Regions Financial (RF) adds 7 cents to $9.02 and a Jun 9 straddle is sold on the stock at 45 cents, 10000X. Looks like a new position in antcipation of rangebound trading for RF for the next five weeks.
Mitsubishi UFJ Financial Group (MTU) adds 11 cents to $6.93 and a 1550-lot of Aug 7.5 calls trades on the stock for 30 cents when the market was 20 to 35 cents. 1,850 traded and probably replacing the 1,174 contacts of open interest in May 7.5 calls that are set to expire worthless. Nov 7.5 [...]
Regions Financial (RF) is up a dime to $9.10, multi-year highs, and options on the bank are seeing active trading. 14,000 calls and 2,400 puts so far. May 9 calls are the most active. 3,920 traded. Jun 9, Jan 10 and May 8 calls are also seeing interest and 30-day implied volatility is up 14 [...]
Ocwen Financial (OCN) is up 7 cents to $43.27 and climbing to new record highs amid relative strength in the sector Tuesday. Recent options trades on the Atlanta, GA savings and loan include a 6,600-lot of Jun 40 puts for an average of 62.5 cents per contract. Volume is approaching 9,000 and will create the [...]
JP Morgan (JPM) drops 26 cents to $48.78 and May 48 puts on the bank are seeing interest today. Recent trades included a 10626-lot for 26 cents per contract when the market was 24 to 26 cents. A 12,000-lot traded earlier today for 27 cents per contract. More than 27K now changed hands against 36,333 [...]
JP Morgan (JPM) is down 43 cents to $49.33 and one of 15 Dow stocks trading lower on a day of mixed trading Thursday. Recent options trades on the bank include an 8000-lot of Dec 57.5 calls, bought for 51 cents per contract, to open.
National Bank of Greece (NBG) is up 22 cents to $1.13 and call options on the stock are flying off the shelves like a fresh batch of Baklava. Volume in the Aug 1 calls is approaching 65K contracts. The top trade is a 5,163-lot for 30 cents when the market was 25 to 30 cents. [...]
Wells Fargo (WFC) adds 31 cents to $37.65 and a longer-term bull is opening a position in 20,000 Jan2015 40 calls on the stock for $2.56 per contract on ISE. A customer bought the calls, according to ISEE data, and the hefty premium purchase looks tied to 820K shares for $37.29 — possibly stock replacement [...]
Ocwen Financial (OCN) is up 79 cents to $36.20 and one player sold 7,500 May 35 puts on the stock, down to $1.70 per contact, to open. Looks like May 37.5 puts are being sold as well, possibly closing, and 30-day implied volatility in the options on the Atlanta, GA savings and loan is down [...]
BofA leads the single stock option space this morning with shares up 3% to $12.08 following an upgrade by Morgan Stanley. 12 strike calls that expire Friday lead the flow, with nearly 35K trading at an avg price of 13.2cents and bullish buyers leading the charge. Largest block was a more defense move, as an [...]