Large Cap Stocks
LyndellBassel (LYB) is up 82 cents to $60.62 and noteworthy options trades on the Dutch chemicals company today include a 3400-lot of May 65 calls, bought for 45 cents per contract. 10,890 now traded against 2,031 in open interest. The new positions in LYB are being opened ahead of earnings, due before market Friday.
Energy Transfer Partners (ETP) is up 22 cents to $48.80 and a 5000-lot of Sep 52.5 calls trades on the Dallas, TX natural gas and storage company for 70 cents per contract on ISE. A customer bought-to-open, according to ISEE data, and the new position is being initiated after the company today announced a cash [...]
Rio Tinto (RIO) is up $1.57 to $45.84 and seeing a rebound today after a 23.8 percent year-to-date skid. Today’s strength seems to be part of broader gains in the metals/mining names. On the options front, one player sells 6,500 July 45 calls on RIO at $3.32 to buy 9,100 Jun 47.5 calls for $1.65. [...]
Corning (GLW) is up 66 cents to $13.79 in the wake of the company’s earnings report and one investor seems to see limited upside for shares of the specialty glass-maker, as a 62,150-lot of Aug 14 calls is apparently sold on the stock this morning at 49 cents per contract. Volume is now approaching 65,000 [...]
Apple is up $8 to $406.67 ahead of its earnings and in late-day trading ahead of the results, Jan 330 puts are being sold on the stock to buy the Jan 410 – 465 call spread, 2500X, for about $8 on the three-way.
Talisman Energy (TLM) is up 7 cents to $11.32 and options volume on the Canadian company is running 2.5X the daily average. 8,070 calls and 290 puts so far. The top trade is a 1,160-lot of Jul 15 calls for 15 cents per contract when the market was 5 to 15 cents. 4,565 contracts now [...]
Ericsson (ERIC) is off 15 cents to $11.53 and a sweep of 3000 Jul 12 calls trades on the Swedish telecomm this morning for 65 cents per cnrract. A customer bought, to open, according to ISEE data. 5,448 contracts now traded against 5,054 in open interest. The market is still 60 to 65 cents. Total [...]
Apple option volume is surprisingly tepid in front of this afternoon’s earnings, with volume forecat to hit about 550,000 contracts, 9% above recent average but well below the million contract levels hit a few times in January this year. Shares near 405 and the weeklys expiring this friday account for 38% of the volume and [...]
Blackstone (BX) is up 43 cents to $20.59 and deep out-of-the-money [DOOM] Jan 12 puts on the New York-based asset management and financial advisory firm are seeing interest today. A 3,200-lot traded this morning for 20 cents per contract on ISE when the market was 15 to 17 cents. A customer bought, to open, according [...]
Largest block of the day just printed a moment ago on the PHLX as a buyer paid 1.33 for 50,000 Exxon Mobile July 85 puts tied to 88.85stock on a 29delta to open a very large position in front of earnings, due Thurs morning. Premium totals $6.65 million and the 5million shares of notional size [...]