Bearish

CBOE Volatility Index (.VIX) $15.59 +1.10%

VIX ticks higher, attracts big call buyer. The index is up .12 to 15.54 and hit its best levels in nearly two months this morning after ticking to 15.84. The top options trade in the VIX pit, which is also the biggest print across the entire options market so far Thursday, is a 40000-lot of [...]

December 12, 2013 | 0 Comments More

JC Penney’s (JCP) woes continue.

The stock is down 6.7% to $8.25 on news late yesterday that the company received a letter from the SEC asking for information about cash and liquidity. On the options front, one player sold 20,000 Feb 9 puts on the retailer at $1.50, bought 10,000 Feb 8 puts for $1.02 and bought 10,000 Feb 7 [...]

December 6, 2013 | 0 Comments More

Bold Bet on BlackBerry (BBRY)

Butterfly on Blackberry (BBRY). The stock is down 22 cents to $5.92 and a Jan 3 – 4 – 5 put fly is bought on the stock for 10 cents, 10000X. It might be an adjustment, as open interest is sufficient to cover in the 3s and 5s. If opening, the spread would be targeting [...]

December 5, 2013 | 0 Comments More

Twitter Inc (TWTR) $39.26 -4.15%

Twitter put volume very heavy as shares dipped below $39. Lowest level since IPO and puts lead calls 2:1 with Dec 35s leading the volume. 27% OTM Dec 50 calls also busy with 4600 trading at an avg px of 12.5 cents, but those are closing shorts opened earlier this month in the 65-75 cent [...]

November 25, 2013 | 0 Comments More

Put buyer shops at JC Penney (JCP)

The stock is down 21 cents to $9.22 after rallying on earnings yesterday. An investor today bought 9,800 Jan2016 $5 puts on the stock for $1.76 per contract. 10,820 traded on the day against 69,120 in open interest. Most of the OI dates back to October when buyers were opening (see 10/24 color). Today appears [...]

November 21, 2013 | 0 Comments More

Upside Call Writing in Mechel Open (MTL)

Mechel Open Joint (MTL) sees relative weakness. The stock is down 27.5 percent to $2.08 after the steelmeeker released operating results and it looks like some invetors are selling the Jan2015 $7 calls on the stock at 25 cents per contract this morning. The largest trade is a 1000-lot when the bid-ask was 25 to [...]

November 13, 2013 | 0 Comments More

Halliburton Holds Higher on Analyst Day

Halliburton (HAL) is up $1.05 to $54.17 in active trading of 7.3 million shares and Nov 55 calls are possibly being liquidated on the oil driller. 2,468 traded against 17,223 in open interest. Weekly 54 and 55 calls are the next most actives in HAL and trading mostly on the bid as well. Implied vols [...]

November 6, 2013 | 0 Comments More

Facebook Inc (FB) $49.55 -1.35%

Massive collar trades are printing in Facebook options ahead of earnings. Paper buying Jan15 47puts and selling Jan15 55 calls for a net debit of 30cents, tied to nearly 5million shares of stock at $49.80. Both sides open and nearly 58,000 spreads have traded. Shares are up nearly 100% on the year and popped 29% [...]

October 29, 2013 | 0 Comments More

Huge Put Purchases in Emerging Markets ETFs

The day after more than 100,000 Dec 41 puts were opened on the Vangaurd Emerging Markets Fund (VWO), a 208,000-lot of Nov 42.5 puts trades on the iShares Emerging Markets Fund (EEM) for 76 cents on ISE when the market was 67 to 71 cents. Data from the ISE is reporting an opening customer buyer. [...]

October 24, 2013 | 0 Comments More

J C Penney ($JCP) Still Plummeting

JC Penney (JCP) has come under renewed selling pressure and is down 62 cents to $7.24, new lows, in active trading of 30 million shares. Options action is picking up as well. 44K calls and 81K puts on the retailer so far. Spread trading is driving higher volumes in the Nov 7 – 8 puts, [...]

October 15, 2013 | 0 Comments More
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