IWM Nov 102 – 105 put spread for 43 cents, 40000X on CBOE. With shares down 88 cents to $109.65, looks like a buyer and maybe to hedge the risk of short-term weakness in the small caps. Nov options expire in 30 days. The 105-strike on IWM is 4.2% out-of-the-money.
iShares Emerging Markets Fund Dec 42.5 – 45 call spread is sold at 42 cents, 42000X. Looks like a closer and covering positions opened last week, which included notable buying interest for 65 and 66 cents on 10/14. EEM is down 8 cents to $40.93 today and has lost 1% since that time. Liquidating of [...]
Closing activity in the SPDR Regional Banking ETF. With shares up 31 cents to $38, a 30000-lot of Nov 32 puts on KRE is sold at 7 cents per contract. It probably covers from 10/9 when 37000 were bought-to-open for 25 cents – likely a short-term hedge against a portfolio of banking names.
Interest picks up in the PowerShares Bullish Dollar ETF. With shares adding 8 cents to $22.78, 10000 Dec 23 calls on UUP were apparently bought for 18.5 cents. While open interest is sufficient to cover, the buying appears to repeat from last week when the same calls were trading for 21 cents on 10/14. UUP [...]
SPY Nov 171 – 181 put spread. With shares up 54 cents to $194.61, it looks like a buyer paid 48 cents, 20833X on CBOE and 47 cents, 20833X on ARCA. The Nov 181s might close and so the action is possibly an adjustment to an open position. More than 41K now traded in both [...]
Big spread in the Brazil Fund. With shares up 37 cents to $42.06, the Nov – Jan 50 call spread on the ETF is bought for 37 cents, 27000X. It might roll a block of calls out to Jan from Nov and seems to be expressing the view that shares will hold below $50 over [...]
Powershares DB Ag Fund draws increased call activity. With shares up 2 cents to $25.89, the flow has been mostly smaller lots of Jan 26 calls swept across multiple exchanges for prices ranging from 70 to 80 cents. Data from the ISE indicates opening customer buyers. 15,867 traded at that strike against 1,657 in open [...]
150000 Nov 105 calls on the Qs trade for 2 cents when the bid-ask was 1 to 2 cents. It opens a new position. Shares are up $1.33 to $95.72 and the contract is 9.7% out-of-the-money, expiring in 31 days. Similar activity in SPY Nov 110 calls for 2 cents, 150000X, when the bid-ask was [...]
Big prints in the SPYders as an investor is getting upside market exposure with options on the ETF. With shares up 1% to $192.15, the Dec 206 – 211 call spread on SPY is bought for 15 cents, 133000X, to open. The new position offers a max payout of $4.85, if shares rally to $211 [...]
SPDR Industrial ETF Dec 48 – 54 risk-reversal trades for 40 cents, 50000X. The investor is selling calls, buying puts, and opening a new position. If so, the interest seems to expressing concerns that the recent rebound in the sector will be short-lived. XLI saw a two-day 2.7% spike prior to today, but is down [...]