Bullish

Bank of America Corporation (BAC) $16.41 +1.93%

More than a half million options traded on BofA. The stock was up yesterday on a Citi upgrade and has added another 34 cents to $16.45 on heavy turnover of 93 million shares Friday. Options on the bank are seeing a second day of heavy trading. Volume is 2.5X the daily average. 418,000 calls and [...]

January 3, 2014 | 0 Comments More

BlackBerry Limited (BBRY) $7.06 +12.96%

Blackberry (BBRY) bounces back. The stock is up 83 cents to $7.08 in the wake of the company’s earnings report and Dec 7 calls on the stock are today’s most actively traded equity options contract (excluding ex-div activity in MO). With an hour remaining until the contracts expire, more than 65,000 traded and some of [...]

December 20, 2013 | 0 Comments More

Groupon Inc (GRPN) $10.35 +2.02%

Groupon (GRPN) sees big three-way spread. The stock is up 32 cents to $10.45 and the investor sold 9,200 Dec 9 calls on the stock at $1.35 to buy the Jan 10 – 12 call spread for 72 cents, 17070X. The activity is possibly rolling a position in Dec 9 calls that were opened on [...]

December 12, 2013 | 0 Comments More

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

Cisco (CSCO) seeing increased call volume.

The stock is up 4c to $21.31 and some players are focused on the Weekly (12/13) 21.5 calls, where 14,815 traded against 7,915 in open interest. The top trade is a sweep of 7900 contracts for 13c when the market was 11 to 13 cents. Looks like opening call buying and comes ahead of a [...]

December 9, 2013 | 0 Comments More

Call buyers running after Marathon Oil (MRO).

The stock is up 30 cents to $36.52. About 12,000 calls and 1,000 puts traded on the stock, which is 2X the daily average. Dec 37 calls are the most actives in the name. 4,600 traded against 3,973 in open interest Dec 36, 38 and 39 calls on MRO are also seeing interest and 30-day [...]

December 4, 2013 | 0 Comments More

Valero (VLO) calls seeing early interest.

The stock is up 2.3% to $45.38 and recent trades include a sweep of 3391 Jan 45 calls for $2 when the market was $1.97 to to $2. Volume at that strike is now 3,731 against 1,941 in open interest. MPC, another refiner, is seeing opening activity in Jun 105 calls. 1700 traded. Maybe a [...]

November 27, 2013 | 0 Comments More

Petrobras (PBR) weakness stirs increased call volume.

PBR is down 6.5% to $15.90 on a Wall Street Journal report that the Brazilian government will resist the company’s plans to adjust fuel prices. In options action, January 18 calls are the most actives in PBR today. 3,870 traded against 16,740 in open interest. Most of the flow is due to a 3200-lot for [...]

November 26, 2013 | 0 Comments More

Cypress Semi (CY) sees relative strength.

The stock is up 4.4% to $9.67 in active trading of 2.8 million shares, but no immediate headlines to explain the morning advance. On the options front, volume is 4X the daily average. 4,380 calls and 500 puts in CY so far. Jan 10 calls are seeing the most volume of 1615 contracts. Dec 10, [...]

November 22, 2013 | 0 Comments More

SPX upside call buyer, 1788.67 -0.16%

The S&P 500 is drifting down 2.32 to 1789.21 after briefly crossing over the 1800-mark for the first time ever Monday morning. On the options front, one player was buying 31,000 Feb 1975 calls on the S&P this morning for $1.65 per contract. Volume at that strike is 36,563 against 17 in open interest. The [...]

November 19, 2013 | 0 Comments More
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