Large Cap Stocks
GM drops on monthly auto sales and Weekly puts on the automaker are being bought. One investor bought 20,300 of the Feb 7th 35.5-strike puts on GM for $1.07 per contract. 21,570 traded on the day. Short-term put buying comes after GM reported a 12% drop in January sales.
TEVA draws pre-earnings trading activity. The stock is down 64 cents to $44 and one player bought the Sep 37 – 47 bullish risk-reversal on the pharmaceutical company for $1.25, 10000X. The combo has traded 19000X on the day and the opening activity comes ahead of earnings, due out Thursday morning.
Interesting pre-earnings play in Michael Kors. The stock is down $2.71 to $77.23 and it looks like the investor is selling 72-strike puts to buy 78 – 85 call spreads in the Feb 7 Weeklys and paying 84 cents, 4000X, to open. The new position is being opened ahead of earnings, due out tomorrow morning.
February put spread seller in Wells Fargo. The stock si down 54 cents to $44.78 and the investor sold the Feb 44 – 45 ps on the bank at 45 cents, 12780X. It might close a position in Feb 45s (at $1.07 today) that was opened on 1/23 for 39 cents.The stock is down 3% [...]
Pre-earnings activity in Green Mountain. The stock is down $1.40 to $79.70 and the investor sold the Jun 70 – 90 call spread on the stock and bought the Jun 80 – 100 call spread, collecting $3.20, 2000X. The Jun 70-90 cs is probably closing from 11/21 when the stock was at $71.78 and the [...]
Ford falters and put buyers are active in the wake monthly sales numbers. The stock is down 42 cents to $14.53 today and Weekly (2/7) 14.5 puts are the most actives on the automaker. 5,790 traded against 2,543 in open interest. Another 5,294 Weekly 15 puts traded vs. 1,821 in open interest. Pl;ayers are opening [...]
Call buying on Canadian Natural Resource. The stock is up 1.7% to $32.80 and hit an afternoon high of $33.28, but no immediate headlines on the oil and gas company to explain the relative strength. 22,000 calls and 1,400 puts traded on the ticker. The top trade is an opening buyer of 1,000 Feb 33 [...]
Boeing sees big put spread. The stock is down $1.09 to $125.37 and the investor was apparently selling 6165 Aug 130 puts on the stock at $12.80 and buying 6,562 Aug 115 puts for $6.10. The Aug 130s possibly close from 1/23 when the same contract was being bought for $5.70. The 115s are opening [...]
Big trade in Nextra Energy. The stock is up $1.29 to $92.19 and the investor is apparently selling 15,000 Jun 80 puts on the stock at 90 cents and buying 10,000 Jun 90 – 100 call spreads for $3.60. The position will create some of the largest blocks of open interest in options on the [...]
Exelon puts are seeing interest again Friday. The stock is up 14 cents to $29.12 and the top trade is a sweep of 10,730 Feb 28s for 35 cents per contract when the market was 25 to 35 cents. 13,776 traded against 18,464 in open interst and today’s action appears to be a repeat of [...]