Large Cap Stocks

Apple Inc (AAPL) $114.32 +0.29%

Apple attracted noteworthy options action Friday. With the stock trading up to $114, a 20750-lot of Jan 90 puts on AAPL trades for 9 cents when the bid-ask was 7 to 9 cents. 36,261 contracts were opened at that strike, according to today’s open interest numbers. The contract is 21% out-of-the-money and expiring in 18 [...]

December 29, 2014 | 0 Comments More

Goldcorp Inc (GG) $18.31 +3.62%

Longer-term call fly in Goldcorp. With the stock up 71 cents to $18.38 and squeezing higher after the yellow metal gained $22 to $1195.5, a Jan2016 20 – 30 – 40 call butterfly spread is opened on the large cap gold miner for $1.50, 5000X on ISE. Data from the exchange confirm the spread is [...]

December 26, 2014 | 0 Comments More

Southern Co (SO) $50.55 +1.28%

Second day of bearish flow in Southern. 3,000 Jan 50 puts on the utility traded for 80 cents Friday when the market was 66 to 80 cents. More than 4,000 traded total and open interest increased by 3,838. The stock is up 69 cents and notching record highs of $50.6 today. 4,453 Jan 49 puts [...]

December 26, 2014 | 0 Comments More

Cardinal Health Inc (CAH) $81.98 -0.11%

Cardinal Health Feb 75 – 80 put spread at $1.05, 467X on ISE. A customer sold-to-open, according to ISEE data. The spread has traded 1300X across multiple exchanges and, with shares off a nickel to $82.02, the new position seems to be stating that CAH will hold above $80 through mid-Feb and or the investor [...]

December 26, 2014 | 0 Comments More

Bank of America Corporation (BAC) $18.03 +0.28%

Bank of America put trade leads early single stock flow. Shares little changed near $18 and a trader sold 21510 1/30 17.5 puts to open a new position, pocketing nearly half a million dollars in exchange for the risk that shares might pull back from recent 5year highs. These month-end options expire in 35 days, [...]

December 26, 2014 | 0 Comments More

Facebook Inc (FB) $81.03 +0.52%

Facebook Feb 65 – Mar 62.5 put spread trades at even money, 12427X. The Feb 65s open and the Mar 62.5s might close. So the activity might roll a block of (long) Mar 62.5 puts to Feb 65s, which seems to be expressing concerns about potential losses in shares over the next 7 weeks. FB [...]

December 24, 2014 | 0 Comments More

NVIDIA Corp (NVDA) $20.60 -0.24%

Update on NVDA. The 10000-lot of Feb 15-strike for 13 cents mentioned at 10:45 is apparently being taken down. Instead, customer bought a 38000-lot for 14 cents. Mar 15 puts are seeing opening activity with more than 2,000 contracts changing hands.

December 24, 2014 | 0 Comments More

NVIDIA Corp (NVDA) $20.63 -0.10%

NVIDIA deep out-of-the-money puts are busy for a second day. Players opened in the Feb 15, 16 and 17 puts on the graphics chip-maker yesterday (see 12/23 color). The top trade in NVDA options today is a 10000-lot of Feb 15-strike puts for 13 cents. A buyer is opening and the bearish flow seems to [...]

December 24, 2014 | 0 Comments More

Bank of America Corporation (BAC) $17.98 +0.28%

Busy morning for Bank of America call options. With shares up a nickel to $17.98, the top trade is a morning sweep of 5,000 Weekly (12/26) 18 calls for 8 cents across multiple exchanges. A customer bought-to-open, according to ISEE data. 7,871 contracts traded at that strike. The contract expires the day after tomorrow. May [...]

December 24, 2014 | 0 Comments More

United Parcel Service (UPS) $113.00 +0.49%

UPS Jan 110 – 120 call spread trades at $3.45, 5000X. The same spread was sold at $3.45, 6000X yesterday (see 12/23 color) and today’s open interest numbers indicate closing activity. Today might repeat and, if so, expressing the view that the recent rally in UPS could soon run out of steam. The stock is [...]

December 24, 2014 | 0 Comments More
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