Large Cap Stocks
Top trades in Apple today are part of a three-way spread. The stock is up 7 cents to $101.86 on a quiet day for Apple as BABA grabs all the headlines. On the options front, an investor bought 20,000 Oct 95 puts on AAPL for 48 cents, bought 20,000 Weekly (10/24) 103 calls for $2.64, [...]
Dr. Pepper draws increased options activity. With the stock up 53 cents to $63.90, 6000 Nov 70 calls traded on DPS for 59 cent s per contract and then another 5,800 for 65 cents (then 5755 were canceled). Nevertheless, more than 9000 traded at that strike and the market is 70 to 75 cents.
Yahoo Options set new volume record as BABA completes IPO. 1.3M contracts have traded at midsession which puts YHOO on track for well over 2million contracts- beating the 2008 record by 50%. Calls lead puts consistent with the runnup into the BABA IPO over the past two weeks.
Bearish flow in Medtronic. The stock is up 29 cents to $66.82 and Weekly (9/26) puts are drawing noteworthy interest today. The top trade is a 3000-lot of 65-strike puts for 16 cents on CBOE when the bid-ask was 6 to 16 cents. It opens. 3,340 traded at that strike. The next biggest trade is [...]
Possible pin play in EBAY. Expiring Sep 53 puts trade more than 25K. The stock is up 30 cents to $53 and the contract is at-the-money. Open interest is 27,450 and the market is 27 to 30 cents. At-the-money Sep 53 calls have traded 4,157 against 6,599 in open interest. Market is 25 to 29 [...]
Call buying continues in Coke. Sep 41.5 calls on the beverage company saw notable interest earlier this week (see 9/17 color). Now, with the stock up 7 cents to $41.86, a 12,600-lot of KO Jan 45s is bought for 25 cents per contract. 21,700 traded at that strike and, while open interest is sufficient to [...]
Oracle is down 4.6% to $33.64 in active trading of15 million shares on earnings and news that Larry Ellison is stepping down as CEO. Early options trades on the software-maker included a 12000-lot of Weekly (9/26) 39 puts for 18 cents when the bid ask was 16-18 cents. It’s possibly closing from 8/15 when the [...]
Expiring Pfizer Sep 31 calls see a big early print. With shares flat at $30.76, a 130,000-lot is sold at a dime per contract. Open interest is 146,950 and the sale probably covers a position opened two months ago when a hefty Sep 31 – 32 cs on PFE was bought for 27 cents (see [...]
Large sweep buyer in Devon Energy short-term calls. Buyer paid 48cents for 2460 9/26 73 calls as shares traded 71.81 early in the day. Opens a new position struck 1.7% above spot, expiring in a week. Call volume was heavy earlier this week as well, with a buyer of Sep 71 thru 72 strike calls [...]
Trade Alert open interest numbers indicate that new positions were opened in Monsanto Oct 115 puts yesterday. Looking at the top trades on the chemicals company from Thursday, a Sep – Oct 115 put spread traded on Monsanto in afternoon trading for $2.27, 11000X on ISE. With shares closing at $115.49, the spread was rolling [...]