WhatsTrading.com Options Recap — 01/24/2013

| January 24, 2013 | 0 Comments More



Market averages are mixed and the 12 percent drop in Apple (AAPL) is taking a bite out of the NASDAQ Thursday. The days other earnings results were mixed and a number of second tier names, like Salesforce.com (CRM), Travelzoo (TZOO), and Netflix (NFLX), are seeing large percentage gains. On the economic front, jobless claims confounded estimates after falling to 330K last week. Economists were expecting an increase to 355K from 335K. The list of leading indicators for December was up .5 percent and in-line with expectations. Crude oil added 73 cents to $95.96, but Treasury bonds (TLT) and gold prices (GLD) fell. On Wall Street, 22 Dow stocks are higher and the industrial average is holding a 50-point gain. The NASDaQ is down 21.8 points. The S&P 500 briefly traded north of 1,500 for the first time since 2007, but is now flat at 1495.

Houston, we have volume!Total volume across the exchanges is projected to be nearly 21 million contracts and well above the recent daily average of 15.4 million. The increase is being seen across a wide range of products, including both equity and ETF options. VIX Feb 16 calls have already been highlighted and are the day’s most actives, following by the huge spread trade in XRT. Apple 470 Weekly calls expiring after tomorrow are the most actively traded equity contract du jour. Meanwhile, volume in the SPX pit is more than 700K contracts and 1.3X the recent daily average. There was a noteworthy buyer of upside calls totaling 50K contracts, including 8000 Apr 1575 calls, 16000 June 1650 calls, 11000 Sep 1700 calls, 12000 Jan14 1800 calls

Notable Flow

MTW – Bearish activity detected in Manitowoc Company with 5332 puts trading, or 11x the recent avg daily put volume in the name. Shares near $17.26 (0.14) with ATMIV lifting by 1.22 point and 91% of todays put premium trading offer side. (Trade-Alert) 10:11

PAYX – Bearish activity detected in Paychex Inc with 12389 puts trading, or 8x the recent avg daily put volume in the name. Shares near $32.115 (-0.165) with ATMIV lifting by 2.48 point and 63% of todays put premium trading offer side. (Trade-Alert) 10:31

MUX – Bullish flow detected in McEwen Mining Inc with 2353 calls trading, or 3x the recent avg daily call volume in the name. Shares near $3.56 (-0.1) with ATMIV lifting by 4.39 point and 75% of todays call premium trading offer side. (Trade-Alert) 10:41

High options volume is being seen in AAPL, MSFT, XRT, NFLX , PFE, DOW, AIG, XLK, MCP, SBUX

Daily Open Interest Update

Wednesday’s total option volume of 15.6 million contracts resulted in net open interest growth of 3.02 million calls and 3.08 million puts. Apple Inc (AAPL), Nokia Corp (NOK), PPG Industries Inc (PPG) and Research In Motion Ltd (RIMM) saw the greatest growth. Top five new positions opened include 44k PPG Industries Inc (PPG) Feb-13 180 puts, 43k PPG Industries Inc (PPG) Feb-13 180 calls, 40k Nokia Corp (NOK) Apr-13 4.5 puts, 29k Cisco Systems Inc (CSCO) Jul-13 24 calls and 22k Georgia Gulf Corp (GGC) Feb-13 60 calls. (Trade-Alert) 9:01
Movers

Symbol Last Change %Change StdDevs
NFLX 145.67 +42.41 +41.1% 16.05 Post-Earnings
SWFT 13.21 +2.98 +29.1% 13.70 Post-Earnings
TZOO 24.06 +4.85 +25.2% 19.97 Post-Earnings
OSIS 58.48 -12.88 -18.0% 9.12 Post-Earnings
BIOD 2.72 +0.37 +15.7% 6.20
BPOP 26.00 +3.29 +14.5% 12.23 Post-Earnings
FDML 9.39 +1.17 +14.2% 5.62
ESI 16.23 +1.91 +13.3% 2.52 Post-Earnings
WHX 5.76 -0.85 -12.8% 5.47
FBC 15.50 -2.24 -12.6% 5.47 Post-Earnings

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
FMCN 34.5% +17.6 +103.8% +11.3 $24.92 -0.87
MLNX 62.0% -46.1 -42.7% -45.3 $51.08 -0.61 Post-Earnings
FFIV 31.4% -18.5 -37.0% -17.4 $103.28 +4.47 Post-Earnings
SNDK 28.3% -15.2 -34.9% -14.0 $48.97 +1.32 Post-Earnings
INVN 45.6% -23.0 -33.5% -20.7 $14.70 +1.46 Post-Earnings

LSI 29.3% -14.2 -32.7% -15.0 $7.34 -0.17 Post-Earnings
NFLX 51.9% -24.1 -31.7% -13.4 $145.67 +42.41 Post-Earnings
WDC 30.0% -13.8 -31.6% -12.9 $47.93 +0.86 Post-Earnings
XRX 23.0% -10.6 -31.5% -8.8 $7.78 +0.20 Post-Earnings
AAPL 30.7% -12.8 -29.4% -14.0 $453.31 -60.70 Post-Earnings

52-Week Highs
605 new highs: Too many symbols to list

52-week Lows
50 new lows: .AVSPY .VXEEM .VXEWZ .XDN AU COOL DOG DPK DRV DUG DXD EFZ EPV ERY ESI EUO FAZ FSA FSG HDGE HMY IACI IAG MIDZ MZZ RSW RUSS RWM SCOK SDOW SDS SEF SH SIJ SKF SMDD SMN SPXS SPXU SRS SRTY SVM TWM TZA UPI UVXY VIIX VIXY VLTR VXX

Top Equity Blocks
@ALL, Benchmark .SPX +0.1%
5.00m NOK 4.37 -0.29 -6.2% FINRA-ADF 12:40:03 – Next Day
3.88m NWSA 27.45 +0.04 +0.1% FINRA-ADF 10:49:46 – Burst
2.50m CLWR 3.24 +0.03 +0.9% FINRA-ADF 15:11:37
2.03m USB 33.10 -0.01 -0.0% FINRA-ADF 13:08:18 – Average Price Trade
2.00m XLF 17.37 +0.04 +0.2% FINRA-ADF 13:51:33 – Average Price Trade
2.00m SIRI 3.10 -0.02 -0.6% FINRA-ADF 11:27:17
1.88m DIS 54.54 +0.59 +1.1% FINRA-ADF 10:04:03 – Burst
1.00m SPY 149.37 +0.15 +0.1% FINRA-ADF 12:43:03 – Average Price Trade
1.00m SPY 149.37 -0.12 -0.1% FINRA-ADF 14:16:22 – Derivatively Priced
1.00m NOK 4.42 -0.23 -4.8% FINRA-ADF 11:25:14 – Average Price Trade

Tags: ,

Category: Market Update

Please share if others would benefit

Leave a Reply

You must be logged in to post a comment.

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.

s2Member®