Options Recap – 7/3/2012

Market averages are holding modest gains and action is slowing ahead of the holiday break. The stock market closes early today, at 13:00 EDT, and remains closed until Thursday morning. Trading was steady overseas, with modest gains recorded across most major Asian and European equity markets. With no economic news or earnings to drive the early action, the US market also opened steady heading into a report on Factory Orders, which showed a better-than-expected uptick of .7 percent for May. Stock market averages ticked to session highs on the data. Crude oil is also getting some attention after surging to 6-week highs on concerns about escalation geopolitical tensions with Iran. Oil prices are now up $3.51 to $87.26 per barrel. Gold gained $24.5 to $1622.2 an ounce and the benchmark ten-year Treasury, which closes at 14:00 EDT, is down 8 ticks, pushing its yield to 1.61 percent. The Dow Jones Industrial Average is up 57 points and the tech-heavy NASDAQ gained 21.5. CBOE Volatility Index (.VIX) is off just .05 to 19.75 ahead of monthly same store sales, ECB, and ADP jobs numbers Thursday. The Labor Department’s monthly report is slated for Friday morning. Trading in the options market is active heading into the final minutes. 4.5 million calls and 4 million puts so far. Happy Fourth!

Trader Talk
Factory Orders Rise. First Time in 3 Months.
Strong June Auto/Truck Sales?
Crude Oil Surges to 6-Week High on Iran
Holiday Schedule
Rising with summer temps… and cooling sales. Thursday (July 5) before the open retailers are expected to report Same Store Sales for June — Briefing
ECB Thursday
Jobs Data Friday!
Remember the mutual funds use the last 3 day and the first 3 days of the month to buy – Mr. Top Step

Movers
Symbol Last Change %Change StdDevs
CCRT 4.40 +0.56 +14.6% 4.64
RIC 4.14 -0.64 -13.4% 3.05
XOMA 3.38 +0.38 +12.6% 3.46
FSM 3.86 +0.42 +12.2% 3.23
CLSN 3.69 +0.40 +12.2% 2.43
EXBD 46.40 +4.76 +11.4% 6.98
MUX 3.26 +0.33 +11.3% 2.34
SNTA 6.41 +0.64 +11.1% 1.02
THM 3.05 +0.28 +10.1% 1.50
MVG 9.25 +0.81 +9.6% 2.58

Shakers (Implied volatility Movers)
Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
FGP 37.8% +6.0 +18.8% N/A $19.00 -0.07
ZIOP 48.5% +7.4 +18.0% +6.4 $6.11 +0.01
GRPN 79.8% +11.4 +16.7% +6.9 $8.83 -0.68
AINV 25.8% +3.2 +14.2% +1.7 $7.77 +0.00
QIHU 61.3% -9.2 -13.0% -8.5 $16.78 +0.78
SNTA 81.9% -12.0 -12.8% -15.3 $6.41 +0.64
JAKK 37.3% -5.1 -12.0% -4.4 $16.48 +0.16
WDC 37.7% -5.1 -11.8% -3.7 $30.94 +1.10
XNPT 60.5% +6.1 +11.1% +2.0 $6.50 +0.43
LINE 15.1% -1.9 -11.0% -1.5 $38.91 +0.41

52-Week Highs
248 new highs: AAT ABAX ABCO ABT ACCL ACHC ACIW ACXM ADS AFCE AGNC AKRX ALEX ALGN ALGT ALL AMGN AMLN AMRN AMSG AMT AOL AOS ARIA ASML ASPS ATO AUXL AVD AWH AWR AZPN AZZ BAM BDE BDSI BIP BLDR BMRN BRK/B BRLI BTI BWS BXS CATM CATO CBL CBM CHD CHTR CIGX CL CLDX CLGX CLUB CMN CNL CNQR COR CRAY CSGP CSOD CSTR CSU CVG CVS CYBX CYMI DDD DEI DENN DF DFS DFT DISCK DK DLR DPS DVA ECL EFX EGP EIX EQIX EQY EXAS EXBD EXP FCBC FCF FIS FISV FLO FMX FR FRED FRT GBCI GHDX GLT GNC GR GRFS GRT HAE HCN HCP HOMB HPP HRL HSY HTWR HUB/B HW IDA IDXX IHS IMGN INDB INFI IPHS ISIS IT JAH JNJ KMB KO KOF KRC KVHI LEN LII LLY LNDC LNT LOPE LPSN LPX LTC MCK MDCO MDF MDSO MDVN MG MGAM MKC MLNX MMS MNR MO MON MRH MRK MSG MTGE MTN MUSA MWIV N NAVB NHI NMFC NNN NPBC NSM NU NWS NWSA O OHI OMN ONXX OTTR PCYC PDCO PDLI PEP PFS PHM PKT PNM POOL PRGO PRI PRXL PSB PSEC PTP RA RAI RAVN RE SAM SBAC SCI SEM SGEN SLXP SMBL SPF SPG SPNC SPPI SPSC SSNC STAG STWD SUI SWHC T TAM TGH THRX TMK TSS TU TWC TYL UGP UIL ULTI UMBF UNF UNFI USG V VAL VRSK VRSN VTR VVUS VZ WAL WDFC WEC WGO WIBC WMGI WMT WNR WR WRB WSO WST WTR WY XOMA

52-week Lows
10 new lows: CCO CHGS CHTP CTCM ENZ GRPN RIC RSH STXS SVNT

Top Equity Blocks
4.00m MU 6.86 +0.26 +3.9% MIDWEST 11:12:00 – Tied to Options
1.52m MODL 14.00 +1.05 +8.1% NASDAQ 10:26:46 – Average Price
1.25m AMLN 30.73 +0.03 +0.1% NASDAQ 11:34:16
1.20m SIRI 2.06 +0.02 +0.8% NASDAQ 12:16:04 – Average Price
1.00m BSBR 7.88 -0.01 -0.1% NASDAQ 11:30:19
1.00m TLB 2.50 -0.04 -1.6% NASDAQ 10:53:46
1.00m MU 6.72 +0.35 +5.5% NASDAQ 10:24:14 – Average Price
1.00m AMLN 30.71 +0.01 +0.0% NASDAQ 10:05:29
940k BSBR 7.88 -0.01 -0.1% NASDAQ 11:30:27
906k SNY 38.15 +0.16 +0.4% NASDAQ 12:20:42 – Bunched

Notable Flow
FST – Bullish flow detected in Forest Oil Corporation with 4038 calls trading, or 2x the recent avg daily call volume in the name. Shares near $7.24 (0.29) with ATMIV lifting by 2.80 point and 87% of todays call premium trading offer side. (Trade-Alert) 11:21

CTRP – Bearish activity detected in Ctrip Com International Ltd with 2377 puts trading, or 2x the recent avg daily put volume in the name. Shares near $16.23 (-0.27) with ATMIV lifting by 1.81 point and 84% of todays put premium trading offer side. (Trade-Alert) 12:31
TSL – Bullish flow detected in Trina Solar Ltd with 2527 calls trading, or 2x the recent avg daily call volume in the name. Shares near $6.74 (0.1) with ATMIV lifting by 3.91 point and 67% of todays call premium trading offer side. (Trade-Alert) 10:21
STP – Bullish flow detected in Suntech Power Holdings Co Ltd with 4476 calls trading, or 8x the recent avg daily call volume in the name. Shares near $2.05 (0.14) with ATMIV lifting by 5.08 point and 89% of todays call premium trading offer side. Auto Content (Trade-Alert) 10:01

Over the first hour 90470 contracts have traded in SPX today, 0.81x the recent hourly average, with 36545 calls and 53925 puts trading as the index trades near $1369.16 (3.65). Front term atm implied vols are near 14.5% and the CBOE VIX is currently near 16.38 (-0.42). Trade-Alert) 10:31

Tags: featured, market update, Sentiment

Category: Market Update