Mid Cap Stocks
Calls on Sun Edison remain actively traded despite big losses in shares. The stock saw a flurry of option activity over the past two days, some of which was highlighted on CNBC, on talk Appaloosa manager David Tepper would announce an investment in the St. Peters, MO solar panel company. Instead, when asked about the [...]
Kohls with call activity. The stock is up $1.94 to $46.52 and seeing relative strength, with no obvious headlines to explain the intraday rally. On the options front, 2.5K Nov 47.5 calls on the retailer traded for $1.15 on ISE with shares at $46.15. It’s a customer buyer, according to ISEE data. Nearly 3K traded [...]
Short-term time spread expresses confidence in Chesapeake ahead of earnings. The stock is off 8c to $6.86 and the Oct 30th Weekly – Nov 6th Weekly 7 put spread on the oil and gas company is sold at 49c, 20000X. The flow appears to be rolling a block of short puts to the Nov 6th [...]
Ubiquiti Networks with an uptick in put activity. The stock is down 30c to $29.26 and 1.5K Dec 30 puts on the networking company are opened for $3.30 when the bid-ask was $2.90 to 3.30. The flow is likely hedging stock ahead of earnings on 11/5.
Opening activity in Lending Club calls ahead of today’s earnings report. The stock is up 22c to $13.79 and 3.1K Nov 13 calls on the online lender traded for $1 when the market was 90c to $1. Nearly 10K traded at that line and some short sellers are maybe hedging the event risk with these [...]
Post-earnings play in Manitowac expresses confidence that shares can rebound. The stock is down 15c to $14.75 after releasing results after the closing bell yesterday and is now down 33% YTD. In morning options action, the Jan 13 – 16 bullish risk-reversal on the farm machinery company is opened for 20c, 5000X.
Call buyer in Kate opens the largest block of open interest in the name. The stock is off 34c to $18.20 and an investor buys 20K Jan 20 calls on the retailer for $1.25 per contract. The $2.5M premium is tied to 800K shares. 23.5K now traded at that line. Positions are being opened after [...]
Relative weakness in FireEye motivates a call buyer to open a 7K lot. The stock is down $1.20 to $27.45 and 7K Nov 30 calls on the security software-maker are bought for $1.17 per contract. The investor also sold 250K shares and the interest comes ahead of earnings on 11/4. 8.5K Nov 30 calls and [...]
Bearish position in Carters opened as shares rally Wednesday. The stock is up $2.21 to $89.05 and seeing relative strength ahead of quarterly results, due tomorrow morning. In recent options action, an investor apparently sold Nov 97.5 calls on the retailer to buy Nov 82.5 – 87.5 put spreads, paying $1.30, 2500X. The action seems [...]
Opening action in downside puts in KKR after earnings. The stock is off 60c to $17 in the wake of the results and 10.4K Nov 16-strike puts on the private equity firm trade for 27c when the bid ask was 25 to 30c. A selller appears to be opening a position on the view shares [...]