Salesforce sees higher call volume. The stock saw a spike to $58.19 earlier this morning on activist investor chatter (according to Briefing). The gains didn’t stick, however, and CRM is now down 1.3% to $57.04 in active trading of 1.4 million shares. 11,000 calls and 1,570 puts traded in the name. Weekly (1/30) 59 calls [...]
Apple shares at lows into earnings, options suggest $7 reaction. Shares off 3.2% to $109.50 as the broad market sinks and 1.5M AAPL contracts have traded today with calls leading puts 9:5. 49% of the flow is in weeklys that expire in 3 days, where the 120, 115 and 114 strike calls lead the most [...]
Put selling continues in Jive Software. With the stock down a nickel to $5.78, a 10000-lot of Mar 5 puts on JIVE is sold at 15 cents per contract. It appears to repeat from yesterday and last week (see 1/26 color).
Opening action in Yelp Weekly (1/30) 57.5 calls. The stock is off 10 cents to $55.31 and a 2530-lot trades for 35 cents on ISE. A customer bought-to-open, according to ISEE data. 7,221 YELP Weekly (1/30) 57.5 calls traded total vs. 138 in open interest. The market is now 50 to 60 cents. The contract [...]
Active trading in Corning as shares rally on earnings. The stock is up 78 cents to $24.69 on volume approaching 10 million shares. 18,000 calls and 4,340 puts traded on the specialty glass-maker. Weekly (2/6) 25 calls are the most actives. 7,115 contracts traded vs 3,326 in open interest. Players are also opening in the [...]
Yahoo attracts options action ahead of earnings. The stock is down $1.15 to $48.29 and a 17880-lot of Feb 60 calls on the Internet company trades for 15 cents when the market was 12 to 15 cents. A buyer is possibly closing some positions opened in early-December when Feb 45 puts were being sold to [...]
Another big print in Microsoft. The stock is now off 9% to $42.78 and a 41,280-lot of Feb 43 calls on the software-maker is bought-to-close for 68 cents per contract on ISE. It probably offsets some positions opened on 11/17 when the stock was near $49.50 and 125,000 Feb 43 calls on MSFT were sold-to-open [...]
Another bullish play in Microsoft. The stock is now off 9.8% to $42.40 and the Jan2016 35 – 50 risk-reversal on the software giant trades at 41 cents, 20000X. The investor sold puts to buy calls and is possibly closing. May 42 – 49 call spreads on MSFT saw interest earlier (see 10:32 color).
Opening call spread buyer in Microsoft as shares sink 10% post earnings. Disappointing numbers have shares trading down nearly $5 (triple the move priced in by the straddle) and option volume is 10x normal, on track for 1.1M contracts and leading even Apple, which reports tonight. Notable flow in the May 42-49 call spread, where [...]
Feb 5 puts on Jive Software. With shares up 8 cents to $5.75, a 10000-lot trades at a dime. Looks like repeat selling from a couple of weeks ago (see 1/12 color), 1/2, and 1/15. If so, the positioning is expressing confidence that shares will hold above $5 through the Feb expiration and or the [...]