Bullish
Unusual Options Activity in Morgan Stanley (MS)
Morgan Stanley (MS) is up 7 cents to $26.39 and early trades on the investment bank include a sweep of 1,800 Jun 26.5 calls for 21 cents, following by 3,200 more for 24 cents. 7,200 now traded against 3,547 in open interest and data from ISE is hinting at opening customer buyers. The interest seems [...]
Fusion io Inc (FIO) Finds Early Call Buyers
Fusion Io (FIO) dropped to new lows of $12.75 on news another company co-founder has left the board, but has since rebounded and is up 14 cents to $13.43 in heavy trading of 2.7 million shares. Options action on the Salt Lake City data storage device-maker is heating up as well. 5,280 calls and 2,500 [...]
Spread Trade Expresses Confidence in Micron ($MU)
Micron (MU) adds another 56 cents to $13.31, new multi-year highs, and an investor sells 16000 Oct 12 calls on the stock at $2.43 to buy 18,000 Oct 14 calls for $1.41. Open interest in the Oct 12s is 57.6K and so today’s activity in the contract is possibly closing. We noted large buyers opening [...]
Blackberry (BBRY) Sees Brisk Trading
Brisk trading in the call options on Blackberry (BBRY) Friday morning. The stock is up 25 cents to $14.77 on increasing volume of 5.5 million shares and has rallied 8.3 percent in the past two days after being upgraded at Societe Generale. 26,000 calls and 7,000 puts already traded in the options on the mobile [...]
Williams Companies (WMB) Drop Spurs Bullish Trading
Williams Companies (WMB) drops 91 cents to $33.12 on talk of a plant explosion (Reuters) and one investor apparently sees the weakness as an opportunity for a bullish three-way spread, selling 2500 Jan 30 puts on the natural gas producer at $1.80 to buy 2500 Jan 40 – 45 call spreads for 60 cents.
Unusual Activity in Penn West Petroleum (PWE)
Pennwest Energy (PWE) adds 40 cents to $11.12 in active trading of 2.2 million shares and call options on the stock are busy for a second day. Yesterday’s flow created almost 6,000 contracts of new open interest in the Jun 11 calls on PWE (see 6/11 color). Another 9,300 calls and 2,400 puts traded on [...]
Celldex Therapeutics (CLDX) Sees Vol Spike
Celldex (CLDX) is up 94 cents to $15.52 in active trading of 2.5 million shares and options volume is running 7X the daily average. 5,380 puts and 2,390 calls so far Implied volatility in the options on the biotech is moving up 26 percent to 60, new 52-week highs, and some investors are apparently seizing [...]
Going Deep In iPath VIX S-T Futures (VXX)
Short-term VIX Futures ETN (VXX) is off 81 cents to $19.12 after in-line jobs data sparked a relief rally and sent implied volatility broadly lower throughout the options market Friday morning. An unusual trade in VXX this morning is a 38,530-lot of Weekly 37 calls, expiring next week, for 2 cents per contract. It’s opening [...]
Smithfield Foods (SFD) Sees Suspicious Activity
Reuters is reporting that a Thai trader has been busted for $3million in gains on call purchases made on 5/29 ahead of the Smithfield deal. Chart and story here http://stocktwits.com/message/13966399
Intel (INTC) Sees Brisk Trading on New Product Hopes
Intel (INTC) is up 47 cents to $25.71 in active trading of 38.5 million shares, as investors react to the company’s new product offerings being displayed at Computex, which takes place in Taipei in 2013. Options on the stock are seeing a day of heavy trading as well. 176,000 calls and 112,000 puts so far. [...]
