Mid Cap Stocks
Put buyers eye Lamar Advertising. The stock is down 30 cents to $52.64 and one player bought an 8000-lot of Apr 44s this morning for 50 cents per contract. Voume at that strike is now 12,646 against 1,488 in open interest. Investors are possibly hedging recent gains. LAMR is up 25.3% since August.
ServiceNow sees a bearish options play. The stock is down 4.4% to $63.70 and a Mar 65 – Apr 60 put spread is apparently being bought on the Santa Clara, CA business technology company for 60 cents, 4000X. Looks like a roll out to April and, if so expressing the view shares might continue falling [...]
Keep an eye on AutoNation for potential volatility near 52.50 strike. Block of 7000 March 52.5 puts are open, representing nearly a full day’s volume in the stock. Flow history shows the position was opened by a customer seller a week ago who collected 35c in a handful of sweep sales as shares traded near [...]
Staples sees a second day of increased options activity. The stock is off 6 cents to $11.34 and, like yesterday, the focus is on the Apr 12 calls. 7400 contracts recently traded for an average of 17.5 cents per contract. Wednesday’s flow (see 3/19 color) created 16,889 contracts of new open interest at that strike.
Alcatel Lucent attracts higher put volume. The stock is up 8 cents to $3.95 and the flow is focused on June 2.83 puts. 15,269 traded against 428 in open interest. The top trade is an 11925-lot for 10 cents when the bid-ask was 0 to 10 cents. Looks like a downside buyer is bracing for [...]
Call buyer scoops up Western Refining calls ahead as shares spike 1%. Buyer paid 40c for 2000 March 21 calls in a 5millesecond sweep consisting of 27 individual trades! Shares were $40.57 at the time and are now 41.16 and the calls are trading 70c.
Bullish flow in Boardwalk Pipeline. The stock is flat at $12.51 and a 10000-lot of Jun 15 calls was bought on the Houston, TX oil and gas company for 48 cents per contract. Another 4,500 were bought separately for 50 cents each. Volume at that strike is 18,315. Open interest is 28,788 and the largest [...]
Noteworthy options action in NRG. The stock is up 13 cents to $30.29 and an investor is selling 4000 Sep 29 – 36 call spreads on the energy company to buy 4000 Sep 31 – 35 call spreads for 67.5 cents. Therefore, they are selling the Sep 29s and 35s, possibly to close, as open [...]
Rowan call volume 27x normal with upside buyer driving the action. Nearly 10K July 36 calls have traded today in a number of large sweeps averaging 74cents to create the largest block of open interest in the offshore driller. Strike is 11% above spot and the flow has bid IV up nearly a point to [...]
American Airline attracts increased options volume. The stock is down 31 cents to $37.04 and a four-way spread is driving much of the activity. The investor is apparently selling 10,000 Jan 25 – 35 call spreads on the airliner at $7.10, to close, while opening 10,000 Jan 40 – 50 call spreads for $2.50. AAL [...]