Industrials
Harbin Electric Inc (HRBN) $21.00 +9.38%
Harbin Electric (HRBN) is up $1.78 to $20.98 and implied volatility in the options on the stock is falling 34 percent to 96 after the company filed a10K and started mailing proxy metarials for a special meeting for shareholders to vote on the $24 per share cash LBO. 20,000 calls and 26,000 puts traded on [...]
Avago Technologies Ltd (AVGO) $33.17 +0.48%
Avago Technologies (AVGO) is up 8 cents to $33.09 and options volume in the Singapore-based broadline semiconductor company is running 7X the daily average, with 6,540 puts and 550 calls traded in the name so far. The top trade is a 2565-contract block of Nov 30 puts at $1.85 on ISE and an opening customer [...]
Harbin Electric Inc (HRBN) $18.16 -7.44%
Harbin Electric (HRBN) is back under pressure and implied volatility in the options on the Chinese electrical equipment company is moving higher today. Shares are off $1.37 to $18.25. Top options trades in the stock include Oct 10 – 18 put spreads at $1.95, 4400X and at $2.10, 3000X. Looks buyer-initiated and bearish plays in [...]
Frontline Ltd (FRO) $5.84 +11.97%
Frontline (FRO) rallies 63 cents to $5.85 and today’s options volume in the Bermudian oil tanker and bulk shipper is 3X the daily average. 9,075 calls and 150 puts traded in the name so far. The top trade is a 1000-contract block of Jan 6 calls bought-to-open at $1.05 on ISE. Oct 6 calls are [...]
Manitowoc Company (MTW) $7.17 -4.14%
Manitowac (MTW) loses 40 cents to $7.08 and morning trades on the stock include a multi-exchange sweep of 1,250 Mar 10 calls at 75 cents. It’s an opening buyer, according to ISEE data. 2,860 now traded and likely adds to positions opened yesterday, when 15,306 traded and open interest increased by 15,154 to 15,401 –now [...]
Manitowoc Company (MTW) $8.12 -0.75%
Manitowac (MTW) loses 4 cents to $8.14 and morning trades in the farm and construction machinery company include a multi-exchange sweep of 3500 Mar $10 calls at $1 when the market was 85 to $1. Open interest is 247 and 4000 now traded. Players are opening positions in Mar 10 calls on MTW after a [...]
Tyco International Ltd New (TYC) $44.86 +2.65%
Tyco (TYC) adds $1.47 to $45.17 after the company announced plans to split into three separate companies. JP Morgan apparently has a note this morning saying the news is a positive and all three business units could be up for sale (Briefing). TYC rallied 3.1 percent Friday after Reuters reported that United Tech is raising [...]
Coinstar Inc (CSTR) $47.53 -1.98%
Coinstar (CSTR) loses 99 cents to $47.05 and an Oct 40 – 45 put spread is apparently bought on the stock at $1.20, 2000X. The position might roll up in strikes, as open interest is sufficient to cover in the 40s. CSTR is down today, but up 25.7 percent from the 52-week low of $37.43 [...]
Genco Shipping and Trading Limited (GNK) $7.90 -5.73%
Interesting ‘doom’ put activity in Genco Shipping. Paper buying far downside 2.5 and 3 strike puts as shares trade near 7.91. Buyer paid 20cents for 1400 Jan 2.5 Puts, and then 40cents for 700 April 3 puts.
Manitowoc Company (MTW) $9.54 -4.65%
Manitowac (MTW) loses 47 cents to $9.53 and has now suffered a 57 percent loss since April. Recent options trades in the farm and constuction machinery maker include a multi-exchange sweep of 5000 Dec 12 calls at 65 cents when the market was 55 to 65 cents. 5,679 now traded against 13,030 in open interest. [...]
