 +17.29%

Rare Element Resources (REE) is leading the sector to higher ground Thursday on reports the US might respond to China’s recently announced plans to stockpile rare earth materials by initiating a stockpiling of its own. REE is up 16.2 percent to $15.27 and heading to session highs. Options action is brisk, with 23,000 calls and [...]

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Put/Call Ratio Leaders* as of 3:01 PM

Symbol Name Puts Calls RealTime P/C Avg P/C EAT Brinker International Inc 7,805 53 147.26 1.04 SAI SAIC Inc 7,629 140 54.49 0.31 UBS UBS AG LONDON BRH 4,532 207 21.89 1.35 BHP BHP Billiton Ltd 22,627 1,048 21.59 2.31 MT Arcelor Mittal 5,388 284 18.97 0.86 ALTR Altera Corp 9,475 561 16.89 1.11 SPG [...]

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LDK Solar Co Ltd (LDK) $11.72 -2.58%

LDK Solar (LDK) loses 36 cents to $11.67 and it looks like some investors are paying between 12 and 14 cents to open positions in April 13 calls ahead of the company’s Investor Day (4/11). The top trade is 7771 contracts at 14 cents on PHLX. 10680 now traded. The contract will expire at the [...]

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Gap Inc (GPS) $22.74 -1.39%

Gap Stores (GPS) hit a low of $21.97 Thursday morning after reporting a 10 percent decline in March same store sales. Consenus was for a 7.3 percent decline. The retailer also issued downside guidance for first quater earnings. Shares fell, but then battled back to a high of $23.33 and are now down 31 cents [...]

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BHP Billiton Ltd (BHP) $98.69 -0.89%

BHP touched a new 52-week high early Thursday, but came under pressure on news of another big earthquake north of Tokyo. Shares are trading down 98 cents to $98.60. Meanwhile, one investor apparently buys the May 85 – 95 put spread at $1.67, 10000X. Similar action surfaced after the earthquake and tsunami rattled investors in [...]

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Yahoo Inc (YHOO) $16.94 -0.65%

Yahoo (YHOO) loses 9 cents to $16.96 and one investor sells 10,000 April 17 calls to buy 20,000 April 16 puts, collecting 14 cents on the bearish (1X2) risk-reversal. The position was tied to 700K shares at $16.94. It comes after a 5.9 percent gain in shares since March 17 and possibly closes a bullish [...]

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