Large Cap Stocks
Micron (MU) adds another 56 cents to $13.31, new multi-year highs, and an investor sells 16000 Oct 12 calls on the stock at $2.43 to buy 18,000 Oct 14 calls for $1.41. Open interest in the Oct 12s is 57.6K and so today’s activity in the contract is possibly closing. We noted large buyers opening [...]
Williams Companies (WMB) drops 91 cents to $33.12 on talk of a plant explosion (Reuters) and one investor apparently sees the weakness as an opportunity for a bullish three-way spread, selling 2500 Jan 30 puts on the natural gas producer at $1.80 to buy 2500 Jan 40 – 45 call spreads for 60 cents.
Intel (INTC) is up 47 cents to $25.71 in active trading of 38.5 million shares, as investors react to the company’s new product offerings being displayed at Computex, which takes place in Taipei in 2013. Options on the stock are seeing a day of heavy trading as well. 176,000 calls and 112,000 puts so far. [...]
VALE drops 39 cents to $14.82, new 52-week lows, in active trading of 13.5 million shares and options volume on the Brazilian metals and minerals company is running 2.5X the daily average. 38,000 calls and 10,000 puts so far. June 17 calls, which are 14.7 percent OTM and expiring in three-and-a-half weeks, are the most [...]
Serious put purchase in SIRI as an investor just bought 41,000 Jun 3.5 puts on the satellite radio operator for 14 cents per contract. The position is opening and not tied to stock. Shares are down 4 cents to $3.50 and more than 50K of these at-the-money puts traded against 3,755 in open interest. No [...]
Micron (MU) continues its climb to two-year highs and is up 44 cents to $11.67 in brisk trading of 13.4 million shares. In options action, an 8,400-lot of July 13 calls trades on the stock for 31 cents, followed by another 5,000-lot for 33 cents. More than 15,000 now traded against 9,845 in open interest. [...]
TD Ameritrade (AMTD) is off 25 cents to $22.32 and 47,000 Aug 23 calls are sold on the online broker, down to 80 cents per contract. Separately, 25,600 Jan 26.5 calls traded on the stock for 65 cents per contract. Like last week, the flow seems to be rolling of positions opened in early-March, when [...]
Qualcomm (QCOM) is up 79 cents to $66.43 and a 9,100-lot of Jun 67.5 calls trades on the stock for 62 cents per contract on ISE. A customer bought, to open, according to ISEE data. More than 14,000 traded. July 70 calls were apparently being bought on the stock yesterday, creating 12K in open interest. [...]
Regions Financial (RF) adds 7 cents to $9.02 and a Jun 9 straddle is sold on the stock at 45 cents, 10000X. Looks like a new position in antcipation of rangebound trading for RF for the next five weeks.
GE is up 2 cents to $23.29 and May 23.5 calls on the stock are seing opening activity, even as the contract has less than two hours of life remaining. 12,850 traded against 2,044 in open interest. Looks like buyers paying 2 pennies. The market is now 2 to 3 cents.