Large Cap Stocks
Coke Nov 42 calls are swept for 63 cents across multiple exchanges, 13579X. The market was 57 to 63 cents. The opening position comes as shares slip 10 cents to $41.50 and 30-day implied vols hover around 52-week lows of just 9.5%.
Freeport McMoran sees mixed options action. The stock is off 53 cents to $35.90 and one player sold 6,000 Sep 37 puts on the gold and copper miner at $1.465 to buy 9,000 Sep 35.5 puts for 56 cents. The 2X3 appears to roll a block of puts from the in-the-money Sep 37s to near-the-money [...]
Higher call volume in Hertz. The stock is off 3 cents to $30.71 and is moving off session lows of $30.09 on unconfirmed chatter that the company’s CEO might be stepping down (Briefing). Sep 30, 31, and 32 calls are the seeing the bulk of the flow. 9,239 calls and 470 puts traded on the [...]
Twitter with relative strength and higher call volume. The stock is up $1.08 to $49.14 after hitting a morning high of $49.52 on increasing volume of 8.6 million shares. Briefing attributes the strength to positive commentary from BofA/Merrill. 67,000 calls and 22,000 puts already traded on the social media company. Sep 48 calls have traded [...]
Early put buying in EBAY. The tock is down 1.4% to $55.11 and one player bought a 9,500-lot of Weekly (9/12) 54 puts on the online auctioneer for 37 cents and 2,000 for 35 cents. 11,585 traded total against 1,092 in open interest. Weekly (9/12) 55 and Weekly (9/12) 55.5 puts are seeing opening activity [...]
Second day of interest in Cheniere Energy. A 14000-lot of Oct 80 calls on the liquefied natural gas company was opened yesterday for $2.875 per contract (see 8/26 color). The stock is up 64 cents to $78 today and one investor sells 4,500 Sep 60 calls on LNG at $17.80 to buy 10,000 March 80 [...]
Halliburton sees higher volume. The stock is down 1.8% to $69.53 in active trading of 13.6 million shares. One player in the options market bought a 10000-lot of Sep 70 calls on the oil driller for 70 cents per contract. 11,127 traded at that strike against 8,846 in open interest. Weekly (9/26) 69.5 calls, Oct [...]
Ameritrade attracts a deep out-of-the-money put buyer. With the stock down 43 cents to $33.13, a 9300-lot of Jan 17.5 puts on the online broker is bought for 5 cents per contract. It might close, as open interest is 24,500 and the contract is 31.6% out-of-the-money.
Relatively active trading in Yahoo as shares move to 52-week highs. The stock is up 39 cents to $38.18 on increasing volume of 20.5 million shares after Alibaba disclosed better-than-expected Q2 results. On the options front, one player bought-to-open a 10000-lot of Jan2016 35 calls on Yahoo for $7.60 per contract. Another noteworthy trade is [...]
BHP Jan 15 puts trade at 34 cents, 11300X. The stock is up 49 cents to $69.62 and the block appears to be part of a larger theme: of closing put sales in the metals and minerals names. See VALE and RIO color today as well.