Dollar Thrifty (DTG) lost 10 cents to $48.05 yesterday and the Sep – Oct 55 call spread traded at 42.5 cents, 5000X in midday trading Monday. Open interest data indicates a roll from one month to the next. Shareholders are (register to read more …) [...]

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International Game Tech (IGT) is up a nickel to $15.12 and options volume is 16X normal, being driven by a Sep 15 straddle, apparently sold at 90 cents, 12500X on PHLX. Looks like an opening play based on expectations for (register to read more …) [...]

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Shares of Dollar Thrifty shares are up 40c to $47.50 and notable trade is the Aug. $45 calls/ October $40 call spread trades 2,600x in what could be a roll down and out of an overwrite. DTG has been a (register to read more …) [...]

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Madison Square Garden (MSG) shares are up 26 cents to $20.53 and options are active ahead of an announcement from All-Star LeBron James due out Thursday evening. King James is expected to make a decision and potentially head to the (register to read more …) [...]

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Ctrip.com (CTRP), the Shanghai, China travel services company, is down $5 to $33.07 and impled volatility is higher on reports Chinese airlines have cut the commissions paid to travel agents. The news was apparently reported on yicai.com. CTRP was tripped (register to read more …) [...]

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MGM shares finished Wednesday’s session down 41 cents to $9.64 and noteworthy action was seen in January 2012 calls at the 20 strike. Two blocks, one of 3000 contracts and another of 4500, were bought at $1.30 each. A third (register to read more …) [...]

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MGM shares are off 83 cents to $10.17 and options volume is 2X the average daily, with help from a buyer of 20K Jan 2012 $20 calls at $1.30 per contract. While open interest is 26K and enough to cover, (register to read more …) [...]

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Marriott shares are off 80c to $32.95 and notable trade in July $30 puts as 7,000 lot trade at the 45c bid in what looks like an opening sale. The company is set to announce earnings July 14.

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Live Nation shares are up 10c to $11 and notable activity in the July $12 puts as an 8,750 lot (total of 10,025 now) have traded. This matches prior open interest and likely closes a trade opened 3/15 when the (register to read more …) [...]

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Big prints in US Airways (LCC). Shares hit 52-week high and are up 77 cents to $9.41 amid relative strength in the airlines after BofA/Merrill reininstated LCC, UAUA/CAL, ALK, and LUV with Buy ratings. In LCC options, recent trades include (register to read more …) [...]

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