Large Cap Stocks
Increased options activity in Canadian Natural Resources, being led by a buyer of 7,500 Jan2016 40 calls for $3.80. It’s opening and tied to 405K shares at $38.90. Separately, 5,640 Oct 39 calls trade on the oil and natura gas company at a VWAP of $1.09. Open interest is 31 and the market is now [...]
1,985 Nov 70 calls on Range Resources swept for $2.35 across multiple exchanges. It’s an opening buyer, as shares drop $1.80 to $68.20 and 52-week lows.
Pfizer Nov 32 calls for 19 cents, 20000X. A buyer is opening. With the stock up 32 cents to $30.27, the 20 delta option expires in 58 days and captures an Oct 28 earnings report. 20,768 contracts traded at that strike. Nov 30 and 31 calls are drawing interest as well.
Repeat activity in GE Oct 27 calls. 17,000 contracts were recently swept for 7 cents across multiple exchanges. ISEE numbers indicate opening customer buyers. 21,260 now traded and the flow probably adds to positions opened last week for 12 cents (see 9/17 color).
Rio Tinto Jan 45 puts are bought for 93 cents, 9000X. The stock is up 79 cents to $51.72 after dropping 14% since mid-August. Today’s put buying is expressing concerns that the rebound in RIO will be short-lived. More than 10,000 Jan 45 puts now traded against 2,635 in open interest. Bearish trading in the [...]
Micron call buyer lays out $3.5M in opening minutes. Buyer paid 3.45 for 10K MU Oct 29 calls as shares traded 31.88 5 minutes into the day. Earnings tomorrow afternoon, and today’s sweep may double a trade of similar size opened last Friday when a buyer paid 3.35 as shares traded 31.61 late in the [...]
Contrarian call buyers in Transocean early Wednesday. Paid 21 to 22c for nearly 3000 Oct 36 calls in the opening minutes as shares sold off nearly 30cents or 1%. Shares at a new 52wk low.
Dollar General draws a big print. The stock is up 33 cents to $62.30 and moving to session highs. With shares at $61.66, 25000 Nov 67.5 calls on the retailer trade for 95 cents when the bid-ask was 65 to 95 cents. No big stock trades in DG yet today, but 514,000 shares printed at [...]
Nisource call volume heavy for 3rd day with focus on November upside. 11K Nov 42 calls traded in 15 minutes from 45 to 70 cents starting when shares were near 39.36. Largest tranche, 7561 contracts, was crossed near the end when shares were near $39.61. Opens a new position and adds to similar flow seen [...]
Sizable call spread in CBS. With the stock up 67 cents to $55.29 and a Mar 57.5 – 67.5 call spread for $2.47, 20000X. It’s opening and looks untied. The bullish position is being initiated as the stock attempts to rebound from a one-month 9% skid.