WhatsTrading.com Options Recap — 11/01/2012

Stock market averages are holding solid gains in the final hour Thursday. European markets were mostly higher early, including a 1.4 percent jump in France’s CAC 40, heading into a heavy dose of domestic economic news. The data was mostly positive. ADP reported that the US economy added 158K private sector jobs in October, which was 15,000 more-than-expected. Jobless claims dipped to 363,000 last week and 15,000 better than anticipated. Strong jobs numbers come just one day before the Labor Department releases its key monthly report. Meanwhile, third quarter productivity was up 1.9 percent and .3 percent better-than-expected. And, ISM Index improved to 51.7, from 51.5 and .7 better than economists had predicted. Construction Spending was the only dim spot, increasing by .6 percent and .2 percent less than expected. On the commodities front, crude oil is up 66 cents to $86.90 on the heels of inventory data, but gold gave back $2.3 to $1716.8. On Wall Street, stock market averages opened higher and the rally gathered momentum through midday, but then slipped a bit heading into the close. The Dow Jones Industrial Average is now up 114 points and 64 points from session highs. The NASDAQ added 40.

Overall options volumes are much better than Wednesday. Projected volume is 14.5 million contracts, compared to 12 million the day before. 7.2 million calls and 5.8 million puts traded across the options exchanges so far. Ford Motor (F) is seeing heavy trading on the heels of yesterday’s earnings and today’s monthly sales update. 206,000 options traded in Ford. Barrick Gold (ABX), Western Union (WU), and Cirrus Logic (CRUS) are also seeing high post-earnings flow. Pre-earnings action is being seen in Las Vegas Sands (LVS), Starbux (SBUX), and Linkedin (LNKD). Call options on SPDR Financials (XLF) are seeing a flurry of activity. Bearish spread trading is being seen in JC Penney (JCP) and HCA. Finally, CBOE Volatility Index (.VIX) is down 1.89 to 16.71 amid slowing volume in the VIX pit. 161,000 calls and 113,000 puts so far.

Notable Flow

THC – Bullish flow detected in Tenet Healthcare Corporation New with 7326 calls trading, or 20x the recent avg daily call volume in the name. Shares near $24.64 (1.04) with ATMIV lifting by 2.43 point and 73% of todays call premium trading offer side. (Trade-Alert) 13:01

OPEN – Bullish flow detected in OpenTable Inc with 3183 calls trading, or 4x the recent avg daily call volume in the name. Shares near $46.69 (-0.28) with ATMIV lifting by 1.98 point and 85% of todays call premium trading offer side. (Trade-Alert) 12:41

XEC – Bearish activity detected in Cimarex Energy Co with 2608 puts trading, or 9x the recent avg daily put volume in the name. Shares near $58.19 (1.01) with ATMIV lifting by 1.16 point and 57% of todays put premium trading offer side. (Trade-Alert) 11:31

High options volume is being seen in F, ETP, ABX, GMCR, JCP, LVS, SBUX, LNKD, TRIP, AMAT

Movers

Symbol Last Change %Change StdDevs
CMVT 3.40 -3.19 -48.4% 43.98
PTIE 2.96 -1.71 -36.5% 10.78 Post-Earnings
KSWS 3.06 +0.78 +34.2% 10.01 Post-Earnings
IMH 13.31 +3.21 +31.8% 6.60
ABMD 13.74 -6.08 -30.7% 14.16 Post-Earnings
WNC 7.70 +1.39 +22.0% 11.24 Post-Earnings
GTIV 11.32 +1.95 +20.8% 9.65 Post-Earnings
PBH 20.65 +3.26 +18.7% 12.33 Post-Earnings
FARO 32.87 -7.33 -18.2% 12.63 Post-Earnings
AAWW 45.12 -9.87 -17.9% 10.66 Post-Earnings

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
AVP 41.7% -29.5 -41.4% -27.8 $15.65 +0.16 Post-Earnings
CRUS 48.8% -29.0 -37.3% -31.8 $36.26 -4.52 Post-Earnings
ATK 27.6% -15.5 -35.9% -14.1 $58.98 +1.69 Post-Earnings
EL 22.7% -12.7 -35.8% -12.6 $61.36 -0.26 Post-Earnings
FIRE 55.5% -28.7 -34.1% -27.9 $48.44 +5.65 Post-Earnings

AAP 40.4% +10.0 +32.7% -1.0 $79.72 +8.78
BMC 29.5% -14.3 -32.6% -13.8 $41.00 +0.30 Post-Earnings
SM 47.5% -22.5 -32.2% -20.2 $59.71 +5.79 Post-Earnings
RGR 40.1% -18.0 -31.0% -18.4 $44.50 -2.73 Post-Earnings
ALL 22.4% -8.9 -28.5% -10.5 $38.75 -1.23 Post-Earnings

52-Week Highs
195 new highs: AAN ABC ABG ACET AFL AMCX AME AMG AMWD AON AOS ARMH AUY AWH AXS AZPN BANR BAX BBEP BCEI BG BKH BLDR CBE CBL CBOE CCK CDE CHDN CI CLNY CMCSA CMCSK CMP CNK COF COG CPA CPRT CSE CSII CSL CSV CTGX CVA CVG CYH CYMI CYT CZZ DDD DDS DFS DIN DORM ECL ECOL EME EQM ETH EVER EWM EXAR EXH FICO FLT FRC FSIN FSTR GCVRZ GIL GLDD GRA GRFS GVA GWR HBC HBI HCC HII HNP HRB HSNI HTH IDA IFF IFGL IFSIA IMH INGR IOSP IR ITW JDAS JKHY KALU KEP KFN LANC LBY LEG LGF LII LINE LINTA LKQ LMCA LPL LUX LYG MDC MHK MIC MIDD MSI MVG MWA MYL NCT NFP NGG NGS NRF NTE NTSP NVE NWL NX OAK OCR ODFL OGE ORIT PBH PDFS PIR PMT PNM POL PPG PRE PSSI PVH PWR RDN RJF RWT RWX SAH SAP SATS SBGI SCCO SEH SHF SHOO SHOS SIG SJR SLM SLW SNA SRCL SSI SSS STC SXI TAO TBBK TGI THO TMO TREX TRS TTC TVL TYL UBS UNF UNS USG V VASC VCIT VMI VPFG WAC WAGE WDR WHR WIRE WRC WXS XHB YHOO

52-week Lows
58 new lows: ABMD ACUR AVEO BIRT BLKB BLOX BTH CBRX CIS CMVT COHR COOL CORT CPSL CRDC CVGI CZR DANG ESI EXC FARO FTE FXP GIFI GSE GSIG HZNP IDIX IMN IVAC JIVE JO KEG KVPHQ LOJN MVO NS NVTL OXGN PC PES PLAB PMCS PTIE RRD SHZ SKUL SMLP SZYM THM TNP TNS TRGT UMC VIXM VXZ WU ZIP

Top Equity Blocks
7.95m IWM 82.35 +0.41 +0.5% FINRA-ADF 14:06:30 – Average Price Trade
7.64m UWM 43.03 +0.64 +1.5% FINRA-ADF 14:06:30 – Average Price Trade
6.96m IJH 100.08 +2.22 +2.3% FINRA-ADF 14:09:06 – Derivatively Priced
5.31m WU 12.30 -0.43 -3.4% FINRA-ADF 12:36:02 – Burst
4.90m GEN 2.57 FINRA-ADF 14:20:09
4.40m MVV 71.28 +3.08 +4.5% FINRA-ADF 14:10:03 – Derivatively Priced
3.00m SIRI 2.92 +0.10 +3.7% FINRA-ADF 11:43:17
2.74m SSO 59.99 +1.17 +2.0% FINRA-ADF 14:08:09 – Derivatively Priced
2.74m SSO 59.98 +1.20 +2.0% FINRA-ADF 14:07:24 – Average Price Trade
2.58m XLF 16.08 +0.18 +1.1% FINRA-ADF 12:32:25 – Average Price Trade

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Category: Market Update