December 11th, 2013
Boeing (BA) December $135/$140 call spread trades 5,000X at $0.78 debit and looks to be adding to previous size call spreads in OI. BA shares are tightly coiled and can breakout to $140 by next Friday for a big gain in these spreads.
EMC Corp (EMC) holding near support and 3,000 February $25 calls buy to open $0.36 to $0.40 and later in the day 1,000 April $25 calls and 6,500 January $24 calls also bought offer side.
Carrizo Oil and Gas (CRZO) bullish action as 2,000 January 2014 $42.50 calls are bought $1.20 offers, a stock with a wedge lower and holding above its 20 week EMA, looking to clear $41 for a breakout
December 10th, 2013
NCR Corp (NCR) still trying to bottom and today 2,970 April 2014 $32 calls are bought $2.85 to $3 offers for nearly $700K call premium, a name that has seen some size position bullish in Jan. 2014 options after the recent fall, now trying to base above $32.
Beam Inc (BEAM) trade rolls 1,500 December $67.50 calls out to January 2015 bullish covered risk reversal as 1,500 $60 puts are sold at $3.50 to buy 1,500 of the $72.5/$80 call spreads at $2.10. Another 1,000 of these 3 way spreads later added.
Cooper Tires (CTB) December IV jumping as 10,000 December $24 calls are bought to open $0.75, a name that had a takeover deal break down and shares now well off the $34.50 high from this Summer, so interesting activity.
Veeco Instruments (VECO) trading 6X daily calls in early action with 2,200 April 2014 $33 calls bought to open $1.95 to $2.05. VECO shares for forming a rounded bottoming pattern on the daily.
December 9th, 2013
Alpha Natural (ANR) with 2,000 each of the February and March $7 calls bought offer side, trading daily average in calls of 10,000 in the first 90 minutes and 70% offer side for $350K call premium with shares breaking out of a base.
Bristol Myers (BMY) buyers for size in January 2014 $52.50 calls trading 5,500+ at $0.80 to $0.85 offers and IV jumping, looking to add to recent bullish positioning with shares holding support at the 50 day EMA.
Exxon Mobil (XOM) continues to see bullish call buying as 2,500 July $97.50 calls bought $3.25 and a 10,000 block of July 2014 $105 calls bought to open at $1.
Restoration Hardware (RH) January 2014 $70/$80 call ratio spreads opened 1,500X3,000 at $2.30 debits into 12/12 earnings
December 6th, 2013
Van Heusen (PVH) large spread ahead of 12/9 earnings sells 2,500 December $140 calls $1 and buys 2,500 December $130/$120 put spreads at $3.15, a spread often used to collar a long stock holding into events. Elsewhere the March $125 calls with buyers paying $11 today for 1,600 contracts, bullish action.
Refiner call buyers back at it again with Tesoro (TSO) February $65 calls bought 5,000X at $1.54 to $1.58 with 8,073 in OI and Valero (VLO) March $50 calls bought $1.92 to $1.98 for 5,000 contracts with 16,459 in OI. The group sets up for strong earnings with the recent move in the crack spread.
Altera (ALTR) more call buying today with 2,585 March 2014 $33 calls bought at $1.50 offers, more than $375K call premium purchased, a name seeing a lot of accumulation in 2014 calls since being hit hard last quarter on earnings.
December 5th, 2013
Sherwin Williams (SHW) buyers in January 2014 $190 and $195 calls today, trading 1,380 calls with 86% offer side and shares put in a nice reversal candle yesterday.
20+ Year Treasury (TLT) large bet it does not break support with 12,000 Dec. $101 puts sold to open $0.59 bid
Vulcan Materials (VMC) opening buys of 2,000 May 2014 $60 calls at $2.25 to $2.30
DR Horton (DHI) with an opening buy of 6,700 January 2015 $20 calls at the $2.70 offer, large bullish trade with shares forming a multi-month rounded bottom and recent housing data beating expectations with new home sales.
December 4th, 2013
Nuance (NUAN) climbing back from the earnings fall and saw a lot of put sales that day, and today traders buying 4,500 January 2014 $14 calls at $0.70 offers
Viacom (VIAB) nice base formed and breaking out, the January 2014 $82.50 calls sold $1.65 to close and 10,000 March 2014 $85 calls bought to open at $2.40 offer
YPF SA (YPF) finally with a multi-day pullback and fills a gap, and immediately option traders take more upside positions in the Argentina Oil play, the January 2014 $30 calls bought 6,000X to open at $0.80 to $1.10, trading 6X daily calls, and size remains in the Jan. $25 call OI above 9,500.
December 3rd, 2013
Laredo Petroleum (LPI) looking to rebound at its 200 EMA after a long slide and trades 6X daily calls as 2,000 April 2014 $30 calls bought to open $1.65 to $1.70. The $3.34B Co. trades 30.4X earnings, 5.23X Sales and 3.8X Book with strong EPS growth of 25%+
Abercrombie & Fitch (ANF) bullish action with 2,400 February 2014 $38/$29 bull risk reversals trading at $1.59 debits, and these same spreads opened 3,000X on 11-22, so traders positioning for ANF shares to recover.
Mylan (MYL) trades 3,000 January 2014 $45/$40 bull risk reversals to open at a $0.59 debit with shares consolidating after a recent surge to new highs
December 2nd, 2013
Gogo Inc (GOGO) trading 7,300 calls with bullish flow in the December and February $30 calls, trading 5X daily calls with $465K call premium bought as shares breakout of a post-earnings consolidation, a new hot Tech name as the future for mobile connectivity in flight.
Wal-Mart (WMT) calls active today, look to be adjustments staying bullish with December $80 calls being closed and buyers of 5,825 February 2014 $82.50 calls at $1.09. On 11-25 these February $82.50 calls were opened 5,000X at $0.92.
Graphic Packaging (GPK) with buyers of 1,870 June 2014 $10 calls at $0.50 to $0.55 offers, and a name that trades just 6 calls per day on average and has a total call OI of 620 before today. GPK shares are moving to 5 year highs and the $3.15B Co. trades 14.9X earnings, 0.71X Sales and 14.2X FCF with 25%+ EPS growth, an attractive name that could make a great M&A target.
November 27th, 2013
General Motors (GM) rallying back near highs and more than 6,000 January 2015 $40 calls bought in size at $3.90 offers, more than $3.4M in call premium bought today and Net Delta at +535K just 1 hour into the day.
WPX Energy (WPX) attracting more buyers on weakness of the January 2014 $20 calls with nearly 3,500 trading, buyers paying $0.40 to $0.45
Cablevision Systems (CVC) trading 3,000 January 2014 $17/$14 bull risk reversals at $0.40 debits, seen as a potential M&A target.
November 26th, 2013
Center Point Energy (CNP) buyers of 20,000 February 2014 $25 calls at $0.45 to $0.55. CNP shares were hit 7% today and the 30,000+ December $25 calls in OI that have accumulated from large buys are looking unlikely to work out, but traders are looking further out and expecting this name to eventually make a big move above $25.
Sun Edison (SUNE) rising with a flag formed and massive size in January 2014 call OI is today seeing large buyers of December $12 calls at $0.92 to $1.04 offers for more than 5,000 contracts, bullish action.
Sina Corp (SINA) rebounding after breaking to multi-month lows and active buyers of 1,050 March 2014 $75 calls at $7.75
November 25th, 2013
Penn West Energy (PWE) large buyers of 4,850 June 2014 $8 calls at $1.15 to open. PWE has been hit hard but has a lot of size in December call OI.
Cheniere Energy (LNG) March 2014 $42/$48 call spreads are bought 8,000X at $1.64 to open while 5,000 of the $36 puts trade at $2.50, above the offer, though the structure of the spread suggests the puts are likely being sold to open, a bullish covered risk reversal in a name with sizable upside positioning already in March options.
Barnes and Noble (BKS) seller of 3,750 Dec. 17 calls buys 3,750 Dec. 16/14 put spreads into 11/26 earnings
Chevron Corp (CVX) opening buys of 5,000 February 2014 $130 OTM calls $0.84 to $0.95
November 22nd, 2013
Peabody Energy (BTU) with buyers active for 5,300 January 2014 $20 calls against OI of 12,360, and a name with 23,347 December $20 calls remaining in OI. BTU shares have pulled back the last two weeks and are oversold near the lower Bollinger Band.
Altera (ALTR) shares bouncing back and 2,850 January 2014 $32 calls are bought to open at $1.30 offers, more than $415K call premium purchased, a name that has seen a lot of call accumulation, but yet to make a big move.
Cobalt Energy (CIE) IV drops sharply as 4,750 December $22.50 puts are sold to open at $1.10 with the stock trading $22.80, a show of support for the name that has struggled with recent well results, but exhibiting an inverted IV Skew with upside expectations into December/January time-frames.
Celldex Therapeutics (CLDX) with a buyer of 3,000 January 2014 $36 OTM calls at $1.30 and comes ahead of the Socieet for Neuro-Oncology meeting where Phase 2 data for rindopepimut in glioblastoma is expected for a direct readout of anti-tumor activity.
November 21st, 2013
Western Union (WU) shares bouncing intraday after a recent move lower on earnings, buyers active for 5,020 January 2014 $17 calls (OI 4,450) at $0.35 offers, cheap upside calls for an oversold bounce. The $9B payment services Co. trades 11.25X earnings, 1.63X Sales and 16.6X FCF with a 3.05% yield. On 11-12 First Analysis upgraded to Overweight and a $22 target. Late in the day the February 2014 $17 calls were bought 4,500X at $0.75 to open as well.
Avon Products (AVP) shares attempting to bottom and bullish activity today is buying the December $16 calls 4,400X in size buys at the $1.40 offer across multiple exchanges, IV30 jumping 9% today.
Schlumberger (SLB) holding the rising 50 day EMA on weakness and today a buyer of 5,000 January 2014 $92.5/$97.5 call spreads at $1.43 debit at the ISE.
November 20th, 2013
Archer Daniels Midland (ADM) with bearish positioning as 4,400 January 2014 ITM $4 puts are bought to open at $4.10, Net Delta at -300K today as traders look for a breakdown below the $40 level.
JC Penney (JCP) higher by 10% on earnings and follows the 10,000 January 2014 $10 calls bought the other day, and today 10,000 March 2014 $11/$8 bull risk reversals trade for an $0.18 debit
Juniper (JNPR) bullish positions continue to accumulate with April 2014 $21/$18 bull risk reversals active again today, 2500X
Quicksilver Resources (KWK) trading 30X daily calls as 10,000 January 2014 $2 calls open at $0.70. KWK shares are breaking out of a large cup and handle pattern and above its 50 week EMA, room to run to $3+. The $425M Oil & Gas Co. trades 0.63X Sales and 2.29X Cash with nearly 20% of its float short. KWK speaks at the BAML Energy Conf. on 11-22.
Russell 2000 (IWM) with notable opening action in January 2014 $111 calls today with 60,000 contracts trading. Action started with a 5,000 lot at $2.05 this morning, followed by two 16,000 lot blocks and then three 2,500 lot blocks at the offer later in the day, buyers from $2 to $2.17. The IWM was not able to take out the October highs in November, but a move above $111.50 sets up for a run to $115 as a target, and these $111 calls would pay off nicely.
November 19th, 2013
S&P 500 (SPX) February 2014 1,975 calls unusually active w/ sizable opening buys at $1.65, more than 35,000 contracts trading
Oracle (ORCL) with 6,000 January 2014 $34 calls bought $1.62 to $1.63 offers, look to be replacing stock ahead of December earnings, but keeping long exposure with shares showing relative strength in recent weeks.
Exelon (EXC) shares nearing a support breakdown and buyers active for 12,000 December $28 puts today at $0.75 offers, more than $675K put premium bought, and already 15K in OI at this strike, bearish action as 30 day IV jumps 5%.
AVG Tech (AVG) December $20 puts trade 4,000 to close, profit taking, but then 5,000 March 2014 $17.50 puts opened at $1.85, playing for more downside on the name that recently dove on earnings.
November 18th, 2013
Emerging Markets (EEM) leading call premium bought with nearly $5M in the first 2.5 hours of trading, a few large blocks with 35,000 March 2014 $46 calls, 13,400 January $42.50 calls, and 9,000 December $42 calls. The EEM is following China's lead with recent outperformance.
Bank of America (BAC) trading 135,000 calls in the first 2 hours, already near a day's average and $1.6M call premium bought, Net Delta +2.3M with size buyers in calls all morning as shares clear the key $15 hurdle today
Energy XXI (EXXI) shares have pulled back to re-test its prior breakout level and traders buy 1,000 June 2014 $28 calls at the $3.30 offer, sizable buy playing for a rebound.
November 15th, 2013
Tesoro (TSO) roll out of 10,000 January 2014 $50 calls to 10,000 May 2014 $60 calls bought at the $3.90 offer to open, taking some profits, but still expecting more upside in the refiner
Juniper (JNPR) has been a focal point of bullish options flow all week and shares acting very well the last two days, and continues today as 3,000 April $21/$18 bull risk reversals are reading at $0.37 debits.
PetSmart (PETM) buyer of 2,000 December $75 puts at $2.90 to open at the CBOE, reports earnings on 11/22
South Korea (EWY) trading 20X daily calls as 25,000 January 2014 $64/$68 call spreads are bought to open at $1.19
November 14th, 2013
Groupon (GRPN) attracting bullish options action today, the December $10 calls active again with 4,500 trading, and April 2014 $10 calls being bought at $1.94 with 5,000 contracts trading, many rolling from November.
Time Warner Corp (TWX) offer side buyers of 3,500 December $70 calls today near $0.80 offers, a name with 8,000+ April 2014 $70 calls remaining in OI from large buys, more bullish activity today.
Teva Pharma (TEVA) continues to climb back and seeing more bullish positioning today as the June 2014 $40/$35 bull risk reversals are opened 10,000X.
Michael Kors (KORS) holder of January 2015 $65 calls closes 2,150, and then buys 6,050 of the $82.5 strike calls
November 13th, 2013
Dana Holding (DAN) seeing no follow through to the earnings move that sent shares sharply lower and appear to be basing above $18.75. A trader today opens 2,300 June 2014 $19 calls at $2.10 to $2.15 offers, more than $425K call premium bought and trading 20X daily calls. The $2.79B auto parts Co. is a value play here at 9.8X earnings, 0.4X Sales and 9.1X FCF with a lot of cash and positive EPS growth.
Home Depot (HD) highlighted earlier this week with December call buying and today January 2014 $80 calls are bought 11,500X at $1.14 to $1.16 offers, large opening trade, and looks to be a stock replacement on 210,000 shares
QEP Resources (QEP) strong today as JANA Partners adds to its building stake in the Company and trading 12X daily calls today, the March 2014 $30 calls hot at $4.60 to $4.70 for 3,000+ contracts
November 12th, 2013
eBay (EBAY) trading 27,750 calls on the day led by offer side buyers, another day of more than $1.2M call premium bought, the January $55 calls most active with 13,000 trading, and 2,500 December $50 ITM calls bought, also a sale of 1,800 April 2014 $50 puts to open.
Salesforce.com (CRM) spread sells 5,000 May 2014 $65 calls $2.87 and buys 5,000 May 2014 $50 puts $2.97, small outlay for the bearish risk reversal, though based on the price action of shares likely a large long in the stock collaring his/her position, willing to be called away at $65.
Texas Instruments (TXN) with an opening buyer of 10,000 April 2014 $42 puts at $2.49 at the PHLX, looks to be protective as this name continues to shake off all bad news and rally despite puts accumulating, value players adding the stock.
IBM Corp (IBM) bull sticking with the name as shares move above the 50 day EMA and to multi-week highs, strong since the recent large buyback news. A trader rolls out 5,800 November $185 calls to December $185 calls that are bought to open at $3.
November 11th, 2013
Best Buy (BBY) saw a lot of Analyst love this morning, including a UBS upgrade to Buy, looking out to future earnings potential, and will report earnings on 11/19. A trader today buys the December $44/$49 call spread 7,500X at the PHLX at $1.70 to open.
Devon Energy (DVN) was featured positively in Barron's and today the November $65 calls look to be closing 15,000X at $0.09 while the December $65 calls buy 7,500X at $0.59 offer
Williams Co. (WMB) unusual buying of 4,000 November 29th (W) $35.50 calls at $0.32
LeapFrog Enterprises (LF) with buyers of 2,785 January 2014 $7.50 calls at $0.65 to $0.70, a name hit hard on earnings last week. The $515M Co. now trades just 12.6X earnings, 0.85X Sales, 1.57X Book and 9.8X FCF with no debt, a pure value name, though 30% of the float is short.
October 30th, 2013
Boeing (BA) with a large buy of 5,000 December $135/$140 call spreads at $1.12 debit. Shares have consolidated the earnings gap-up and remains well positioned in the strong Aerospace industry.
Nokia (NOK) made a strong move out of a range this week and today seeing 19,000 of the April 2014 $9 calls bought to open at $0.33 offers
Ciena (CIEN) trades another 3,000 December $24 puts today, though with the option quotes messed up, difficult to tell if new, but look to be adds and can confirm OI change tomorrow
UAL Corp (UAL) with buyers of 4,650 March 2014 $36 calls today at $2.29 to $2.56, bullish positioning as $450K call premium is bought.
October 29th, 2013
Michael Kors (KORS) giving up some of its early gains from the S&P 500 addition after also being downgraded this morning, but into 11/5 earnings a trader bought 5,000 November 8th (W) $77/$82 call spreads at $2.10 playing for a move to new highs.
Citrix Systems (CTXS) seeing more bottom buyers with another 1,000 December $60 calls bought $1.55 offer today, already 2,000 in OI from recent buys.
Outer Wall (OUTR) with 2,000 April 2014 $75/$90 call spreads bought at $2.40
October 28th, 2013
Salesforce.com (CRM) lower with the growth stocks and Tech in general, but buyers active for 2,000 December $52.50 calls at $3.30 offers, more than $370K call premium bought so far today. CRM shares are testing the 20 day EMA and looking to find support, and will not report earnings until around 11/19.
Kohl's (KSS) early day buys of 2,000 January 2014 $55 calls $2.20 offer after a bullish Barron's piece this weekend
Qualcomm (QCOM) day highs as 10,000 Jan. 2014 $72.50 calls trade at or near the offer, potentially adding to the large OI.
Glu Mobile (GLUU) trading 10,230 calls today with 66% on the offer, Net Delta +366K and $180K call premium bought. 30 day IV rising 16% with a positive note out of Northland Capital this morning, and earnings on 10/30. The March $2.50 calls most active with 5,030 trading against OI 8,131, while December $2.50 calls with 1,250X lso active as well as near-term November calls. GLUU just broke out of a range that targets a move to $4.75.
October 24th, 2013
Infinity Pharma (INFI) heading to day highs as 3,500 November $15 puts are sold to open $1.43, bullish signal as shares move off a double bottom.
Jive Software (JIVE) buyer of 5,000 November $12.50 calls $0.60 offer, earnings on 10/30 and Analyst Meeting today
Micron (MU) with 10,000 January 2014 $17/$21 call spreads bought at the PHLX and CBOE for $1 debits
October 23rd, 2013
Computer Sciences (CSC) trading 5X daily puts with 2,000 November $50 puts bought to open $1.25 to $1.40 ahead of 10/30 results. CSC shares have triple topped near $53.50, and may see earnings impacted by weak Government spending.
Facebook (FB) traded 5,000 November $60/$49 bull risk reversals at a $1.16 credit today, strategy for 10/30 earnings willing to be long 500,000 shares at a $47.84 cost basis, but wanting the upside calls for a potential big move.
Mohawk Industries (MHK) with February 2014 $135/$110 bull risk reversals trading 1,050X to open at $3.50 debts, bullish positioning ahead of 10/31
October 22nd, 2013
Merck (MRK) shares back to its 200 day EMA ahead of 10/28 earnings, but seeing very active calls buying today with 6,000 of the November $47 calls at $0.62 and 5,000 of the $48 calls active at $0.34 to $0.36. MRK has closed lower its last 4 reports, and the $140B Pharma now trades 13.07X earnings and 2.95X Book with a 3.7% yield.
Chesapeake Energy (CHK) size buyers for 6,000+ November $29 calls at $0.73 to $0.75, and already 10,000 in OI from recent accumulation with CHK being mentioned as a potential takeover target. CHK will report earnings on 11/6.
EOG Resources (EOG) buyer of 2,000 January 2014 $195/$220 call spreads at $5.50, also large sales of 700 each in January 2014 $170 and $160 puts.
October 21st, 2013
General Electric (GE) continuing the strong earnings reaction and added to the Focus List at Citi this morning. A trader today is closing out 10,000 December $24 calls, and buys 10,000 January 2015 $25 calls at $2.74.
Pitney Bowes (PBI) opening buys of 7,500 November $21 calls at $0.50, and PBI has seen longer term OI build with bullish positions. PBI will report earnings 10/29 before the open. The $4B business equipment Co. trades 11.4X earnings, 0.83X Sales, and 23X FCF with a 3.77% yield. PBI has closed lower 3 of its last 4 reports.
JDS Uniphase (JDSU) a strong breakout and trades the November $18/$20/$22 butterfly call spread 3,000X6,000 at $0.22 debit, an interesting strategy ahead of 10/30 earnings. JDSU has the 50% Fibonacci Retracement at $18.45 as the next resistance level.
October 18th, 2013
Walgreen (WAG) seeing unusual buying of far OTM November $65 calls for 3,250 contracts at $0.12, but also a large opening buy of 7,500 April 2014 $57.50 calls at $4.50 at the CBOE, a name that already has large size in bullish options positions, and been that way for months.
T-Mobile (TMUS) roll up of 6,000 November $26 calls to 9,000 November $28 calls bought to open $1.14 offer, shares upgraded to Conviction Buy at Goldman Sachs this morning.
AOL Inc. (AOL) trying to maintain its double bottom and trades a large spread in April 2014 as the $28 puts are sold to open 10,000X at $1.40 and the $40/$46 call spread bought 10,000X at $0.975, net credit on the spread, so a willing long at $28 wanting to participate in the upside. AOL will report earnings in early November.
October 17th, 2013
Ralph Lauren (RL) 3 way spreads buying the November $160/$170 call spreads 2000X and selling the $150 puts 2,000X
ARM Holdings (ARMH) jumping ahead of 10/22 earnings and 4,600 November $46 puts are sold to open $1.20 to $1.15 as a vote of confidence, IV drops off with the put sales.
Exxon Mobil (XOM) after a bounce off $85 to the 50 day EMA shares are stalling, and today a large buy of 10,000 December $85 puts to open at $1.41 to $1.44, ahead of 10/31 earnings.
Morgan Stanley (MS) opening buys of 6,500 October $28.50 calls that expire tomorrow at $0.38, reports earnings tomorrow morning.
October 16th, 2013
Devon Energy (DVN) has been a name with hot action and noted the 2,800 November $65 calls bought this morning, now more than 6,500 of those calls trading with buyers paying $0.83 to $1 for the contracts. DVN has been highlighted recently as a restructuring play with bullish action in October where 16,000+ of the $60 calls are in OI, and also sizable trades have been seen in January 2014.
General Motors (GM) trades 10,000 November $36/$32 bull risk reversals at $0.41 debit, and comes after news of strong European car registrations this morning. GM will report earnings on 10/30.
Baidu (BIDU) with buyers of 935 January 2015 $220 calls at $10.15 offer, more than $1.5M call premium bought in BIDU this morning.
October 15th, 2013
Robert Half (RHI) sale of 180,000 shares of stock, replaced with 4,000 November $40 calls bought to open $1.35, trading 30X daily call volume. The $5.4B staffing Co. trades 18.65X earnings, 1.3X Sales and 6.27X Book with a 1.61% yield and 13-15% EPS growth.
Infinity Pharma (INFI) seeing call buys off the lows with 2,000 December $15 calls bought $1.90 offer to open and 1,805 November $15 calls at 41.05 to open. INFI also trades 2,000 December $16/$13 bull risk reversals at $0.60 debit.
Las Vegas Sands (LVS) large spread sells 20,000 November $67.50 calls at $3.95 and buys 30,000 November $72.50 calls at $1.44, looks to be a roll up in strikes ahead of 10/17 earnings taking off some risk, but maintains a bullish view and have seen this large trade roll out and up for months.
October 14th, 2013
Peabody Energy (BTU) bullish action with 1,700 March 2014 $19/$16 bull risk reversals trading for $0.03 debits, seeing a positive upside/downside relationship at this level as shares carve out a base and set to report results on 10/17
Office Depot (ODP) roll of 15,000 October $4 calls to November $4 calls, paying an additional $0.10
Wal-Mart (WMT) October $73.50 puts actively bought today with 3,750 trading offer side, Net Delta in WMT -240K.
October 9th, 2013
Las Vegas Sands (LVS) trading 2,750 December $70/$57.5 bull risk reversals to open, zero cost spreads, so willing buyers of LVS at $57.50 but wanting to see shares head higher into year end.
Aegerion Pharma (AEGR) roll out of 2,000 October $80 calls to 2,000 November $85/$100 call spreads at $3.60. AEGR shares are off 10% today with Biotech momentum names being slammed
Vmware (VMW) trading 8X daily puts as 6,000 October $77.50 puts are rolled to 6,000 November $75 puts bought to open at $3.70, a $2.2M put purchase. The October $77.50 puts were originally bought on 9-24 at $0.80 and sold today $2.17 to $2.18. VMW will report earnings on 10/21, the Monday after October OpEx. Shares are breaking into last quarter's earnings gap today with a fill level way down at $71.55.
October 8th, 2013
Tower Group (TWGP) shares crushed today after a Q2 write-down and debt downgrade to junk. The BOD did say TWGP will be reviewing strategic options, and today the January 2014 $5 calls are bought to open 2,000X at $1 to $1.15 with some sizable trades.
Iron Mountain (IRM) looking to put in a triple bottom and already size in November $30 call OI for 12,150, and today the January 2014 $22.5/$17.5 bull risk reversal trades 10,705X at $4.30 debit to open, awaiting the IRS ruling on a REIT conversion.
Healthcare (XLV) volatility sales with more than 20,000 January 2014 $51/$50 strangles sold to open at $2.86 credit
October 7th, 2013
Audience (ADNC) trades 500X daily options volume as 2,500 May 2014 $15/$20 call spreads are bought to open at $0.90 debit with shares trading $11.18. The $234.7M maker of voice and audio solutions for mobile devices trades 35.2X earnings, 1.36X Sales and 1.47X Book. Benchmark upgraded to Buy on 8-6-13 with a $14 target.
International Paper (IP) shares looking to hammer today after selling off the last 3 weeks, and a large trade in January 2014 with the $45/$50 1X4 call ratio spread for 15,000X60,000 contracts at a credit of $0.21.
Corning (GLW) longer term bulls continue to be active today with 3,500 January 2015 $17 calls bought at $0.84 offers, more than $300K call premium purchased the first 20 minutes of trading
October 4th, 2013
Sinclair Broadcasting (SBGI) with 1,900 December $35 calls bought today and already 3,290 in OI, shares flagging after the resent key $31.50 breakout, buyers are $2.30 to $2.35 for the calls today trading 6X daily call volume.
Corning (GLW) leading bullish action for size with $1.5M call premium bought and Net Delta +400K as 10,000 January 2015 $15 calls are bought to open at $1.45.
Microchip Technology (MCHP) opening buy of 1,200 April 2014 $41 calls at $1.70 to $1.75 offers for $215K call premium, upside positioning in the Semi. Goldman raised to Buy on 9-24 with a $46 target, noting exposure to construction, and being a late-cycle play.
Hertz (HTZ) bullish action continues after the recent fall in share with 4,800 January 2014 $24 calls bought to open the first 15 minutes, more than $550K call premium purchased and +190K Net Delta.
October 3rd, 2013
Abraxas Petro (AXAS) a small cal Oil & Gas name breaking out past a long term downtrend this week and today trading 3,600 calls with 75% offer side, 7X daily call volume with 2,000 November $2.50 calls at $0.50 and 1,250 December $2.50 calls, already elevated OI in calls across the months. The $257M Co. trades 9.55X forward earnings and 4.57X Book. AXAS has been raising production forecasts and has assets in the hot Bakken and Eagle Ford shale regions.
Thoratec (THOR) call buyers active again with 200 January $38 and $39 calls each and 1,200 January $40 calls, buyers paying up to the offer on wide spreads, and consistent upside action in this name recently.
Union Pacific (UNP) bouncing at its 100 day EMA once again and a large opening sale of 4,300 November $150 puts at $2.40 sees limited downside in shares.
October 2nd, 2013
Renren (RENN) a hot stock the last two days and 5,000 January 2014 $3.50 puts sold to open $0.325 today seeing limited downside in the China social networking Co.
Sunesis Pharma (SNSS) stock has been under heavy accumulation the last few days, quiet today, but options heating up as 2,500 OTM April 2014 $7.50 calls bought to open $0.40 to $0.45. SNSS recently complete Phase 3 VALOR Trial of Vosaroxin in AML with results due in the first half of 2014, so shares can see a run-up into the results.
Goldman Sachs (GS) moves to day highs and 1,000 November $160 calls bought $5 offer here, $775K call premium bought in the first 70 minutes of trading.
Priceline.com (PCLN) flying and 1,000 November $1,100 calls bought to open $21.40 to $21.90, look to be rolling out of 600 November $1020 calls bought on 9/18
October 1st, 2013
Fortinet (FTNT) October volatility being sold off with positions rolling to November, and though I do not see an official PR, the earnings date must be moving post October OpEx. Traders also active for 4,000 December $25 OTM calls.
MGIC Investment (MTG) large opening sale of 5,000 January 2015 $4.50 puts at $0.52 to $0.53, a vote of confidence long term in the value of the Company.
ADT Corp (ADT) roll of 2,000 October $41 calls to 2,500 January 2014 $42/$50 call spreads with the $35 puts sold to open 2,500X at $0.80.