Mid Cap Stocks
Possible roll in Linn Energy. The stock is down $1.18 to $27.81 and the investor sold 13,750 Apr 28 puts on LINE at $1.30 and bought 24,277 Apr 26 puts for 60 cents. The 28s might close and the 26 puts are opening. Shares are down 17.2% over the past month and the rolling down [...]
Carefusion sees increased call activity. The stock is off 49 cents to $39.71 and one player bought a 2200-lot of June 41 calls on the San Diego, CA medical instruments company for $1.53 per contract. 4,123 contracts traded total against 534 in open interest. The stock has seen choppy action lately and it little changed [...]
Sizable spread in Sun Edison. The stock is down nearly 7% to $18.90 in active trading of 3.8 million shares, but no immediate headlines on the ticker to explain the volatility. 69,000 calls and 1,825 puts traded in the name so far. One investor sold 29,000 Apr 22 calls on SUNE at 59 cents and [...]
Pre-earnings print in Gamestop. The stock is off 11 cents to $37.71 and it looks like the investor sold 1250 Weekly (3/28) 38.5 puts on the video game retailer at $1.82 to buy 2,000 Weekly 40 calls for 70 cents. The contract expires the day after the company reports earnings, which is the morning of [...]
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.