Mid Cap Stocks
Aggressive buyer driving heavy volume in SM Energy puts. Paid 1.40 to 1.50 for a total of 10K October 80 puts this afternoon as shares traded near $88.40. Appears to add to 10K bought earlier this week as part of a roll. On Tuesday we noted a sale of 20K Sep 75 puts (which were [...]
Microchip Technology option volume 9x normal amid heavy share volume. 12K contracts have traded in first hour, 37x normal for the name, with puts leading calls 2:1. Opening customer buyer paid 1.50 for 6500 Oct 49 puts tied to a 48.67 hedge just after 10am, and more recently a sweep buyer paid up to 60c [...]
AMD calls draw interest. With shares flat at $4.14, 4,660 Weekly (9/26) 4.5 calls on the chip-maker are swept across multiple exchanges for 7 cents when the bid-ask was 6 to 7 cents. 2,988 in open interest at that strike and the market is now 7 to 8 cents.
Manitowac draws a call ratio spread. An investor apparently sold 2,700 Sep 27 calls on the machinery company at $2 to buy 4,400 Oct 30 calls for 80 cents. The activity probably rolls a block of in-the-money Sep 27s up three strikes and to the October term. More than 3,000 Sep 27 calls and 8,000 [...]
Post-earnings call buying in Chico’s FAS. The stock is up 2.5% to $15.65 after losing nearly 5% in the wake of the results yesterday and 10000 Oct 17 calls on the retailer were swept across multiple exchanges this morning for an average of 28.7 cents. Data from ISE is reporting an opening customer buyer. 12,055 [...]
Jabil Circuits Oct 23 calls draw interest. With the stock off 8 cents to $21.44, multi-exchange sweeps are driving the flow this afternoon, as investors were apparently paying 30 and 35 cents per contract. 5,713 traded against just 7 contracts of open interest. The market is now 35 to 40 cents. The October options will [...]
Apollo Group attracts an opening call spread. The stock is off 10 cents to $27.66 and the Nov 28 – 29 cs trades on the for profit education company for 42 cents, 5500X. It appears to be a buyer (market was 35 to 46 cents at the time) and, if so, expressing the view that [...]
ServiceNow Sep 65 calls are drawing interest. The stock is up 65 cents to $60.38 and 1,379 contracts were swept across multiple exchanges for 65 cents and then 3,691 more traded for 70 cents. 5,907 Sep 65 calls now traded in NOW against 1,235 in open interest. The market is 80 to 85 cents. DA [...]
Ciena with a second day of increased options volume. Yesterday’s flow seemed bullish and created 6,448 contracts of new open interest in the Oct 23 calls and 1,225 of new OI in the Jan 23s (see 8/26 color) in the name. The stock is down 13 cents to $20.61 today and the top options trade [...]
5,215 Jan 9 calls trade on Penn West Pete. The stock is up 35 cents to $7.72 and players are paying 34 cents per contract. Customers are buying-to-open, according to ISEE data, and today’s action appears to repeat from 7/30 when 35 and 40 cents per contact was being paid for those same upside calls.