Calls on JC Penney are seeing interest for a second day. Players were opening in the Weekly (1/9), Jan, and Weekly (1/30) 6.5-strike calls yesterday (see 1/5 color). The stock is down a nickel to $6.4 today and Weekly (1/9) 6.5 calls are the most actives in the options on the retailer. 16,100 contracts traded, [...]
Final option block of the year prints in Workday calls at the bell. Initiator paid 30c for 18200 Jan 90 calls and 20c for 3300 Jan 95 calls, all tied to 150K shares at $81.90. 90s appear to close a position opened in late November when paper sold similar size in the $1.80-2.80 range as [...]
Potbelly call volume surges heading into the final hour of 2014 trading. Shares of the sandwich chain are near $12.80, up 45cents but still about half the level seen last New Years Eve (IPO was October 2013). A buyer just paid from 15 to 20c for nearly 1200 Jan 14 calls to open a new [...]
Big print in JP Morgan. The stock is off 32 cents to $62.83 and a 26,950-lot of Mar 62.5 calls on the bank is bought for $2.30 per contract. The hefty premium purchase ($6.2 mln) is opening and possibly stock replacement, as the calls are tied to 1.43 million shares at $63.03.
Molson Coors call block closes short leg of spread opened in September. Customer paid 2.30 for 10K Jan 75 calls this afternoon as shares traded 75.23, with the executing broker crossing the entire trade on NYSE-ARCA (Pcoast). Likely closes the short (profitable) leg of the Jan 75-April 82.5 call diagonal that was opened Sep 17th [...]
Apple to $120 by February 6? One player in the options market seems to think so as the top options trade on AAPL today is a Weekly (2/6) – Feb 120 call spread at 34 cents, 4800X on ISE. A customer sold-to-close the Feb 120s and bought-to-open the Weekly (2/6) 120 calls, according to ISEE [...]
Sigma Designs call buyer strikes as shares touch intraday highs. Shares up nearly 7% near $6.84 and call volume is 32x normal with what appears to be a a closing trade of 1674 Jan 5 calls at $1.84, opened two weeks ago for 44c when shares were near 5.34, and an opening buyer of nearly [...]
Michael Kors option volume 75% above normal with 8500 contracts trading and puts leading calls slightly. Shares little changed and largest block was a trade of 3750 Jan 70 puts at .275 vs 38K shares of stock at 75.75, likely closing some of the 37K open interest at the strike. Opening flow includes a sweep [...]
Coke Jan2016 50 calls for 80 cents, 9600X. With the stock down 28 cents to $42.28, 10000 traded on the day and the flow appears to be repeat buying from Monday, when buyers paid 68 and 72 cents (see 12/29 color).
Yamana Gold Jan2016 5 – 10 call spread for 57 cents, 4088X. Looks like a buyer and, with the stock down 10 cents to $3.97 and off 53.5% year-to-date, maybe a new position on the view the Canadian gold miner will rebound in 2015.