Mid Cap Stocks
Office Depot draws increased call activity. The stock is off 4 cents to $5.07 and the focus in on Aug 5s. 11,781 traded against 17,656 in open interest, including a 5,900-lot for 32 cents when the bid ask was 25 to 35 cents. Looks like repeat buying from 7/15 and 7/17 when players were paying [...]
CH Robinson call volume 19x normal as buyers target Aug 67.5 strike. Shares at 3yr high and more than 10K Aug 67.5 calls have been bought today, most near 90c with data confiming opening customer account as the buyer. IV up nearly 3pts to 29% and todays flow will create the largest block of open [...]
Heavy trading in Herbalife. The stock is off $3.82 to $57.02 on increasing volume of 3.2 million shares after activist investor Bill Ackman said during a CNBC interview that he’s going to deal a “deathblow” to the multi-level market company. 36,000 puts and 12,000 calls traded. Weekly (7/25) 45 puts are the most actives. 8,073 [...]
Bearish pre-earnings flow in GNC. The stock is off 70 cents to $33.69 and one player bought a 3,439-lot of Aug 35 puts on the health and wellness products retailer for $2.65 per contract. 4,039 traded at that strike against 1,433 in open interest. The stock was downgraded last week on sales concerns. Estimated day [...]
Pre-earnings put activity in Popular. The stock is off 28 cents to $33.82 and Jan 32 puts are seeing the bulk of the flow. 6,800 traded, including a 5,000-lot for $1.96 when the market was $1.80 to $1.96. Looks like repeat buying from a couple of weeks ago when buyers were paying $1.80 for those [...]
Bullish risk-reversal in Tenet Healthcare. With the stock down 21 cents to $48.21 the investor sold 5,000 Aug 45 puts at 90 cents to buy 5,000 Aug 50 calls for $1.50. The new position doesn’t appear tied to stock and will capture an Aug 4 profit report.
Gamestop Oct 40 puts. The stock is up 15 cents to $42.98 and one player bought a 3,700-lot for $2.34 per contract. Volume at that strike is now approaching 7,000 against 1,249 in open interest. Investors are possibly looking for a pullback after a recent run up in shares of the video game retailer. GME [...]
Bullish trading continues in RF Micro. 7,700 Aug 11 calls on the chip-maker were opened following Friday’s increased action (see 7/18 color). The stock is up 37 cents to $10.94 today and Aug 10s are the most actives. 3,282 changed hands, driven by a sweep of 3,031 contracts for 90 cents when the bid-ask was [...]
Lennar Jan 37 puts. The stock is off 24 cents to $39.67 and looks like a 5000-lot is being opened for $2.05 per contract when the market was $1.89 to $2.14. This week’s light economic calendar includes Existing Home Sales tomorrow and New Home Sales Thursday. LEN reported earnings a few weeks ago and is [...]
InvenSense Weekly (7/25) 25 calls. The stock is up 17 cents to $24 and 1,010 trade so far. Opening.