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 [...]
McDonald’s drew a noteworthy three-way spread as shares tumbled to 52-week lows late-Tuesday. An investor sold 5,000 Dec 87.5 puts on the fast food chain to buy Dec 92.5 – 97.5 call spreads, collecting 5 cents, 5000X. The new position was tied to 285K shares and maybe stock replacement after a four-month slide in shares. [...]
Buyer dips into Dunkin Donuts calls. Paid 87 cents for 600 Dec 50 calls at noon when shares were near 46.31, followed a minute later by a 95cent purchase of 5000 as shares traded 46.44 Volume is nearly 10x the average daily level in DNKN and this opening trade adds to substantial open interest at [...]
Heavy early call buying in EBAY 54.5 strike. Two sweeps in opening minutes of the day as a buyer paid 75c for 3500 9/12 54.5 calls as shares traded 54.35, and 30 seconds later 3600 Sep 54.5 calls were bought for 99c, also opening. 8300 EBAY calls have traded in first 5 minutes, vs 1100 [...]