Mid Cap Stocks
Mighty big trade in Marvell. With the stock up 35 cents to $13.74 on a JMP Securities upgrade, a 25000-lot of May 15 calls on the chip-maker trades for 81 cents when the bid-ask was 65 to 81 cents. Then another 5,000-lot printed for 81 cents. 30,282 traded at that strike against zero contacts of [...]
Active trading in National Bank of Greece call options just after Noon ET. The stock is up 17 cents to $3.17 and the top trade is a sweep of 5,000 Jan 3 calls on the bank for 60 cents when the bid-ask was 50 to 60 cents. Two minutes earlier, 4,343 Jan 4 calls traded [...]
Assured Guarantee call volume 5x normal as buyer lifts Jan calls. Buyer paid 1.70 for 3000 Jan 22 calls as shares traded near flat at $22.42. Opens a new at-the-money position on the name that has seen a 20-26 range this year.
Sun Edison is squeezed higher. The stock is up 7.8% to $20.80 in heavy trading of 9.4 million shares on unsubstantiated speculation (Briefing, FlyonthWall) that GE is interested in the solar panel company. The stock is heavily shorted with a recent short-to-float ratio of more than 26% and the spike is probably driving a lot [...]
Gopro with relative strength and a Jan 70 – 80 call spread on the stock trades at $3.50, 4580X. The stock is up $2.89 to $75.77 and the spread might close, or more likely, rolls a block of calls to the out-of-the-money Jan 80s from the in-the-money Jan 70s after today’s big move.
Bulls are all over Burlington like a cheap suit. The stock is down 13 cents to $39.64 and a 7383-lot of Dec 40 calls on the retailer trades for $3.20 when the market was $2.80 to $3.40. 8,254 now traded at that strike. Another 5,100 Dec 35 calls also traded against 5,500 in open interest. [...]
Aercap Holdings call buyer opens large position. Initiator paid 1.30 for 5000 Jan 47.5 calls TIED to 145K shares at 43.30, crossed by the executing broker on the AMEX. Opens and is the largest call block to trade all year. Strike is 8.7% above spot and breakeven is just above the all-time high for shares [...]
Bullish ratio trade in China social media platform YY this morning as shares lift 3%. 3way trade on the PHLX involved a sale of the Oct 65-70 put spread (on a 2020×2530 ratio) against a buy of 630 Oct 85 calls. Net premium is near zero and the 70s may close a purchase from 9/18 [...]
Northstar Realty collar trade starting out well. Shares up 3.4% near 17.74 on word of a possible REIT reclassification and yesterday’s 5000 lot Nov 16-18 risk reversal trade (buying call) for a 20cent debit looks pretty smart as shares approach the long call strike. Yesterday’s total volume near 17K contracts was triple the normal level [...]
Put bomber hits Gold Fields Ltd this morning. Seller collected 20c on 14K Nov 4 puts to open a new position as shares traded near $4.14. Traded outright and will create the largest block of put open interest in the gold miner.