Surging put volume in the first hour. 4.10 million contracts have traded across the exchanges, which compares to 2.5 million contracts of call activity. The total put-to-call ratio is therefore at an exteme of 1.6 after finishing Friday at 1.14. Including today, the total PC ratio has been greater than 1.0 in nine of the [...]
Active trading in the VIX pit as the index recaptures the 20 level into the close. VIX hit a 52-week high of 22.06 earlier today before easing into midday, but is higher again after the S&P 500 sold off in the final hour. With VIX up 2.14 to 20.92, October calls on the index are [...]
Big spread in the small cap index. The Russell is off 25.8 points to 1063.90 and an investor is apparently selling the Weekly (10/10) 1035 – 1045 put spread on the index at 7 cents, 25000X, and 8 cents, 25000X. The new position seems to be stating confidence that the index wont fall another 18.9 [...]
Noteworthy print in the NASDAQ 100 Index. With NDX off 65.6 points to 3,983.80, the Oct 3625 – 3600 put spread on the index trades at 60 cents, 41500X. The new position appears to be a seller and stating that the NASDAQ is unlikely to drop below 3625, or another 9%, through the Oct expiration.
VIX adds 1.03 points to 17.34 as the S&P 500 drops 25 and probes session lows. Trading in the options market reflects the cautious underlying tone, as 6.7 million calls and 7.8 million puts traded across the exchanges. The total put/call ratio of 1.16 is the highest since Aug 1 (on a closing basis).
Big VIX trade this morning as an investor is possibly selling 74,380 Oct 20 calls on the index at 72 cents and buying 74,380 Nov 17 – 23 call spreads for 97 cents. The Nov 17 – 23 call spread might add to positions opened two days ago for 79 cents (see 9/24 color). Also [...]
Noteworthy trade in the VIX pit, as an investor sells 120,000 Oct 22 calls on the volatility index and bought 56,000 Nov 20 calls, for even money. The Oct 22s traded at 58-60 cents today and probably cover a position opened earlier this month for 42.5 and 45 cents (see 9/12 color). VIX is up [...]
292,000 calls and 52,000 puts traded in the VIX pit, with a three-way spread driving 40% of today’s volume. One player is apparently selling 45,792 Oct 17 calls on VIX at 91 cents to buy 45,972 Nov 17 – 23 call spreads for 79 cents. If so, it might roll positions opened on 9/12 when [...]
Massive spread in CBOE VIX calls rolls position opened a month ago. Initiator paid 6cents for the Nov 20 – Oct 16 call spread (buying Novembers) 178,000x. Nov 20s open and Oct 16s appear to close a trade from Aug 19 when a trader sold the Oct 16 Jan 20 call spread in similar size [...]
Heavy trading in the VIX pit as the index drops 8.6% to 12.92 on the last day to trade Sept options. 648,000 calls and 356,000 puts traded on the “fear gauge”, with nearly half (47%) of the flow in the expiring September term. Sep 13 puts and 15 calls are the most actives. The August [...]