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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. [...]
Pandora (P) Falls on Apple Anxiety
Pandora (P) is under fire today, falling $1.83 to $15.19 in active trading of 7 million shares, on reports Apple could unveil a streaming music service, as early as next week — Briefing. Investors are tuning in to options on Pandora as well. 9200 puts and 6760 calls so far. The top trade is a [...]
T Mobile US (TMUS) Sees High Call Volume
T Mobile (TMUS) adds 37 cents to $21.35, new highs, and an investor sells 9,000 Jul 20 calls on the stock at $2 to buy 15,000 Jul 23 calls for 67 cents each. The Jul 20 calls probably covers a 9000-lot bought for 89 cents on 5/13 when the stock was $19.30. The Jul 23 [...]
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 [...]
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. [...]
