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 [...]
Call buyers are still dipping into Dunkin. Dec 50 calls on the stock were actively traded last week (see 9/9 color). The stock is up 22 cents to $47.43 Monday and has added 1.4% since that time. With shares climbing to multi-month highs, 732 Sep 47.5 calls on DNKN are swept for 46 cents and [...]
Bearish pre-earnings flow in Rite Aid. With the stock down 16 cents to $6.39, 4,500 Sep 6.5 puts on the retailer have been bought-to-open this morning for 29 cents on ISE. Data from the exchange is reporting an opening customer buyer. Total volume at that strike across all the exchanges is 7,695 against 767 in [...]
The office supplies retailers see relative strength and bullish options order flow. Office Depot is up 19 cents to $5.82 and an investor pays a nickel to open the Oct 5.5 – 6 bullish risk-reversal on the stock, 25000X. Staples is up 4% to $14.02 and Dec 14 calls on the stock drew early interest. [...]
Opening activity in expiring Weekly calls on EBAY. The stock is down 55 cents to $50.13 and 765 Weekly 50.5s are swept acoss multiple exchanges for 7 cents when the market was 4 to 7 cents. 3,073 traded total against 580 in open interest.
DirectTV draws increased call activity. With the stock up 13 cents to $86.78, smaller sweeps of Sep 87.5 calls on DTV traded for 54, 50, and 68 cents per contract. 988 traded at that strike. Sep 90s are the most actives, as players are apparently paying 15 cents per contract. The top trade is a [...]
Carnival put volume spikes to 20x normal. Buyer paid 30 cents for 7000 Oct 36 puts as shares traded $39 at 11am ET, with another 5500 bought for 30c ten minutes later as shares trade 38.96. Opens what will be the largest put position in the name.
Trade Alert data shows a large increase in open interest in Sirius XM calls. (In Flow Monitor Try @stock and 5 and + for more). The stock is flat at $3.62 and 20000 Dec 3.5 calls on the satellite radio company were sold-to-open at 21 cents per contract on ISE. 25,000 traded total and open [...]
Lululemon with pre-earnings spread trading. The athletic apparel company is due to report tomorrow morning and an investor has been selling Weekly (9/12) 43.5 calls on LULU and buying Weekly (10/3) 43 calls, 1300X on ISE. 37 cents is being paid and the activity is opening in both legs for a customer account, according to [...]
Surge of put buying in Costco Wholesale. Nearly 3000 puts have traded in COST this hour, which is 4x normal while call volume is light at 408 contracts. 69% of the flow is in 10/24 weekly options, with a simultaneous sweep buys of 750 each of the 119, 120 and 121 puts at 10:09 when [...]