JetBlue Jan 13 – Mar 14 call spread for a nickel, 7329X. Looks like a buyer is rolling a block of long calls out to March, up one strike, as shares lift to $13.33 and multi-year highs. 10000 traded on the day.
Higher call volume in Hertz. With shares up 34 cents to $22.61, more than 12,800 Weekly (12/5) 24 calls traded on the auto rental company. It appears that buyers are paying 45 and 50 cents to open new positions, possibly rollng out of Nov 24 calls where 7,950 changed hands. A 6,000-lot of Dec 31 [...]
Sizable trades in CBS. With shares down 39 cents to $52.49, 27,840 Jan 60 calls on the media company are sold at 45 cents. It appears to be liquidating activity. 31,654 traded total against 58,783 in open interest. Another 24,890 Jan 70 calls also traded, at average price of 7.5 cents and appears to be [...]
Crazy action in LOCO options? November put options, which expire at the end of this week, are seeing opening actvity. Nov 32s are the most actives. 2,427 changed hands against 516 in open interest. Another 1,858 Nov 33s also traded. The stock is down 10 cents to $32.61 and adding to losses from yesterday after [...]
Bears in Bon Ton Stores ahead of earnings. The stock is off 7 cents to $8.71 ahead of the 11/20 profit report and one player opened a 2000-lot of Dec 7 puts on the retailer for 15 cents. 353 Jan 8 puts also traded in the name.
9500 calls and 80 puts traded in Dunkin. The stock is down 31 cents to $47.27 and the top trade on the donut shop is a 6220-lot of Jan 47.5 calls, sold at $1.65. It’s possibly closing. Nearly 7,000 traded at that strike. Looks like closing sellers of Jan 50 calls in DNKN today as [...]
IMAX attracts a hefty call spread. With shares off 38 cents to $29.84, the investor sells 22,562 Dec 30 calls on the movie theater company at 90 cents and buys 26,746 Mar 33 calls for 90 cents (tied to stock on 16 delta). The position in March is opening and the Dec calls probably close [...]
IPG April 19 calls for $1.90, 4189X. The market was $1.45 to $1.60. More than 4,700 traded vs. 46 in open interest. The stock is up 23 cents to $19.67 and has rallied 16.7% since 10/10. Earnings were released on 10/22 and opening of Apr 19 calls seems to be expressing coinfidence in IPG through [...]
Sizable spread in CBS. With the stock down 59 cents to $52.82, the Nov 53 – Dec 55 call spread on the media company is bought for 35 cents, 20000X. It appears to roll some bullish positions in Nov 53s (at 75 cents today) that was opened for $1.60 a couple of weeks ago (see [...]
Pre-earnings action in Gap Stores. With shares up 24 cents to $39.75, smaller lots of Nov 40 calls on the retailer traded for 67 cents and then 2,370 traded for 70 cents on CBOE when the market was 54 to 72 cents. it appears that buyers might be opening for upside exposure through the Nov [...]