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 [...]
Citi sees sizable call spead. The stock is off $1.47 to $49.26 and a Feb 52.5 – 55 call spread trades on the bank for 22 cents, 15850X on CBOE. Looks lke a buyer. The Feb 55s have traded 35000 contracts and volume in the Feb 52.5s is approaching 40K. Overall, the activity seesm to [...]
Bearish trading in UBS AG. The stock is down 9 cents to $20.69 and the top trade on the stock is a 2200-lot of Feb 19 puts for 15 cents per contract on ISE. A customer is buying-to-open, according to ISEE data. 2,520 now traded. Looks like buyers are opening in the Feb 20 puts, [...]
Big print on BofA. The stock is up 12 cents to $17.11 and the Aug 15 – 20 bearish risk-reversal trades on the bank for 12 cents, 20000X on ISE. A customer is buying-to-open, according to ISEE data. If so, the new position is possibly a hedge or collar after the bank reported earnings last [...]
JP Morgan call seller active in first 30mins of the day. 30K calls have traded, vs 5K puts) with a seller of 21K Jan15 70 calls, outright, to open a new position struck 20% out of the money. JPM set all-time highs near 60 last wk, a few days after earnigns.
Busy trading in BofA. The stock is up 2.6% to $17.20 in heavy turnover of 286.5 million shares in the wake of the company’s earnings report. More than 1.2 million options traded on the bank. Recent trades include a sweep 12,000 Jan 17.5 calls for 9 cents per contract when the market when the market [...]