Large Cap Stocks
Twitter options volume twice normal with earnings an hour away. On pace for 400K contracts today with calls leading puts 4:3 and 61% of today’s volume in weeklys that expire this Friday. Shares near 48.60, the center of their 52wk range of 30.50 to 73.31, and today’s volume is on track for the best since [...]
Afternoon action in Allergan. With the stock up $1.13 to $179.32, 1,807 Apr 200 calls on the biotech traded for $7.10 and 4,217 also traded for $7. The market was $4.30 to $7.10. The activity is opening. 1500 Nov 170 calls on AGN also changed hands today. Stifel was out with bullish commentary on the [...]
Massive block trades print in KinderMorgan calls on PHLX. 50k Jan 40 calls were crossed at the midmarket price of 85cents just before 3pm when shares were near $38.20, followed a few minutes later by a cross of 25k Jan 37.5 calls for $1.88 (3cents above mid) made by interdealer broker ICAP. Both blocks appear [...]
Long-term bull in Barrick Gold. With shares up 34 cents to $15, a 20000-lot of Jan2017 25 calls on the gold miner is bought-to-open for 76 cents, to open.
Ratio spread trade in Transocean. With shares up 12 cents to $32.09, an investor sells 10,000 Nov 35 puts on the oil driller at $3.825 and buys 23,458 Nov 27 puts for 40 cents each. The investor also sold 313K shares. Both legs of the spread are opening and, if so, the activity is expressing [...]
Call buyers driving heavy volume in Occidental Petroleum. 23K calls have traded in opening 90 minutes with half the flow in Oct 100 calls, bought in a few sweeps from 45 to 50 cents as shares traded near $96 at 10:34ET. Later flow paid up to 70cents as shares traded 96.65. Opens a new position [...]
HIgher call volume in Hewlett Packard driven by sweeps of Weekly (10/31) 35.5 calls across multiple exchanges. 8,601 traded for 97 cents when the market was 85 to 97 cents and then another 1,400 printed for 97 cents when the market had lifted to 97 to 98 cents. 10,125 traded at that strike against 289 [...]
Ford Oct 15 calls draw early interest after the auto-maker reports a 2.7% drop in sales for September. 6,435 traded, including a sweep of 6,424 contracts for 26 cents when the bid-ask was 18 to 26 cents.
CBS Option volume double normal with bullish bias. Shares little changed near 54.21 and several large sweeps hit the market this morning, including a buyer of 2200 Nov 55 calls at 2.10, followed with another 2000 at 2.08 a bit later which the ISE shows as opening customer buyer. October 52.5 puts also active, with [...]
Call volume 50x normal in Expedia as shares lift 60cents to $87.20. 20K calls have traded in the opening half hour, vs 500 puts, as October implied vol lifts 2 points to nearly 26%. Nov 92.5 calls dominate the flow, with 11K trading at an average price of 2.88. Largest tranche was a sweep of [...]