Retail
DANG: Unusual Options Activity
Ecommerce China DangDang (DANG) is up 5 percent to $4.56 and in the midst of a DANG one-week 20.9 percent rally. Trading is heavy, with more than 2.3 million DANG shares trading. Meanwhile, there’s an uptick in DANG options activity as well. 6,350 DANG puts and only 200 DANG puts so far. The flow is [...]
Big Move in Barnes and Noble (BKS) Draws Call Buyers
Barnes and Noble (BKS) gapped higher at the open and is up $2.70 to $20.47 on surging volume of 9 million shares after Microsoft (MSFT) said it wants to buy the bookseller’s digital assets of Nook media and a college book joint venture for $1 billion. Options on BKS are seeing brisk trading as well. [...]
GameStop Corp Holding Company (GME) $31.97 +1.88%
Gamestop (GME) is up 57 cents to $31.95 and a 3200-lot of Jun 31 puts is bought on the stock for $2.32 per contract, to open. More than 4,000 now traded against 1,847 in open interest. The stock is up more than 25 percent over the past month and some investors are possibly buying protective [...]
Nordstrom Inc (JWN) $55.41 +0.51%
Nordstrom (JWN) is up 35 cents to $55.48 and a four-legged spread is initiated on the retailer today, as an investor sold 2,000 Jan 45 puts on JWN at $1.43 and sold 2,000 Jan 50 puts at $2.70, to buy the JWN Jan 55 – 60 call spread for $2.23. Looks like an opening position [...]
J C Penney Company Inc (JCP) $14.91 +3.61%
JC Penney (JCP) is up 47 cents to $14.68 and it looks like 20,250 May 12 puts are sold on the retailer at 36 cents to buy 20,000 Jun 14 puts for $1.45. The activity might roll, covering a position in May 12 puts opened on 4/9, when 10K were bought for 58 cents, and [...]
Lowes Companies Inc (LOW) $38.36 -1.44%
Lowe’s (LOW) drops 59 cents to $38.33 and it looks like 2000 Jan 50 calls are sold on the home improvement retailer at 35 cents, to buy Jan 25 – 30 put spreads, for 65 cents, 2000X. A similar trade surfaced on 4/1 when 7000 Jan 50 calls were sold to buy 2000 Jan 25 [...]
Aeropostale Inc (ARO) $13.89 -0.93%
Aeropostale (ARO) drops 12 cents to $13.90 and early trades on the apparel retailer include a sweep of 4,500 Jul 13 calls for $1.75 when the market was $1.65 to $1.80. The market is now $1.70 to $1.75 and the earcly activity appears to be opening call buying in ARO. 5,000 now traded against 577 [...]
Home Depot Inc (HD) $73.29 +1.93%
Home Depot (HD) is up $1.42 to $73.32, new record highs, and the best percentage gainer in the Dow Jones Industrial Average on positive analyst commentary. Midday options trades on the home improvement retailer included a 22,750-lot of May 75 calls, sold for 67 cents per contract, to open. The trade is tied to 705K [...]
Macys Inc (M) $44.68 +0.84%
Macy’s (M) adds 36 cents to $44.67, new 52-week highs, in active trading of 3.5 million shares and options volume on the stock is running 3X the daily average, being led by a May 41 – 44 put spread, bought for 83 cents, 6300X to open. The company is expected to report earnings around May [...]
Rite Aid Corp (RAD) $2.23 +5.42%
Rite Aid (RAD) is up 13 cents to $2.25 and on a two-day 30 percent surge since reporting earnings Thursday morning. On the options front, more than 20,000 Apr 2 calls have traded on the retailer. The top trade is a 1782-lot at 25 cents when the market was 25 to 30 cents. Open interest [...]
