SPDR Financials with a big print. Shares are up 7 cents to $22.76 and a 31,100-lot of Sep 23 calls on XLF trades at 18 cents electronically on CBOE when the market was 18 to 19 cents. Like the block of Sep calls on the Dow Jones Industrials ETF (see DIA color), it appears to [...]
Big print in the Dow Jones DIAMONDS. The ETF is up 47 cents to $167.27 and a 21,285-lot of Sep 170 calls trades on the fund at 62 cents on CBOE when the market was 62 to 63 cents. The block will create the largest open interest position in options on the Dow Jones Industrials [...]
iShares Silver Fund sees a big trade. With shares up a nickel to $19.09, the Jan 22 – 30 call spread on the ETF is bought for 26 cents, 50000X. Open interest is sufficient to cover in both strikes and today’s spread might roll a position to the Jan 22s, from Jan 30s that were [...]
Interesting spread in XLF. With shares flat at $22.40, an investor is apparently selling Weekly (8/29) 22 puts on the ETF and buying the Weekly (8/29) 22.5 – 30 call spread, for even money on the three-way, 44000X. The new position seems to be expressing the view that shares will drift up to $23 (+2.7%) [...]
iShares Silver Fund sees increase call activity. With shares up 4 cents to $19.27, a 15,000-lot of Dec 20 calls on the ETF is bought for 67 cents per contract. Aug 20.5, Aug 19.5, and Oct 21.5 calls are the next most actives in SLV. 28,000 calls and 2,000 puts traded in the product so [...]
13,300 Weekly (9/26) 96.5 calls on the Qs are swept for $1.51 across multiple exchanges. The market was $1.46 to $1.51. It’s opening. VXN, the VIX for the Nasdaq 100 (NDX), is down 1.13 to 15.89, as the QQQ climbs .6% to $95.50.
SPY Dec puts see big prints, likely closing activity. With the ETF up 92 cents to $191.95, a 75000-lot of Dec 155s trades at 91 cents. It was sold and probaby covers from last week when more than 90,000 traded, including a buyer of 70,000 for 64 cents per contract (see 7/31 color). Separately, a [...]
Noteworthy ratio spread in the Qs. With shares down 9 cents to $94.43, it looks like 30,000 Weekly *8/29* 96 calls were bought and 40,000 Weekly *8/29* 98 calls sold at 19 cents. If opening, the 3X4 is targeting a move up to 98 through month end. Separately, a Sep 94.63 straddle on QQQ was [...]
Market Oil Service ETF sees options action. With shares down 34 cents to $53.08, a 5,600-lot of Oct 50 puts trades on the ETF for $1.05 when the bid-ask was 90 cents to $1.00. 10,600 now traded at that strike. Bears were circling OIH earlier this week as well (see 8/5 color).
Active trading in the Market Vectors Russia Fund. Shares are up 8 cents to $23.13 but near multi-month lows after a one-month 15% slide. Trading remains active with 6.1 million RSX shares traded so far. 21,000 puts and 8,300 calls also changed hands. Early trades included an Aug 23 – Sep 22 put spread for [...]