Large Cap Stocks
Interesting activity in Intel. The stock is up 20 cents to $24.19 and one of 27 Dow stocks holding gains late Friday. The interesting part is a 21800-lot of July 28 calls on the chipmaker, bought for 24 cents per contract, to open. More than 22,000 traded against 13,817 in open interest. Mar 25 calls [...]
Marathon Oil sees a big call buyer. The stock is up 70 cents to $32.51 and a 10000-lot of Jul 35 calls is bought on the stock for 77 cents per contract. It’s tied to 270K shares and maybe related to the 20000 Jul 35 calls sold on MRO at 75 cents yesterday (see 2/6 [...]
Caterpillar draws a hefty call spread. The stock is up $1.12 to multi-month highs of $94.97 and a Feb 92.5 – 97.5 cs is sold on the stock at $2.30. It’s tied to 2 million shares for $94.79 and seems to be expressing the view that CAT will see limited upside over the next two [...]
Citrix sees higher call volumes. The stock is up 55 cents to $54.78 and a 4500-lot of Sep 57.5 calls trade on the softare-maker for $4.80 when the market was $4.60 to $4.80. It’s opening. 5000 traded on the day. A sweep of 1827 Mar 50 calls recently traded on CTXS for $5.40 and appears [...]
Unusual options activity in Murphy Oil. The stock is up 61 cents to $56.48 and moving higher for a second day after a two-week 13.6% slide. Options volume on the stock is 12X the daily average, with roughly 12,000 calls and 1,145 puts. Players are expressing the most interest in Feb and Mar 62.5 calls, [...]
Bullish combo in JP Morgan 2016 options. The investor sold the Jan16 55 – 60 risk-reversal on JPM at $2.5, 3000X. It looks opening and we’re hearing it is the same investor that initiated a similar, but larger, trade in BofA today (see this morning’s BAC color).
American Airlines attacts early call buying. The stock is moving above $35 and record highs. The focus is on the Weekly 2/7 calls, which were trading for just a nickel yesterday morning. Open interest at that strike is 11,975 and increased by 3,552 since yesterday after 9,570 contracts changed hands Thursday. Another 4,789 are on [...]
BofA sees big prints in 2016 options. The stock is up 14 cents to $16.82 and it looks like the Jan2016 15 – 20 bullish risk-reversal is sold on the bank at 15 cents, 10000X. It might be closing or maybe an opening position for upisde exposure in the name for 2014-2015.
TEVA sees early upside call action. The stock is flat at $44.70 and a sweep of 1400 Jun 46s trade on the pharmaceutical company for $2.13 when the market was $1.82 to $2.13. It’s opening.
Marathon attracts call writer. The stock is down 36 cents to $31.73 and a 20000-lot of Jul 35 calls is sold on the oil refiner at 75 cents per contract, to open. The premium sale comes after the company reported earnings after the close yesterday.