Large Cap Stocks
Citi sees spread trading. The stock is down 10 cents to $50.12 in the wake of stress test results and a May 57.5 – 60 call spread trades on the bank for 11 cents, 8000X. The 57.5 calls are opening and the 60s might be closing.
High volume in Visa. The stock is up $3.44 to $225.26 in active trading of 7 million shares and giving the Dow a big lift after a court issued a ruling on swipe fees. Roughly 40,000 calls and 8,900 puts traded on the credit card company, which is 3.5X the daily average for the name. [...]
T-Mobile attracts fresh call buying. The stock is up 73 cents to $32.90 and a 3000-lot of Apr 32 calls trades on TMUS for $1.70 on ISE. A customer bought-to-open, according to ISEE data. 4,900 now traded and 30-day implied volatility in the options is up 14% to 42. The stock was up yesterday as [...]
Nokia with noteworthy call buying. The stock is off 11 cents to $7.33 and an investor buys a 12000-lot of Apr 8s for 16 cents per contract. It’s tied to 288K shares of stock and might repeat from a month ago when 25000 were bought for 33 cents (see 2/25 color). Open interest at that [...]
Second day of call buying in PBR. Yesterday’s flow was focused on May 12 calls on the Brazilian energy company (see 3/20 color) and the activity created 11,635 contracts of new open interest at that strike. Jan 13, Apr 11 and Jul 13 calls saw opening activity as well. Today, the focus is on the [...]
Monsanto calls draw interest. The stock is up 24 cents to $114.24 and smaller lots of Jun 120s on the chemicals company printed for $2.73, $2.81, and $2.83 per contract. Then, an 8270-lot traded for $2.84. More than 10K have changed hands and today’s flow will create the largest block of open interest in the [...]
Big risk-reversal in BofA. The stock is down 23 cents to $17.69 on the heels of stress test results yesterday and the investor is buying the Jun 15 – 20 bearish rr on the bank for even money, 20000X. It appears to roll out of a similar position in Mar (20K Mar 18 calls also [...]
BofA Mar 18 calls seeing high volume ahead of the stress test results. Volume at that strike is now 103.5K against 105.5K in open interest. The contract is 8 cents out-of-the-money and will expire after tomorrow. The market is 10 to 11 cents. Some investors appear to be banking on good news.
TD Ameritrade attracts a hefty premium seller. The stock is up 74 cents to $35.18 and a 20000-lot of Jan 34.5 calls is sold on the online broker at $3.35 per contract. It’s opening and not tied to stock. An investor with an existing position in AMTD is possibly overwriting with in-the-money call options. It [...]
Hefty ratio spread in Ford. The stock is up 3 cents to $15.51 and the investor is selling 30000 Jun 16 calls on the automaker at 46 cents and buying 45000 Jun 18 calls for 10 cents. The spread probably closes from one month ago when the same 1X1.5 ratio spread traded for 32 cents, [...]