Extremely high put:call ratio in United Air Lines this morning as a buyer paid 35cents for nearly 5000 19% out of the money May 26 puts to open a new position. Might hedge some gains given the $7 share price climb over the past month.
Lululemon (LULU), which lost nearly 9 percent last week on earnings results and news of a product recall, is up 74 cvents to $63.09 early-Monday and a bullish three-way is apparently opened on the athletic apparel-maker, with an investor apparently selling 4,000 Jan 50 puts on LULU at $3.52 to buy Jan 62.5 – 72.5 [...]
Bullish early flow in Ebay this morning as a buyer pays 29 to 30cents for nearly 2500 55 strike calls that expire this Thursday (since Friday is a holiday).
US Airways (LCC) drops 4 cents to $16.96 and a Sep 7 – 10 put spread is bought on the airliner for 22 cents, 20000X. The position looks opening and stands in stark contracts to the flow seen earlier this week in LCC, which was driven by opening positions in Aug 16 calls (see 3/19 [...]
Delta Airlines (DAL) notched new 52-week highs today, but is now down 18 cents to $16.89 and call options on the stock are busy for a second day. Looks like a Sep 18 – 22 call spread was bought on the airliner for for $1.03, 3500X, to open and is possibly rolling out of Sep [...]
Corinthian Colleges (COCO) adds 3 cents to $2.19 and early trades on the for-profit education company include a sweep of 1381 May 2 calls for 35 cents when the market was 30 to 35 cents. Looks opening. Aug 3 and Jan 2.5 calls are seeing some interest also.
Disney (DIS) adds 69 cents to $57 and is one of 25 Dow stocks moving higher, with 30 min left to trade Wednesday. On the options front, noteworthy activity is being seen in the 2015 call options on Disney. An investor buoght 25,000 Jan 75 calls on the stock for $1.18 and bought 25,000 Jan [...]
Thomson Reuters (TRI) is up 40 cents to $32.34 and several small lots of May 35 calls traded on the stock today for 20 to 30 cents before a 4890-lot printed for 35 cents. 5170 now traded against 9 contracts of open interest. Bullish trading comes ahead of the news company’s May 22 Investor Day.
Delta Airlines (DAL) adds 46 cents to $17 and is notching new 52-week highs today in active trading of nearly 10 million shares. Meanwhile, 21,000 calls and 1,700 puts traded on the airliner. The top trades are two blocks of 4340 (8680 total) Sep 17 calls for an average of $1.875 per contract when the [...]
US Airways (LCC) is up 36 cents to $17.14 and an Apr 15 – 16 call spread is sold on the stock at 80 cents, 10000X. The stock is at a 52-week high and the activity looks like rolling up in strikes — repeat of yesterday (see 3/19 color).