Large Cap Stocks
Notable block of puts in Yahoo. With the shares up 10 cents to $39.05, a 10000-lot of Weekly (10/10) 39 puts traded for 87 cents on ISE when the bid-ask was 80 to 87 cents. It’s an opening position traded firm-to-firm, according to ISEE data. The new position comes after the 7.2% drop in YHOO [...]
Pfizer Nov 32 calls trade for 16 cents, 10000X. With the stock down 12 cents to $29.86, a buyer initiated the trade and is possibly adding to positions opened Wednesday (see 9/24 color), which created 20,383 contracts of new open interest at that strike.
Additional activity in Autodesk. Interest in Oct 65 calls was noted earlier (see 13:43 color) and appears to be closing activity. Separately, a 17000-lot of Oct 57.5 calls traded on the software company for $1.15 when the market was $1.11 to $1.16. It possibly closes as well. 21,651 traded total agaisnt 26,595 in open interest. [...]
Heavy pre-earnings action in the short-term options on Micron. The stock is down 55 cents to $31.67 and, of the 164,000 options trading in the name, 32.7% of the flow is in the expiring Weeklys and 37.7% in the October term. Weekly (9/26) 32.5 calls saw 8,410 contracts changing hands. Oct 32 calls, Weekly (9/26) [...]
Autodesk attracts increased call activity. The stock is off $1.08 to $54.58 and a 17870-lot of Oct 65s on the software-maker trades at 19 cents when the bid-ask was 18 to 19 cents. It’s not clear if a buyer or seller initiated the trade, but it’s possible that it closes a position opened in July [...]
Cemex sees a long-term call spread. The stock is off 11 cents to $13.14 and Jan2016 10 – 14.42 cs on the cement company trades for $2.70, 10000X. The options are tied to 330K shares and the interest comes after several months of rangebound action in CX, which is at the same levels today as [...]
MGM put ratio spread. Shares are off 36 cents to $22.45 and an investor sells 15,000 Jan 24 puts on the casino operator at $2.27 and 6,000 Jan 24 calls at 74 cents to buy 20,000 Jan 20 puts for 47 cents. The Jan 20s might close from mid-August when a Jan 24 – 27 [...]
Put seller sees T-Mobile weakness as an opportunity, as a 16700-lot of Oct 27s is sold-to-open at 28 cents. The stock is off 42 cents to $28.47. The Oct 27 put on the telecomm is 5.2% out-of-the-money and expiring three weeks from tomorrow.
Apple options volume on pace to exceed the one-day record set earlier this month (see 9/9 color). The stock is down 3.1% to $98.60 after the company pulled its latest operating system due to reports of problems for users. More than 750,000 contracts traded in the first hour, which would put the options on track [...]
Noteworthy trade in Newmont Mining as 10620 Nov 28 calls on the gold miner are swept for 10 cents across multiple exchanges when the bid-ask was 7 to 10 cents. It’s opening and is perhaps being opened as a ‘cheap” play on the view the stock is oversold after losing another 19 cents to $23.65. [...]