Mid Cap Stocks
FireEye Weekly (11/7) 32 calls trade 3086 contracts. With the stock up 20 cents to $31.08, the top trade is a 2000-lot for $1.70 on PHLX when bid-ask was $1.45 to $1.70. Looks like a new position and will capture a Nov 4 earnings report.
JC Penney drops 42 cents to $9.72 and the top options trade on the retailer today is a 12300-lot of Weekly (10/10) 10 calls for 26 cents. It’s an opening buyer and tied to 467K shares, maybe stock replacement after the 4% loss in shares today. 15,664 now changed hands at that strike. Oct 10 [...]
Office Depot Oct 5.5 – 6 risk-reversal for 30 cents, 24300X. The investor sold calls and bought puts, probably closing a position opend earlier this month for a nickel, 25000X, when the stock traded for $5.80 (see 9/12 color).
Cadence Design adds 23 cents to $17.36 and calls on the software-maker are drawing interest. 3500 Oct 18s were swept this morning for 25 cents across multiple exchanges when the market was 5 to 25 cents. 7,935 now traded against 963 in open interest. The market is now 35 to 40 cents. Separately, 2,678 Nov [...]
Janus Capital jumps on news Bill Gross is leaving Pimco to join Janus. The stock is up 33.3% to $14.83 in heavy trading of 82 million shares. The short-to-float ratio on JNS was recently 18.9% and there had been notable interest building in puts on the stock as well (see 8/26 and 9/18 color). The [...]
Avon attracts bearish flow. With the stock down 27 cents to $12.61, one player bought a 5,000-lot of Nov 12 puts on the cosmetics company for 50 cents per contract. 12,500 now traded against 86 contracts in open interest. Oct 13, Jan 11, and Nov 13 puts on the stock are drawing interest as well. [...]
Upside call buyers active in Rowan Companies early Friday. Jan 27 calls most active with shares near 25.78. Sweep buyer paid 95c for several thousand to open a new position.
GlobalStar options volume is 3X the daily average, being driven by a sweep of 4750 Oct 3.5 puts on the wireless company for 30 cents when the market was 25 to 30 cents. 1000 traded earlier for 25 cents. 7,934 contracts now changed hands against 5,955 in open interest. The market is 25 to 35 [...]
Advanced Micro Devices sees heavy short term call buying. 12K calls in first hour, 6x normal, with the largest block trading on the ISE as an opening customer byer paid 4 cents for 7000 4 strike calls expiring 10/10. Longer term April 5 puts and 6 calls also seeing opening activity. Earnings due 10/16.
Buffalo Wild Wings puts active early Thursday. 6000 puts traded in the opening minutes, vs 54 calls, when shares were little changed near $136.56. Executed electronically on CBOE and data shows initiator bought the Oct 140-145 put spread for $4.02 and sold the Jan 130-140 put spread for $4.38, approximatly 1600x so far. Trade history [...]