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 [...]
Advanced Micro Devices sees heavy short term call buying. 12K calls in first hour, 6x normal, with the largest block trading on the ISE as an opening customer byer paid 4 cents for 7000 4 strike calls expiring 10/10. Longer term April 5 puts and 6 calls also seeing opening activity. Earnings due 10/16.
Mighty big trade in Marvell. With the stock up 35 cents to $13.74 on a JMP Securities upgrade, a 25000-lot of May 15 calls on the chip-maker trades for 81 cents when the bid-ask was 65 to 81 cents. Then another 5,000-lot printed for 81 cents. 30,282 traded at that strike against zero contacts of [...]
Gopro with relative strength and a Jan 70 – 80 call spread on the stock trades at $3.50, 4580X. The stock is up $2.89 to $75.77 and the spread might close, or more likely, rolls a block of calls to the out-of-the-money Jan 80s from the in-the-money Jan 70s after today’s big move.
Micron call buyer lays out $3.5M in opening minutes. Buyer paid 3.45 for 10K MU Oct 29 calls as shares traded 31.88 5 minutes into the day. Earnings tomorrow afternoon, and today’s sweep may double a trade of similar size opened last Friday when a buyer paid 3.35 as shares traded 31.61 late in the [...]
Citrix Systems block leads single stocks at midday. Initiator sold 20,300 Nov 65 puts for 92.5cents tied to 477K shares at $70.40 to open a large position that will nearly double the put open interest on the cloud-focused technology company. Shares staged a steady climb over the past 6 weeks, topping out near 72.75 last [...]
Heavy call activity in Spansion. The stock is up 42 cents to $23.30 and, with shares at $22.90, 4,000 Nov 30 calls traded on PHLX for 75 cents when the bid-ask was 60 to 75 cents. It might close. 7,044 traded at that strike against 14,524 in open interest. Nov 29 calls have traded 3,567 [...]
NQ Mobile calls surge amid deal speculation. 10K calls in the first two hours (vs 800 puts) as shares lift 12% to 6.47 on reports Benzinga that Bison Capital is interested. Implied vol spiking from 11 points to 122% and most of today’s flow is in 6.5 and 7 strike calls expiring Friday. NQ is [...]
Bullish ratio trade in China social media platform YY this morning as shares lift 3%. 3way trade on the PHLX involved a sale of the Oct 65-70 put spread (on a 2020×2530 ratio) against a buy of 630 Oct 85 calls. Net premium is near zero and the 70s may close a purchase from 9/18 [...]
72,000 calls traded in EMC. The stock hit multi-year highs of $30.18 earlier today on reports the company held failed merger talks with H-P. Shares of the storage device-maker are now up 22 cents to $29.75 and the top trade in EMC optionS is an 11,870-lot of Oct 31.5 calls, sold at 14 cents. 17,700 [...]