Small Cap Stocks
Arch Coal attracts increased put activity as shares falter Monday. The stock is 10.6% to $3.62 after a judge turned down the company’s request for protection in a bond swap deal. On the options front, 5K Dec 3 puts on the coal company are being opened today. Jan 2 puts, Jan 2.5 puts, and Jan [...]
Advanced Mico attracts early put selling. The stock is up 3c to $1.97 and 50K Jan 1.5 puts on the chip-maker traded at 9c along with 20K Jan 2 puts at 30c per contract. Both blocks traded electronically on ISE and are opening sellers for customer accounts, according to ISEE data. The interest comes a [...]
Bad apple in the Fresh Market options. The stock is halted after a 9% spike and, with shares south of $24, 1.3K expiring 25-strike calls are opened for 40c per contract. The stock is now up $2.67 to $26.96 and 25-strike calls are now nearly $2 in-the-money.
Fuel Cell sees upside call buying. The stock is flat at 90c and small lots of Jan 1 calls on the alternative energy company trade for 20c before 4.4K printed on PHLX for 22c. More than 5K traded and the flow likely replaces expiring options. There’s 14.2K of open interest in Oct 1 calls and [...]
One giant spread in Mannkind appears to be a position adjustment. With shares up a nickel to $3.10, the Jan 3 – 10 call spread on the biotech trades at 35c, 17000X. While open interest is sufficient to cover in both strikes, the flow likely rolls deep out-of-the-money Jan 10 calls to the near-the-money Jan [...]
At-the-money premium seller in Keryx. The stock is up 26c to $4 and the Dec 4 straddle on the biotech is sold at $1.10, 4000X. The new position is expressing the view that shares will hold around these levels over the next couple of months. It captures earnings in early-November.
Call buyer opens the second largest block of open interest in Coeur D’Alene options. The stock is up a nickel to $3.17 and 10K Nov 4 calls on the mining company are bought for 10c per contract. 4-strike calls are struck 26.2% above spot and today’s purchase is tied to 200K shares. It opens the [...]
Oct 8 put seller returns to Advanced Micro. With shares up a nickel to $2, 42.8K at-the-money Oct puts are sold at 8c per contract and the investor also sold nearly 2M shares. The options action is likely closing a position opened on 6/30 when more than 200K were bought for 16c. While today’s selling [...]
Repeat action in Bazaarvoice. The stock is off 14c to $4.26 and 20K Nov 4 puts on the app software company trade at 7.5c. The flow appears seller-driven and to add to positions opened late-yesterday, which resulted in 30K of fresh open interest at that strike.
1500-lot of Jan 20 puts on AirCastle opens the largest block of open interest in the name. With shares up 15c to $22.39, a buyer is apparently opening the position and expressing concerns about the short-term outlook for shares of the commercial jet leasing company.