Options Recap — 7/6/2012

Stock market averages are deep in the red on disappointing jobs data. According to the Labor Department, the US economy added just 80,000 jobs last month. Economists were expecting to see 100,000. The rest of the report was mostly in-line with expectations. The unemployment rate was unchanged at 8.2 percent and average hourly earnings ticked up .3 percent. European markets finished with sizeable losses on the data. Spain’s IBEX paced the decline with a 3.1 percent slide. In the US, the Dow Jones Industrial Average opened lever and has failed to bounce during the session. The tech-heavy NASDAQ is lower and weighed down by disappointing guidance from storage device-maker Seagate Technology (STX). Crude oil plummeted $3.15 to $84.07 per barrel and gold lost $30.1 to $1579.3 an ounce. The Dow Jones Industrial Average is down 147 points and 44 points off session lows. The NASDAQ lost 46. CBOE Volatility Index (.VIX) is unimpressed, up just .19 to 17.69. Trading in the options market is light, but reflects the cautious underlying tone. 5.3 million calls and 5.4 million puts so far.

Trader Talk
Jobs. What Jobs?
ECBs Coeure says QE not on table; says negative deposit rate not currently needed but is theoretically possible – Briefing
Euro back to June Lows – Chart — Jamie Lissette
Crude Loses $3 — Chart. Gold Down $30 — Chart.

Movers
Symbol Last Change %Change StdDevs
INFA 31.35 -12.02 -27.7% 11.82
SCMP 5.17 -1.78 -25.6% 10.28
NAV 24.43 -4.36 -15.1% 2.11
APKT 15.97 -2.43 -13.2% 3.98
XOMA 3.87 +0.42 +12.1% 2.67
QLIK 17.98 -2.35 -11.6% 3.61
MSTR 120.28 -14.65 -10.9% 5.50
TDC 65.26 -7.36 -10.1% 4.74
ALXA 4.25 -0.47 -10.0% 0.88
ATRS 4.23 +0.38 +9.9% 3.13

Shakers (Implied volatility Movers)
Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
MWW 72.5% +15.6 +27.4% +15.4 $8.37 -0.18
INFA 51.8% +10.3 +24.8% N/A $31.39 -11.98
CLDX 61.0% +11.9 +24.3% +5.9 $5.35 -0.06
TDC 38.6% +6.5 +20.2% -0.0 $65.26 -7.36
FTNT 55.1% +9.0 +19.6% +2.3 $21.80 -2.33
HK 66.8% +10.7 +19.1% N/A $9.02 -0.44
EMC 32.9% +5.2 +19.0% +2.2 $24.07 -1.17
VPHM 48.9% +7.5 +18.2% +3.8 $22.67 -0.52
MLNX 73.3% +11.0 +17.6% +9.4 $73.56 -3.26
DUK 16.0% +2.3 +17.2% +0.4 $66.13 -2.44
52-Week Highs
45 new highs: AGM AGNC ALEX ATRS BDSI CASY CBL CG CHD CHTR CSU DHI DLR EXR FSIN FUR GGP GPRO GR HW INFI ISIS JMBA KMB LCC LEN LNCR LPX MGAM MITT MRC MTGE MUSA NAVB NSM OHI OMN PSB SCVL SIR SMBL SWHC WMT XOMA ZIOP

52-week Lows
24 new lows: AMCN APKT APPY BRFS CBAK CTRP ENVI GEVO GRPN INFA JAG MEET MRVL NIHD NOK QLIK RIC ROVI RVBD UVE VC VTUS WLT WTW

Top Equity Blocks
2.00m NOK 1.95 -0.07 -3.5% 10:09:28 – Average Price Trade
1.27m LFL 25.30 -0.18 -0.7% 10:01:17 – Cash
1.00m GE 20.00 -0.33 -1.6% 14:44:27 – Burst
1.00m RIMM 7.95 +0.26 +3.4% 12:00:09
994k C 26.75 -0.23 -0.9% 10:32:39 – Tied to Options
700k USG 20.50 -0.30 -1.4% 10:19:12 – Average Price Trade
634k LSI 6.17 -0.38 -5.8% 12:38:23
630k GE 20.00 -0.33 -1.6% 14:44:27 – Burst
625k HBAN 6.40 -0.02 -0.3% 14:44:18
618k RPTP 5.25 -0.05 -0.9% 10:27:51

Notable Flow

Bullish flow detected in TakeTwo Interactive Software Inc with 5618 calls trading, or 7x the recent avg daily call volume in the name. Shares near $9.295 (-0.205) with ATMIV lifting by 2.61 point and 92% of todays call premium trading offer side. WB_OUTPERF
PSSI – Bullish flow detected in PSS World Medical Inc with 2045 calls trading, or 60x the recent avg daily call volume in the name. Shares near $21.81 (-0.01) with ATMIV lifting by 7.00 point and 96% of todays call premium trading offer side.
KSS – Bearish activity detected in Kohls Corporation with 5964 puts trading, or 2x the recent avg daily put volume in the name. Shares near $47.34 (0.31) with ATMIV lifting by 1.10 point and 69% of todays put premium trading offer side. Auto Content (Trade-Alert) 12:51
VPHM – Bearish activity detected in ViroPharma Inc with 2471 puts trading, or 3x the recent avg daily put volume in the name. Shares near $22.48 (-0.71) with ATMIV lifting by 7.38 point and 93% of todays put premium trading offer side. Auto Content (Trade-Alert) 12:11

DUK – Bearish activity detected in Duke Energy Corp New with 2119 puts trading, or 2x the recent avg daily put volume in the name. Shares near $66.685 (-1.885) with ATMIV lifting by 2.52 point and 70% of todays put premium trading offer side.

SHAW – Bullish flow detected in Shaw Group with 5001 calls trading, or 6x the recent avg daily call volume in the name. Shares near $27.89 (-0.18) with ATMIV lifting by 6.02 point and 69% of todays call premium trading offer side.

Tags: featured, market update, Sentiment

Category: Market Update