WhatsTrading.com Options Recap — 01/29/2013

| January 29, 2013 | 0 Comments More



A weak reading on consumer confidence and a disappointing round of earnings from the tech sector failed to halt the stampede Tuesday. Pfizer (PFE) is up 3.4 percent and helping to lead the Dow Jones Industrial Average to a 75-point gain on the heels of its earnings report. Valero (VLO), Eli Lilly (LLY), and CIT are among the other large caps seeing gains on profit news. However, in the tech sector, Seagate (STX), Sanmina (SANM), EMC and VM Ware (VMW) all disappointed. At the same time the Conference Board’s Consumer Sentiment Index for January fell to 58.6 for January, from 66.1 and well below expectations of 65.1. There was minimal reaction to the report. Elsewhere, markets were mostly mixed across Asia and Europe. Crude oil prices rose 96 cents to $97.40 per barrel and gold gained $9 to $1662. On Wall Street, the S&P 500 Index continues its ascent and is up another 7.82 points to 1,508. The tech-heavy NASDAQ lost 1.

Trading in the options market is being driven by earnings news, but also has a wait-and-see feel ahead of the FOMC tomorrow and key data Wed-Friday. Volume is projected to be 16.2 million contracts and slightly greater than the recent daily average. 8.4 million calls and 6 million puts traded across the exchanges so far. Pfizer is seeing a flurry of activity in the wake of its profit report and due to ex-dividend trading. 1.35 million options traded in Pfizer. iShares China Fund (FXI) February 43 calls are seeing interest. 94,200 contracts traded. Trading in Amazon.com (AMZN) is busy ahead of its profit report, due out after the closing bell. More than 200,000 contracts traded in the online retailer. Meanwhile, high post-earnings flow is being seen in Yahoo (YHOO), STX, and Valero.

Notable Flow

FST – Bullish flow detected in Forest Oil Corporation with 37030 calls trading, or 45x the recent avg daily call volume in the name. Shares near $6.685 (0.185) with ATMIV lifting by 1.24 point and 54% of todays call premium trading offer side. (Trade-Alert) 14:41

TSCO – Bearish activity detected in Tractor Supply Co with 3049 puts trading, or 11x the recent avg daily put volume in the name. Shares near $93.73 (-1.01) with ATMIV lifting by 9.05 point and 54% of todays put premium trading offer side. (Trade-Alert) 12:51

NKTR – Bearish activity detected in Nektar Therapeutics with 5643 puts trading, or 14x the recent avg daily put volume in the name. Shares near $9.02 (-0.04) with ATMIV lifting by 7.15 point and 99% of todays put premium trading offer side. (Trade-Alert) 12:31

High options volume is being seen in PFE, YHOO, AMZN, FXI, WFC, STX, JCP, KERX, EMC, VLO

Daily Open Interest Update

Monday’s total option volume of 15.2 million contracts resulted in net open interest growth of 2.77 million calls and 3.05 million puts. Gilead Sciences Inc (GILD), Facebook Inc (FB), Yahoo Inc (YHOO) and Apple Inc (AAPL) saw the greatest growth. Top five new positions opened include 51k Facebook Inc (FB) Feb-13 35 calls, 23k H and R Block Inc (HRB) Apr-13 25 calls, 21k H and R Block Inc (HRB) Apr-13 20 puts, 20k Gilead Sciences Inc (GILD) Jan-14 30 puts and 18k Bank of America Corporation (BAC) Apr-13 12 calls. (Auto Content (Trade-Alert))
Movers

Symbol Last Change %Change StdDevs
KERX 8.56 +2.50 +41.3% 3.08
MLNK 2.95 +0.76 +34.8% 6.84
OXF 4.05 -1.89 -31.8% 11.42
VMW 77.67 -20.65 -21.0% 12.20 Post-Earnings
SANM 9.40 -2.35 -20.0% 8.27 Post-Earnings
VTUS 3.27 +0.54 +19.8% 3.51
SWIR 10.72 +1.56 +17.0% 7.62
OCZ 2.26 -0.42 -15.7% 2.97
IBCP 5.04 +0.65 +14.8% 7.40
LXK 23.89 -4.06 -14.5% 6.86 Post-Earnings

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
TUP 18.6% -19.0 -50.6% -18.1 $73.80 +3.47 Post-Earnings
XTEX 31.8% +9.4 +42.2% N/A $16.77 -0.20
YHOO 23.0% -16.1 -41.2% -15.7 $19.87 -0.44 Post-Earnings
WPZ 15.0% +4.3 +40.7% N/A $50.83 -0.10
GNTX 31.9% -19.9 -38.4% -19.0 $19.32 +0.64 Post-Earnings
KMP 13.2% +3.6 +37.9% N/A $89.66 +1.28
HOG 22.6% -12.7 -35.9% -11.9 $54.02 +0.82 Post-Earnings
PII 28.3% -15.7 -35.7% -18.0 $87.50 -4.43 Post-Earnings
BMC 20.2% -10.2 -33.4% -12.8 $41.10 -3.38 Post-Earnings
TSCO 42.9% +10.5 +32.5% +10.3 $93.32 -1.42

52-Week Highs
390 new highs: .BSZ .DJX .EUU .HGX .OEX .SPX .SPXPM .SRO .VSTRP .XDE .XEO .XSP AAT ABCO ABV ACIW ACM ACOR ACWI ACWX ADC ADI ADP AER AFG AGCO AHL AIG AKR ALE ALJ AMG AMJ APOG ARII ARTC AZN BBX BCO BEAV BEN BITA BKH BKMU BKU BMI BMR BSET BSX BUD CAM CBI CCE CCOI CFX CHE CIT CL CLWR CLX CMA CMS CNI CNK CP CPN CPRT CR CREE CSGP CSL CSU CTGX CUBE CVI CVRR CX CZZ DCT DDM DDR DE DHI DHR DIA DIG DISH DK DLX DO DOV DRC DRN DST DTN DVY DW DXPE DZK EFA EFC EFV EGP EIG ELGX ELS EME EMN ENH EPP EQM EQY ERIC ERX ESE ESV EV EWA EWD EWG EWL EWQ EWU EWW EXR FBRC FDP FELE FEZ FFCH FIX FMX FNGN FR FRP FXS GB GGG GIL GIS GK GKK GLP GPC GS GVA HAE HAL HBC HBIO HCN HDV HELE HES HFC HI HIW HLSS HLX HNI HNP HOG HPP HR HRB HSC HTGC HUB/B HZO IAI IBCP IBN ICGE IDA IDTI IDV IEV IIIN IJS IMKTA IOO IPAR IRET ITT IVE IVR IVV IVZ IWB IWC IWD IWN IWS IWV IYE IYF IYH IYR JAH JNJ KBE KERX KIE KMB KOF KRC KRG KSU KVHI KW KYAK L LDL LEA LECO LEDR LGF LINTA LLY LNC LNG LRY LUX LYB MAN MCO MDC MDSO MDT MGC MGV MHK MITT MLI MLM MLPN MMM MMP MORN MPC MPW MSA MTZ NBL NCS NDAQ NEE NHI NI NPO NXST NYX OEF OII OPK ORBC ORCL OTTR PAA PBJ PCAR PCL PDM PFE PG PHG PJC PLD PLL PNFP POOL POR POST POWL PRIM PRO PSTB PSX PVTB QDEL RDY RE RJF RNR RPAI RPT RSE RSU RWL RY SAFT SATS SCHB SCHD SCHF SCHW SCHX SCS SDLP SDY SEIC SFI SHAW SHLM SHOS SIGI SLH SNA SNTA SPB SPLV SPXL SPY SRE SSO SSS STE STR STZ SWFT SWIR SXI SXL SYK TA TCO TEX TFX TMH TOL TREX TRGP TSN TSO TTEC TTEK TUES TUP TV TVL TYPE UBS UCBI UDOW UGA UGI UGP UHAL UL UN UNS UPRO UVV UYG VBR VCBI VDC VEA VEU VGK VHT VIG VLO VNQ VOO VPL VRX VT VTI VTV VV VVC VXUS VYM WCBO WDR WIRE WLK WNR WPC WST XLE XLP XLV XTXI YHOO YMI ZION ZMH ZQK

52-week Lows
26 new lows: .SKA BAA BTH COOL DOG DPK DRV DUG DXD EFZ EPV ERY EUO OXF PGH RSW SCHS SDOW SDS SH SPXS SPXU SRS VIXM VMW VXZ

Top Equity Blocks
@ALL, Benchmark .SPX +0.1%
5.00m GNW 9.21 -0.04 -0.4% FINRA-ADF 13:06:38
2.75m AMGN 85.25 +1.16 +1.4% FINRA-ADF 11:20:52
2.75m AMGN 85.25 +1.06 +1.3% FINRA-ADF 11:20:12
2.18m AMGN 85.25 +1.23 +1.5% FINRA-ADF 11:21:37
2.00m CLWR 3.32 -0.04 -1.2% FINRA-ADF 14:38:38
2.00m DCT 7.15 +0.03 +0.4% FINRA-ADF 14:13:55
2.00m CLWR 3.31 -0.05 -1.5% FINRA-ADF 13:32:52
2.00m GNW 9.21 -0.04 -0.4% FINRA-ADF 13:21:18
2.00m ABX 32.60 +0.03 +0.1% FINRA-ADF 13:11:42 – Out of Sequence
2.00m S 5.59 +0.03 +0.5% FINRA-ADF 12:24:54

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Category: All Indexes, 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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