Mid Cap Stocks

Manitowoc Company (MTW) $20.27 +4.97%

Manitowac is moving. Shares are up $1 to $20.31 and 4,528 Jan 21 calls on the machinery company are swept across multiple exchanges for 40 cents when the bid-ask was 25 to 40 cents. It opens. 5,400 traded total. Jan 20 and 22 calls are also drawing interest. The contracts do not capture earnings, due [...]

December 23, 2014 | 0 Comments More

Wendys Company (WEN) $8.88 +1.49%

Upside calls on Wendy’s are sizzling this afternoon. The stock is up 11 cents to $8.86 and smaller lots of Feb 9 calls on the fast food chain printed for 35 and 40 cents when the market was 25 to 40 cents. Then a 6000-lot traded for 41 cents. It appears that buyers are opening [...]

December 23, 2014 | 0 Comments More

Burlington Stores Inc (BURL) $49.01 +3.07%

Second day of bullish flow in Burlington Stores. March 50 calls on the retailer were active yesterday (see 12/22 color) and the flow created 3,642 of new open interest at that strike. The stock saw a spike to $49.63 this morning and is up $1.54 to $49.09. Mar 50 calls are again the most actives [...]

December 23, 2014 | 0 Comments More

NationStar Mortgage Holdings Inc (NSM) $27.35 -3.08%

Nationstar Mortgage Jan 35 – 50 call spread at 9 cents, 15000X. The stock is down 97 cents to $27.25 today and a seller might be closing from Feb when the stock was at $30 and the same thing was bought for $2.70, 15000X (see 2/13 color).

December 23, 2014 | 0 Comments More

Avis Budget Group Inc (CAR) $63.05 +7.50%

Avis attracts a premium seller. The stock is up $4.32 to $62.97 after a 13G filing out late-Monday showed Glenview Capital Management with a 5.1% stake in the auto rental company. On the options front, a 20000-lot of May 57.5 calls on CAR is sold at $8 per contract. It’s a buy-write against stock for [...]

December 23, 2014 | 0 Comments More

Genworth Financial Inc (GNW) $8.45 +1.56%

Genworth draws a time spread. With shares up 15 cents to $8.47, the Jan – Feb 9 call spread on insurance company is bought for 36 cents, 10000X. It appears to roll a block of calls out one month and expressing the view that shares might hold below $9 through the Jan expiration, but then [...]

December 23, 2014 | 0 Comments More

Cree Inc (CREE) $33.15 +3.17%

Early call buyer in CREE as shares lift above $33. Nearly 5000 calls traded in the first half hour, vs 1200 puts, with Jan 33 calls seeing much of the flow, including a sweep of 1463 at the 1.41 offer when shares were near 33.21. Opens a new position on the LED maker but is [...]

December 23, 2014 | 0 Comments More

Denbury Resources Inc (DNR) $8.08 -2.88%

Second day of increased call activity in Denbury Resources. Open interest in Jan 9 calls on DNR increased by 7,272 after 8,570 contracts changed hands Friday. The stock is down 22 cents to $8.10 today and the top trade on the oil and gas company is a sweep of 2,370 Jun 9 calls for $1.05 [...]

December 22, 2014 | 0 Comments More

MGM Resorts International (MGM) $20.21 -0.59%

MGM puts lead calls by more than 4:1. Roughly 28,000 puts and 6,800 calls traded on the casino operator. The stock is down 19 cents to $20.19 after an impressive rebound in the second half of last week. Shares fell to 52-week lows of 17.25 Wednesday, but after a two-day spike, finished Friday nearly 18% [...]

December 22, 2014 | 0 Comments More

Avon Products Inc (AVP) $9.36 -2.19%

Avon call volume 10x normal as resting offer in Jan 10 strike is lifted. 24K AVP calls have traded today, 10x normal, with most of the flow in Jan 10 calls, where a resting order to sell 10K at a dime was lifted at 12:43ET as shares traded at 9.34. The other 10K traded a [...]

December 22, 2014 | 0 Comments More
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