WhatsTrading.com Options Recap — 03/13/2013

| March 13, 2013 | 0 Comments More



Stock market averages are sporting modest gains on retail sales numbers, but there’s no conviction behind the move. Data released before the opening bell showed Retail Sales up 1.1 percent last month and .6 percent more than expected. After seesaw action through mid-morning, the Dow and NASDAQ were sporting modest gains midday and then trading turned flat once again. Hong Kong was down 1.5 percent and Shanghai gave up 1 percent overnight on concerns officials will begin taking steps to curve property prices and inflation. European markets are also lower. Back at home, it seems that the path of least resistance for the final 90 minutes is also to the downside, but market breadth remains positive. 335 S&P stocks are higher and 165 are lower, and the S&P is up 2.8 points.

Overall options volumes are very light today and VIX is down .16 to 12.11. Projected volume is just 12.4 million contracts and well below the average daily volume of 15.5 million. 5.2 million calls and 4.2 million puts traded across the exchanges so far. EMC and VM Ware (VMW) options are actively traded today. The companies are hosting an Institutional Investor Forum Wednesday. MEMC (WFR) is taking a hit on guidance and some investors are liquidating positions in 5 calls on the silicon wafer company. Walgreen (WAG) is up on an analyst upgrade and April calls on the stock are busy today. Butterfly spreads are trading in Noble Energy (NBL) and a straddle was sold on Electronic Arts (EA).

Notable Flow

RIO – Bearish activity detected in Rio Tinto Plc with 3180 puts trading, or 3x the recent avg daily put volume in the name. Shares near $50.2 (-1.2) with ATMIV lifting by 1.10 point and 53% of todays put premium trading offer side. (Trade-Alert) 12:11

MDRX – Bullish flow detected in Allscripts Healthcare Solutions Inc with 2549 calls trading, or 3x the recent avg daily call volume in the name. Shares near $13.3 (0.68) with ATMIV lifting by 1.20 point and 73% of todays call premium trading offer side. (Trade-Alert) 12:01

BSX – Bearish activity detected in Boston Scientific Corp with 3010 puts trading, or 5x the recent avg daily put volume in the name. Shares near $7.51 (-0.08) with ATMIV lifting by 2.60 point and 82% of todays put premium trading offer side. Auto Content (Trade-Alert) 11:51
High options volume is being seen in EMC, VMW, WAG, WFR, EBAY, EA, GT, NBL, STP, VHC

Daily Open Interest Update

Tuesday’s total option volume of 16.5 million contracts resulted in net open interest growth of 1.24 million calls and 1.96 million puts. News Corp New (NWSA), Bank of America Corporation (BAC), Sprint Nextel Corporation (S) and Apple Inc (AAPL) saw the greatest growth. Top five new positions opened include 40k News Corp New (NWSA) Jul-13 32 calls, 29k Sony Corporation (SNE) Jan-14 13 puts, 20k Sprint Nextel Corporation (S) Aug-13 6 calls, 20k News Corp New (NWSA) Jul-13 30 calls and 17k J C Penney Company Inc (JCP) Aug-13 17 calls. (Trade-Alert)
Movers

Symbol Last Change %Change StdDevs
SPPI 7.81 -4.62 -37.1% 19.24
SURG 3.59 -1.48 -29.1% 23.81 Post-Earnings
VELT 2.31 -0.80 -25.7% 5.79 Post-Earnings
OSGIQ 2.48 +0.32 +14.8% 2.04
CZR 16.12 +1.78 +12.4% 3.59
WFR 4.76 -0.67 -12.3% 2.95
ASMI 35.93 -4.39 -10.9% 7.61
NFP 22.22 +2.17 +10.8% 5.67
NTWK 10.44 -1.26 -10.8% 2.45
NAVB 3.08 -0.34 -9.8% 3.53

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
SPPI 65.5% +26.1 +66.3% -9.0 $7.79 -4.63
AMX 30.7% +10.1 +49.1% +10.5 $19.41 -1.15
EXPR 36.6% -28.9 -44.1% -7.2 $17.49 -1.36 Post-Earnings
ARCC 14.6% +4.5 +44.0% N/A $18.10 +0.02
HTS 7.1% -4.8 -40.4% -2.6 $27.54 +0.16
GDI 4.0% +0.9 +28.1% +1.1 $74.77 +0.00
MMR 10.7% +2.3 +27.9% +2.7 $16.17 +0.06
BRE 24.1% +5.1 +27.1% N/A $48.39 +0.18
TWO 20.3% +4.2 +26.4% +8.8 $13.51 +0.09
DOLE 37.1% -11.7 -24.0% +4.0 $10.64 -1.09 Post-Earnings

52-Week Highs
348 new highs: .HGX .SVO AAMRQ AAON AAT ABAX ABC ACGL ACHC ACM ACT ADP ADT AEL AER AET AFCE AFG AGO AHL AIZ AJG ALE ALGT ALK ALL ALTE AMG AMP AMRI AMTD APOG ASBC ATK AVY AWH AXLL AZZ BA BBCN BBH BCEI BDX BEAV BEN BIOS BK BKH BLK BMR BMS BMY BOKF BRKR BX CAB CAG CAR CATY CAVM CBD CBK CBRL CCIX CELG CFN CFX CHSP CHTR CKP CLC CLDT CNO COL CONN COV CR CRAY CRBC CREE CRL CSII CVA CVD CVH CVS CX CYN CYT CZR CZZ DBV DCO DEI DFS DIA DST DTLK DTN DVY ECL ECOL EFII EIX ENH ENS ERJ ETFC ETH FAA FBT FOR FTC FXD GB GBCI GCI GGG GLT GNMK GPC GPOR GPRE GRA GRFS GTLS HBI HCC HDV HES HII HIW HMA HOG HON HRB HRL HSH HTZ HUB/B HUBG HVT HW IAI IBM ICFI IFF IHF IILG IJH IJK IJR IJS IJT IMMR IPG IRC IRWD ISCA ISIS IVV IWB IWF IWM IWN IWO IWP IWR IWS IWV IYH IYJ IYT JBHT JBLU JCI JCOM K KELYA KIE KKR KMX KR KRE KW LAD LAMR LCC LECO LGF LII LM LMOS LNKD LNT LUV LUX LYB M MAIN MAN MAT MCC MCK MDY MERU MET MFA MIDU MKC MOD MON MOVE MRH MTU MU MVV MWV MYL NFP NM NPO NRF NRG NTI NVE NWL OFC OMC OME OTTR OZRK PDCE PDP PENN PETS PFG PGR PLT POL PRE PTEN PUK PZZA QQEW R RBC RE REXX RJET RJF RLJ RPT RRC RSP RUSHA RWL SAA SCHA SCHB SCHD SCHG SCHM SCHX SDY SEE SEIC SEP SGEN SHW SIX SKYW SLG SMFG SMLP SNDK SNHY SNTS SPLV SPXL SPY SQI SRCL SSO STNG STT SUSP SUSQ SWFT SXE TAP TCB TDY TFX TGI THC TMK TNA TRI TRIP TRV TSRA TSRX TTEC TWO UHS UMDD UNM UPRO UPS URTY UTHR UTX UVV UWM UXI VB VBK VBR VCLK VCR VHS VHT VIAB VIG VIS VO VOE VOO VOT VRTU VTI VV VVC VVTV VXF WAG WDC WGL WGO WPC WRB WST XL XLP XLV XLY XRT

52-week Lows
27 new lows: .OVX .PZO AMX CLF DEER DOG FSA MCOX MELA MIDZ NBG SDOW SDS SH SHOR SIJ SMDD SOXS SPPI SPXS SPXU SRTY TWM TZA USU VELT WTW

Top Equity Blocks
17.2m CX 12.03 -0.14 -1.1% FINRA-ADF 11:39:03 – Average Price Trade
3.83m CX 12.03 -0.14 -1.1% FINRA-ADF 11:39:28 – Average Price Trade
3.00m RSX 28.77 -0.25 -0.9% FINRA-ADF 10:41:55 – Derivatively Priced
2.88m GXP 22.50 -0.09 -0.4% FINRA-ADF 12:05:08 – Burst
2.00m S 5.91 -0.01 -0.2% FINRA-ADF 11:51:41
1.95m PCXCQ 0.10 -0.01 -7.0% 14:25:46
1.92m CX 12.03 -0.14 -1.1% FINRA-ADF 11:39:41 – Average Price Trade
1.92m CX 12.03 -0.13 -1.1% FINRA-ADF 11:39:36 – Average Price Trade
1.53m CX 12.03 -0.15 -1.3% FINRA-ADF 11:40:38 – Average Price Trade
1.53m CX 12.03 -0.14 -1.1% FINRA-ADF 11:39:46 – Average Price Trade

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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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