Large cross-product put spread pits S&P500 vs Russell 2000. Customer bought 50,000 SPY Nov 185 puts for $1.38 against a sale of 50,000 IWM sept 30th 110 puts at .28 on the PHLX this morning. IWM appears to close a position opened on 9/10 when a buyer paid 53c 37500x as IWM traded near $115, [...]
Emerging Markets option volume on track for record 1.35M contracts on overseas concerns. Implied volatility lifting to 5 month high near 20% and several large blocks have traded, including a spread in which a trader sold 13K Oct 42 puts for .97 to buy 27,700 Oct 39 Puts .19 on NYSE-ARCA. Outright trades include a [...]
iShares Japan Fund Weekly (10/3) – Weekly (9/26) 12 call spread is bought for a nickel, 10000X. With shares up 11 cents to $11.93, the activity appears to roll a block of calls out an additional week and reflecting the view EWJ will be trading north of $12 (12.06 is the breakeven) by the end [...]
Weekly (10/10) 22 put on the Russia ETF traded 55,700 contracts this morning against 272 in open interest. The largest trade is a 5000-lot at 15 cents when the bid-ask was 15 to 20 cents. The flow is similar to the action seen in the Weekly (9/26) 22.5 puts, which were being sold to open [...]
Short-term SPY puts see flow right out of the gate Friday after yesterday’s market slide. More than 10,000 of the Sep Quarterly 191 puts, Sep Quarterly 192 puts and Oct 186 puts traded in the opening minutes. Weekly (9/26) 196, Oct 196.5, Weekly (9/26) 197, Weekly (9/26) 196.5, and Weekly (10/10) 190 puts are also [...]
iShares Emerging Markets Fund Oct 42 – 43 put spread is sold at 50 cents, 42000X. EEM is down 98 cents to $42.19 and the spread probably closes a position opened for 20 cents earlier this month (see 9/10 color). The ETF has has shed 5% since that time and, by liquidating the spread (rather [...]
Premium buyers driving heavy volume in silver ETF options. 52wk low for SLV and a customer paid 1.13 for 7000 Jan 16/18 strangles on NYSE Arca (pcoast) this afternoon. Earlier flow we dominated by sgort term.10/3 16.5 put buyers paying 21cents, 10k traded, looks opening.
Market Vectors Russia Fund draws call buying. The ETF is up 46 cents to $23.90 and, just after the opening bell, 5,000 RSX Jan 25s traded for 85 cents across multiple exchanges. Later, another 7,000 traded for 90 cents. Volume at that strike now 14,581 against 16,459 in open interest and data from ISE is [...]
GLD Weekly (9/26) – Sep QTRLY 115 put spread is bought for 13 cents, 15275X. With shares down 51 cents to $117.09, the spread appears to roll a block of long puts out to the Sep Quarterlys from the 9/26 Weeklys, for an additional four days of downside exposure.
Massive spread trade drives heavy put volume in energy ETF. 106K puts hit the tape at 10:30 as a trader sold the Oct 91 – Nov 84 put spread at 1.02 28,000x and also sold the Nov 84-92 put spread at 2.40 25,000x. Appears to roll to smaller long put positions opened earlier this month [...]