Two notable three-way spreads in the VIX pit this morning. The index is up 2 points to 15.74 and has now rallied 3.62 points in the past three days. In early options action Monday, 20K Aug 14 puts on VIX trade at 50c along with 20K Sep 17 – 25 call spreads for $1. Separately, [...]
Big spread in the Small Cap Index 7/31 Weeklys. The index is down 16.90 to 1218.80 amid broad weakness across US equities and the Weekly 1145 – 1165 put spread on the Russell trades at 17c, 7500X. The spread has traded 33000X today and seems to be expressing confidence that the index won’t drop 4.4% [...]
Notable spread in the SPX pit. With the index down 6.5 points to 2112.73, a Sep 1700-1800-1900 put fly on the S&P 500 is bought for $1.80, 9000X. If opening, the position is probably designed to hedge a stock portfolio. The max payout from this butterfly spread happens if the index loses 14.8% to 1800 [...]
CBOE VIX Option volume surpasses 2M contracts for 2nd busiest day in history. More than 2.1 million VIX options traded today as the index shed nearly 3 points and SPX saw a strong rally back near 2100 on optimism regarding Greek debt. The supersized roll of 100K Aug 17-23 1×2 into the Sep 16-22 1×2 [...]
Active trading in the VIX pit as the index is crushed for a second day. VIX is down 2.2 points to 14.63 and has shed 27% since Thursday; on track for its biggest two-day drop since October 2014. The top options trade on the index so far is a Jul 17 – 23 call spread [...]
VIX Option night session recap for July 10, 2015. 41 trades were executed in VIX overnight, totaling 2231 contracts. 11.5% of the volume was marked spread.
SPX Option night session recap for July 10, 2015. 221 trades were executed in SPX overnight, totaling 1877 contracts. 9.7% of the volume was marked spread.
Big print in the Russell 2000 Small Cap Index as stocks sell-off into midday Wednesday. The index is off 17.4 points to 1221.40 and the Weekly 1165 – 1185 put spread on Russell is apparently sold at 9c, 15000X. The spread has traded 34500X and the new position seems to be expressing confidence that small [...]
VIX has erased early gains and is now down .20 to 16.59. Recent trades on the index include a Jan 18 – 25, 1X3, call spread for 5c, 20000X. It might be liquidating a position noted Friday that was opened ahead of the Greek austerity vote. The early reaction in the equities market was modest [...]
Weekly 1900 puts are the most actives in the S&P 500 Index pit this morning. 14.7K traded, including 3K for 15c when the bid-ask was 10 to 15c. It’s opening. With the index trimming its loss to less than four points, to 2073, the Weekly 1900-strike put is 8.3% out-of-the-money and expiring on 7/10.