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 [...]
FireEye Weekly (11/7) 32 calls trade 3086 contracts. With the stock up 20 cents to $31.08, the top trade is a 2000-lot for $1.70 on PHLX when bid-ask was $1.45 to $1.70. Looks like a new position and will capture a Nov 4 earnings report.
Noteworthy spread in Neucrine Biosciences as the investor is apparently selling 1250 Jan 10 puts on the biotech at 60 cents to buy 2500 Jan 17 – 22 call spreads for $1.75. The call spread is opening and so the new position seems to be expressing a bullish view on the stock, which is down [...]
Afternoon action in Allergan. With the stock up $1.13 to $179.32, 1,807 Apr 200 calls on the biotech traded for $7.10 and 4,217 also traded for $7. The market was $4.30 to $7.10. The activity is opening. 1500 Nov 170 calls on AGN also changed hands today. Stifel was out with bullish commentary on the [...]
Massive block trades print in KinderMorgan calls on PHLX. 50k Jan 40 calls were crossed at the midmarket price of 85cents just before 3pm when shares were near $38.20, followed a few minutes later by a cross of 25k Jan 37.5 calls for $1.88 (3cents above mid) made by interdealer broker ICAP. Both blocks appear [...]
Hardy trade in H&R Block. With shares down 52 cents to $30.49, an investor bought 12,500 Jan 32 calls on the tax preparation company. 25,000 traded on the day and the options are tied to shares (on a 58 delta), maybe stock replacement after a taxing one-month 9% slide in the underlying.
Long-term bull in Barrick Gold. With shares up 34 cents to $15, a 20000-lot of Jan2017 25 calls on the gold miner is bought-to-open for 76 cents, to open.
Ratio spread trade in Transocean. With shares up 12 cents to $32.09, an investor sells 10,000 Nov 35 puts on the oil driller at $3.825 and buys 23,458 Nov 27 puts for 40 cents each. The investor also sold 313K shares. Both legs of the spread are opening and, if so, the activity is expressing [...]
Call buyers driving heavy volume in Occidental Petroleum. 23K calls have traded in opening 90 minutes with half the flow in Oct 100 calls, bought in a few sweeps from 45 to 50 cents as shares traded near $96 at 10:34ET. Later flow paid up to 70cents as shares traded 96.65. Opens a new position [...]
Cablevision Systems sees bearish flow with nearly 7,000 puts and zero calls on the tape so far. Most of the activity printed just before 10:00 and included a 3500-lot of Jan16 17 puts for $2.35 when the bid ask was $2 to $2.50. It opens. At that same time, a multi-exchange sweep of 2,226 Mar [...]