WhatsTrading.com Options Recap — 06/20/2013

| June 20, 2013 | 0 Comments More



Volatility continues. After rallying 248 points Monday and Tuesday, the Dow dropped 206 points Wednesday on the more hawkish stance from the Fed and is down 289 points today amid a rout across global financial markets. Asia’s markets suffered losses overnight and Europe followed with big losses as well. Crude dropped $3, gold plummeted over $80, and the yield on the ten-year Treasury is notching 52-week highs north of 2.4 percent. Bloodshed everywhere and risk perceptions are climbing higher still. CBOE Volatility Index (.VIX) is up 3.18 points to 19.82 and 2013 highs. Options volume is on pace to top 29 million contracts and ranks in the top 10 busiest days for the options market (if so, I’ll mention it tomorrow morning on CBOE TV Pre-Market Pulse).

Notable Flow

ENDP – Bullish flow detected in Endo Health Solutions Inc with 5167 calls trading, or 5x the recent avg daily call volume in the name. Shares near $37.635 (-0.885) with ATMIV lifting by 8.62 point and 60% of todays call premium trading offer side. (Trade Alert LLC) 14:41

XLNX – Bearish activity detected in Xilinx Inc with 8559 puts trading, or 3x the recent avg daily put volume in the name. Shares near $38.855 (-0.905) with ATMIV lifting by 2.93 point and 86% of todays put premium trading offer side. (Trade Alert LLC) 13:31

IGT – Bullish flow detected in International Game Technology with 4030 calls trading, or 3x the recent avg daily call volume in the name. Shares near $16.525 (-0.435) with ATMIV lifting by 2.69 point and 85% of todays call premium trading offer side. (Trade Alert LLC) 12:41

High options volume is being seen in SPY, EEM, GLD, SLV, IYR, TLT, FXI, GDX, XLB, EWZ

Daily Open Interest Update

Wednesday’s total option volume of 19.3 million contracts resulted in net open interest growth of 932k calls and 948k puts. Pfizer Inc (PFE), Micron Technology Inc (MU), Research In Motion Ltd (BBRY) and Zoetis Inc (ZTS) saw the greatest growth. Top five new positions opened include 293k Pfizer Inc (PFE) Jul-13 35 calls, 283k Pfizer Inc (PFE) Jul-13 35 puts, 50k Sprint Nextel Corporation (S) 7/5 weekly 7.5 calls, 37k Avon Products Inc (AVP) Jul-13 22 calls and 26k Alcatel Lucent (ALU) Jul-13 2 calls. (Trade Alert LLC)


Movers

Symbol Price Change %Change StdDevs
EBIX 10.82 -8.90 -45.1% 157.81
.GVZ 29.59 +7.06 +31.3% 6.70
.VXEEM 34.23 +7.73 +29.2% 5.39
NUGT 6.13 -1.91 -23.8% 3.13
DUST 128.57 +24.23 +23.2% 2.99
UVXY 83.64 +15.16 +22.1% 3.70
.BVZ 20.23 +3.59 +21.6% 3.63
.VXEWZ 39.78 +5.93 +17.5% 3.70
DQ 7.88 -1.56 -16.5% 2.38
ZSL 102.19 +13.94 +15.8% 5.01

Shakers (Implied volatility Movers)

Symbol IV[30d] IVChg IVChg% SkewAdjChg Price Change
EBIX 103.6% +88.8 +598.9% N/A $10.78 -8.94
BMC 12.1% +6.6 +118.6% N/A $44.62 -0.51
IAU 26.1% +6.9 +36.2% +2.1 $12.44 -0.69
ZSL 85.3% +21.2 +33.1% N/A $102.20 +13.95
GLD/10 26.4% +6.5 +32.7% +3.2 $123.75 -6.83
GLD 26.4% +6.5 +32.7% +3.2 $123.75 -6.83
MTU 39.6% -18.6 -32.0% -17.1 $5.84 -0.27
SLV 41.7% +10.1 +32.0% +5.2 $19.04 -1.56
PFF 14.4% +3.4 +30.8% +2.1 $38.71 -0.63
CMO 37.8% +8.9 +30.7% +6.4 $12.11 -0.33

52-Week Highs
48 new highs: .AUX .BRB .NZD .VXEEM .VXEWZ ASYS AVG BHE BLOX BZQ CBF CLWR CME CROC DUST DWSN EVTC FCSC FWM GBCI GLL GME IMKTA IMPV IPCM LEE LGND MFC MKTG MPAA PBCT PST RYAAY SBGI SBNY SCHW SFG SMRT TBF TBT TECUA TMV TTT TYO WAGE WMGI YRCW ZSL

52-week Lows
237 new lows: .AUM .NDO AAU ABV ABX ACC ACH ACI ACRE AEM AGG AGNC AGQ AGRO AHH AKG AMTG ANV ARE ARPI ASA ASTM AT AU AUQ AUY AVL AXU BAA BBD BBL BHP BKF BLT BLV BND BONA BOTA BPY BPZ BRF BSAC BSBR BTU BVN BWX BZF CDE CDZI CEO CHL CIG CIU CLI CONE CPE CPL CRNT CU CYTX DBA DBB DBP DBS DEM DGL DGRW DJP DLR DMB DSL EBIX EBR EC ECH EDC EDIV EDR EEB EEM EET EGO ELD EMB EMLC ENI EOC EPI EPU EQR EWY EWZ EXK EZA FE FNV FORX FRT FSG FST FXA GCC GDX GDXJ GFI GG GGB GLD GLD/10 GLDI GLDX GOL GOLD GROW GSM GSS GWAY GXG HBM HCP HL HMY HXM HYD IAG IAU IEF IEI IEMG IFN ILF INDL IVAN JJC JO KOL LBJ LFC LFL LIT LPR LQD LTPZ MBB MCF MEET MELA MITT MTGE MUB MVG NAT NBG NEM NG NGD NLY NUGT OIBR OKS OSUR OXGN PAAS PAL PBF PBR PBR/A PCY PEIX PIN PKX PLTM PPS PTIE PTM PTR PZA PZE RBY REM REMX RGLD RIO RIOM RSX RUSL RVM SBS SBY SCCO SCHE SCIF SGOL SHY SIL SIVR SLT SLV SLW SLX SMS SQM STO SVM SWSH TCK TEU TFI TGA THM TI TIP TLH TLT TMF TTCMY TWI TXCC TYD UBT UGL USM UST VALE VALE/P VCIT VCLT VGZ VWO WHX WIN WMC XME YZC ZNH ZROZ ZTS

Top Equity Blocks
5.40m PFE 28.83 -0.24 -0.8% CHX (MIDWEST) 11:58:41 – Tied to Options
4.97m S 7.00 FINRA-ADF 12:29:00 – Average Price Trade
2.34m KWK 1.62 -0.20 -11.0% FINRA-ADF 13:30:16 – Burst
2.00m KGC 5.00 -0.51 -9.3% FINRA-ADF 11:34:39
1.99m EWS 12.61 -0.51 -3.9% FINRA-ADF 13:56:28 – Burst
1.72m EWS 12.61 -0.51 -3.9% FINRA-ADF 13:56:32 – Burst
1.58m IAU 12.48 -0.66 -5.0% FINRA-ADF 14:00:31 – Out of Sequence
1.58m IAU 12.48 -0.65 -5.0% FINRA-ADF 13:52:48 – Burst
1.58m BSX 9.35 -0.05 -0.5% FINRA-ADF 14:15:07 – Burst
1.50m FXI 32.79 -0.84 -2.5% CHX (MIDWEST) 12:20:59 – Tied to Options

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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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