Seeing some interest in Dollar General (DG) late-Wednesday. The stocks is ticking hgher and is up 21 cents to $47.97. Recent options trades include a 1000-lot of Aug 50 calls for $2.85 when the market was $2.70 to $2.85 and, a few minutes prior to that, 2725 Aug 52.5 calls for $1.95 when the market [...]
Walgreen’s (WAG) adds $1.78 to $42.82 after UBS upgraded the stock to Buy from Neutral. Recent options trades on the stock inlude an Apr 42 – 43 call spread, sold at 58 cents, 10000X. The activity probably rolls a position in Apr 42 calls (sold today at$1.60) opened on 2/6 for $1.03. The action at [...]
J C Penny call volume spiked on a 4way that traded on the CBOE a moment ago. Initiator bought 2500 May 17 calls for $1.02 and bought 5000 Jan 25 calls for .85 against a sale of 10k july 20c .79 and 2500 May 20 calls for 42cents. July sale is opening a new position, [...]
Notable pre earnings put buyers in Aeropostale early today. More than 5000 March 13 puts were bought in a number of sweeps with shares near 14.48 at an avg price of 23.4cents and the flow appears to add to purchases made last wk for 55cents. Earnings due tomorrow post close and straddle above 9% suggests [...]
JC Penney (JCP) is up 48 cents to $15.53 in active trading of 8.7 million shares and options on the retailer are busy this morning on talk the company’s CEO Johnson might resign — Briefing. The unconfirmed chatters seems to be the catalyst for the higher volumes in JCP today. 38,000 calls and 10,000 puts [...]
Dicks Sporting Goods (DKS) is down $4.75 to $45.85 on earnings and recent options trades on the sporting goods retailer is a three-way spread. The investor apparently sold Jan 38 puts to buy Jan 45 – 53 call spread, paying $1.30, 2000X, to open.
TJX is flat at $44.91 and an investor sells a Mar – Apr 45 call spread on the stock at 60 cents, 30000X. The activity probably rolls a position in March 45 calls for 30 cents, which was opened mid-Feb at $1.05 (and rolling out of Feb 45 calls — see 2/15 color). Meanwhile, a [...]
Petsmart share near 63.14 (after a 6.6% earnings hit last wk) and a customer has been active in the March 60-65 putspread today, collecting 1.95 for a total of nearly 2200 spreads, likely closing positions opened in January for 2.10 when shares were near 64.21.
Implied volatility in Dicks Sporting Goods (DKS) is moving higher ahead of earnings, due Monday morning. The stock is down 90 cents to $49.46 in active trading of 2.3 million shares and investors are opening positions in March 50.5, March 53.5, and April 50 calls on the stock. Total volume is 6,600 calls and 850 [...]
Copart (CPRT), a Dallas, TX auto dealership company, is up 6 cents to $32.21 and recent options trades on the stock include a sweep of 1,113 May 35 calls for 60 cents per contract when the market was 40 to 60 cents. 1,495 contracts traded, against 1,090 in open interest. The increased activity comes after [...]