Mid Cap Stocks
Ciena sees some action heading into a 3/26 General Meeting. The stock is off 45 cents to $20.18 and recent trades on the networking company include a multi-exchange sweep of 842 Weekly (3/27) 20.5 calls for 23 cents when the bid ask was 19 to 23 cents. More than 2,000 traded at that strike and [...]
Relative weakness and early put flow in Fortinet. The stock is off 50 cents to $34.81 and a 1668-lot of May 36 puts on the security software-maker trades for 2.30 when the bid ask was 2.15 to 2.35. Then another 3,000 printed for 2.30. 4,730 traded total against zero in open interest. The options capture [...]
Active trading in Interactive Device Tech calls as shares move to session highs. The stock is up 58 cents to $21.43 and recent options trades on the chip-maker include a 4000-lot of Apr 21 calls for $1.10 when the market was 95 cents to 1.10. 4,437 traded total and the action is opening. Apr 22 [...]
Relative strength and higher call volume in Cablevision Systems. The stock is up 57 cents to $18.66 and hit a high of $18.73 on takeover speculation (TheFlyonTheWall). Mar 19 calls have traded 3718 against 2,041 in open interest. Mar 18, Apr 19, and Apr 20 calls are the next most actives. Total volume is roughly [...]
Higher options volume in H&R Block led by a five-way spread. The stock is off 41 cents to $32.17, and the inestor sold the Apr 31 – 33 strangle on the tax preparation ocompany at 95 cents, 20000X (to open), while buying the Apr 30 – 34 bearish risk-reversal for even money (maybe closing. The [...]
Denbury Resources options volume is 4.5X daily average. With shares off 38 cents to $7.57, Jun 8 puts on the oil and gas company are seeing the bulk of the activity. A 6,750-lot traded for $1.25 when the market was 1.15 to 1.25. It looks like a buyer is opening and possibly hedging stock for [...]
Short-term call buyer in Frontier Comm. The stock is off 14 cents to $7.38 and a 25000-lot of Mar 7 call options on FTR is bought for 40 cents per contract. It opens a new position that will come off the board tomorrow.
Sizable trade in Sun Edison. With the stock up 3 cents to $24.48, a 10000-lot of Apr 26 calls on the solar panel company trades at 60 cents per contract, electronically. It might be a seller opening a new position and overwriting shares after the stock notched multi-year highs of $24.7 the day before.
Chesapeake Mar 13.5 puts are among the most active equity options for the second day. A large block was bought yesterday afternoon for 25 cents per contract. The flow (see 3/18 color) created 55,398 of new open interest at that strike. Shares are down 4.5% to $13.5 on an analyst downgrade and it appears the [...]
Relative weakness and increased put activity in Yelp. Shares are off $1.82 to $45 on reports an upcoming documentary will cast the company in a negative light. Funds for the film are apparently being raised on Kickstarter (Briefing). Nearly 5,000 Apr 45 puts traded on the directory company. Mar 45 and 46 puts are the [...]