Mid Cap Stocks
Elan Corp ADR (ELN) $12.01 +0.17%
37,000 calls and only about 100 puts traded in Elan (ELN) on the heels of the company’s earnings report. Shares are up 3 cents to $12.02 and the top trade is a 25000-lot of Jan 10 calls for $2.35 per contact on ISE. A customer bought, to close, according to ISEE data, and is probably [...]
Turquoise Hill Resources Ltd (TRQ) $6.23 +6.31%
Turquoise Hill Resources (TRQ) is up 34 cents to $6.20, new 52-week highs, and options volume on the Vancouver-based minerals company is 5X the daily average, being led by a multi-exchange sweep of 1,900 May 7 calls for 17 cents per contract. Looks like an opening buyer. Jun 8, Jan 10 and May 6 calls [...]
Juniper Networks Inc (JNPR) $16.01 -7.78%
Juniper Networks (JNPR) is off $1.32 to $16.04 on disappointing earnings and 5,400 May 17 puts are bought on the stock for $1.24. It might close some of the positions opened late-March when a hefty May 17 – 20 risk-reversal was bought on JNPR for 12 cents, 15000X. The original trade was tied to 890K [...]
JDS Uniphase Corporation (JDSU) $13.16 -2.19%
JDS Uniphase (JDSU) drops 27 cents to $13.19 and early trades on the stock include an 8117-lot of May 13 puts for 63 cents per contact when the market was 57 to 62 cents. Looks like an opening buyer on CBOE. 9,520 contracts now traded against 4,030 in open interest. Bearish flow is possibly protective [...]
Braskem Sa (BAK) $17.20 +6.44%
Handy 55% overnight return, or $200,000 to the well-timed buyer of those Braskem June 17.5 calls we noted yesterday. Buyer paid an avg of 61cents for nearly 6000 contracts in the afternoon when shares were near $16. Shares up nearly 7% this morning on analyst upgrades and those calls are trading for 95cents.
Informatica Corporation (INFA) $32.17 +3.27%
Informatica (INFA) is up $1.03 to $32.19 and a 3500-lot of May 35 puts is sold on the Redwood City, CA software developer at $3.40 per contract. It might cover a position opened on 3/21 when the same contract was apparently being bought for $2.05 to $2.10. Meanwhle, smaller lots of May 30 puts have [...]
Braskem Sa (BAK) $15.88 +5.44%
Braskem (BAK), a Brazilian chemicals company, is up 82 cents to $15.88 in active trading of 722K shares on the heels of Dupont’s bullish earnings report and on news the Brazilian government might double tax credits that petrochemicals currently receive. The stock is up 5.4 percent and options volume on BAK includes 6,135 calls and [...]
Braskem Sa (BAK) $15.91 +5.64%
Brazilian petrochemical company Braskem set an all-time record for call volume today with 6100 upside June 17.5 calls trading in a burst just before 2pm as shares traded near 15.91. Earnings expected in early May and today’s position will also set a new record for open interest in the name. Shares are near the top [...]
Ocwen Financial Corp (OCN) $36.21 +2.26%
Ocwen Financial (OCN) is up 79 cents to $36.20 and one player sold 7,500 May 35 puts on the stock, down to $1.70 per contact, to open. Looks like May 37.5 puts are being sold as well, possibly closing, and 30-day implied volatility in the options on the Atlanta, GA savings and loan is down [...]
Fortinet Inc (FTNT) $17.82 +0.22%
Fortinet (FTNT) adds 17 cents to $17.95 and a sweep of 3,000 Sep 20 calls for $1.50 per contract printed less than 10 minutes ago. It appears to be an opening call buyer. There’s some interest in companies that make security software this afternoon (SYMC, CHKP, FIRE) on reports an AP twitter account had been [...]
