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WhatsTrading.com Options Recap — 05/24/2013
Stock market averages slipped early and bounced around in a range through midday Friday. Volatility in overseas markets set the table for the morning losses and offset a better-than-expected reading on Durable Goods for April (+3.3 percent vs. 1.6 percent consensus). A round of disappointing earnings from a number of retailers – FL, SHLD, ANF, [...]
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 [...]
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 [...]
WhatsTrading.com Options Recap — 05/22/2013
Fed officials sent markets on a roller coaster ride Wednesday. Bernanke grabbed the spotlight mid-morning. In testimony to Congress, the Fed head said he thinks that policy should remain accommodative for the foreseeable future because the economic recovery remains very fragile. Stock market averages rallied to session highs on the benign commentary. Yet, the gains [...]
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 [...]
