Office Depot (ODP) is flat at $3.68 and a 2150-lot of May 3.5 puts on the stock is an opening buyer, paying 20 cents, according to ISEE data. Nearly 7,000 traded on the day and is possibly a play on earnings. ODP reports before the market on Apr 30.
Abercrombie (ANF) drops $1.10 to $45.57 and a Jun 52.5 – 57.5 call spread is bought on the stock for 72 cents, 2500X on ISE, to open. No news on the stock today and shares are down amid broader weakness in the retail sector. Earnings due out in about a month.
Melco Crown Entertainment (MPEL) adds 2 cents to $22.16 and an early print on the casino-operator is a 7000-lot of May 24 calls for 45 cents per contract. The market was 45 to 55 cents, but hearing it was a customer buyer on PHLX. It might cover some of the positions opened yesterday when 13,300 [...]
Gamestop (GME) is up 57 cents to $31.95 and a 3200-lot of Jun 31 puts is bought on the stock for $2.32 per contract, to open. More than 4,000 now traded against 1,847 in open interest. The stock is up more than 25 percent over the past month and some investors are possibly buying protective [...]
Gannett (GCI) adds 16 cents to $21.22 and as a sweep of 1,600 May 20 puts traded on the McLean, VA publishing company for 65 cents per contract across muliple exchanges and then 2,335 printed for 65 cents on CBOE. 4,000 now traded against 1,241 in open interest. Implied volatility in GCI is up 9 [...]
Nordstrom (JWN) is up 35 cents to $55.48 and a four-legged spread is initiated on the retailer today, as an investor sold 2,000 Jan 45 puts on JWN at $1.43 and sold 2,000 Jan 50 puts at $2.70, to buy the JWN Jan 55 – 60 call spread for $2.23. Looks like an opening position [...]
JC Penney (JCP) is up 47 cents to $14.68 and it looks like 20,250 May 12 puts are sold on the retailer at 36 cents to buy 20,000 Jun 14 puts for $1.45. The activity might roll, covering a position in May 12 puts opened on 4/9, when 10K were bought for 58 cents, and [...]
Lowe’s (LOW) drops 59 cents to $38.33 and it looks like 2000 Jan 50 calls are sold on the home improvement retailer at 35 cents, to buy Jan 25 – 30 put spreads, for 65 cents, 2000X. A similar trade surfaced on 4/1 when 7000 Jan 50 calls were sold to buy 2000 Jan 25 [...]
Youku (YOKU) hit a morning high of $17.50, but is now down 48 cents to $16.91 in active trading of 1.3 million shares. Options volume on the Chinese Internet television company is running 2X the daily average. 3,220 calls and 280 puts so far. Players are showing interest in Apr 18, Apr 19, May 19 [...]
Viacom (VIAB) drops $1.42 to $65.08 and players in the options market are nibbling at May 70 calls on the stock Monday morning. 11,395 contracts traded against 337 in open interest. Several small lots printed early for 65, 67 and 70 cents, before a 8586-lot printed for 70 cents per contract on CBOE. The market [...]