Sizable trade in Ceasers Entertainment. With the stock up 41 cents to $13.19, it looks like $4.20 per contract was paid to open an 11200-lot of Jan 10 calls on the casino operator. It’s tied to 876K shares at $13.05 and maybe stock replacement, the day after CZR touched 52-week lows on earnings.
Comcast with a big call seller. With the stock up 34 cents to $54.14, a 27000-lot of Oct 55s on the Internet and TV company is sold at $1.07 per contract, to open. The company reported earnings on 7/22.
Heavy selling in Aeropostale Wednesday. The stock is down 6.9% to $3.27 and sliding to session lows on increasing volume of 2.2 milion shares. For a second day, Jan 3 calls are the most active options on the teen apparel retailer. 21,500 contracts traded yesterday, with some intraday buying and selling apparently drivng the flow, [...]
JC Penney puts are seeing early interest. The stock is down 10 cents to $9.36 amid relative weakness in the retailers after data showed no change in Retail Sales for July and ahead of JCP’ earnings tomorrow afternoon. 3,246 Weekly (8/22) 9.5 puts on JCP are swept across multiple exchanges for 61 cents when the [...]
Interpublic Group Companies Jan 20 calls traded for $1.05, 4650X. The market was 90 cents to $1.05. Total volume at that strike is 4,705 and positions are possibly being opened to replace some of the 16,635 contracts of open interest in Aug 20 puts that come of the board this week. The stock is drifting [...]
Dex Media draws increased options action. The stock is up 51 cents to $13.40 after the company reported earnings yesterday and the Aug – Sep 12.5 call spread on the phone directory company is apparently being sold at 40 cents, 20000X. It probably rolls a block of (short) in-the-money calls to Sep from Aug. Trade [...]
Big four-way in MGM. With the stock down 16 cents to $24.65, the investor sold 20,000 Jan 25 puts on the casino operator at $2.09 and bought 10,000 Jan 30 calls 46 cents (possibly closing a 1X2 risk-reversal). The same investor also opened 20,000 Jan 24 puts for $1.585 and 10,000 Jan 27 calls at [...]
Aeropostale calls active on bullish analyst commentary. The stock hit a high of $3.68 this morning after Wunderlich said the retailer is ‘weathering the storm’. ARO is now up 15 cents to $3.52 and Jan 3.5 calls are the most active options on the stock. 13,500 traded, including a sweep of 2,000 contracts for 81 [...]
Another big print in IMAX. The stock is up 9 cents to $26.92 and a 10000-lot of Aug 27 calls on the cinemas company is sold at 30 cents. It’s probably closing. Earlier, an Aug 26 – Dec 30 call spread on IMAX traded at 15 cents, 20200X. I noted that both legs of the [...]
Interesting trade in IMAX, as the investor sells the Aug 26 – Dec 30 call spread on the stock at 15 cents, 20220X. With the stock up 6 cents to $26.89, the Aug 26s, which are in-the-money and expire at the end of this week, are sold at $1.10 to open. The Dec 30s are [...]