Microsoft (MSFT) is flat at $23.91 and recent trades include an Oct 25 – 27 call spread at 32 cents, 5000X on CBOE. Looks like a buyer initiating the trade and the spread has been repeated multiple times. Now volume (register to read more …) [...]

read more from this topic.....

Bullish flow detected in Anadarko Petroleum (APC), with 23,850 calls trading, or 2x the recent avg daily call volume in the name. Shares are up $1.81 to $50.50 after The Australian published a story saying that APC is on BHP’s (register to read more …) [...]

read more from this topic.....

Reserach In Motion (RIM) adds 65 cents to $43.49 and options action is brisk Wednesday morning. About 22,000 calls and 7960 puts traded in the first hour. Overall sentiment seems a lot more bullish than the day before. October 47.5 (register to read more …) [...]

read more from this topic.....

Cisco Systems (CSCO) touches a new 52-week low and was recently down 21 cents to $20.11. One strategist seems to be looking for a rebound and initiated an Oct 16 – 24 bullish risk reversal, collecting 2 cents, 5500X on (register to read more …) [...]

read more from this topic.....

BofA (BAC) is up 16 cents to $12.48 and a noteworthy spread in recent trade is a Jan 2012 17.5 – 25 call spread, apparently bought at 48.5 cents, 10000X on PHLX. It was tied to shares at $12.40 and (register to read more …) [...]

read more from this topic.....

Genzyme (GENZ) adds $2.50 to $70.12 and 37,000 calls traded in the biotech after the company rebuffs Sanofi’s $69 per share cash offer. September 70 and 72.5 calls have both traded more than 11000X and are today’s most actives. Some (register to read more …) [...]

read more from this topic.....

The top equity options trades so far on a very slow Monday are in Citi (C) after a stretegist paid 12 cents for the Jan12 2.5 – 7.5 bearish risk reversal, 15500X on PHLX. It was tied to shares on (register to read more …) [...]

read more from this topic.....

Shares are off 50c to $26.65 and notable volume in the September $25 puts and $30 calls as block of 6,700 trade in each (total of 14,000 now) in what appears to be bullish risk/reversal (bought calls and sold puts) (register to read more …) [...]

read more from this topic.....

Campbell Soup touches a new 52-week high of $37.52 and notable trade in the September $36 puts as a 9,400 lot block trades at the 15c bid in what appears to be an opening sale. Prior open interest in the (register to read more …) [...]

read more from this topic.....

Trading was busy this morning. Volatility picked up shortly after the opening bell as investors reacted to a revenue warning from Intel. However, a rebound in shares of the chipmaker along with soothing words from Fed Chairman Bernanke helped lift (register to read more …) [...]

read more from this topic.....