The woes continue for Alpha Natural Resources as shares of the coal producer drop another 10% to new lows of $2.59. Recent options trades on ANR include a sweep of 10747 Oct 2.5 puts across multiple exchanges for 14 cents when the bid-ask was 12 to 14 cents. 12,267 now traded vs. 1,296 in OI [...]
Increased options activity in Canadian Natural Resources, being led by a buyer of 7,500 Jan2016 40 calls for $3.80. It’s opening and tied to 405K shares at $38.90. Separately, 5,640 Oct 39 calls trade on the oil and natura gas company at a VWAP of $1.09. Open interest is 31 and the market is now [...]
1,985 Nov 70 calls on Range Resources swept for $2.35 across multiple exchanges. It’s an opening buyer, as shares drop $1.80 to $68.20 and 52-week lows.
Mighty big trade in Marvell. With the stock up 35 cents to $13.74 on a JMP Securities upgrade, a 25000-lot of May 15 calls on the chip-maker trades for 81 cents when the bid-ask was 65 to 81 cents. Then another 5,000-lot printed for 81 cents. 30,282 traded at that strike against zero contacts of [...]
Pfizer Nov 32 calls for 19 cents, 20000X. A buyer is opening. With the stock up 32 cents to $30.27, the 20 delta option expires in 58 days and captures an Oct 28 earnings report. 20,768 contracts traded at that strike. Nov 30 and 31 calls are drawing interest as well.
Active trading in National Bank of Greece call options just after Noon ET. The stock is up 17 cents to $3.17 and the top trade is a sweep of 5,000 Jan 3 calls on the bank for 60 cents when the bid-ask was 50 to 60 cents. Two minutes earlier, 4,343 Jan 4 calls traded [...]
Green Plains Nov 40 – 45 call spread for $1.06, 1620X. Looks like an opening buyer. 2500 traded on the day. The stock is up 3% to $37 after a two-week 17.4% tumble. The call spread will capture earnings, due in late-October.
Assured Guarantee call volume 5x normal as buyer lifts Jan calls. Buyer paid 1.70 for 3000 Jan 22 calls as shares traded near flat at $22.42. Opens a new at-the-money position on the name that has seen a 20-26 range this year.
Repeat activity in GE Oct 27 calls. 17,000 contracts were recently swept for 7 cents across multiple exchanges. ISEE numbers indicate opening customer buyers. 21,260 now traded and the flow probably adds to positions opened last week for 12 cents (see 9/17 color).
Sun Edison is squeezed higher. The stock is up 7.8% to $20.80 in heavy trading of 9.4 million shares on unsubstantiated speculation (Briefing, FlyonthWall) that GE is interested in the solar panel company. The stock is heavily shorted with a recent short-to-float ratio of more than 26% and the spike is probably driving a lot [...]