Options Recap — 7/17/2012

Market action was mixed into midday, but the underlying tone improved during the second half of trading Tuesday. On the economic front, the the CPI was flat and Industrial Production rose .4 percent in June. Both reports were roughly in-line with estimates. However, the latest NAHB Sentiment Index surprised after showing builder confidence increasing to 35 in July, from 29 last month and much better than expectations of 30. Yet, stock market averages fell into the red shortly after the homebuilder report was released when Fed Chairman Bernanke kicked off testimony to Congress. Bernanke failed to dazzle the audience, as his sobering comments about the economic outlook failed to include any indication of further quantitative easing. Yet, a major sell-off never materialized and, instead, market averages are near session highs heading into the final hour. Upbeat earnings from names like Mosaic, Goldman and Coca Cola might have inspired a bit of buying interest Tuesday afternoon. For whatever reason, the Dow is now up 90 points and the NASDAQ has added 15. CBOE Volatility Index (.VIX) is off .66 to 16.45 amid active trading in the options market. 6.9 million calls and 5.9 million puts traded so far.

Movers
Symbol Last Change %Change StdDevs
EDU 14.59 -7.67 -34.5% 15.76 Post-Earnings
DGIT 12.01 +2.40 +25.0% 9.11
DTSI 18.49 -5.93 -24.3% 18.84
FTEK 5.35 +0.78 +17.1% 6.73
MFRM 25.15 -4.62 -15.5% 4.31
AUQ 6.51 -1.03 -13.7% 5.22
GNOM 2.88 +0.33 +12.9% 1.26
MMR 13.11 +1.42 +12.1% 2.57 Post-Earnings
SFG 33.10 -3.99 -10.8% 6.07
VNET 10.00 -1.19 -10.6% 3.95

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
EDU 100.3% +29.3 +41.2% +15.4 $14.55 -7.71 Post-Earnings
MAT 22.8% -12.6 -35.6% -8.0 $34.15 +3.11 Post-Earnings
CMA 24.2% -8.5 -26.1% -5.8 $32.05 +1.24 Post-Earnings
CTAS 22.1% -7.7 -25.9% -8.7 $38.04 -1.37 Post-Earnings
ARR 14.0% -4.9 -25.9% -2.9 $7.40 +0.07
ELN 135.1% +27.7 +25.8% +26.2 $13.99 +0.34
AVP 55.1% +11.2 +25.6% +11.7 $16.46 +0.62
PRX 8.3% +1.4 +20.9% +1.0 $50.16 +0.16
JBHT 23.6% -5.8 -19.7% -7.1 $55.02 -3.31 Post-Earnings
ARMH 43.3% +6.7 +18.4% +5.0 $21.89 -0.82

52-Week Highs
184 new highs: .UTY AAT ABT ACC ACXM AEP AFFY AGNC AGP AIV ALNY AMGN AMSG AMT AMTG ATO ATRS AVA AVB AWH AWK BBH BBHYL BDE BIIB BRK/B BXS CBRL CF CHD CHTR CLNY CMS CNL COR COST CPT CPTS CRBC CTL CVS DEI DEO DFS DIS DLR DTE DVA EDE EDR EFX EGP EMB EPD EQR EQY ETRM EXAS EXR FCBC FCF FELE FL FRI FRME FRT FUN GBCI GRFS GRU GXP HAIN HCN HCP HCSG HE HGR HPP HR HSNI HTWR IBB ICF IOC ISBC IYH IYR JJG JNJ KCAP KFT KMB LBTYA LLY LNT LPX LQD LRY MBFI MCK MMP MO MODL MON MRC MRK NCR NCT NEE NHI NKTR NNN NU OCN OHI OILT OREX OWW OZRK PAA PCY PDLI PFE PFF PGF PKG PMT PNW PPH PPHYL PPS PRA PRAA PSA PSB PTP PZZA QLTI REG RNF ROST RWR SCI SEMG SGEN SIR SKT SPG SRE SSS STWD SUI SUSQ SWX TEG THRX TJX TLK TMH TUES TWC TWO TXI UFPI UIL UNS URE USB VCIT VMI VNQ VPFG VR VRSK VTR VZ WAL WGO WIBC WNR WPP XLP XLU XLV

52-week Lows
101 new lows: ACLS AERL ALTR ALU AMCC ANR AONE APOL ARMH ATK ATML AUQ AVX AWC AXU BIDU BPAX BSFT CAJ CALX CECO CEL CEVA CGX CRDN CTRP CY CYOU CZR DDMG DHT DRV DRWI DTSI EA EDMC EDU EXM FALC FLIR FNSR GMCR GNK GSVC HGG HLIT HOKU HPQ IRF ISIL IXYS JAG JCP JDSU JNPR MERC MM MOTR MTOR NOAH NOK NRP ONNN PAAS PGJ PLCM PWAV QRM RIMM SAFM SBLK SFD SIMG SINA SLH SNE SOHU SONS SRS SUPX SVU SYMC TC TEA TLAB TSN TZOO UVE UVXY VC VELT VIIX VIXM VIXY VOG VXX VXZ WBMD WLT WRC ZNGA

Top Equity Blocks
7.71m VALE/P 19.12 +0.09 +0.5% 12:35:00 – Derivatively Priced
4.00m HGSI 14.21 +0.02 +0.1% 12:10:07
2.95m SIRI 2.03 -0.04 -1.9% 10:43:26 – Burst
2.00m ALU 1.11 -0.25 -18.4% 11:12:47 – Average Price Trade
1.91m HGSI 14.20 +0.01 +0.1% 09:48:26
1.89m S 3.64 +0.18 +5.1% 11:06:30
1.75m NOK 1.73 -0.10 -5.5% 11:09:09 – Average Price Trade
1.70m XLF 14.71 +0.03 +0.2% 12:35:14
1.44m BAC 7.76 -0.02 -0.3% 11:27:20 – Tied to Options ANUR
1.25m NOK 1.70 -0.11 -6.1% 11:30:20 – Average Price Trade

Notable Flow
HIG – Bearish activity detected in Hartford Financial Services Group Inc with 10433 puts trading, or 3x the recent avg daily put volume in the name. Shares near $16.595 (0.045) with ATMIV lifting by 1.07 point and 55% of todays put premium trading offer side.
EVEP – Bullish flow detected in EV Energy Partners LP with 2890 calls trading, or 5x the recent avg daily call volume in the name. Shares near $55.749 (1.089) with ATMIV lifting by 1.89 point and 50% of todays call premium trading offer side.
ETFC – Bearish activity detected in E Trade Financial Corporation with 2909 puts trading, or 5x the recent avg daily put volume in the name. Shares near $7.935 (-0.105) with ATMIV lifting by 4.18 point and 75% of todays put premium trading offer side.


See more bullish and bearish flow using Flow Monitor. Type symbol @all and then 1.

High options volume is being seen in Vivus (VVUS), Intel (INTC) , and Pfizer (PFE)

Tags: featured, market update, Sentiment

Category: Market Update