Small Cap Stocks
Mixed sentiment in Avanir Pharmaceuticals today. The stock has been in and out of positive territory and is now flat at $6.72 after moving to multi-year highs Thursday. On the options front, an Oct 5 – 6 put spread on AVNR is bought-to-open this afternoon for 37.5 cents, 15000X. Earlier in the day, however, Oct [...]
Bearish trading continues in 21Vianet. The stock is down $1.03 to $26.38 and Sep 25 puts are the most active options on the Chinese internet company Tuesday. 1,834 traded. Sep 30 and Sep 22.5 puts are the next most actives. Players opened new positions in the Sep 22.5, Sep 25, and Sep 30 puts on [...]
High call volume in Kandi Tech. The stock is up 4.25% to $19.67 on news of strong electric vehicle production in China. 22,000 calls and 835 puts traded in KNDI so far. The flow includes a sweep of 2,244 Sep 25 calls for 40 cents per contract just after the opening bell when the bid-ask [...]
Alpha Natural Resources attracts a call buyer. The stock is up 22 cents to $4.09 and a 12000-lot of Sep 5 calls on the coal producer is bought for 4 cents per contract. It’s tied to 200K shares at $4.03 and might close one leg of a bearish risk-reversal opened on 7/7 for 11 cents, [...]
Second day of higher call volume in Hovnanian. Players opened positions in Sep and Nov 4 calls on the homebuilder yesterday. With the stock up a nickel to $4.27 today, more than 8,000 Jan 5 calls traded in the name. The top trade is a sweep of 2,965 contracts across multiple exchanges for 30 cents [...]
Higher call volume in Hovnanian, driven by a sweep of 4,453 Sep 4 calls on the homebuilder for 30 cents. It’s an opening customer buyer, according to data from ISEE. The stock is up 16 cents to $4.13 and 4,796 contracts traded at that strike. Bullish action comes after the NAHB Housing Index printed at [...]
New position in longer-term calls on Newgold. With the stock off 4 cents to $6.27, a 9,000-lot of Jan2016 10 calls on the gold miner trades for 55 cents when the bid ask was 40 to 55 cents.
RadioShack call volume spikes on long-dated block trade. 50K Jan16 calls traded a few mintues ago as shares traded near 56cents- near the lowest level seen in 30+ years. Trades printed on the ISE and are likely a spread but were not marked as such. 10K of the Jan16 0.50 strike calls were crossed for [...]
Arch Coal Aug – Sep 3 call spread at 8 cents, 20000X. The stock is up 3 cents to $3.18 and the spread is similar to the one highlighted in coal producer Walter Energy (see WLT color) earlier today. If so, it likely rolls a block of in-the-money August (short) calls out ot the September [...]
Large call spread rolls position in Walter Energy. Initiator sold 30K Aug-Sep 6 call spreads for 15cents outright on the PHLX as shares traded near $6.51. Appears to add to the short Sep 6 call position opened on Tuesday when a trader rolled short Aug 5.5s to Sep 6s.