Small Cap Stocks
Vringo sees higher options volume on spread trading. The stock is down a nickel to $3.26 and the Aug – Sep 3.5 put spread on the New York, NY patents and property rights company trades for 24 cents, 4000X. Looks like a roll out to Sep from Aug and extending a bearish outlook in VRNG [...]
Sonic Automotive, not to be confused with Sonic Burger drive-thru, sees a sizable call buyer. The stock is down $1.13 to $25.06 on earnings and one player buys a 3,700-lot of Nov 30 calls on the auto dealership for 65 cents per contract. 5,600 traded on the day. Today’s volume represents big activity for this [...]
Coeur D’Alene sees early put flow. The stock is down 13 cents to $8.45 and an 8,122-lot of Jan 8 puts on the miner trades for 85 cents when the bid-ask was 75 to 85 cents. It’s opening and comes two days after the company provided an update related to a Palmarejo Mine plan. Earnings [...]
Pre-earnings call buying in Crox. The stock is up 6 cents to $14.92 and the top trade is a sweep of 4,000 Aug 15s for 65 cents across multiple exchanges when the bid-ask was 55 to 65 cents. A customer bought-to-open, according to ISEE data. 5,037 now traded at that strike. Aug 14 calls on [...]
Opening activity in Orexigen Therapeutics. The stock is off 10 cents to $5.22 and the Sep 5 – 7 call spread on the biotech is bought for 72 cents, 10000X. The new position is probably a play on a PDUFA date for an obesity drug, which was last month pushed back three months to Sep [...]
Bullish flow in Infoblox. The stock is up 7 cents to $11.98 and sweep buyers are showing interest in Jan 15 calls on the communciations company. Looks like $1.20 is being paid, to open. 7,183 traded total against 1,988 in open interest.
GT Advanced Tech adds 4% to $14.87 after a two-week 28% slide. One player seems to be positioning for additional gains in the months ahead, as a Jan 15 – 20 call spread on the semiconductor company is bought for $1.57, 2100X. Earnings due Aug 4.
Active trading in Gogo calls. The stock is up 12 cents to $16.25 and 8010 Aug 22s on the onflight internet company are swept across multiple exchanges for 25 cents. 9,677 now traded against 1,746 in open interest. The market has lifted to 35 to 40 cents. Aug 20 calls on GOGO have traded 2,710 [...]
MTG adds 14 cents to $7.90 after sliding to multi-month lows on earnings yesterday and a three-way spread is being initiated on the stock Thursday. The investor is apparently selling 6,250 Jan 7 puts on MTG to buy 6,250 Jan 8 – 10 call spreads, paying 13 cents for the package, 6250X. The combo has [...]
Opening activity in MagicJack short term calls. The stock is up 38 cents to $14.33 and 1,590 Jul 12.5s have changed hands. Open interest is 78. Looks like CALL buyers. Earnings due in the first week of August.