News Corp (NWSA) is off 50 cents to $30.19 and a Mar – Apr 28 calls pread is bought on the media company for 27 cents, 11000X, to open. The flow probably rolls a position to April from March. The Mar 28s, which traded at $2.30 today, saw opening activity last Wednesday for $2.00 to [...]
JC Penney (JCP) is up 48 cents to $15.53 in active trading of 8.7 million shares and options on the retailer are busy this morning on talk the company’s CEO Johnson might resign — Briefing. The unconfirmed chatters seems to be the catalyst for the higher volumes in JCP today. 38,000 calls and 10,000 puts [...]
Marriott (MAR) is off 2 cents to $40.27 and options volume on the hotel chain is running 3.5X the daily average. 3,000 calls and 90 puts so far. Mar 41 calls are the most active. 2,200 traded against 692 in open interest. Most traded as part of a sweep of 1,842 contracts for a dime [...]
Dicks Sporting Goods (DKS) is down $4.75 to $45.85 on earnings and recent options trades on the sporting goods retailer is a three-way spread. The investor apparently sold Jan 38 puts to buy Jan 45 – 53 call spread, paying $1.30, 2000X, to open.
TJX is flat at $44.91 and an investor sells a Mar – Apr 45 call spread on the stock at 60 cents, 30000X. The activity probably rolls a position in March 45 calls for 30 cents, which was opened mid-Feb at $1.05 (and rolling out of Feb 45 calls — see 2/15 color). Meanwhile, a [...]
Petsmart share near 63.14 (after a 6.6% earnings hit last wk) and a customer has been active in the March 60-65 putspread today, collecting 1.95 for a total of nearly 2200 spreads, likely closing positions opened in January for 2.10 when shares were near 64.21.
Starwood Hotels (HOT) ticks 14 cents higher to $62.70 and early trades on the stock include a sweep of 1123 Mar 65 calls for 7 cents per contract when the market was 4 to 7 cents. A customer bought, to open, according to ISEE data. Then, a few smaller lots and a 4,000-contract block traded [...]
Someone may have a taste for Hamburguesas today, with call buying in Arcos Dorados Holdings- the largest McDonalds franchisee in Latin America. Buyer is focused on Aug 15 calls, currently 20% above spot, and paid 40 to 45c for a total of about 3500 to open what will be the largest position in the name. [...]
Implied volatility in Dicks Sporting Goods (DKS) is moving higher ahead of earnings, due Monday morning. The stock is down 90 cents to $49.46 in active trading of 2.3 million shares and investors are opening positions in March 50.5, March 53.5, and April 50 calls on the stock. Total volume is 6,600 calls and 850 [...]
UAL Continental (UAL) is up $1.79 to $31.41 in active trading of 3.8 million shares after releasing February operational statistics yesterday. Deutsche Bank raised the price target on the stock to $35 from $29 this morning. UAL is gaining altitude Friday morning and options activity in the airliner is picking up as well. 10,000 calls [...]