WhatsTrading.com Options Recap — 02/25/2013

| February 25, 2013 | 0 Comments More



Stock index futures pointed to a solid open early Monday, but the rally ran out of steam mid-morning and then steep losses were suffered in afternoon action. Most market watchers are pointing the blame on inconclusive elections in Italy, where a hung parliament is raising worries that austerity measures designed to stabilize Europe will now meet greater resistance. Treasury bonds rallied and gold gained more than $20 amid safe haven buying. Crude saw late-day weakness and dropped $1 to $92.14. The Dow Jones Industrial Average took at 217-point hit and the NASDAQ gave up 45.

Implied volatility was sharply higher across the options market. VIX, which had dropped to five-year lows of 12.31 less than a week ago, surged 4.82 points, or almost 35 percent, to 18.99. RVX, which tracks the vols of small cap stocks (Russell), was up 3.90 points to 21.11 and IV in the Dow (VXD), jumped 4.01 to 16.71. Amazingly, the ten most active options on the day were contracts on the SPDR 500 Trust (SPY). Weekly options that expire 3/1 (sequestration deadline) were the most active. Specifically, SPY Weekly 152 calls, 151 puts, and 150 puts saw the most activity of any listed options contracts Monday.

Notable Flow

AWAY – Bullish flow detected in HomeAway Inc with 7133 calls trading, or 4x the recent avg daily call volume in the name. Shares near $27.98 (-0.67) with ATMIV lifting by 3.51 point and 83% of todays call premium trading offer side. (Trade-Alert) 15:41

UBS – Bearish activity detected in UBS AG LONDON BRH with 5486 puts trading, or 12x the recent avg daily put volume in the name. Shares near $15.52 (-0.58) with ATMIV lifting by 5.39 point and 56% of todays put premium trading offer side.

S – Bullish flow detected in Sprint Nextel Corporation with 52354 calls trading, or 3x the recent avg daily call volume in the name. Shares near $5.755 (-0.065) with ATMIV lifting by 1.23 point and 68% of todays call premium trading offer side. (Trade-Alert) 14:41

High options volume is being seen in SPY, NVS, AIG, MS, SD, ZNGA, XRT, S, LOW, XLI

Daily Open Interest Update

Not available
Movers

Symbol Last Change %Change StdDevs
AFFY 2.42 -14.10 -85.4% 29.45
.BVZ 18.99 +4.82 +34.0% 5.21
.VIX 18.99 +4.82 +34.0% 5.21
GGS 2.88 -1.47 -33.8% 9.59 Post-Earnings
DVAX 2.01 -0.96 -32.3% 10.32
UVXY 12.65 +2.74 +27.6% 3.76
.VXEEM 21.86 +4.19 +23.7% 4.18
EDAP 4.09 +0.67 +19.6% 2.96
FRO 2.05 -0.46 -18.3% 5.01
ESI 15.54 -3.09 -16.6% 5.15

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
NVS 18.7% +11.2 +150.4% +7.8 $69.11 -0.09
SAN 38.4% +13.7 +55.3% +12.2 $7.33 -0.45
MAPP 2.4% -2.9 -54.3% -8.4 $24.97 +0.03
XLV 14.4% +4.5 +45.2% +2.1 $42.89 -0.50
HNZ 5.3% -3.4 -38.7% -2.1 $72.28 -0.38
WHX 85.5% +23.3 +37.5% -9.9 $5.98 -0.02
CHL 21.3% +5.8 +37.1% +6.5 $54.92 -0.61
TOT 23.7% +6.1 +34.6% +4.5 $49.27 -1.20
SPXU 49.8% +12.4 +33.1% +9.5 $32.58 +1.72
NYX 19.3% +4.8 +32.8% +4.8 $36.48 -1.00

52-Week Highs
189 new highs: .BPX .DJX .HGX AAT ACCL AEP AFG AIV ALGT ALK AMGN ANSS AON ARII ASR ATLS ATNI ATO ATVI AWAY AWK AXP BBH BCPC BGFV BKH BKU BMR BMTI BNS BRK/B BRO CAG CAMP CAP CAR CCG CDNS CHD CL CLDX CLX CMS CNMD COG COR CSE CSGP CSII CSU CSV CTB CTRX CUTR D DDM DIA DOV DTE DTN DXCM DXLG EA ECOL EDAP EFC EFII ELS ERII ESC ETE FET FFCH FMX FRGI FSCI FULT FURX GASS GBCI GILD GIS GK GRFS HBIO HCN HCP HDV HF HPP HRL HSH HSY HTZ HWAY ICGE IMKTA INAP INDB INWK IP IYJ JEF KEYW KIE KMB KRG KSU LGF LLY LNT LXP MAPP MBFI MDU MINI MPW MSI MTZ NEE NI NU NVE OFG OHI OKSB OPK OTTR PBF PCYC PEP PFMT PGI PGR PIE PKG PKY PMTI PNNT PNW POM POR PPL PSB RCI RDN RJET RKT ROP RPAI SCHD SCS SEIC SIGI SKYW SPLV SPNC SPW SQI SRE STT STZ SUTR SYMC SYY TAP TCAP TECUA TG THG TLLP TRN TXN TXRH TYL UAL UBA UDOW UNS VCBI VDC VTR VVC VYM WAGE WRB XL XLP YCS

52-week Lows
55 new lows: .GBP .XDB ACFN AFFY AGRO AMX ANV APA APOL CEDC CHGS CKH CLF CLSN CLUB COOL COW CTRN DOG DVAX DXD ELNK END ETRM FIO FRO FXB FXEN FXY GGS GMXR GRMN GRZ IMN KWK NOR OPTT OSUR OXF PBR PER PGH PLUG PQ PWE RENN SBLK SCHSQ SDOW SDR SIGM VIXM VXZ WIFI WILN

Top Equity Blocks
6.34m WMB 33.57 -0.87 -2.5% FINRA-ADF 16:17:03
5.80m EFA 57.98 -1.40 -2.4% FINRA-ADF 16:06:10 – Pre/Post Market Trade
5.01m SPY 151.81 -2.89 -1.9% FINRA-ADF 16:01:53 – Average Price Trade
4.31m LMT 87.88 -0.24 -0.3% FINRA-ADF 16:15:35
4.08m PPL 30.35 -0.44 -1.4% FINRA-ADF 16:16:36
3.78m BAC 11.03 -0.41 -3.6% NYSE 16:01:36
3.58m EEM 42.77 -0.58 -1.3% FINRA-ADF 16:03:02 – Average Price Trade
3.53m NEE 72.19 -0.56 -0.8% FINRA-ADF 16:16:05
3.47m MSFT 27.37 -0.39 -1.4% NASDAQ 16:00:00
3.37m PEG 31.97 -0.19 -0.6% FINRA-ADF 16:16:16

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Category: 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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