Whole Foods (WFM) drops to 52-week lows today, but is now flat at $83.02 and some investors are showing interest May calls on the stock. In-the-money 80.5 calls are the most active and the flow includes a 1720-lot, bought-to-open for $4 per contract, according to data from ISE. 3,540 now traded against 276 in open [...]
Best Buy (BBY) hit new 52-week highs early, but is now down 66 cents to $24.79 and one investor sold 9700 May 25 calls on the electronics retailer at $1.49 and bought 12,000 May 26 calls for $1.13. The activity in the May 26 calls looks opening and the May 25s might cover positions opened [...]
Liberty Interactive (LINTA) adds 20 cents to $21 and Jan 22 calls on the Englewood, CO mail order and catalog company are busy today. Small lots printed for $1.45 and $1.50 this morning, before an investor bought 7600 contracts for $1.50 each. 10,617 now traded against 35 in open interest. The stock is up 6.7 [...]
Pier 1 (PIR) is up 38 cents to $22.21 and a sweep of 900 Apr 23 calls trades on the retailer for 30 cents per contract when the makret was 20 to 30 cents. Looks opening. 1,050 now traded on the day. Possibly upside call buying to play earnings, due out 4/11 (morning).
Funky ratio risk-reversal in OfficeMax (OMX), as the investor apparently sold 8500 May 10 calls on the office supplies retailer at $1.20 and bought 4,200 May 8 puts for 10 cents each. It is opening and probably tied to 850K shares for $11 — a collar trade with in-the-money calls, deep OTM [DOOM] puts.
Someone taking a flyer in Delta Air Lines with nearly 5000 April 15 calls bought for 15cents in a sweep at 10:15AM when shares were near $14. Shares closed above $17 for a few days in March, but took a big hit after releasing weak revenue numbers on April 1.
International Game Technology (IGT) drops 39 cents to $15.86 and call options on the gaming equipment company are seeing interest Friday morning. 5,950 traded (compared to 145 puts). April 17s are the most actives, as a sweep of 3650 contracts traded for a dime across muliple exchanges. Open interest at that strike is 18K and [...]
JC Penney (JCP) sees relative strength this morning, up 35 cents to $15.43, and the top options trade is a 15000-lot of May 12 puts for 30 cents per contract when the market was 27 to 30 cents. It might close some of the positions opened in late-Feb as part of May 12 – 16 [...]
Largest single stock block of the first hour traded in MGM calls on the ISE. Buyer paid 1.06 for 10,000 Jan15 17 calls tied to 12.10 stock to open a new position struck more than 40% above spot.
Ann Taylor (ANN) adds 8 cents to $28.55 and afternoon trades on the New York-based women’s apparel store include a buyer of 3,000 May 30 calls for $1.125 per contract. A bit earlier, a sweep of 1,600 contracts traded for $1.05. More than 5,000 now changed hands against 122 in open interest. SAC disclosed a [...]