Archive for June, 2011

Option Volume Leaders as of 4:21 PM

Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg BAC Bank of America Corporation New 416,033 62.0% 38.0% $10.96 -0.18 AAPL Apple Inc 268,031 51.4% 48.6% $335.67 +1.63 JPM JP Morgan Chase and Co 246,127 84.7% 15.3% $40.94 +0.49 F Ford Motor Company 177,324 80.2% 19.8% $13.79 +0.37 C Citigroup Inc New 162,181 63.2% 36.8% [...]

June 30, 2011 | 0 Comments More

Avalon Rare Metals Inc (AVL) $6.95 +6.60%

Avalon Rare Metals (AVL) is rallying and order flow is bullish amid a rally in the rare earth names today (REE, MCP also up). The gains in the space are apparently related to a Bloomberg story that notes a key rare earth plant in Malaysia is being delayed by government officials due to safety concerns. [...]

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Corning Inc (GLW) $18.14 +2.66%

Impressive call volume in Corning (GLW) today. Shares of the specialty glass maker are up 42 cents to $18.09 and 73,000 contracts traded. By way of comparison, typical call volume is 6,800 and a total of 8,900 puts have changed hands. The top trade of the day is a 20,000 contract block of Aug 19 [...]

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SPDR S&P 500 (SPY) $131.89 +0.90%

SPY July 123 – 126 – 129 put fly is seeing interest for a second day. The spread traded at 39 cents, 46000X, Wednesday morning and at 32 cents, 31,000X, in afternoon trading yesterday. Today, the same position trades at 20 cents, 20000X. July 126 puts were sold at 28 cents for the body of [...]

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Eastman Kodak Co (EK) $3.60 +0.28%

Eastman Kodak (EK) adds 3 cents to $3.62 and the Jul 4 – 5 call spread recently trades at 18 cents, 3000X. Looks buyer-initiated and might be a play on an ITC ruling related to a patent infringement case against RIM and Apple. A decision is expected today. Total volume in EK options is 60,000 [...]

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

Symbol Name Puts Calls RealTime P/C Avg P/C UNTD United Online Inc 2,730 3 910.00 6.56 PCYC Pharmacyclics Inc 5,548 10 554.80 7.99 MTOR Meritor Inc 5,036 51 98.75 0.46 CAVM Cavium Inc 6,819 140 48.71 1.99 ELNK EarthLink Inc 8,000 211 37.91 0.19 ENOC EnerNOC Inc 4,311 155 27.81 0.81 LLEN L and L [...]

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Warner Chilcott PLC (WCRX) $24.24 +1.55%

Warner Chilcott (WCRX), an Irish pharmaceutical maker, has added 35 cents to $24.22 and options action is picking up today, with 3,555 calls and 400 puts traded in WCRX so far. July 24 calls, wich are now 22 cents in-the-money and expiring two weeks from tomorrow, are the most actives. 2,225 traded (71 percent Ask). [...]

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iShares Russell 2000 Index Fund (IWM) $82.97 +0.93%

iShares Small Cap Fund (IWM) adds 80 cents to $83 and it appears that an IWM Aug 70 – 75 – 80 put fly is bought at 57 cents, 20000X on ISE. While open interest is sufficient to cover, ISEE data hint at opening activity. If so, it’s a bearish play, maybe a short-term hedge. [...]

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Apollo Group Inc (APOL) $43.97 +2.21%

Players are bracing for volatility in Apollo Group (APOL) ahead of earnings. The top trade is a buyer of 900 Jul 44 calls at $2.04 and tied to shares at $43.80.on a 50 delta. The next biggest trade is a Jul 35 – 39 put spread, apparently bought at 50 cents, 622X on ISE. Beyond [...]

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First Solar Inc (FSLR) $137.70 +6.40%

First Solar (FLSR) options are busy and implied volatility is easing after the company obtained $4.5 billion in loan guarantees from the Department of Energy. Shares of the solar panel manufacturer are up $8.36 to $137.78. Options volume is 27,000 calls and 23,000 puts, or 4X the expected for midday. July 140 call options are [...]

June 30, 2011 | 0 Comments More
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