Small Cap Stocks
Kindred Healthcare call volume 200x normal this morning. Shares little changed near $19.50 and Nov 20 calls are the focus, with an opening customer buyer paying $1.25 for a few hundred contracts when shares were near early lows of $19.20. 2100 traded so far, most for $1.30 and as shares lifted above 19.50, buying continued [...]
Tekmira Pharm sees interest for a second time this week. Aug 25, Aug 20 and Sep 30 calls on the biotech drew interest on Monday (see 8/11 color), as the stock rallied to a multi-month high of $26.05. However, TKMR slumped 18% yesterday on cautious commentary from the World Helath Organization about Ebola vaccines. Now, [...]
Coal producer Walter Energy draws a large call spread. With the stock down 27 cents to $6.42, the Aug 5.5 – Sep 6 cs on WLT trades for 30 cents, 22000X. Looks like the Aug 5.5 are being bought-to-close for 95 cents while the Sep 6s are sold-to-open at 65 cents. If so, the position [...]
Callaway Golf with 7.5X daily options volume driven by risk-reversals. Looks like the investor is collecting 10 cents to sell Nov 7 puts and buy Nov 10 calls, 3493X on the day. The new position is being opened as shares drop a nickel to $7.76 on the day.
Bearish play in Coeur D’Alene. With the stock up 3 cents to $8.38, an investor bought 10,000 Dec 8 puts and 10,000 Jan 7 puts on the miner, paying $1.30 for the put ‘stupid’ spread, and is opening a new position. CDE has seen a 6.5% bounce since reporting earnings a week ago, but is [...]
Dex Media draws increased options action. The stock is up 51 cents to $13.40 after the company reported earnings yesterday and the Aug – Sep 12.5 call spread on the phone directory company is apparently being sold at 40 cents, 20000X. It probably rolls a block of (short) in-the-money calls to Sep from Aug. Trade [...]
Aeropostale calls active on bullish analyst commentary. The stock hit a high of $3.68 this morning after Wunderlich said the retailer is ‘weathering the storm’. ARO is now up 15 cents to $3.52 and Jan 3.5 calls are the most active options on the stock. 13,500 traded, including a sweep of 2,000 contracts for 81 [...]
Seabridge Gold sees increased call activity. With the stock up 39 cents to $10.29 per share, 2,979 Nov 9 calls on the mining company are swept across multiple exchanges for $1.75 when the market was $1.45 to $1.75. 3,463 traded total against 1,096 in open interest. The market is now $1.80 to $1.95.
Another big print in IMAX. The stock is up 9 cents to $26.92 and a 10000-lot of Aug 27 calls on the cinemas company is sold at 30 cents. It’s probably closing. Earlier, an Aug 26 – Dec 30 call spread on IMAX traded at 15 cents, 20200X. I noted that both legs of the [...]
Interesting trade in IMAX, as the investor sells the Aug 26 – Dec 30 call spread on the stock at 15 cents, 20220X. With the stock up 6 cents to $26.89, the Aug 26s, which are in-the-money and expire at the end of this week, are sold at $1.10 to open. The Dec 30s are [...]