Dollar General draws a big print. The stock is up 33 cents to $62.30 and moving to session highs. With shares at $61.66, 25000 Nov 67.5 calls on the retailer trade for 95 cents when the bid-ask was 65 to 95 cents. No big stock trades in DG yet today, but 514,000 shares printed at [...]
Sizable call spread in CBS. With the stock up 67 cents to $55.29 and a Mar 57.5 – 67.5 call spread for $2.47, 20000X. It’s opening and looks untied. The bullish position is being initiated as the stock attempts to rebound from a one-month 9% skid.
Staples Oct 13 puts are swept across multiple exchanges for 40 cents, 10000X. It’s opening. The market was 40 to 55 cents. The stock is up a nickel to $13.10 and the same player that sold 10000 Sep 13 puts on office supplies retailer last week is possibly opening in October after the Septermber options [...]
Possible pin play in EBAY. Expiring Sep 53 puts trade more than 25K. The stock is up 30 cents to $53 and the contract is at-the-money. Open interest is 27,450 and the market is 27 to 30 cents. At-the-money Sep 53 calls have traded 4,157 against 6,599 in open interest. Market is 25 to 29 [...]
JD shares are up nearly 5% to 29.48 (US IPO was last May for $19/share) and nearly 25K contracts have traded today with puts leading calls slightly. Early flow was put-centric with 2500 Dec 25 puts bought on NYSE-ARCA for 1.40 at the open when shares were 28.26, with later buyers of Dec 25 and [...]
Sears Holdings put volume 5x normal as volatility lifts. SHLD options are on track for busiest day since June as shares continue this week’s 14% decline. Minutes into the day a buyer paid 4.10 for 2K Jan 18 puts as shares traded $29.57, and minutes ago a buyer paid 95cents to open 29 strike puts [...]
Target option volume running 12 times normal as shares approach 52wk high. 20K calls trade in first half hour, versus 6000 puts. Weekly 10/10 66 strike calls lead the most actives with 3000 trading for 33c average price. Longer dated upside also active with a sweep buyer paying 47c for 1800 Jan 70 calls to [...]
Early sweep of Staples Sep 13 puts. The stock is up 19 cents to $13.22 and it looks like an investor is collecting a nickel, 10000X, to open. If so, the premium selling is expressing confidence that SPLS will hold above $13 through the end of this week.
October puts on both Royal Caribbean and Carnival Cruise (CCL) are seeing interest Tuesday. RCL is up 58 cents to $67.01 and smaller lots of Oct 62.5s traded on the cruise ship operator for 61, 63, and 71 cents before a 2454-block printed for 72 cents when the bid-ask was 65 to 71 cents. 4,392 [...]
McRisk-reversal in MCD. The stock is up 27 cents to $93.74 and a Jan 87.5 – 97.5 combo trades for 15 cents, 5000X. The investor sold puts to buy calls. The same bullish trade was opened 2500X yesterday and so today appears to be repeat activity. A noteworthy Dec 92.5 – 97.5 call spread was [...]