Followup on the massive volume spike noted at 1pm today. Data shows nearly 900K puts trading over one minute, involving CMG, PCLN, REGN, YELP,YHOO and NUS. All the volume printed via complex order books on CBOE, ISE and PHLX, and appears to have been customer to customer. While total premium involved is well over $10M, [...]
Bank of America Aug and Oct 17 puts are the most active equity options contracts today. Both traded 126,000X due to ongoing spread activity. The Aug – Oct 17 on the bank traded at 8 cents, 30000X this morning (see 11:28 color) color. It traded again at cents, 33500X midday and then was sold again [...]
Noteworthy call spread in Consol Energy. The stock up 38 cents to $39.20 and a Jan 45 – 50 cs on the coal producer trades for 79 cents, 10000X. Looks like an opening buyer and the new position is being opened as shares attempt to rebound off multi-month lows. Earnings were reported om 7/29.
Call buyers pumping the KEG this afternoon. Paid 50 to 55cents for 2000 March 7.5 calls to open a new position struck 22% above spot. Shares of the oil rig contractor set a new 52wk low today. Appears to add to 6K opened yesterday at same price. Earnigns due next wk.
Massive blast of orders suggests algo-gone-wild at precisely 1pm today. Nearly 700K contracts traded in a barrage of 1300 orders for exactly a minute, with nearly all the flow in out-of-the-money weekly puts that expire today in CMG, PCLN, and REGN. Many orders were sized at 2997 contracts, and total premium involved was nearly $8million. [...]
C&J Energy Services Dec 26 – 35 bullish risk-reversal. With the stock down 54 cents to $29.42, the bullish combo has been sold-to-open at 10, 15, and 25 cents multiple times on ISE. 5,000 traded total. New bullish positions are being opened after shares of the oil and gas equipment company gapped down on earnings [...]
Phoenix New Media Sep 10 – 12.5 call spread for 65 cents, 2000X. Looks like an opening buyer. Stock is down 13 cents to $9.95.
Biggest trades so far today are in Bank of America. With the stock down 1.7% to $15, an investor is apparently selling the Aug – Oct 17 put spread on the bank at 8 cents, 30000X. The Aug 17s might close (buyer for $2.06 today) a position opened on 6/23 when the stock was trading [...]
Achillion sees a spike to $7.34 and Aug 8 calls on the biotech are drawing interest. ACHN is now up 15 cents to $7 on takevoer chatter (according to TheFlyOnTheWall). 2,683 Aug 8 calls traded in the name. The contract is a $1 out-of-the-money and expiring in two weeks. The flow has been in smaller [...]
American Eagle attracts bearish flow. The stock is down 31 cents to $10.35 and a 5000-lot of Aug 10 puts trades on the apparel retailer for 15 cents on ISE. A customer is buying, according to ISEE data. 5,120 traded at that strike against 1,950 in open interest. More than 5,000 Aug 11 puts also [...]