Consumer Services

J C Penney Company Inc (JCP) $6.43 -1.08%

JC Penney draws a put buyer. With the stock off 8 cents to 46.42, a 15000-lot of Jan 7 puts on the retailer is bought for 67 cents per contract. It’s tied to 1 million shares for $6.56 and maybe closing after a three-month 40% drop in JCP.

December 26, 2014 | 0 Comments More

Conns Inc (CONN) $18.27 +0.22%

Second day of interest in Jan 19 calls on Conn Inc. More than 5,800 were opened after Wednesday’s shortened trading session (see 12/24 color). The stock is up 9 cents to $18.32 today and a 2700-lot of CONN Jan 19 calls trades for 1.20 when the market was 1.05 to 1.20. It appears to be [...]

December 26, 2014 | 0 Comments More

Cardinal Health Inc (CAH) $81.98 -0.11%

Cardinal Health Feb 75 – 80 put spread at $1.05, 467X on ISE. A customer sold-to-open, according to ISEE data. The spread has traded 1300X across multiple exchanges and, with shares off a nickel to $82.02, the new position seems to be stating that CAH will hold above $80 through mid-Feb and or the investor [...]

December 26, 2014 | 0 Comments More

Conns Inc (CONN) $18.11 +6.53%

Higher call volume in Conn’s Inc as shares spike higher. The stock is up $1.25 to $18.25 and Jan 19 calls are the most actives in the electronics company. More than 5,900 traded at that strike. 3,350 Jan 17.5 calls also changed hands. Some players are possibly buying calls and bracing for the stock to [...]

December 24, 2014 | 0 Comments More

Sears Holdings Corporation (SHLD) $32.53 -1.21%

Sizable trade in Sears. The stock is off 39 cents to $32.54 and an investor sells 9,062 Jan2016 30 puts on the retailer at $2.50 and 3,659 Jan2016 35 puts at $4.90, to buy 15,000 Jan2017 20 puts for $9 per contract. The action appears to be rolling, or closing out the Jan 2016 puts [...]

December 24, 2014 | 0 Comments More

Wendys Company (WEN) $8.88 +1.49%

Upside calls on Wendy’s are sizzling this afternoon. The stock is up 11 cents to $8.86 and smaller lots of Feb 9 calls on the fast food chain printed for 35 and 40 cents when the market was 25 to 40 cents. Then a 6000-lot traded for 41 cents. It appears that buyers are opening [...]

December 23, 2014 | 0 Comments More

Burlington Stores Inc (BURL) $49.01 +3.07%

Second day of bullish flow in Burlington Stores. March 50 calls on the retailer were active yesterday (see 12/22 color) and the flow created 3,642 of new open interest at that strike. The stock saw a spike to $49.63 this morning and is up $1.54 to $49.09. Mar 50 calls are again the most actives [...]

December 23, 2014 | 0 Comments More

Hertz Global Holdings Inc (HTZ) $24.29 +7.43%

High volume on Hertz as shares move higher Tuesday. The stock is up $1.43 to $24.04 after announcing a price increase for its rented vehicles and after Avis rallied on news Glenview Capital took a 5.1% stake in the company (see CAR color). The top trade in HTZ is a spread. The investor bought 17,000 [...]

December 23, 2014 | 0 Comments More

Avis Budget Group Inc (CAR) $63.05 +7.50%

Avis attracts a premium seller. The stock is up $4.32 to $62.97 after a 13G filing out late-Monday showed Glenview Capital Management with a 5.1% stake in the auto rental company. On the options front, a 20000-lot of May 57.5 calls on CAR is sold at $8 per contract. It’s a buy-write against stock for [...]

December 23, 2014 | 0 Comments More

Staples Inc (SPLS) $17.63 +0.74%

Staples sees increased call activity. The stock is up a nickel to $17.55 and 4,000 Feb 18 calls on the office supplies retailer are swept across multiple exchanges for 80 cents when the bid-ask was 55 to 80 cents. It opens. Separately, but at about the same time, 3,378 Jan 18 calls are swept for [...]

December 23, 2014 | 0 Comments More
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