Bearish
$IYR: Bearish Trading Continues…
Dow Jones Real Estate Fund (IYR) is down 33 cents to $67.73 and a Sep 61 – 67 put spread trades on the ETF for $1.61, 6457X. It might be repeat buying of activity seen yesterday (see 6/4 color), which created more than 31,500 in new open interest in both strikes. The spread has traded [...]
Pandora (P) Falls on Apple Anxiety
Pandora (P) is under fire today, falling $1.83 to $15.19 in active trading of 7 million shares, on reports Apple could unveil a streaming music service, as early as next week — Briefing. Investors are tuning in to options on Pandora as well. 9200 puts and 6760 calls so far. The top trade is a [...]
Sirius XM (SIRI) Put Buyer
Serious put purchase in SIRI as an investor just bought 41,000 Jun 3.5 puts on the satellite radio operator for 14 cents per contract. The position is opening and not tied to stock. Shares are down 4 cents to $3.50 and more than 50K of these at-the-money puts traded against 3,755 in open interest. No [...]
SPY: Unusual Put Activity Continues
SPDR 500 Trust (SPY) May 163 puts are again the most actives. Almost 300K contracts traded yesterday and the flow created 207K in open interest. OI at that strike is now 291K and the 9th largest among all listed options contracts. Another 32,900 already traded today. Early trades looked like buyers paying 21 cents per [...]
Buyers Seize Sprint Nextel (S) Puts
Sprint (S) is off 7 cents to $7.29 and $7 puts on the stock (expiring 5/31) are the most actively traded equity options contract in the first thirty minutes of market action Monday. 9,100 contracts have changed hands. Open interest is sufficient to cover, but some investors are possibly buying the contract on concerns the [...]
JP Morgan Chase and Company (JPM) Draws May Put Buyers
JP Morgan (JPM) drops 26 cents to $48.78 and May 48 puts on the bank are seeing interest today. Recent trades included a 10626-lot for 26 cents per contract when the market was 24 to 26 cents. A 12,000-lot traded earlier today for 27 cents per contract. More than 27K now changed hands against 36,333 [...]
Gold, Miners (GDX) Back Under Pressure
Rough day for the miners, as the Market Vectors Gold Miner ETF (GDX) drops 3 percent to $28.80. Gold is back under pressure and recently down $25 to $1443. Options on GDX are busy as well. 52,000 puts and 12,000 calls so far. One player bought 12,000 Jun 27 puts on the fund for an [...]
Trouble Brewing for Green Mountain Coffee Roasters (GMCR)?
Green Mountain Coffee Roasters (GMCR) options order flow seems bearish ahead of earnings. The company is due to report on May 8 after market. The stock is up 86 cents to $58.61 and the top trade is a bearish risk-reversal after an investor sold 3,000 Sep 70 calls on GMCR at $3.20 to buy 4,000 [...]
Caterpillar Inc (CAT) Helps Lift Dow to 15K
Caterpillar (CAT) adds $2.52 to $86.78 and is the Dow’s best gainer, helping to lift the 117-year old stock market average beyond 15,000 for the first time ever. One investor in the options market might be looking to hedge recent gains in CAT, as it appears that 16,100 May 87.5 calls are sold on the [...]
Yikes! EBIX Vol Spike..
EBIX drops $1 to $19.60 on heavy volume of 3 million shares on unconfirmed talk the company is being probed related to accounting practices — LINK TO STORY. The stock, which was up yesterday on reports Goldman is buying the Atlanta-based business software company for $20 per share, is under fire and options volume is [...]
