Industrial Goods & Services
Caterpillar Inc (CAT) Helps Lift Dow to 15K
Caterpillar (CAT) adds $2.52 to $86.78 and is the Dow’s best gainer, helping to lift the 117-year old stock market average beyond 15,000 for the first time ever. One investor in the options market might be looking to hedge recent gains in CAT, as it appears that 16,100 May 87.5 calls are sold on the [...]
Power One Inc (PWER) $6.33 +56.81%
ABB’s $6.35 per share cash deal to buy Power-One has shares up 56% to the deal price and at least one option trader out there appears to be about $140,000 richer after a well-timed purchase of about 1300 July 5 calls last Thursday for 20cents when share were at 4.02.
Waste Management (WM) $38.45 -0.65%
Waste Management put volume spiked early today as a buyer paid 95cents for 5000 at-the-money May 39 puts in a few sweep order just after 10am when share were near 38.65. Opens a new position in advance of earnings, due April 30th. Shares not far below the 52wk high set earlier this month. Today’s put [...]
Accenture Plc New (ACN) $75.67 -1.34%
Accenture (ACN) is down $1.07 to $75.63 and falling to session lows in late-day trading. Put activity has picked up in recent action as well. A sweep of 2200 Apr 75 puts traded for 21 cents, followed by smaller lots for 30 and 35 cents. Looks like buying on concerns about further losses for the [...]
FLIR Systems Inc (FLIR) $24.61 -0.69%
FLIR Systems (FLIR) is off 16 cents to $24.62 and an Apr 25 – May 24 put spread trades on the Wilsonville, OR aerospace company for 15 cents, 1000X. It probably rolls a position in Apr 25 puts (at 40 cents), that was opened on 2/8 for 55 cents, the day after the stock saw [...]
Iron Mountain Inc (IRM) $37.13 -1.72%
Iron Mountain (IRM) is off 67 cents to $37.11 and one investor sold 3260 May 37.5 calls on the stock at 90 cents to buy 2870 Jul 35 puts for $1.15, possibly a type of collar strategy to protect a stock position ahead of the Boston, MA business software developer’s earnings, due out around Apr [...]
ADT Corporation (ADT) $44.10 -2.02%
ADT drops $1 to $44.01 and it looks like an investor sold 7000 May 47 puts on the stock at $3.50 per contract to buy 15,000 Oct 43 puts for $3.10. Open interest in May 47 puts is 10,579, largest in the name, and the contract is $3 in-the-money. Most were opened on 3/22 and [...]
General Electric Company (GE) $23.03 +0.44%
Very quiet day for traders today, with options markets on track for barely 10.5Million contracts, 28% below normal setting us up for the slowest day of 2013. Telecom, Materials, and Energy sectors are seeing near or above normal flow, while the normal leaders- Technology and Financials are very slow, nearly 35% below normal pace. Largest [...]
Avago Technologies Ltd (AVGO) $34.47 +0.47%
Avago Tech (AVGO), the Singapore-based chipmaker, is up 18 cents to $34.49 and options volume on the stock is 8X the daily average, being led by a 3400-lot of May 32.5 puts for 70 cents on ISE. An investor bought the puts, to open, according to ISEE data. 4,300 contracts now traded and might be [...]
Iron Mountain Inc (IRM) $36.28 +0.72%
Iron Mountain (IRM) adds 22 cents to $36.24 and recent options trades on the software-maker include an Oct 37.5 – 45 call spread, bought for $1.75, 5000X. The same spread traded 5400X yesterday and was opening (see 4/1 color). Today’s activity appears to be a repeat and the activity is creating the largest blocks of [...]
