Bullish traders are sizing up the Qs. The ETF is down another 14 cents to $84.81 and QQQ Apr 90s have seen a flurry of activity Wednesday. 213,180 contracts have changed hands against 4,217 in open interest. The flow includes a sweep 27700 contracts for 65 cents. Sentiment data from ISEE is reporting an openig [...]
Powershares Bullish Dollar ETF sees increased call activity. Shares are up 3 cents to $21.78 and a 10000-lot of Feb 22 calls trades on the fund for 7 cents per contract. 12,115 contracts have now changed hands and today appears to be repeat buying. Open interest increased by 9,938 to 31,676 in the wake of [...]
Volatility play on the Taiwan ETF. Shares are up 21 cents to $13.41 and the investor is opening a Mar 13 – 14 strangle on EWT for 37 cents, 11700X. The flow will create some of the largest blocks of open interest in the product and seems to be expressing the view that Taiwan’s equity [...]
Big prints in the small cap fund. IWM is up 90 cents to $109.60 and the investor sold 10,000 Apr 109 puts on the ETF at $4.14 to buy the Apr 92 – 105 put spread for $2.04, 20000X. The three-way spread might roll a position in near-the-money Apr puts to a position in the [...]
Calls on the Gold ETF remain actively traded. GLD i sup $1.53 to $121.61 after gold gained $20 to $1260. Recent options trades on the exchange-traded fund include a sweep of 21,211 Dec 130 calls for $4.90. Looks like a repeat of Friday when the same calls were being bought for $4.30 (see 1/31 color).
Repeat put spread activity in SPDR Financials. Shares are down 31 cents to $20.74 and the investor bought the Apr 18 – 20 ps on the ETF for 32 cents, 47000X. The same spread was bought for 26 cents, 100000X, last Tuesday and for 21 cents, 105000X on Monday (see 1/27 and 1/28 color). April [...]
Midcap400 ETF option volume spikes on large 4way trade. As shares traded near $237.71 this morning a trader sold the Feb 215-235 put spread for 2.50 and also sold the 215-240 put spread for 4.35, trading 13700 of each spread and crossing the entire package on NYSE-ARCA. Total volume of 56K puts (vs 2100 calls) [...]
The Gold ETF sees a big premium purchase. GLD is up 8 cents to $119.84 and a 20400-lot of Dec 130 calls trades on the fund for $4.30 when the market was $4.20 to $4.30. It appears to be an opening buyer and maybe somebody taking a position on the view 2014 will be a [...]
Call buyer bets on the buck. The Bullish Dollar ETF is up 3 cents and it looks like a 20000-lot of Feb 22 calls is bought on UUP for 7 cents per contract, to open.
Big Print in the Small Cap fund. IWM is off 60 cents to $112.50 and the investor sold the Mar 105 – 113 (2X1) put ratio spread on the ETF at $1 even, 100000X. It might close and exit a position accumulated at various times this month, including 50000 of the same 1X2s on 1/16 [...]