Small Cap Stocks
Walter Investments sees increased options activity. The stock is down 6 cents to $29.40 and the top trade on WAC is a 1600-lot of Feb 30 calls for 60 cents when the market was 55 to 60 cents. More than 2,300 traded and the flow will create one of the largest blocks of open interest [...]
Alpha Natural Resources attracts increased call activity. The stock is down 4 cents to $5.05. Roughly 18000 calls and 2,945 puts traded on the coal producer. The top trade is a Jan 7 – 10 call spread for 21 cents, 5000X on ISE. An investor is buying the spread and apparently rolling down in strikes, [...]
Put buyer goes deep in JC Penney. The stock is up 14 cents to $5.22 and 11800 Jan 2 puts are bought on the retailer for 40 cents per contract. More than 30,300 traded. The stock fell to new multi-year lows of $4.90 today and the interest in Jan 2 puts appears to be deep [...]
High put volume in Weight Watchers. The stock is up 88 cents to $28.94 on a positive Seeking Alpha article about valuations and is attempting to gain upside traction after falling to 52-week lows yesterday. In options action, the top trade on the membership weight loss company is a sweep of 711 Feb 22.5 puts [...]
Continued put activity in Corinthian Colleges.
Put volume trounces call volume in JC Penney. The stock is down 71 cents to $4.97 in heavy trading of 81.7 million shares after the embattled retailer released same store sales numbers this morning. JCP hit a high of $5.97 on the news, but sellers promptly resurfaced and sent the stock skidding to multi-year lows. [...]
Bears circle Corinthian Colleges ahead of earnings. The stock is up 3 cents to $1.47 a sweep of 2,500 May 1 puts traded on COCO for 10 cents, followed by another 2,000 for 10 cents. Volume at that strike is now 5,190 and the flow will create the largest block of open interest in the [...]
Massive bullish risk reversal trades a Take-Two shares hover near lows. TheFlyontheWall.com reports earnings beat but downgrades have shares lower by a bit more than the 10% implied reaction. One bold customer seems unfazed and bought the Sep 13-22 risk reversal 25000x on the ISE as shares traded near 16.55 for a 20cent debit. The [...]
Apollo Residential Mortgage attracts sweep put buyers. The stock is down 7 cents to $16.07 and the biggest options trade on the stock is a sweep of 431 Aug 15s for 80 cents when the market was 75 to 80 cents. Volume at that strike is 4,194 against 7 in open interest, as some players [...]
Virnetx Holdings sees higher volumes. The stock is spiking, up 44 cents to $18.40, on volume of 382K shares. Options volume is 2.5X the daily average. 9870 calls and 340 puts so far. Sep 24 and Jun 25 calls are the most actives, but no news on the ticker to explain the action thus far.