Seagate (STX) loses 12 cents to $14.89 and STX Jan 14 calls are seeing early interest. The action is similar to last Thursday (see 12/9 color), as one strategist initiated a buy-write, selling Jan 14 calls for $1.23 against shares (register to read more …) [...]

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Seagate (STX) loses 4 cents to $15.03 and the STX Jan 14 buy-write has been popular in recent trade. 5500 traded at 32 cents over (Jan 14 calls at $1.56 vs. $15.24) and 2500 at 35 cents over. 10,250 contracts (register to read more …) [...]

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Sirius XM Satellite (SIRI) is up 2 pennies to $1.39 and a noteworthy trade late-Tuesday was a block of 25000 Jan13 $2 calls at 26 cents when the market was 28 to 30 cents. It traded just before 3:00 and (register to read more …) [...]

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iStar Financial (SFI) adds 23 cents to $5.62 and 2000 July 6 calls were sold at $1.25 each. It was part of an opening buy-write and tied to stock at $5.61 (1.64 over), according to a source on the floor. (register to read more …) [...]

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Commscope (CTV) adds 68 cents to $32.13 and a recent options trade is a Dec 31 buy-write at 30 cents over, 500X. Looks like it has traded more than once today, as volume in the contract is now approaching 7000. (register to read more …) [...]

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Buy-write in the Select Sector Financials (XLF) early Thursday after an investor sells 30K Dec 15 calls at 76 cents and buys 3 million shares at $14.33. Shares are up 28 cents to $14.43 and implied volatility down about 3 (register to read more …) [...]

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BP hits a new 52-week low of $36.90 Tuesday morning and was recently down $4.79 to $38.19 after the oil giant said its operation Top Kill to stem the oil leak in the Gulf spill was not successful. In the (register to read more …) [...]

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BP gapped higher and is up $2.42 to $44.83 after Bloomberg reported operation “top kill” temporarily stopped the oil flow from the Gulf spill. Meanwhile, Oppenheimer upgraded the stock to Outperform, saying the upside potential for shares is now significantly (register to read more …) [...]

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Pfizer (PFE) was down 22 cents to $15 midday Tuesday and the top trade in the name was a block of 6750 Dec 15 calls on the $1.39 bid. Looks tied to 675K shares at $14.99 and part of a (register to read more …) [...]

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CenturyTel (CTL) is down 93 cents to $35.27 and options volume is running 12X the recent average daily after the company announced plans to buy Denver’s Qwest Communications (Q), to create the nation’s third biggest local phone service and Internet (register to read more …) [...]

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