Large Cap Stocks

Applied Materials Inc (AMAT) $22.86 +1.06%

Applied Materials Apr 23 – 27 call spread for $1.28, 20000X. The stock has erased morning losses and is up 30 cents to $22.92 after releasing earnings yesterday. The spread appears to be part of a bullish theme in the chip equipment-maker this week and expressing the view that shares might trade up to $27, [...]

November 14, 2014 | 0 Comments More

Weatherford International PLC (WFT) $16.39 +0.37%

Bullish flow in Weatherford. Shares of the oil driller popped yesterday afternoon when Dow Jones Newswires reported that rivals Halliburton and Baker Hughes are holding merger talks. WFT is off 8 cents to $16.25 and 16,000 calls traded on the oil services company. That amounts to 4X the normal call volume and 6X the number [...]

November 14, 2014 | 0 Comments More

Kinder Morgan Inc (KMI) $39.20 +2.14%

40,000 calls traded in Kinder Morgan. The stock is up 70 cents to $39.08 after the company said it expects to close its merger with the other Kinder companies (KMR, KMP, and EPB) on 11/26. On the options front, one player sold 10,000 Nov 40 calls on KMI at 30 cents (probably closing) while buying [...]

November 14, 2014 | 0 Comments More

Red Hat Inc (RHT) $62.14 +1.65%

Red Hat options volume is 20X the daily average, driven by spread trading. The Dec 65 – Jan 62.5 cs on the software-maker trades at $1.60, 11275X. It appears the investor is buying-to-open Dec 65 calls for $1.35 and selling-to-close Jan 62.5 calls at $2.95, which were opened in Sept – Oct and included an [...]

November 14, 2014 | 0 Comments More

Amazon com (AMZN) $329.59 +4.14%

Big gains for yesterday’s long-term AMZN call buyer. Shares up nearly $12 this morning to $328 and the block of 7100 Jan17 300 calls bought yesterday for 71.90, outright, when shares were near $316 has already turned into an impressive winner given the current mid-mkt quote of 77.70. That block was the largest AMZN option [...]

November 14, 2014 | 0 Comments More

Akamai Technologies Inc (AKAM) $61.26 +1.34%

Active trading in Akamai today. The stock is up 78 cents to $61.23 on increasing volume of 667,000 shares and nearly 9,000 calls traded on the cloud services company (vs. 290 puts). More than 2,000 expiring Weekly 61.5s have changed hands. Nov 59.5, 61.5, and 62.5 calls are the next most actives. There is chatter [...]

November 14, 2014 | 0 Comments More

Deutsche Bank Aktiengesellschaft (DB) $29.74 +0.03%

Deutsche Bank draws a noteworthy ratio spread. The stock is up 3 cents to $29.76 and the investor sells 11,545 Apr 38 calls on the bank at 17.5 cents and buys 20,000 Apr 35 calls for 55 cents. The Apr 35s open and the deep out-of-the-money Apr 38s probably close from last month when a [...]

November 14, 2014 | 0 Comments More

Hertz Global Holdings Inc (HTZ) $21.48 -5.50%

Implied volatility in Hertz is moving lower after a long-awaited restatement of its financials. The stock is off $1.30 to $21.43 after the numbers were apparently worse-than-expected. Dec 32 calls, Nov 20 puts, and Dec 21 puts are the most active options on the auto-rental company and 30-day implied volatility dropped 16.5% to 52.

November 14, 2014 | 0 Comments More

Carnival Corp (CCL) $40.92 +0.05%

Additional activity in Carnival Cruise. Jan 43s on the cruise ship operator drew interest Wednesday (see 11/12 color). The stock is erasing early losses today and up 3 cents to $40.93. A 5800-lot of Dec 43 calls trade on CCL for 57.5 cents when the bid-ask was 55 to 60 cents. 10,340 now traded at [...]

November 14, 2014 | 0 Comments More

Comcast Corporation (CMCSA) $54.22 +1.16%

Heavy volume in Comcast as calls lead puts 24:1. 146K calls have traded today, vs 6000 puts, with most of the flow in Jan 57.5-60 call spreads trading on the ISE. Data indicates a trader selling the verical spread nearly 50,000x for 37.5 cents on a ratio of 10:14, possibly adjusting positions opened in late [...]

November 13, 2014 | 0 Comments More
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