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Delphi Automotive Plc (DLPH) $27.70 -1.74%
Delphi Automotive (DLPH) is off 49 cents to $27.70 and options volume on the British parts-maker is running 9X the daily average, being driven by 15,000 Aug 35 calls bought for 20 cents per contract. Aug 35 calls on the stock saw interest last week as well (see 5/15 color) and open interest on 5/16 [...]
Financial Select Sector (XLF) $13.79 -1.53%
The top trade so far today is in the SPDR Financials (XLF) after a 24,730-contract block of Aug 13 puts trades on the ETF for 54 cents on ISE. It’s an opening buyer for a customer account, according to ISEE. 25,235 now traded. Shares are down 22 cents to $13.79 and the XLF Aug 13 [...]
American Eagle Outfitters Inc (AEO) $19.70 -0.43%
American Eagle Outfitters (AEO) is up a dime to $19.89 and options on the apparel retailer are actively traded today after the company reported a 22-cent quarterly profit, which was three cents better than Street estimates. The top options trades on the stock are part of a three-way, in which the investor sold 4,000 Jan [...]
Anadarko Petroleum Corporation (APC) $62.56 -2.42%
Anadarko Pete (APC) loses $1.46 to $62.65 and an Aug 50 – 60 (2X1) put ratio spread trades on the stock for $1.36, 3000X. Looks like a bearish bet on the energy exploration company, but is possibly a position adjustment. Open interest is sufficient to cover in both contracts.
CONSOL Energy Inc (CNX) $29.36 -1.62%
Console Energy (CNX) is off 56 cents to $29.29 and early options trades on the stock include a three-way, in which the investor sold 4,000 Oct 35 calls on CNX at $1.71 to buy 4,000 Oct 24 – 29 put spreads for $1.96. The spread has traded 4,800X on ISE this morning and ISEE is [...]
Red Hat Inc (RHT) $54.17 -3.82%
Red Hat seeing unusally heavy early put volume and a spike in 30day ATMIV as shares trade down 4% to 54 in heavy spot volume approaching a million shares (ADV is only 2million). June 55 and 60 puts are the focus, with buyers of both contracts in a few sweep waves 2mins into the day [...]
WellPoint Health Networks (WLP) $67.00 +0.15%
Wellpoint (WLP) is flat at $66.92 and options volume on the healthcare provider is 4X the daily average, with 36,000 calls and 2,425 puts traded on the stock. June 70 calls, which are 4.6 percent OTM and expiring in three and a half weeks, are the most actives. Two lots totaling 6500 contracts traded for [...]
What’s Up with the Heathcare names Today
Bullish trdaing in a number of healthcare names today. UnitedHealth Group with 19045 calls trading, or 5x the recent avg daily call volume in the name.Health Management Associates with 10487 calls trading, or 63x the recent avg daily call volume in the name. Bullish flow detected in Humana Inc with 7829 calls trading, or 3x [...]
Verizon Communications Inc (VZ) $41.40 +0.15%
Verizon (VZ) is up 12 cents to $41.46 and is one of 13 Dow stocks holding gains in the final hour. Recent trades on the stock include a Sep 41 – 42 strangle bought for $2.94, 7250X. The hefty premium purchase looks opening and to be volatility play on Verizon. Meanwhile, June 41 puts are [...]
Hewlett Packard Co (HPQ) $21.84 -0.23%
Hewlett Packard (HPQ) is off 8 cents to $21.81 and recent trades on the computer-maker include a three-way spread, in which the investor sold 14,900 HPQ Nov 17 puts at 63 cents to buy 14,900 Nov 24 – 30 call spreads for $1 even. 37 cents was paid for the three-way and appears to be [...]
