Apple options volume surpassed 1.3million contracts a minute ago, a new all time daily volume record for the name, as shares head into the close up more than 3% after setting a new 52wk high of 496.75 around noon. Calls lead puts about 840K:500K and the 495 and 500 strike weekly options that expire tomorrow leading the most actives. Interestingly, implied vol is higher in AAPL today, with the 30day ATMIV near 25%, up 4pts from yesterday’s close.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Second most active single stock (after AAPL) is BofA, on track for a million contracts with April 7 Calls leading the most actives. Largest block was a sale of 72,000 of these for 1.50 vs 5.8M shares at 8.27 and the trade resemblles flow yesterday when paper sold 130K late in the day for 1.38 vs 10M shares at 8.14. That was closing for the seller and looks to realize gains on purchases from early January for 23c vs 5.78 stock, on a position of 200K thats well over $20M in options profits.

Yingli Green Energy (YGE) adds 64 cents to $5.54 on volume of 12.5 million shares, which is more than 3X the typical volume through midday. Shares hit a high of $5.85 this morning on no news. Meanwhile, options action is heating up in the name as wll. 12,000 calls and 2,215 puts traded ont he stock. March 5 calls, which are 54 cents ITM and expiring in 36 days, are the most actives. 4,827 traded (93 percent Ask) against 2550 in open interest. Feb 5 and Feb 6 calls are seeing interestr as well and implied volatility in YGE options is up 21 percent and elevated at 99. Earnings are expected, but not confirrmed, around Feb 17 – which is expiration Friday.

*Scanning all single-stocks subject to 2500 contracts minimum call or put volume

Bunge (BG) is jumping on earnings today, up $2.69 to $62.43, and morning trades on the stock include a multi-exchange sweep of 5,841 Jul 67.5 calls for $1 per contract. It’s possibly an opening buyer. Separately, a sweep of 4,000 Jul 70 calls traded at 70 cents, when the market was 65 to 90 cents and is possibly opening call writing. 10,000 calls and just 67 puts traded in the name and levels of implied volatility are down 24 percent to 24.

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