Relative strength and bullish order flow in Zulily. The stock hit a morning low of $13.19 after Goldman downgraded it to Neutral, but is now up 15c to $14.12 and 7% off its worst levels. On the options front, a 2.2K lot of Aug 14th Weekly 15 calls on the retailer was bought to open [...]
Caesars Entertainment volatility near 300% ahead of crucial bankruptcy ruling. Shares near $6.54 and traders are bracing for a massive move later this week as a judge rules on Caesar’s exposure to a subsidiary that has been in bankruptcy since January. Over the past week shares have climbed nearly 11% from lows near $6.09, while [...]
Hefty options combo in Comcast. The stock is up 13c to $64.40 and the Jan 55 – 75 bullish risk-reversal on the Cable TV and Internet company is sold at 39c, 12000X. The options are tied to 300K shares and might be closing because open interest is sufficient to cover, but with the stock midway [...]
Apollo Aug 14 calls are seeing some interest. The stock is up 26c to $13.95 and saw a morning uptick on increasing volume amid LOPE-for-APOL chatter. 1.2K Aug 14 call options on the education company traded across multiple exchanges for 55c when the stock was at $13.81. 4.8K traded total.
Aeropostale attracts increased options action, driven by one block of long-term options. The stock is off 4c to $1.55 and 35K Jan2017 1 calls on the retailer trade for 90c per contract when the market was 75 to 90c. A buyer is opening a position, tied to 2M shares, as shares probe 52-week lows. Earnings [...]
United Continental strangle buyer puts $1.5M into new position with bearish bias. Customer paid $1 for the Aug 50-75 strangle just before 2pm today on NYSE-Arca as shares traded near $55.73. Both legs open and the strike selection is interesting given they are 34% away to the upside and only 10% to the downside. Shares [...]
IAC Interactive attracts an opening options combo. The stock is up 93c to $83.69 and the Jan 70 – 95 risk-reversal on the media company trades for 95c, 6000X. The new position is tied to 270K shares and seems to be expressing a bullish six-month outlook. It’s being opened ahead of a 7/28 earnings report.
Hefty ratio spread in Hertz as shares gain 13.8%. The stock is up $2.34 to $19.33 after the auto rental company updated 2015 guidance and an investor is apparently selling 25K Jul 18 calls on Hertz at $1.15 to buy 35K Sep 20 calls for $1.10. The Sep 20s open and the expiring Jul 18s [...]
Lowe’s expiring puts are seeing some interest. Shares are off 84c to $67.39 and Jul 67.5 puts on the retailer traded across multiple exchanges this morning for prices ranging from 8 to 17c percontract. The stock is now at session lows and the market is 23 to 25c. 9.1K traded total and, while open interest [...]
CBS sees early options action. The stock is off 30c to $55.15 and small lots of Aug 57.5 calls on the media company traded for 94c in a multi-exchange sweep when the bid-ask was 81 to 94c, and 6770 traded for 95c on ISE when the market had lifted to 82c to $1. More than [...]