Construction & Materials
Bullish Vertical Spread. Fluor (FLR), an Irving, TX-based heavy construction equipment company, is upÃƒâ€šÃ‚Â $1.29 to $38.41 and one strategist appears to be positioning for a substantial move higher in the share price between now and the July options expiration (99 days). About 45 minutes ago, 5000 FLR July 45 calls traded at the offer for [...]
Vulcan Materials (VMC) is up 19 cents to $36.54 and 13K puts have traded, or about 6X (612 percent) the expected for this time of day. Most of the activity is in the May 35/30 and April 35/30 put spreads. Both traded 3000X. Looks like the same buyer opening bearish positions in April and May.
Fortune Brands (FO) is seeing relative weakness and increasing put volume. Shares are down $1.06 to $18.01 and June, Sep, and Jan-10 puts are seeing heavy trading, with most of the volume trading ask-side. 74 percent of the volume (8,300 contracts) traded on the ISE and sentiment data suggest that 93 percent of the puts [...]
Cemex (CX) out-of-the-money puts are seeing volume for a second day. Open interest in the Jan-10 2.5 puts increased by 29.4K contracts following active trading Thursday. Today, the action continues with volume seen in April, July, October, Jan-10, and Jan-11 puts at the $2.5 strike. Shares are down 20 cents to $4.36.
Sherwin Williams (SHW) is seeing relative weakness and active put buying Wednesday. Shares are down 31 cents to $45.04 after probing multi-year lows just below $44. In options action, 5,270 puts and 450 calls traded, a ratio of more than 11-to-1. March, April and June puts are seeing most of the flow. ISEE sentiment data [...]
Call activity in Mobile Mini ahead of tomorrow morning’s earnings is notably bullish, as shares trade just above $10, after setting a 52w low of $9.63 Tuesday. Buyers are paying 95cents for March 10 calls, with a total of 1769 on the tape, continuing action from Tues when 2050 traded from 75 to 80 cents [...]
Cemex (CX) call volume is running at 11X (1099 percent) the expected for the first hour of trading amid increasing interest in Feb and Mar 10 calls. Looks like buyers, with about 90 percent of today’s 12.8K contracts hitting ask-side. It might be closing trades. Significant OI already exists.
Masco put volume is surging in front of tomorrow morning’s earnings. Shares are near 7.35, down more than $2 in two weeks, and not far above the 52w low of 6.82 set Nov 21. Options flow today is notably bearish, with 12000 puts trading, vs 550 calls. Feb 7.50 puts are leading the activity, with [...]
Cemex (P/C Chart, news) March 7.5 puts and March 10 calls saw increases in open interest of roughly 20,000 each after large blocks traded Monday. For example, shortly after Noon ET, 10,000 March 10 calls traded on the bid for 70 cents and 10,000 March 7.5 puts hit mid-market for 60 cents. Both traded on [...]
Cemex (CX, chart, volatility) Feb and March puts and calls saw significant increases in open interest amid risk/reversal trades. In the Febs, open interest in the 7.5 puts and 10 calls increased by 20K each and in the March 7.5 and 10 calls by 10K each. The strategy here appears to be buying puts and [...]