Mid Cap Stocks
Call seller driving heavy call volume in several homebuilders. Pulte, DR Horton, and Lennar all trading slightly higher today and a seller chose similar strikes in all three stocks just after 12:32ET (try /top @const4 to recap), to pocket about $450K in premiums for 3.5% out of the money calls in February. Customer sold 8400 [...]
Rite Aid with Monday morning call buying. The stock is up 3 cents to $7.44 and 5,544 Weekly (1/2) 7.5 calls on the retailer are swept across multiple exchanges for 15 cents and then another 7,956 for 16.7 cents. Nearly 18,000 traded against 1,029 in open interest and the market is 15 to 20 cents. [...]
Holiday-week Manitowac call buyer owes Carl Icahn a thank you card.Shares up nearly 10% to $22.76 after Icahn’s stake and desire to split the firm were disclosed, and last week’s call trades are working out very well for the buyers, who are looking at gains in Jan 21 and Feb 23 calls bought when shares [...]
New position in Newmont Mining. With the stock up 23 cents to $18.80, the Jan2016 20 – 30 – 40 call fly on the midcap miner is being opened for $1.75, 5000X. Like Goldcorp (see GG color), the spread appears to be targeting a rebound in the gold miners in 2015.
Atmel call volume spikes as buyer opens Feb 10 position. Initiator paid 20c for 3400 Feb 10 calls a moment ago as shares traded 8.49. Total call volume approaching 3900 contracts, 6x normal, while put volume is zero.
Western Union call volume spikes as buyer pays a nickel for Jan 20 strike. Nearly 1200 calls have traded at midday, vs 86 puts, as shares trade near 18.13 in very light spot volume. Majority of the flow is in Jan 20 calls, where a buyer paid a nickel for just over 1100 contracts in [...]
Active trading in GoPro as shares continue this week’s rally. GPRO is up 2.5% to $68 and has rallied 26.2% since Friday. Share volume is 4.8 million and running much higher than normal (expected is 1.3 million). Meanwhile, 22,000 calls and 9,570 puts traded in the name, being led by opening activity in the expiring [...]
Upside action in Etrade calls. The stock is up 14 cents to $24.41 and 1,570 Feb 25 calls on the online broker are swept across multiple exchanges for 99 cents when the bid-ask was 80 to 99 cents. 10 minutes prior to that, 1,145 Apr 25 calls are swept across multiple exchanges for $1.46 when [...]
Sizable trade in Sears. The stock is off 39 cents to $32.54 and an investor sells 9,062 Jan2016 30 puts on the retailer at $2.50 and 3,659 Jan2016 35 puts at $4.90, to buy 15,000 Jan2017 20 puts for $9 per contract. The action appears to be rolling, or closing out the Jan 2016 puts [...]
Acadika Jan 12 – 15 call spread sold at $2.91, 7000X. It’s likely a closer, as both contracts are deep in-the-money with the stock at $30 and open interest is sufficient to cover.