Mid Cap Stocks
Higher put volume in Hertz today. The stock is down 47 cents to $21.58 and one player bought a 20000-lot of Mar 15-strike puts on the auto rental company for 13 cents per contract, to open. 4,200 Weekly (1/30) 20.5 puts also traded in HTZ. Mar 19 and Feb 21 puts are the next most [...]
Relative weakness and increased put activity in Seadrill. The stock is off 4.1% to $10.22 and 11,470 Feb 9.5 puts on SDRL trade for 49 cents on CBOE when the market was 25 to 50 cents. 6,591 Feb 10 calls also changed hands. It appears that buyers are opening positions in both strikes and looking [...]
Tesoro May 82.5 calls are drawing interest. With the stock up $3 to $79.57, one player bought a 7500-lot this morning for $4.90 (stock was at $78 at the time). The flow might add to a position opened in November when 11,200 were bought for $4 (see 11/20 color). 10,916 traded total today against 13,845 [...]
Pandora option volume 7x normal as shares lift. 10K contracts traded in the first 30 minutes of the day with calls leading puts 2:1 as shares lift 10% to 17.57, regaining ground lost this year. 58% of the volume is in weeklys expiring today, including a seller of 1000 16 strike puts for 1.12 as [...]
Pre-earnings flow in US Steel seems bullish, as a buyer paid 58 cents for Feb 24 calls, 15000X. The stock is up 62 cents to $22.68 and more than 21,500 Feb 24 calls now traded on the steelmaker. Mar 30 calls, Feb 20 puts, Apr 25 calls are the next most actives. The company reports [...]
Four-way spread in Huntsman appears to be a position adjustment. The stock is up $1.10 to $23.07 and an investor is apparently selling 25,200 Feb 24 puts on the chemicals company at $1.75 and buying 33,767 Feb 27 calls for 2 cents. The combo probably covers a position opened two months ago, which was rolling [...]
Avon Apr 7 – 8 put spread for 38 cents, 32000X. A buyer appears to be rolling a block of Apr 7 puts (at 42 cents today) that was opened a couple of weeks ago for 50 cents (see 1/7 color). Now, a new position is being opened in the Apr 8 puts after the [...]
Short-term calls on Avon attract heavy trading on a dealReporter story. The stock is up 16% to $8.77 on reports the company is in discussions with TPG Capital. Short squeeze is on (short-to-float ratio was recently 16.3%) and Weekly (1/23) 7, 8 and 8.5 calls are the most active options on the cosmetics company.
Large opening call buyer in IAC Interactive. Buyer paid 55 to 65 cents for a total of 5K IACI March 70 calls a moment ago as shares traded 61.93. This trade is 14x the average daily call volume in IACI and will double the total call open interest in the name. Earnings Feb 4th.
United Rental squeezes higher ahead of earnings. The stock is up 3.3% to $82.17 ahead of the company’s (This afternoon) profit report. 11,000 calls and 3,800 puts traded on the rental and leasing company. 2,097 Weekly (1/23) 86 calls on URI changed hands. Jan2016 100 calls, Mar 110 calls, and Weekly (1/23) 87 calls are [...]