Apple attracted noteworthy options action Friday. With the stock trading up to $114, a 20750-lot of Jan 90 puts on AAPL trades for 9 cents when the bid-ask was 7 to 9 cents. 36,261 contracts were opened at that strike, according to today’s open interest numbers. The contract is 21% out-of-the-money and expiring in 18 [...]
Atmel call volume spikes as buyer opens Feb 10 position. Initiator paid 20c for 3400 Feb 10 calls a moment ago as shares traded 8.49. Total call volume approaching 3900 contracts, 6x normal, while put volume is zero.
Active trading in GoPro as shares continue this week’s rally. GPRO is up 2.5% to $68 and has rallied 26.2% since Friday. Share volume is 4.8 million and running much higher than normal (expected is 1.3 million). Meanwhile, 22,000 calls and 9,570 puts traded in the name, being led by opening activity in the expiring [...]
Facebook Feb 65 – Mar 62.5 put spread trades at even money, 12427X. The Feb 65s open and the Mar 62.5s might close. So the activity might roll a block of (long) Mar 62.5 puts to Feb 65s, which seems to be expressing concerns about potential losses in shares over the next 7 weeks. FB [...]
Update on NVDA. The 10000-lot of Feb 15-strike for 13 cents mentioned at 10:45 is apparently being taken down. Instead, customer bought a 38000-lot for 14 cents. Mar 15 puts are seeing opening activity with more than 2,000 contracts changing hands.
NVIDIA deep out-of-the-money puts are busy for a second day. Players opened in the Feb 15, 16 and 17 puts on the graphics chip-maker yesterday (see 12/23 color). The top trade in NVDA options today is a 10000-lot of Feb 15-strike puts for 13 cents. A buyer is opening and the bearish flow seems to [...]
Nationstar Mortgage Jan 35 – 50 call spread at 9 cents, 15000X. The stock is down 97 cents to $27.25 today and a seller might be closing from Feb when the stock was at $30 and the same thing was bought for $2.70, 15000X (see 2/13 color).
Noteworthy spread in NQ Mobile. With the stock up 28% to $4.42 on news of a stock buyback plan, a Jan2016 5 – 8 call spread on the mobile internet company trades for 75 cents, 20000X. it appears to be a buyer and maybe rolling a block of 8-strike calls to the 5 line. The [...]
Graphics chip-maker NVIDIA sees increased put activity. The stock is flat at $20.78 and 2368 Feb 15 puts on NVDA are swept across multiple exchanges for 7 cents when the bid-ask was 3 to 7 cents. At the same time, 1600 Feb 16 puts traded for 11 cents and 1411 Feb 17 puts for 16 [...]
Early call buyer in CREE as shares lift above $33. Nearly 5000 calls traded in the first half hour, vs 1200 puts, with Jan 33 calls seeing much of the flow, including a sweep of 1463 at the 1.41 offer when shares were near 33.21. Opens a new position on the LED maker but is [...]