WhatsTrading.com Options Recap — 11/9/2012

| November 9, 2012 | 0 Comments More


Overall market action is slowing after a volatile few days of trading. The action has been choppy and early gains inspired by economic data faded through midday. The Univ of Michigan reported that its index of consumer sentiment rose to 84.9 in November, from 82.6 last month and better than the 83.0 that was expected. Wholesale inventories were up 1.1 percent (vs. .4 percent consensus) and the Trade Gap unexpectedly narrowed to $41.5 billion in September, from $45.4 billion in August. The Dow Jones Industrial Average had forged a 50-point gain midday with help from the numbers. The rally didn’t last and the Dow was back into negative territory by early afternoon. Since then, action has been choppy. The Dow is now holding an 11-point gain. The NASDAQ added 15.

Trading in the options market was active this morning, but tapered off in afternoon action. Projected volume is 14.5 million contracts. About 6.4 million calls and 6.7 million puts traded across the exchanges so far. Near-the-money Weekly puts and calls on the SPYders are the most actives. SPY is up 49 cents to $138.53 and the expiring Weekly 139 calls top the list. 113,500 contracts traded. Apple Weekly 550 and 555 calls are the most actively traded equity options. EFA, the Europe, Far East, and Australasia ETF, is seeing high put volume. Shares are flat at $52.80 and much of the focus is on Jan 2013 options. JC Penney (JCP) is seeing a flurry of activity on the heels of its profit report. JCP is now down $1.19 to $20.50 and 250,000 options traded on the stock. A noteworthy combo traded in Sirius Satellite (SIRI) Jan 2.5 – Jan 3 calls, 25000X this morning. Meanwhile, CBOE Volatility Index (.VIX) is off .11 to 18.38 and continues to ease off the multi-month closing high of 19.08 set Wednesday. Volume in the VIX pit is very light. 108,000 calls and 72,000 puts so far. Have a great weekend! See you Monday.

Notable Flow
WLL – Bullish flow detected in Whiting Petroleum Corp with 7630 calls trading, or 2x the recent avg daily call volume in the name. Shares near $44.56 (1.04) with ATMIV lifting by 2.14 point and 57% of todays call premium trading offer side. (Trade-Alert) 13:01

VRX – Bearish activity detected in Valeant Pharmaceuticals International Inc with 5228 puts trading, or 6x the recent avg daily put volume in the name. Shares near $53.64 (-0.43) with ATMIV lifting by 3.89 point and 97% of todays put premium trading offer side. (Trade-Alert) 12:51

VRA – Bullish flow detected in Vera Bradley Inc with 2401 calls trading, or 11x the recent avg daily call volume in the name. Shares near $27.18 (0.31) with ATMIV lifting by 8.47 point and 62% of todays call premium trading offer side. (Trade-Alert) 12:41

High options volume is being seen in JCP, EFA, HES, MCP, DIS, GRPN, SIRI, SD, LMT, DTG

Movers

Symbol Last Change %Change StdDevs
GRPN 2.76 -1.16 -29.6% 9.39 Post-Earnings
DTSI 14.91 -5.71 -27.7% 14.33 Post-Earnings
SQNM 3.68 +0.65 +21.5% 6.49 Post-Earnings
ZIP 7.32 +1.28 +21.2% 10.14 Post-Earnings
RNDY 4.23 -1.10 -20.6% 7.76 Post-Earnings
SCLN 4.25 -1.02 -19.4% 8.86 Post-Earnings
DGIT 9.95 +1.47 +17.3% 5.36 Post-Earnings
STRA 46.50 -9.67 -17.2% 4.56 Post-Earnings
JRCC 2.81 -0.55 -16.4% 1.43
CYTX 3.74 +0.52 +16.1% 5.61 Post-Earnings

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
UBNT 77.1% -58.5 -43.1% -51.1 $11.75 +1.60 Post-Earnings
IGT 39.0% -29.1 -42.7% -25.8 $13.49 +0.66 Post-Earnings
DTG 32.0% -17.3 -35.1% -8.4 $82.95 +3.25
NVDA 36.9% -18.5 -33.3% -18.2 $12.30 -0.38 Post-Earnings
COV 18.7% -8.6 -31.6% -6.0 $55.96 +2.60 Post-Earnings

NVO 23.8% -10.3 -30.2% -7.5 $155.42 -4.33
SPRD 56.8% -24.2 -29.9% -28.0 $19.57 -1.76 Post-Earnings
LGF 38.2% -14.6 -27.7% -18.8 $16.85 +2.25 Post-Earnings
YONG 37.1% -14.2 -27.7% -14.8 $5.34 -0.07 Post-Earnings
DLB 41.1% -15.1 -26.9% -18.8 $32.60 -1.51 Post-Earnings

52-Week Highs
22 new highs: ADT AG ALGT ASR AUY BIV BLL BOND CRAY DDD FBC FLT HTA HYD IIJI MKL MYL PDFS PZA SLF SSS TSM

52-week Lows
167 new lows: .SRO ABFS ABMD ACUR AEE AMSC ANGO ANH APA ARC ART AT ATSG ATVI AVAV AVEO B BBBY BCOV BCRX BEBE BERY BGCP BIRT BLOX BTX BUSE BV CBR CECO CEDC CHOP CLB CLMS CPHD CPIX CPSL CROX CSX CTCT CVU CY CZR DD DHT DIOD DOM DRCO DTSI DUF DVN EBR EBR/B ED EEQ ELP ENDP ENVI ESI ESIO EXPR FMD FTE GDP GES GIFI GLPW GLUU GRPN GST GSVC GTS HHS HPQ HWCC IMN INTC IQNT JO JW/A KEG KRO KWK LLNW LOGI LTBR MCD MCF MCP MGI MIND MTDR MVO NATI NFX NLST NOG NS NSC NTLS NTRI NVTL NWN NYX OXF OXGN OXY PBI PBT PBW PEGA PER PES PFPT PGNX PMFG PNX PRGN PSE PTIE PULS PWE RBCN REN RMTI RNDY RNO RRD SB SBLK SCLN SD SDT SEP SGY SGYP SMTX SONS SREV SSN STR STRA SWS SYPR SZYM TAN TE TFSL THI TNP TROX TSL UAMY URA URRE USEG VLCCF VNDA VOC VTUS WBMD WCG WFT WIN WRE ZNGA ZUMZ

Top Equity Blocks
8.30m GEN 2.44 +0.02 +0.8% FINRA-ADF 10:47:48 – Average Price Trade
8.14m GRPN 2.85 -1.07 -27.3% FINRA-ADF 12:19:26 – Burst SOCIAL
3.56m GRPN 2.78 -1.14 -29.1% FINRA-ADF 11:04:23 SOCIAL
3.36m GRPN 2.74 -1.18 -30.1% FINRA-ADF 14:02:12 – Burst SOCIAL
3.36m GRPN 2.74 -1.16 -29.8% FINRA-ADF 14:17:05 SOCIAL
3.35m EZU 29.93 +0.02 +0.1% FINRA-ADF 12:42:13 – Derivatively Priced
3.00m IAU 16.92 -0.04 -0.2% FINRA-ADF 10:51:09 – Average Price Trade
2.77m GRPN 2.77 -1.13 -29.0% FINRA-ADF 14:40:49 SOCIAL
2.74m GRPN 2.77 -1.15 -29.3% FINRA-ADF 14:38:00 – Burst SOCIAL
2.12m SPY 138.84 +0.80 +0.6% FINRA-ADF 13:24:33

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Category: Market Update

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Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.

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