WhatsTrading.com Options Recap — 01/09/2013

| January 9, 2013 | 0 Comments More


The Dow Jones Industrial Average is about midway in today’s range and, after rallying on Alcoa’s earnings early, drifted rather aimlessly in the afternoon session. The aluminum-maker unofficially kicked off the earnings reporting season with better-than-expected results and upbeat comments about aluminum pricing. Yet, more important earnings releases aren’t due out until next week and there’s been no economic data to guide the action Wednesday. Asia’s equity markets finished mostly higher, and Italy’s MIB index scored an impressive 2.2 percent gain to lead the European bourses ahead of tomorrow’s ECB meeting. The euro is flat at 1.3075 against the dollar. Crude oil is down 3 cents to $93.12 and gold lost $5 to $1657.5. On Wall Street, the Dow has trimmed its gain to 45 points. The NASDAQ is up 13.

Overall options volumes are running about the typical levels and projected to reach about 14.4 million contracts. With 35 minutes left to trade, 7.1 million calls and 5.7 million puts have traded across the exchanges. Much of the focus is on story stocks and not so much on macro trends. Facebook (FB) is seeing a flurry of activity on news it has scheduled a mysterious press event for next week. Shares are up $1.41 to $30.47 and nearly a half million options traded on Facebook. Clearwire (CLWR) sees high volume after DISH made an offer to buy the company. Shares are up 22 cents to $3.14 and 111,000 options have traded on the stock today. A massive call spread trades in Williams Companies (WMB). Boeing (BA) is up 3.2 percent to help the Dow after seeing steep losses over the past two days. 60,000 options have traded on the aerospace company. Seagate (STX) is seeing relative strength and higher volumes after raising guidance, but Herbalife (HLF) tanked and seeing bearish trading on news of an SEC investigation. Lastly, VIX fell to a morning low of 13.22 and levels not seen since June 2007, but is now up .28 to 13.90.

Notable Flow

FNSR – Bearish activity detected in Finisar Corp with 2032 puts trading, or 5x the recent avg daily put volume in the name. Shares near $15.305 (-0.795) with ATMIV lifting by 2.30 point and 63% of todays put premium trading offer side. (Trade-Alert) 12:51
RRC – Bearish activity detected in Range Resources Corp with 2689 puts trading, or 2x the recent avg daily put volume in the name. Shares near $63.555 (-0.615) with ATMIV lifting by 1.07 point and 73% of todays put premium trading offer side. (Trade-Alert) 12:11

MELI – Bearish activity detected in MercadoLibre Inc with 2279 puts trading, or 5x the recent avg daily put volume in the name. Shares near $86.03 (2.6) with ATMIV lifting by 1.46 point and 96% of todays put premium trading offer side. (Trade-Alert) 11:51

High options volume is being seen in FB, SAN, HLF, CLWR, PCS, LVS, STX, CHK, WMB, BA

Daily Open Interest Update

Tuesday’s total option volume of 13.3 million contracts resulted in net open interest growth of 2.08 million calls and 2.40 million puts. Bank of America Corporation (BAC), Microsoft Corp (MSFT), Apple Inc (AAPL) and Citigroup Inc (C) saw the greatest growth. Top five new positions opened include 22k Bank of America Corporation (BAC) 1/11 weekly 12 puts, 20k Bank of America Corporation (BAC) Feb-13 12 calls, 19k Linn Company LLC (LNCO) Aug-13 35 puts, 15k Newcastle Investment Corp (NCT) Aug-13 10 puts and 15k Newcastle Investment Corp (NCT) Aug-13 10 calls. (Auto Content (Trade-Alert))

Movers

Symbol Last Change %Change StdDevs
PRGN 4.42 +0.77 +21.1% 2.36
ININ 39.00 +6.10 +18.5% 9.90
CSIQ 4.38 +0.68 +18.4% 4.21
DQ 9.39 +1.19 +14.6% 1.71
ROSG 5.25 +0.65 +14.0% 3.32
TSL 5.80 +0.60 +11.5% 1.87
CALL 15.33 -1.98 -11.4% 3.01
SAAS 5.35 +0.54 +11.2% 3.92
NUVA 17.50 +1.74 +11.0% 6.18
MG 21.18 -2.54 -10.7% 5.89 Post-Earnings

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
APOL 44.2% -23.2 -34.4% -24.1 $19.40 -1.54 Post-Earnings
AA 22.8% -9.6 -29.7% -9.4 $9.10 +0.00 Post-Earnings
CALL 83.7% +18.1 +27.6% +15.1 $15.33 -1.98
GRMN 32.9% +5.3 +19.1% +3.6 $39.80 -2.45
GBX 41.7% -9.8 -19.0% -9.0 $17.84 +0.57 Post-Earnings
STZ 40.2% -8.9 -18.2% -9.0 $35.83 -0.23 Post-Earnings
CHK 41.2% +5.8 +16.4% +6.0 $17.15 +0.27
URBN 37.9% +5.3 +16.2% +5.1 $40.80 -0.37
CROX 44.6% +5.9 +15.3% +6.1 $15.32 +0.09
S 21.6% +2.9 +15.2% +0.7 $5.86 -0.11

52-Week Highs
294 new highs: .HGX AAMRQ AB ABG ACAS ACM ADC AFCE AFG AFSI AGII AGN AHT AINV ALKS AMG AMRI APO APOG ARMH ARTC ASGN ASH AZZ BAM BAP BBH BBVA BCO BCS BDX BG BIOS BKW BMO BMS BMTI BOX BRFS BRS C CBOE CCE CELG CFN CGI CHE CHMT CLDX CLNY CMCSK COR CORE CP CSII CTB CVD CVS CYBX CYT DBV DGI DHR DISCA DISCK DLX DSCI DST EEFT EFII EFX EGHT EMN ENR ENZ EPL EQIX EQM ERII ESC ETE EWH EWL EWW EXP EXPE EXR FAF FAS FBHS FBT FCE/A FELE FISV FLS FLT FMC FMX FNF FUL FXD FXZ GASS GCVRZ GEL GEOS GGC GM GPK GRP/U GSH HCC HIMX HOLI HOLX HOTT HRB HRL HSC HSNI HTGC HUN ICON IFF IFSIA IJH IJK ING INGR ININ ITB IYF IYG IYT JKHY JNK KALU KCAP KEP KKD LAZ LBTYA LCC LEA LEN LGF LIFE LII LKQ LNDC LNN LPX LSE LYB LYG MA MAS MCK MCO MDY MFC MGA MHK MHLD MHO MIC MMM MMP MOO MPEL MPW MRC MTD MTH MVV N NCS NHI NRF NSM NTCT OAK OC OCR OFG OKSB ORCL ORI ORIT OTTR PAA PACW PCH PCL PDFS PDP PEI PFE PHM PHO PKI PLD PMT POOL PPG PRXL PVH PWR RAS RAX RBS REXI RGEN RJET RJF RLGY RLJ RLOC RMD RNF RPM RS RUTH RWT RYL RYN SCS SEAC SEMG SHW SIAL SIG SIRI SIRO SKT SNTA SNTS SPF SPNC SPU SRDX SSS SSYS STC STT SUSP SWM SXI SYK SYRG TAO TDY TFX TKC TLP TMO TRGP TRMB TRP TTM TUES TWX TXI TYL UNP USG UYG V VAR VBK VCR VFH VIAB VIVO VMI VOT VRSK VRX VXF WAG WAL WCC WLK WOR WRC WY WYN XHB XL XLB XLF XLV ZMH ZQK

52-week Lows
24 new lows: .BVZ .OVX .VIX .VXEEM AAMRQ AU CERP DRV ESI FAZ FE MIDZ MZZ SCHS SKF SMDD SMN UVXY VIIX VIXM VIXY VLTR VXX VXZ

Top Equity Blocks
3.00m S 5.84 -0.13 -2.2% FINRA-ADF 09:53:46
2.83m SIRI 3.15 +0.01 +0.3% FINRA-ADF 09:55:48
2.26m YHOO 19.40 -0.39 -2.0% FINRA-ADF 14:55:47
2.00m ALU 1.57 -0.01 -0.5% FINRA-ADF 14:54:59 – Average Price Trade
2.00m AAMRQ 1.13 +0.23 +25.1% 11:29:58
2.00m ALU 1.58 FINRA-ADF 11:27:44
2.00m ALU 1.60 +0.02 +1.3% FINRA-ADF 10:40:35
1.51m DLPH 38.42 +0.24 +0.6% FINRA-ADF 11:55:06
1.47m PFE 26.34 +0.32 +1.2% FINRA-ADF 11:39:31 – Derivatively Priced
1.46m ARO 13.15 +0.27 +2.1% FINRA-ADF 09:48:44 – Burst

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Category: All Symbols, Market Update

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About the Author (Author Profile)

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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