Archive for June 30th, 2011
SPDR S&P 500 (SPY) $131.87 +0.88%
Today’s most actively traded options contract is the SPY Jun 131 Quarterly put, which expires after today. Shares of the exchange-traded fund are up $1.28 to $132 after Greek parliament passed a second round of austerity measures and after the latest Chicago PMI came in much stronger-than-expected (61.1 vs. 54 consenus). Meanwhile, 107,000 of the [...]
Put/Call Ratio Leaders* as of 12:01 PM
Symbol Name Puts Calls RealTime P/C Avg P/C PCYC Pharmacyclics Inc 5,548 4 1387.00 7.99 MTOR Meritor Inc 5,000 37 135.14 0.46 ELNK EarthLink Inc 8,000 101 79.21 0.19 ENOC EnerNOC Inc 2,864 53 54.04 0.81 CCI Crown Castle International Corp 4,010 301 13.32 0.55 DISH DISH Network Corporation 2,877 401 7.17 0.47 AIB Allied [...]
NetApp Inc (NTAP) $52.83 +5.74%
Netapp (NTAP) shares are rallying, up $2.24 to $52.20, and options on the data storage products maker are actively traded. 12,000 calls and 4,700 puts in NTAP so far. July 52.5 calls, which are now 30-cent OTM, are the most actives. 4,800 have changed hands. July 50s are seeing interest as well. There seems to [...]
Southwest Airlines Co (LUV) $11.58 +1.67%
Southwest Airlines (LUV) adds 21 cents to $11.60 and upside call buyers are active in the Aug and Sep 12s. September 12s are the most actives. 5,250 traded (95 percent Ask). Volume in the Aug 12s is approaching 2,000 (84 percent Ask). The flow might be closing, as open interest is sufficient to cover in [...]
Tellabs Inc (TLAB) $4.62 +2.90%
Bullish flow detected in Tellabs (TLAB), with 9957 calls trading, or 6x the recent avg daily call volume in the name. Shares are up 12 cents to $4.61 and today’s action includes a multi-exchange sweep of 4,566 Jul 4.5 calls at the 20-cent asking price, which appears to be an opening buyer, based on ISEE [...]
Option Volume Leaders as of 11:01 AM
Symbol Name Contracts Calls Puts Spot (Delayed) Spot Chg BAC Bank of America Corporation New 125,541 61.0% 39.0% $10.975 -0.17 AAPL Apple Inc 116,836 49.0% 51.0% $335.16 +1.12 F Ford Motor Company 74,298 82.9% 17.1% $13.9 +0.48 EBAY EBay Inc 71,058 41.6% 58.4% $32.25 +1.39 INTC Intel Corporation 64,476 74.9% 25.1% $22 +0.61 YHOO Yahoo [...]
Materials Select Sector (XLB) $39.19 +0.77%
Big Prints in the SPDR Basic Materials ETF (XLB). Shares add 32 cents to $39.21 and an Aug 34 – 37 (2X1) put ratio spread is bought at 15 cents, 20,000X. The posiition looks opening and comes after a four-day 4.6 percent rally in the ETF. It’s a bearish short-term play, possibly a hedge; as [...]
USEC Inc (USU) $3.44 +8.18%
Implied volatility in USEC (USU) is easing after the company secured agreements with strategic investors Toshiba Corporation and Babcock & Wilcox Investment. The uranium producer will now have more time to secure $2 billion in loan guarantees from the DOE to build the American Centrifuge plant in Piketon, OH. Shares are up 8.8 percent to [...]
iShares MSCI Eafe Index Fund (EFA) $59.79 +0.87%
iShares MSCI Europe, Australia, Far East ETF (EFA) adds 56 cents to $59.84 and a 20000-contract block of EFA Dec 65 calls is sold outright at $1.06 per contract. Looks opening and a possibly a bet that the recent rally across global equity markets has limited upside. EFA is on a four-day 4.7 percent run [...]
ION Geophysical Corporation (IO) $9.37 -0.53%
ION Geophysical Corp. (IO) is down 10 cents to $9.31 and about 3,000 Aug 10 calls were sold on the Houston-based seismic data acquisition instruments-maker. 50 cents was collected and looks like opening activity. Shares have not performed well lately and are down 26 percent since April. However, a three-day 15.2 percent rally beginning Monday [...]
