Bullish
Volume Spike in Vale
VALE drops 39 cents to $14.82, new 52-week lows, in active trading of 13.5 million shares and options volume on the Brazilian metals and minerals company is running 2.5X the daily average. 38,000 calls and 10,000 puts so far. June 17 calls, which are 14.7 percent OTM and expiring in three-and-a-half weeks, are the most [...]
Busy Morning for Weeklys on the SPDR S&P 500 (SPY)
SPDR 500 Trust (SPY) adds $1.86 to $167.17 in active trading of 47.5 million shares after European markets rallied Tuesday and on the heels of better-than-expected US consumer confidence numbers. On the options front, trading in SPY is active today. 800,000 puts and 441,000 calls so far. Weekly (5/31) 164 puts on the Spiders, which [...]
Hi, Ho Pan American Silver (PAAS)
Pan American Silver (PAAS) is up 2 cent sto $12.22 and options volume on the stock is running 3X the daily average. 6,125 calls and 1,075 puts. Jul 14 calls are the most active. 2,415 traded against 787 in open interest. Looks like a sweep buyer paid 35 cents per contract on 2,400 contracts. Jun [...]
Pandora (P) Options Are Rockin Ahead of Earnings
Pandora (P) is notching new 52-week highs and implied volatility in the options on the Internet radio company is elevated ahead of earnings. The stock is up 45 cents to $16.93 in brisk trading of 6 million shares. Meanwhile, about 45,000 calls and 7,200 puts traded on the stock so far. June 21 calls, which [...]
Micron (MU) Sees More Call Buying
Micron (MU) continues its climb to two-year highs and is up 44 cents to $11.67 in brisk trading of 13.4 million shares. In options action, an 8,400-lot of July 13 calls trades on the stock for 31 cents, followed by another 5,000-lot for 33 cents. More than 15,000 now traded against 9,845 in open interest. [...]
TD Ameritrade (AMTD) Attracts Big Spread Trade
TD Ameritrade (AMTD) is off 25 cents to $22.32 and 47,000 Aug 23 calls are sold on the online broker, down to 80 cents per contract. Separately, 25,600 Jan 26.5 calls traded on the stock for 65 cents per contract. Like last week, the flow seems to be rolling of positions opened in early-March, when [...]
Action Heats Up for Arch Coal (ACI)
Arch Coal (ACI) ticks seven sents higher to $5.08 and sweep of 1,218 June 5.5 calls traded on the stock for 17 cents a few minutes after the bell, then 1,490 more for 18 cents. Looks like early call buyers on the coal producer. 2,828 contracts traded.
Options Action Heats Up in James River Coal (JRCC)
James River Coal (JRCC) is up 45 cents to $2.67 in active trading of 883K shares and options action is heating up as well. 4,625 calls and 1,245 puts in the first five minutes of Friday’s session. Early trades include a sweep of 2,970 Jun 3 calls for 15 cents per contract when the market [...]
Diana Shipping Inc (DSX) Draws Call Buying
Diana Shipping (DSX) is up 45 cents to $10.57 in active trading of 2.2 million shares as the sector sees relative strength on earnings from Eagle Bulk Shipping (EGLE). Options volume on DSX, which reports the morning of 5/22, is running 8X the daily average. 7,800 calls and 1,215 puts so far. Jun 11 calls [...]
What’s With VIX?!?
Odd action in VIX, as it moves up .52 to 13.29 and sesson highs, even as the S&P 500 gains 11.06 points and also moves to its best levels of the day of 1,661.49. Relatively active trading is happening in the index market, with about 619K calls and 511K puts traded SPX, VIX and other [...]
