Twitter options volume twice normal with earnings an hour away. On pace for 400K contracts today with calls leading puts 4:3 and 61% of today’s volume in weeklys that expire this Friday. Shares near 48.60, the center of their 52wk range of 30.50 to 73.31, and today’s volume is on track for the best since [...]
FireEye Weekly (11/7) 32 calls trade 3086 contracts. With the stock up 20 cents to $31.08, the top trade is a 2000-lot for $1.70 on PHLX when bid-ask was $1.45 to $1.70. Looks like a new position and will capture a Nov 4 earnings report.
Cadence Design adds 23 cents to $17.36 and calls on the software-maker are drawing interest. 3500 Oct 18s were swept this morning for 25 cents across multiple exchanges when the market was 5 to 25 cents. 7,935 now traded against 963 in open interest. The market is now 35 to 40 cents. Separately, 2,678 Nov [...]
Yahoo sees a spike in recent trade and some players are showing interest in expiring 39.5 calls on reports Starboard issued a letter to the company’s board of directors. The stock is now up 80 cents to $39.75. A large block of puts on Yahoo was noted earlier today.
Notable block of puts in Yahoo. With the shares up 10 cents to $39.05, a 10000-lot of Weekly (10/10) 39 puts traded for 87 cents on ISE when the bid-ask was 80 to 87 cents. It’s an opening position traded firm-to-firm, according to ISEE data. The new position comes after the 7.2% drop in YHOO [...]
Additional activity in Autodesk. Interest in Oct 65 calls was noted earlier (see 13:43 color) and appears to be closing activity. Separately, a 17000-lot of Oct 57.5 calls traded on the software company for $1.15 when the market was $1.11 to $1.16. It possibly closes as well. 21,651 traded total agaisnt 26,595 in open interest. [...]
Heavy pre-earnings action in the short-term options on Micron. The stock is down 55 cents to $31.67 and, of the 164,000 options trading in the name, 32.7% of the flow is in the expiring Weeklys and 37.7% in the October term. Weekly (9/26) 32.5 calls saw 8,410 contracts changing hands. Oct 32 calls, Weekly (9/26) [...]
Autodesk attracts increased call activity. The stock is off $1.08 to $54.58 and a 17870-lot of Oct 65s on the software-maker trades at 19 cents when the bid-ask was 18 to 19 cents. It’s not clear if a buyer or seller initiated the trade, but it’s possible that it closes a position opened in July [...]
Time spreads in PMC Sierra. The stock is off 18 cents to $7.55 and a Nov – Feb 8 call spread on the chip-maker is bought for 30 cents, 10000X on PHLX. Separately, a Nov – May 9 call spread trades for 36 cents, 10000X on ISE. Both spreads appear to be rolling long calls [...]
Apple options volume on pace to exceed the one-day record set earlier this month (see 9/9 color). The stock is down 3.1% to $98.60 after the company pulled its latest operating system due to reports of problems for users. More than 750,000 contracts traded in the first hour, which would put the options on track [...]