WhatsTrading.com Options Recap — 03/26/2013

| March 26, 2013 | 0 Comments More



Stock market averages are higher, but there’s no volume or conviction behind today’s move. Steady trading across Asia and Europe helped lift stock index futures heading into a report on Durable Goods. The headline number was better-than-expected and, although Existing Homes Sales and Consumer Confidence, fell short of expectations, the Dow Jones Industrial Average was up 80 points midday. It is now up 95 and not far from session highs. VIX is down .88 to 12.86. Trading in the options market is very light and projected to be less than 12 million on the day. , with 5.4 million calls and 4.1 million puts traded so far.

Notable Flow

SVU – Bearish activity detected in Supervalu Inc with 13111 puts trading, or 8x the recent avg daily put volume in the name. Shares near $5.0075 (-0.0425) with ATMIV lifting by 1.96 point and 86% of todays put premium trading offer side. (Trade-Alert) 13:31

CBI – Bullish flow detected in Chicago Bridge and Iron Company with 5559 calls trading, or 2x the recent avg daily call volume in the name. Shares near $58.684 (1.104) with ATMIV lifting by 1.52 point and 70% of todays call premium trading offer side. (Trade-Alert) 12:41

CHS – Bullish flow detected in Chicos FAS Inc with 4146 calls trading, or 3x the recent avg daily call volume in the name. Shares near $16.84 (-0.49) with ATMIV lifting by 2.39 point and 81% of todays call premium trading offer side. (Trade-Alert) 12:01

High options volume is being seen in DELL, NLY, LVS, IYR, EWJ, ZIOP, HK, AMRN, CIM

Daily Open Interest Update

Monday’s total option volume of 14.3 million contracts resulted in net open interest growth of 1.67 million calls and 2.32 million puts. Bank of America Corporation (BAC), Apple Inc (AAPL), Research In Motion Ltd (BBRY) and Oracle Corp (ORCL) saw the greatest growth. Top five new positions opened include 69k Bank of America Corporation (BAC) May-13 11 puts, 25k United Parcel Service (UPS) Jan-14 105 calls, 20k US Airways Group Inc (LCC) Jan-15 15 calls, 14k Bank of America Corporation (BAC) 3/28 weekly 12.5 puts and 14k Bank of America Corporation (BAC) 3/28 weekly 12 puts. (Trade-Alert)
Movers

Symbol Last Change %Change StdDevs
OPXA 2.58 +0.47 +22.3% 3.18
GMAN 12.25 -1.97 -13.9% 11.20 Post-Earnings
GTAT 2.97 +0.31 +11.7% 4.02
GMXR 2.61 -0.34 -11.5% 0.98
IBCP 7.42 +0.75 +11.2% 5.40
OMER 4.00 -0.50 -11.1% 4.20
JE 6.68 +0.59 +9.7% 4.43
MPG 2.75 +0.24 +9.6% 4.27
APP 2.30 +0.20 +9.5% 1.47
REED 4.13 -0.42 -9.2% 1.90

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Last Change
APKT 4.4% +1.9 +80.2% N/A $29.22 +0.01
IVR 8.7% -9.1 -51.1% -8.7 $22.15 +0.08
PLCE 24.2% -18.9 -43.9% -18.8 $44.78 -1.21 Post-Earnings
FMCN 8.3% -5.1 -38.2% -4.7 $26.84 +0.17 Post-Earnings
JAZZ 39.8% +9.7 +32.0% +9.1 $55.87 -0.57
NLY 11.7% -4.3 -26.9% -3.6 $16.11 +0.10
HTS 9.0% -3.2 -26.1% -3.0 $28.10 +0.07
TWO 19.3% -6.0 -23.8% -5.3 $13.91 +0.17
GCI 27.8% -7.5 -21.3% -7.4 $21.83 +0.17
ARR 43.4% -11.5 -21.0% N/A $6.38 +0.04

52-Week Highs
273 new highs: .HGX .SVO ABBV ACET ACHC ACXM AEC AFCE AGII AGN AHL AJG AKR ALKS AMGN AMSG ANGI APP ASR ATK ATLS AWH AWR AXP BA BAP BAX BCE BDN BDX BEN BMS BMY BNCL BOH BOKF BRO BRS BSET BXG CADX CAKE CBI CBL CBSH CCG CCIX CERN CFR CHCO CHFC CIM CKEC CL CLW CLX CNL COV CPA CPB CPNO CPTS CRAY CRBC CSGP CSV CUZ CVS CYH D DBV DCO DISH DKL DLPH DPS DRQ DTV DXLG ECHO EEFT EFAV EGOV EGP EIG EME ENB ENR ENS EPIQ ETH EXAM EXL FCFS FCH FET FISV FIX FLT FPO FRC FSP FTI FTK FULT GASS GEO GIL GKK GPOR HBIO HCA HCC HCN HELE HHC HOMB HRB HRL HSY IBCP ICA IDA IDT IIJI INDB INGR IRET ITC IVR IYH JEC JLL JNJ K KBH KCAP KEYW KMB KOP KR KRE LAD LAMR LBTYK LGF LHCG LL LLY LNDC LRY LSE LUV LYV MA MAC MBFI MDCO MKC MLPN MMC MMLP MMS MN MOSY MOVE MPEL MPW MR MSCC NATI NEE NEOG NGLS NKTR NNN NPBC NPO NTWK OCR OGE OHI OII OILT OLN OPEN ORB ORI OTTR OZRK PAYX PBA PCL PEB PFE PKG PKY PODD POM POST POWR PPH PSB PVTB RCI RGP RLOC RPT RST RYN SBGI SBNY SCHD SEMG SFG SGEN SHO SIGI SIX SLGN SMTC SNH SON SONC SPB SPLV SRT STE STFC STNG STRM STRZA SUI SWY SYNT SYY TBI TFX TG THC THG TLP TMH TRGP TTEC TTI TW TYL TYPE UHS UNM URE URS USMV V VDC VHT VMED VNQI VRSK VTR VZ WAG WCBO WG WM WOR WPP WRLD WSM WX XLP XLV

52-week Lows
32 new lows: .OVX .PZO AGRO AMRN AT BORN CECO CENTA CETV CPE DRV EGI FST GFI LQDT MCP MFLX MXWL OMER PWAVQ QRM REMX SHOR SRS STSI TRQ TXCC VIXM VIXY VXX VXZ ZIOP

Top Equity Blocks
2.30m EWJ 10.76 +0.06 +0.6% FINRA-ADF 12:19:19 – Average Price Trade
2.00m IYR 69.04 +0.48 +0.7% CHX (MIDWEST) 13:53:14 – Tied to Options
2.00m HCP 49.22 +0.26 +0.5% FINRA-ADF 14:49:57 – Burst
1.76m EWJ 10.75 +0.07 +0.6% CHX (MIDWEST) 14:22:22 – Tied to Options
1.50m DELL 14.55 +0.04 +0.3% FINRA-ADF 09:57:18
1.50m SAN 6.90 -0.11 -1.6% FINRA-ADF 09:53:08 – Average Price Trade
1.50m HCN 66.80 +0.60 +0.9% FINRA-ADF 14:50:09 – Burst
1.49m APKT 29.23 +0.02 +0.1% FINRA-ADF 11:31:39
1.47m AA 8.37 -0.06 -0.7% FINRA-ADF 11:55:44 – Average Price Trade
1.42m EWJ 10.74 +0.07 +0.7% FINRA-ADF 10:30:29

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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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