Relative strength and increased call activity in Target. The stock is up 60 cents to $66.32 and Nov 67 calls on the retailer have traded 2,444 contracts vs. 129 in open interest. Another 1,335 Weekly (11/14) 67 calls traded vs. 0 open interest. The company reports earnings on 11/19 and saw a two-day spike Friday-Monday [...]
Higher put volume in Hertz. The stock is up 34 cents to $22.35 after the company announced yesterday that it would delay its earnings release (which was expected yesterday). The stock has seen little reaction to the news and, in the options market, one player bought the Nov – Dec 21 put spread on the [...]
Second day of active shopping for Walmart call options. The stock is up $1.13 to $79.90 and the best gainer in the Dow today ahead of earnings, due Thursday morning. 53,000 calls traded on the retailer Friday on unconfirmed chatter activists are pushing Walmart to spin off Sams Club (see 11/7 color). In the options [...]
Cisco Nov 24 puts see interest for a second day. One player apparently bought-to-open 20,700 contracts for 26 cents yesterday morning. 26,800 traded total and open interest increased by more than 23K. Shares are off 3 cents to $25.23 this morning and 4,700 of the same puts were swept across multiple exchanges for 22 cents. [...]
Peabody energy heats up along with the coal sector after Republicans seized the Senate yesterday. BTU is up 15 cents to $10.44 and recent trades on BTU include a sweep of 4,333 Jan 10 calls for $1.21 when the market was $1.13 to $1.21. It opens. 5,497 changed hands total.
Calls outpace puts in Plug Power by 10:1. The stock is up 9% to $5.16 in active trading of 12 million shares amid relative strength in alternative electrical/battery names (BLDP and FCEL are also rallying). 26,000 calls and 2,600 puts traded in PLUG. 4,800 Weekly (11/7) 5.5 calls traded in the name. Dec 5, Weekly [...]
Twitter options volume twice normal with earnings an hour away. On pace for 400K contracts today with calls leading puts 4:3 and 61% of today’s volume in weeklys that expire this Friday. Shares near 48.60, the center of their 52wk range of 30.50 to 73.31, and today’s volume is on track for the best since [...]
Pre-earnings flow in Coach. The company is due to report results tomorrow morning and most of the focus is on the 10/31 Weeklys. The 38-strike calls are the most actives, as 5,191 contracts changed hands vs. 170 in open interest. It includes a 1595-lot for 70 cents on ISE and is an opening customer buyer, [...]
Associated Estates Dec 20 calls trade 1000X (in a sweep for 50c) ahead of earnings tomorrow afternoon. Looks like an opening buyer, driving overall optoins volume to 42.5X the norm. Shares of the residential REIT are off 9 cents to $19.29 after notching 52-week highs Friday.
Weight Watchers with longer-term deep out-of-the-money put activity. With the stock off 95 cents to $27.94, a 1500-lot orf Jan2017 13 puts on the diet company trades for $3 when the bid-ask was $2.25 to $3. 2000 traded total. Interest in longer-term DOOM puts on WTW is not new. In fact, Jan2016 10 and 15 [...]