Mid Cap Stocks
DSW draws increased put activity ahead of earnings. The stock is down 94c to $34.39 and a 2000-lot of Jun 30 puts on the retailer trades for 45c when the market was 40 to 45c. Nearly 3,000 traded and the flow opens one of the largest blocks of open interest in the name. DSW is [...]
Bearish three-way spread in YY Inc. The stock is up $1 to $67.66 and it looks like an investor is selling 2,250 Aug 80 calls on the Chinese social media company at $1.60 and buying 3,200 Aug 50 – 60 put spreads for $2.45 each. The new position is being initiated two weeks after the [...]
Gold Field sees early options action. The stock is off 11c to $3.35 and the Jun 4.5 – Jul 3.5 call spread on the mining company trades at 16c, 5000X. The investor is apparently covering a block of short Jun 4.5 calls opened on 4/30 at 25c when shares traded for $4.35, while selling a [...]
Avon attracts increased put activity. The stock is up 11c to $7.02 and 10K Jun 7.5 puts on the cosmetics company trades for 75c when the bid-ask was 65 to 80c. It appears to be an opening buyer. At roughly the same time, 6,850 Jun 7 puts on Avon are swept across multiple exchanges for [...]
Call buyer in Zynga opens a 13,000-lot of Jul 3 calls for 20c. The new position is tied to stock on a 50-delta. 15K now traded at that line. The stock is down this week, but up 20% month-to-date. An earnings pop on 5/6 helped get the May rally underway.
Short-term calls on Sun Edison are seeing some opening activity. The stock is up $1 to multi-year highs $30.45 and the expiring Weekly 26.5 calls on the solar panel company are swept for $3.90 when the market was 3.5 to 3.9, 5500X against 148 in open interest.
Bearish flow continues in Vipshops. The stock is down another 52c to $24.97 and roughly 31K puts/8800 calls traded in the name. Aug 23 puts have 3,870 contracts changing hands so far. Aug 21, May 22 Weekly 22.5, Jun 17.5 puts are the next most actives. Higher put activity in online retailer was noted Tuesday [...]
Golar options volume is 2.5X daily average. The stock is up $1.43 to $50.19 and the bulk of the activity is in the January 2016 term, as an investor sold 3,500 Jan 50 calls on the shipping company at $7 per contract to buy 4,375 Jan 55 calls for $5.20. Both legs might close. Or, [...]
RADical trade in Rite Aid calls. 100K July 9 calls were crossed on the PHLX this morning for 27.5cents to open a masssive new position that is 11 times the typical daily call volume in the name and represents an impressive 10M shares of notional size, 60% of the average daily share volume in the [...]
Early call buyers in Cablievision as shares give back some of yesterday’s big gains. The stock is off 50c to $24.19 after a 17.7% spike on Wednesday on positive analyst commentary. The company is hosting an annual meeting today and a 6000-lot of Jan 30 calls on Cablevision is bought for 85c per contract, to [...]