Large Cap Stocks
8X daily average volume, as 94,000 calls and 5,300 puts traded in Yum Brands. The stock is up 2.3% to $81.22 after a midday rally to $82.47 on news the company has implemented a proxy amendment to its by-laws, which apparently makes it easier for long-term shareholders to get on the company’s board. Investors ate [...]
Sizable call write in Sysco as shares drop 13 cents to $39. The investor sells a 17310-lot of Aug 41 calls on the food company at $1.275. 5000 more were sold later at $1.275. More than 24,000 traded and the opening action might be overwriting against a stock position. Separately, an investor bought the May [...]
American Airlines attracts a big spread trade. The stock is down $1.15 to $48.20 and the Mar 50 – 52.5 call spread on the airliner trades for 67 cents, 10000X. It appears to be a buyer and maybe a new position in anticipation of a rebound in AAL over the next few weeks. The stock [...]
Bank of America short-term call volume heavy for second day. BAC options on track for nearly 700K contracts today on the heels of yesterday’s 560K day which was double the typical daily volume in the name. Weeklys expiring in the next two weeks have been the focus, with 63K Mar. 13 16.5 calls opened yesterday [...]
Repeat action in Macerich. Shares are up $1.3 to $83.50 and a 3500-lot of Mar 90 calls on the retail REIT are bought for 55 cents per contract. 5,181 traded total and the flow might add to open interest (11,683), which saw a notable increase last week after buyers opened positions for 70 cents (see [...]
Sweep call buyer in Host Hotels April upside. Customer paid 20c for 4000 April 22c a few seconds ago when shares were near $20.95. Opens and is well above the typical daily call volume in the name. July 21 calls now being bought for $1 500x, also opening.
Noteworthy options flow in Nokia. With shares down 2 cents to $7.98, 3,927 of next week’s 8-strike calls are swept across multiple exchanges for 11 cents when the bid-ask was 10 to 11 cents. 7,226 traded total and the market is now 12 to 14 cents. Open interest is 470. The 3/6 Weeklys do not [...]
Whale of a trade in GE Friday morning. With the stock flat at $25.90, the Jan2017 30 – 35 call spread on GE is bought for 52 cents, 125000X. The new position doesn’t appear to be tied to stock and offers a max payout if shares rally to $35 through early-2017, or a 23-month 35.1% [...]
Sandisk spikes higher. The stock is up 3.2% to $80.50. Looks like 600 Weekly (3/3) 78.5 calls were swept for $1.85 just before the uptick. 2500 traded.
Active trading in Facebook expiring options. Relative strength in shares of the social media company continues, as it adds 73 cents to $81.14. FB is up 3.4% since Tuesday. Weekly (2/27) 81 calls on the stock have traded 5,125 contracts. Weekly (2/27) 80.5 and 81.5 calls are seeing interest as well. It appears that buyers [...]