National Bank of Greece (NBG) is off 3 cents to 69 cents and looks like liquidating activity in Aug 1 calls on the stock. 23,871 traded against 41,259 in open interest (largest block of OI in the name). The top trade is 4579-lot at a nickel per contract when the market was 5-10 cents. Looks [...]
American Agency Capital (AGNC) is down 49 cents to $31.85 and a 20000-lot of May 32 puts trades on the stock for 66 cents per contract when the market was 59 to 65 cents. Tied to 920K shares for $32.10. More than 25,000 now traded against 6977 in open interest. The position is being intiated [...]
SLM drops 28 cents to $20.55 and one investor initiates a four-way trade on the stock, buying 7700 Apr 17 calls on SLM for $3.48 and 7,200 Apr 16 calls for $4.48, to sell the Jul 18 – 20 bearish risk-reversal at 81 cents, 14800X. The activity probably rolls Apr 15 – 17 bearish combos [...]
BofA (BAC) is off 10 cents to $12.06 and the top options trades on the bank today: July 10 – 14 bearish risk-reversal at 2 cents, 15000X on ISE. A firm bought the bearish combo, to open, according to ISEE data. The bank will report earnings Wednesday morning.
Large bullish pre-earnings call spread traded in Wells Fargo this afternoon as a cust bought 38500 May 38-40 call spreads for 52cents as shares traded near 37.70. Earnings tomorrow morning and the trade appears to roll a long call position at the 40 strike (originated on 3/15 as a roll from April to May) down [...]
Ameritrade (AMTD) adds 51 cents to $20.23 and a 29,000-lot of Jan 26.5 calls is bought on the online broker for 27.5 cents per contract. 30,424 now traded against 85 in open interest. The activity is similar to the prints seen last month that created big open interest in Aug 23 calls on AMTD (see [...]
MBIA is up 22 cents to $10.69 and an Aug 13 – 16 call spread is bought on the credit insurance company for 63 cents, 10000X, on the International Securities Exchnage. The investor bought the spread, to open, according to data from ISE. 11,500 Aug 13 calls have now been bought on MBI today. Order [...]
JP Morgan (JPM) is up 30 cents to $48.98 this morning and a big print in the bank yesterday was an Apr – May 47 put spread, sold for 41 cents, 25000X. It probably covers a position in Apr 47 puts (at 30 cents) that was opened on 3/5 for 70 cents. By rolling to [...]
Assured Guaranty (AGO) adds 8 cents to $20.36 and a new position in 5000 of the Jan2015 30 calls is bought-to-open for $1.32 per contract. The long-term position is being initiated after a 43 percent year-to-date surge in the stock.
TD Ameritrade (AMTD) is up 10 cents to $19.43 and puts on the online broker are looking like a tasty trade today. A May 17.5 – 19.5 put spread recently printed on AMTD for 65 cents, 1500X, to open. Apr 19 and 20 puts on AMTD are also seeing interest and 30-day vols are up [...]