Mid Cap Stocks
Compuware Nov 9 – Feb 11 bearish risk-reversal trades for even money, 3000X. It’s opening and tied to 165K shares. The stock is up 5 cents to $9.15 and the new position seems to be expressing the view that shares of the software company will see incrased volatility in the months ahead.
JC Penney puts are seeing early interest. The stock is down 10 cents to $9.36 amid relative weakness in the retailers after data showed no change in Retail Sales for July and ahead of JCP’ earnings tomorrow afternoon. 3,246 Weekly (8/22) 9.5 puts on JCP are swept across multiple exchanges for 61 cents when the [...]
Interpublic Group Companies Jan 20 calls traded for $1.05, 4650X. The market was 90 cents to $1.05. Total volume at that strike is 4,705 and positions are possibly being opened to replace some of the 16,635 contracts of open interest in Aug 20 puts that come of the board this week. The stock is drifting [...]
WR Grace adds 53 cents to $94.68 and an investor sells 10,000 Sep 92.5 puts on the chemicals company at $1.5 and buys 15,000 Sep 95 puts for 40 cents each. The 2X3 is possibly a closing trade, as open interest is sufficient to cover in both contracts.
Amtrust Financial attracts increased put activity. The stock is flat at $44.15 and an investor is apparently selling 1,500 Aug 45 puts on the insurance company at $1, to close, while opening a block fo 4,500 Dec 37.5 puts for $2.45. The new position is possibly being opened to hedge a block of stock after [...]
DR Horton draws a hefty spread. With the stock up 6 cents to $20.68, the investor sells 14,000 Sep 24 calls on the homebuilder at 6 cents and buys 15,000 Nov 23 calls for 68 cents. Both contracts now traded 20K and appears to be rolling a block of Sep calls out to Nov, down [...]
Three-way spread in Huntsman. With the stock flat at $27, the investor is buying 19,600 Aug 25 calls on the chemicals company for $2.17, buying 14,700 Nov 23 puts for 35 cents, and selling 19,600 Nov 26 calls at $2.10. The Aug 25s probably close one leg of an Aug 23 – 25 bearish risk-reversal [...]
Pre-earnings positioning in CREE. The stock is up 96 cents to $50.36 ahead of results due tomorrow afternoon. An Aug 55 – Sep 57.5 call spread gtades on the LED-maker for 17.5 cents, 3830X. Looks like a roll out to September from August, and up to the 57.5 strike from the 55s. 6,200 Sep 57.5s [...]
JCP Aug calls drawing interest ahead of earnings. The retailer reports after the close of trading Thursday. Early trades on the stock today include a sweep of 1,006 Aug 7 calls for $2.39. it might be a closer, as open interest is sufficient to cover, the contract is in-the-money, and the calls expire the day [...]
Afternoon sweeps of Opko Aug and Sep 10 calls. With the stock up 24 cents to $9.44, the largest is 2,919 Aug 10s for 25c when the bid-ask was 15 to 25 cents. 7,552 now traded agaisnt 5,738 in open interest and the market is 25 to 30 cents. Aug 9 and Sep 10 calls [...]