Mid Cap Stocks
Big print in Boardwalk Pipeline. The stock is off 19 cents to $18.55 and the Sep 17.5 – Mar 19 call spread on BWP is bought for 70 cents, 28000X. It probably closes a position in Sep 17.5 calls (at $1.05 today) opened in May when 33,000 where bought for $1.80. The stock was trading [...]
Early sweep of Staples Sep 13 puts. The stock is up 19 cents to $13.22 and it looks like an investor is collecting a nickel, 10000X, to open. If so, the premium selling is expressing confidence that SPLS will hold above $13 through the end of this week.
Sun Edison sees bullish trading. A 13000-lot of Jan 21 on the solar panel company traded for $2.23 on ISE when the market was $2.15 to $2.25. It traded on the ISE and is an opeing buyer, according to ISEE data (firm, not customer). 14,000 changed hands at that strike. Oct 20 calls traded 4,900 [...]
Position adjustment in QEP Resources. The stock is up 15 cents to $32.39 and the investor buys 21,000 Sep 31 calls on the oil and gas pipeline company for $1.45, sells 21,000 Dec 32 calls at $1.84, and buys 15,700 Dec 29 puts for 60 cents. The activity probably opens in December and closes a [...]
Swift Transport Feb 22.5 staddle is bought for $4.30, 2000X. 4,800 traded total and, with the stock down 39 cents to $20.87, the new position seems to be expressing the view that SWFT will see increaaed volatility heading into 2015.
Call buyers are still dipping into Dunkin. Dec 50 calls on the stock were actively traded last week (see 9/9 color). The stock is up 22 cents to $47.43 Monday and has added 1.4% since that time. With shares climbing to multi-month highs, 732 Sep 47.5 calls on DNKN are swept for 46 cents and [...]
Bearish pre-earnings flow in Rite Aid. With the stock down 16 cents to $6.39, 4,500 Sep 6.5 puts on the retailer have been bought-to-open this morning for 29 cents on ISE. Data from the exchange is reporting an opening customer buyer. Total volume at that strike across all the exchanges is 7,695 against 767 in [...]
The office supplies retailers see relative strength and bullish options order flow. Office Depot is up 19 cents to $5.82 and an investor pays a nickel to open the Oct 5.5 – 6 bullish risk-reversal on the stock, 25000X. Staples is up 4% to $14.02 and Dec 14 calls on the stock drew early interest. [...]
American Capital attracts a large put buyer. With shares up 12 cents to $15.51, a 20000-lot of Jan 15s on the private equity firm is bought for 65 cents per contract. It’s opening and tied to 780K shares for $15.43. The new position seems to be expressing the view that shares might see an uptick [...]
Puts on NPS Pharmaceuticals outpcace calls nearly 10:1. With the stock down 61 cents to $31.63, rounghly 7,100 puts and 765 calls traded on the biotech. Sep 24 puts are the most actives, with buyers apparently paying 48 and 50 cents to add to the existing open interest, which is the largest in the name. [...]