McFlurry of options activity Tuesday. The stock is up $3.18 to $98.38 in heavy trading of 8.5 million shares and options volume is running 4X the daily average. Players gobbled up March 97.5 calls at the rate of 3,373 contracts so far. Weekly 97.5, April 100 and June 105 calls are the next most actives [...]
Pre-earnings action in Aeropostale. The stock is up 11 cents to $7.11, even as peer American Eagle (AEO) is down 6% on earnings. In options trading, a sweep of 2870 Mar 7 calls traded on ARO across multiple exchanges when the market was 45 to 55 cents. Then, a 2160-lot printed for 60 cents when [...]
Nordstrom sees noteworthy options activity. The stock is off four cents to $62.35 and an investor is apparently buying the Apr 60 – 62.5 (2X1) put ratio spread on the retailer for 24 cents, 2500X, to open. It appears to be a roll out of a similar March 57.5 – 60 put ratio spread and [...]
Kroger call buyer. The stock is up 54 cents to $43.92 after the grocery store chain reported better-than-expected earnings and as the Albertson-Safeway merger story unfolds. In options action, paper was paying 50 to 55 cents for Apr 46 calls on Kroger in early trading. More than 33,000 contracts have now changed hands against 1,958 [...]
United Airlines sees similar action to Delta. The stock is off 50 cents to $47.50 and it looks like the investor sold 8000 Sep 38 puts on the stock at $2.10 to buy 8000 Sep 48 – 55 call spreads for $2.65. DAL saw the same 3-way in Sept options contracts.
Delta draws a hefty spread. The stock is down 43 cents to $34.95 and an investor is selling 10,000 Sep 30 puts on the airliner at $1.69 to buy 10000 Sep 36 – 43 call spreads for $2.24. The position is opening and seems to be expressing confidence that the recent climb in Delta shares [...]
DirectTV draws early options action. The stock is up 13 cents to $80.06 and it looks like the Mar 80 – 85 call spread is being sold on DTV at $1.38, 3000X. It might roll a position up in strikes and close Mar 80s (at 1.80 today) opened on 1/23 when the stock was 11.2% [...]
Intrernational Game Tech continues to attract high call volume. Yesterday’s flow created fresh open interest in July 17, July 15, and March 16 calls on the Las Vegas, NV gaming equipment company (see 3/5 color). The stock is up 42 cents to $15.61 on average share volume of 2.3 million Thursday. Yet, roughly 29,000 calls [...]
Trader showing an appetite for short-term upside Yum Brands calls. Buyer has paid 12 to 15cents for 77 strike YUM calls that expire tomorrow afternoon. Opens a new postion. Stock set an all-time high above $78 back in November. TheFlyontheWall.com reported an upgrade to Outperform this morning.
Boyd sees bullish flow. The stock is up 39 cents to $11.97 after the casino operator reported earnings after the close yesterrday. A sweep of 2265 Apr 12 calls trades on the stock for 80 cents when the market was 65 to 80 cents. 3400 traded against 2,231 in open interest.