Corning Glass has the largest single stock option block trade on an otherwise slow day, as a buyer paid $1.30 for 29375 Jan 17 calls to open a new position. Executed by Hamilton Executionon the Amex, the trade opens a new position, but it may offset the largest block of open interest in the name, the Jan 17.5 calls, where 103K contracts are open, most from last summer when sellers were colecting $1.42 vs 14.25 stock.
About the Author (Author Profile)
Henry Schwartz is the president of Trade Alert LLC, a provider of real-time options analysis tools to leading Wall Street firms. His systems analyze hundreds of thousands of transactions per second to help professionals identify and interpret market activity in real time, supporting informed trading decisions and intelligent idea generation. He has held institutional trading and management roles with Bank of America, Bear Stearns, Salomon Brothers and the Hull Group, and made markets on the CBOE and AMEX floors in the US, and EUREX and MONEP overseas. Prior to founding Trade Alert, he led the electronic market-making group at Bank of America coincident with the launch of the International Securities Exchange. He received his bachelor’s degree in Economics from the University of California, San Diego and his MBA from NYU’s Stern School of Business.