Oracle Corp (ORCL) $32.19 -1.38%
Shares of Oracle are off about 1.3% to $32.20 and are basically flat for the past 4 months. Concerns seem to be that cloud will siphon away need for massive on sire custom software data management. Today’s option activity see’s a continued decline in IV towards the 25% level from 32% for two month options [...]
Sprint Nextel Corporation (S) $5.24 +0.98%
Sprint shares are up 6 to $5.25 and option volume is 2x the daily average at this point. Most active strike is the August $5 in which 19,000 bock, now total of 29,000 have traded. Open interest in the strike is just 15,000 and the big block looks like an open sale at the 15c [...]
Chevron Corporation (CVX) $107.60 +1.29%
shares are up $1.15 an notable trade is the purchase as the Sep. $115/$120 call spread trades 5,000x at 63c net debit in what looks like opening purchase
Visa Inc (V) $86.73 +15.21%
Visa and Mastcard (MA) surge following a memo from the Fed that suggests raising and capping swip fees to 21c… from a feared 16c cap.. with some other variables. Option volume is in both names has spiked to 5x the daily average with about 6 calls for rading for every put
AbitibiBowater Inc (ABH) $19.96 -2.20%
Abitibibowater, Montreal based paper goods products company, shares are off 3% to a new low of $19.70 and option volume is 9x the daily average being driven by volume in the January $20 puts in which two large blocks, 1,500 and 1,000 contracts, trade at the $2.30 asking price. Open interest is sufficient to cover [...]
Advanced Micro Devices Inc (AMD) $7.80 +0.06%
Shares are up flat at $7.80 but have slipped some 11% in the past six trading sessions. Notable transaction today involves the October $7/10 risk reversal which traded 7,500x for a 26c net credit (puts sold, calls bought) in what looks like a new bullish position.
CA Inc (CA) $22.49 +0.09%
CA Inc, a software company, shares are flat at $22.47 and sitting right at support. Notable trade occurs in the August $22 puts and $23 calls as each saw 4,500 block (now total of 7,700 and 8,300 contracts respectively) in what looks like an opening purchase of the straddle for a $1.75 net debit. This [...]
Focus Media Holding Ltd (FMCN) $29.04 +1.40%
Focus Media shares are bouncing back a bit, up some 30c to $29, after tumbling over 5% yesterday on general weakness in China issues. Notable option volume on the put side again today as the July $25 strike has traded a total of 7,200 contracts with 95% of volume occurring at the bid price between [...]
Armstrong World Industries Inc (AWI) $45.15 -1.96%
Shares of Armstrong World Industries, a construction and material company, are off 90c to $45.15 and option volume is 50x the daily average being driven by a purchase of the August $40/$35 put spread for a $1 net debit. This looks like an opening purchase and could be protective as shares of home building issues [...]
EMC Corp (EMC) $27.43 -1.79%
Shares of EMC are off 40c to $27.50 and option volume is 3x the daily average being driven by big prints in Leaps as the Jan12 puts at the $25 strike saw a block of 21,000 at $1.35 (now total 30,000) traded in combination with the Jan 2013 calls at the $35 strike as 13,700 [...]
