Santander sees a hefty premium sale. The stock is off 3 pennies to $8.86 and 36,000 Jan 10 calls are sold on the Spanish bank at 22.5 cents. 37,770 traded on the day. Open interest at that strike is 96,380 and most were opened in the summer 2013. For instance, buying was noted for 50 [...]
Opening and closing in Ocwen. The stock is up 72 cents to $39.35 and it looks like the investor is selling 17500 Apr 30 puts on the mortgage loan company at 25 cents and buying 14900 Apr 35 puts for $1.10. The 35s open and the Apr 30 puts probably close from 2/20 when the [...]
Sizable spread in Citi options. The stock is off 49 cents to $47.94 and the investor was buying the Apr – May 55 calls spread on Citigroup for 15 cents. Looks like they’re paying 25 cents per contract to open about 20,000 May 55 calls, while closing a similar block of Apr 55s at just [...]
Bullish trading in Bank of New York options. The stock is up 69 cents to $33.45 and a 9045-lot of Sep 35 calls trades on the bank for $1.08 when the market was $1.07 to $1.08. After that, some smaller lots traded for $1.10 and $1.15 on ISE. A customer was buying-to-open, according to ISEE [...]
Opening activity in Ocwen. The stock is down 82 cents to $35.43 on news the company raised less-than-expected at a bond sale. Afternoon trades on the Atlanta, GA savings and loan include a 16500-lot of Apr 30 puts for $1.185 per contract. it’s an opening buyer.
Bullish combo in JP Morgan 2016 options. The investor sold the Jan16 55 – 60 risk-reversal on JPM at $2.5, 3000X. It looks opening and we’re hearing it is the same investor that initiated a similar, but larger, trade in BofA today (see this morning’s BAC color).
BofA sees big prints in 2016 options. The stock is up 14 cents to $16.82 and it looks like the Jan2016 15 – 20 bullish risk-reversal is sold on the bank at 15 cents, 10000X. It might be closing or maybe an opening position for upisde exposure in the name for 2014-2015.
February put spread seller in Wells Fargo. The stock si down 54 cents to $44.78 and the investor sold the Feb 44 – 45 ps on the bank at 45 cents, 12780X. It might close a position in Feb 45s (at $1.07 today) that was opened on 1/23 for 39 cents.The stock is down 3% [...]
Citi sees additional spread trading. A Mar 52.5 – 55 call spread was bought on the bank for 30 cents yesterday afternoon, 12750X. It was opening. Today, with shares down 4 cents to $48.03, Jan 40 puts on Citi were sold to buy the Jan 50 – 52.5 call spread. 1.65 was paid of the [...]
Another sizable trade in Citi options. The stock is down 46 cents to $48.89 and the investor is apparently buying 37,500 Apr 52.5 calls on the bank and selling 75,000 April 57.5 calls. If so, they’re paying 62 cents to open a new 1X2 call ratio spread and seem to be expressing the view shares [...]