Large Cap Stocks
Williams Companies Nov – Weekly (12/12) 55 call spread for 99 cents, 12000X. It appears to be rolling a block of Nov 55 calls (at 40 cents today) opened on 10/9 for a VWAP of 91 cents when the stock was near $52. The position is now being rolled to a new bullish position in [...]
Sizable trades in CBS. With shares down 39 cents to $52.49, 27,840 Jan 60 calls on the media company are sold at 45 cents. It appears to be liquidating activity. 31,654 traded total against 58,783 in open interest. Another 24,890 Jan 70 calls also traded, at average price of 7.5 cents and appears to be [...]
Conagra call buyers are back. Nov and Dec 35 calls on the food company were actively traded last week (see 11/12 color). The stock is up 31 cents to $35.26 and new 52-week highs today. The action continues. 1,010 Nov 35 calls on CAG were swept across multiple exchanges for 25 cents when the bid-ask [...]
AT&T attracts a hefty ratio spread. With shares down 15 cents to $35.70, the Feb 32 – 35 (2X1) put spread on the telecomm trades for 48 cents, 10000X. It opens and the spread might be a protective hedge. The max payout from the position happens if shares settle at 32 at the Feb expiration, [...]
Petrobras draws a hefty put write as shares probe 52-week lows. With the stock down 27 cents to $9.06, a 20000-lot of Jan2016 8-strike puts on the Brazilian energy company is sold-to-open at $1.13. The new position is tied to 600K shares at $9.13.
Short-term call buyers in TEVA. Nov 57.5, 58, and 58.5 calls on the pharmaceutical company are drawing interest amid takeover chateter (TheFlyOnTheWall). The stock is up 65 cents to $57.89. Total options volume is 7,570 calls and 580 puts.
Early call buying in Potash amid strength in the ag chemical names (MOS, IPI, AGU). POT i sup $1.04 to $34.83 and early trades on the stock include a sweep of 2,060 Weekly (12/12) 35 calls for 60 cents when the bid-ask was 33 to 60 cents. It opens. Dec 34 calls on POT have [...]
17,000 puts and 3,200 calls trade in graphics chip-maker NVIDIA. The stock is up 4 cents to $19.83 and the bulk of the flow is in the December term, including more than 5,000 Dec 17s. Dec 16, Dec 19, and Dec 18 puts are the next most actives in NVDA and 30-day implied volatility in [...]
Baker Hughes draws a bullish options combo. The stock is up $6 to $65.90 on news Halliburton wants to buy the company for a deal valued at $78 per share, or a 31% premium to BHI’s closing price Friday. On the options front, one player sells 5000 Jan2016 60 – 75 bullish risk-reversals on Baker [...]
Hefty spread in Hess. With the stock down $2.45 to $80.58, the investor is apparently rolling an 11,000-lot of Nov 80 puts on the oil refiner at 80 cents to a new position in the Dec 80 puts for $2.625 per contract. The Nov 80 puts were apparently opened in mid-October, including 7,000 contracts for [...]