Large Cap Stocks
Walmart adds 76 cents to $75.72 and a 10000-lot of Oct 77.5 calls on the retailer is bought for 47 cents per contract. Open interest is 3,727. Company reported earnings a week ago and the Oct expiration does not capture the next report.
4,180 calls and only 44 puts traded in CenturLink. The stock is up 55 cents to $41.34 and 1,938 Sep 42 calls traded in the name. Another 1,000 Sep 40s also changed hands. The flow appears to include a mix of buying and selling. The increased call activity is possibly in reaction to speculation the [...]
While JPM Jan 60 calls are drawing interest, 4,964 Jan 52.5 calls on Wells Fargo are swept across multiple exchanges for $1.19 when the market was $1.10 to $1.19. More than 5,000 traded at that line.
JP Morgan Jan 60 calls traded for $1.40, 11540X. The stock is up 14 cents to $57.83 and total volume at that strike is 12,628 contracts, a new high volume day for that contract. Looks like buying. Open interest is nearly 50K.
Alcoa attracts an opening call writer. With the stock up 12 cents to $16.55, a 13000-lot of Sep 16 calls on the aluminum-maker is sold at 81 cents. 13,500 traded total against 7,351 in open interest. Weekly (8/22) 16, Sep 17, Sep 17.5, Sep 16.5, and Jan 17 calls on Alcoa are also seeing interest [...]
Sizable spread in CBS. The stock is down 26 cents to $60.48 and the Dec 65 – 70 (1X2) call ratio spread trades on the media company for 65 cents, 6600X. If opening (the Dec 65s might close), the new position is targeting a move to $70 through the December expiration. The stock’s 52-week high [...]
Microsoft is off 36 cents to $44.97 and an investor sells 9,500 Sep 44 calls on the software-maker at $1.42 to buy 12,000 Oct 45 calls for $1.18. The ratio spread might roll a position a block of calls out one month and up one strike. Separately, Oct 48 calls on MSFT are apparenty being [...]
Astrazeneca attracts a put buyer. The stock is up 44 cents to $70.96 and a 10000-lot of Oct 65s on the drug-maker is bought for $1 per contract. It might close one leg of an Oct 65 – 75 bullish risk-reversal opened 10000X three months ago when the stock was near $72 (see 5/20 color). [...]
Opening call buyer in Best Buy. With the stock up 35 cents to $31.10, a 7,900-lot of Weekly (8/29) 31 calls on the electronics retailer is bought-to-open for $1.40 on ISE. 12,300 traded at that strike. The options capture an 8/26 profit report.
Dollar General draws a call seller. The stock is off 4 cents to $63.55 and a 15000-lot of Nov 62.5 calls on the retailer is sold-to-close at $4 on ISE. It might cover some of the positions opened late-June when a large 62K block was bought for $2.35 (see 6/30 color). The stock is up [...]