March 4th, 2015
Hewlett Packard (HPQ) trying to stabilize after its earnings sell-off and a trade today sells 2,000 August $31 puts to open $1.31, and buys 2,000 August $35/$39 call spreads at $1.30, nice structure for a trader willing to be long HPQ at $31.
Applied Materials (AMAT) buyer of 5,000 July $24 calls $2.16, looks to be rolling back the $25 calls. Applied Materials (AMAT) buyer of 10,000 July $26/$31 call spreads at $1.02
SanDisk (SNDK) action staying bullish after early weekly call buying, now April $92.50 far OTM calls being bought in size to open with 6,250X trading.
Home Depot (HD) buyer of 2,000 May $120 calls $1.30 offer with shares consolidating and nearly filling its earnings gap, remains in a powerful bull trend
March 3rd, 2015
JD.com (JD) buyer of 3,000 April $31 calls $1.07 to $1.10 to open. JD also with 3,000 April $30 calls bought to open here $1.30, buyers on the morning dip off its highs
US Steel (X) opening buys of 5,000 April $23 puts $1.31 to $1.34 in early trading, bearish positioning continues with shares ready to roll back down to low after more bearish Analyst comments regarding the Steel sector this morning
American Air (AAL) opening buy of 3,500 April $49 calls $2.815 as shares base along its 20 week EMA
Yum! Brands (YUM) buyer of 1,000 July $80 calls $4.50 offer steps in with shares down 1.8% following a downgrade
March 2nd, 2015
CST Brands (CST) buyer of 3,500 June $43/$46 call spreads at $0.69 debit, looks to close 1,000 June $44 calls that tried to buy the dip last week, but trading 40X daily calls here.
Treasury (TLT) weekly 127.5/125/122.5 put fly's are trading 2,600X5,200 at $0.52
Actavis (ACT) large opening buy of 2,500 weekly $302.50 calls are $1.25 offer, aggressive purchase on wide bid-ask, and comes ahead of the Mylan (MYL) report this week, could see a lot more M&A in this generic drugs group, also expecting more bidders to emerge for Salix (SLXP)
Qualcomm (QCOM) buyer 20,840 April $80 calls $0.13, been activist talk here. Qualcomm (QCOM) buyer of 5,000 March $74 calls $0.68 offer after 5K bought late Friday
February 27th, 2015
Meritage Homes (MTH) opening buys for 2,000 April $45 calls $1.95 offer, trading 7X daily calls. MTH an interesting one as 675 April $47.5 far OTM calls trade as well as some June $50's and has the large March $40 position of 16,000 contracts in OI. The $1.7B homebuilder trades 10.6X Earnings, 0.7X Sales and 1.53X Book, a cheap name and if there were to be some homebuilder M&A, a potential target. Institutional ownership in MTH rose 3.34% in Q4.
Hewlett Packard (HPQ) attracting bullish call buying for next week's options with 3,000 of the $34 calls bought near $1.06 and 10,000 of the $35 calls bought at $0.26 to $0.35, sizable opening trades, and shares fighting back today up 2.4%. It was rumored HPQ may make an offer for Aruba (ARUN) as soon as next week
Europe Equity ETF (VGK) with nearly 15,000 Jan. 2016 $60 calls bought to open today $1.10 to $1.20. European stocks are looking cheaper to American counterparts and in early stages of stimulus with economic data turning around. Even Buffett is focusing more on European stocks according to recent reports. VGK's largest holdings include Nestle, Novartis, Roche, HSBC, Bayer AG, BP PLC, Sanofi, GlaxoSmithKline, and Royal Dutch Shell.
Yum! Brands (YUM) buyer of 2,000 October $90 far OTM calls $1.50, also some weekly $79.50 call buying. YUM also with a buyer of 2,000 July $85 calls. YUM 5K March $80.50 calls being bought, opening, massive action here today now trading 31,000 calls, 6X average
February 25th, 2015
Catamaran (CTRX) trades 3,500 April $55/$50 bull risk reversals to open at a $0.35 debit, reports tomorrow before the open. CTRX shares have closed 12.5% higher 2 of the last 3 quarters and shares have been moving sideways for a few weeks with next major overhead resistance $57.50. The $11B Co. trades 20.45X Earnings, 2.13X Book and 22.7X FCF with 15%+ EPS growth, and could attract M&A interest. JP Morgan rated shares a Buy with a $56 target in early January.
Praxair (PX) unusual opening buyer of 2,500 July $140 calls at $1.08 to $1.10 and on 2-20 a buyer of 3,500 April $135 calls near $1.80, so a trend developing. PX shares have basically been moving sideways the last few months and the $37.4B Co. trades 18.3X Earnings and 3.05X Sales with a 2.23% dividend yield. A potential PX upside catalyst would be if it makes an acquisition, which many industry peers have been doing.
Consumer Discretionary (XLY) buyer of 20,000 April $78 calls $0.51, closes out 10,000 March $75 calls $1.49 where 40K are in OI. XLY's largest holdings include DIS, HD, CMCSA, AMZN, MCD, SBUX, LOW, TWX, NKE, and FOXA
WhiteWave Foods (WWAV) spread sells 2,500 Jan. 2016 $32.50 puts to buy 2,500 Jan. 2016 $45/$55 call spreads, net debit around $0.75 for the spreads.
Seattle Genetics (SGEN) a strong Biotech mover today up 6.7% and climbing out of a multi-week base above the $30 level. A large trade today sold 3,000 June $33 puts to open at $2.35, always a bullish signal in a Biotech. SGEN has formed a large weekly falling wedge and above $36.25 would clear this pattern as well as the 50 week EMA, key for a breakout. The $4.18B Biotech does have 20.1M shares short, 21.5% of its float and at a 1 year high for short interest. SGEN will present at the Cowen Healthcare Conference on 3-3 and Barclays on 3-11.
February 24th, 2015
Rockwell Automation (ROK) opening buys of 1,000 April $130 calls for $0.35/$0.40 stand out as unusual with the stock at $118 and $126 its lifetime high. The $16B machinery Co. for automation controls trades 16.47X Earnings, 2.4X Sales and 31.25X FCF with a 2.2% yield and 7-10% EPS growth. ROK has previously been discussed as a potential M&A target for Emerson, Honeywell, or ABB Ltd.
Ensco (ESV) with 3,000 April $27 puts bought to open at $1.75, another offshore name targeted with puts and looking ready to break its lows from December.
Morgan Stanley (MS) buyer of 5,000 March 6th (W) $37 calls at $0.40 to $0.45. MS with a nice cup and handle set-up, so a break above $37 can target a run to $40
Autohome (ATHM) buyer of 2,500 March $40/$45 call spreads at $1.40, reports earnings on 3-4
February 23rd, 2015
Walgreen (WBA) opening buys 2,500 weekly $79 calls $0.60 in large sweep. WBA hot chart as well, pulled back to 20 SMA and bouncing here, looking for new highs. WBA April $80 calls active trading 5,970X vs. OI 9,994 after early morning hot weekly call buys
ZIOPHARM (ZIOP) opening buy of 5,000 March $13 calls at $0.55 as large OTM bets continue to pile up and shares back over $10
3D Systems (DDD) opening sale of 4,000 August $30 puts at $4.10 at the PHLX, signal that the pain may be over for this 3D leader, shares held the 20 day SMA test last week and now looking for continuation higher out of its long base. DDD will report earnings on 2/26.
Computer Sciences (CSC) buyer of 5,000 March $75/$85 call spreads at $1.65 with report the Company may sell itself
February 20th, 2015
First Solar (FSLR) buyer of 7,350 March $50 puts at $3.65, rolled from February $50 puts, earnings on 2/24.
ZIOPHARM (ZIOP) opening buyer of 5,000 OTM March $12 calls at $0.55
Qorvo (QRVO) opening buy of 7,000 May $70/$80 call spreads at $2.15.
Finish Line (FINL) opening buys of 3,500 March $25 calls late in the session at $0.40 to $0.60, trades 20X daily calls.
Intrexon (XON) broke to a new high yet again and traded 4X daily calls as 4,350 March $45 calls bought to open at $1.35 to $1.50
February 19th, 2015
Applied Material (AMAT) opening buyer 10,000 next week $24.50 calls at $0.55 offers. AMAT also a massive buyer 20,000 next week $24 calls at $0.87, looking like big bets that Tokyo Electron deal gets approval. AMAT also with 5,000 March 13th (W) $26 calls bought $0.40 now
Facebook (FB) buyer of 4,000 October $82.50 calls at $5.45 offer, the stock strong today with a large +1.3M Net Delta in options trades after Cowen noted around 30% upside potential in shares on a Sum of the Parts valuation method.
Twitter (TWTR) shares have consolidated the earnings move for over a week now and a big buyer steps in for 10,000 March 6th (W) $50 calls at $0.56/$0.57
CSX Corp (CSX) March $37 calls OTM getting action today with 5,000 bought at $0.21 to $0.32, a name with a recent buyer of 3,000 May $36 calls, and also formerly connected to some takeover interest
February 18th, 2015
Panera (PNRA) with 1,250 Aug. $150 puts sold to open at $8.10 may mark a bottom in shares after a recent thrashing
NRG Energy (NRG) working on a multi-week base and trading 4X daily calls today as 5,000 March $25 calls are bought to open $1.40 to $1.43. The $8,45B Utility trades 16.8X Earnings and 0.85X Book with a 2.32% yield.
US Steel (X) seeing bearish action as its rally may be getting tired, and 5,500 April $24 puts are bought to open at $1.14 today.
Home-Away (AWAY) on 2-12 with a buyer of 6,500 March $30 calls at $1.80 and also traded 3,150 March $28 puts to open. A spread today sold 3,250 March $30 calls to close and 2,500 March $28 puts to close and bought 3,500 March $31 calls to open $2.05, earnings on 2-24. AWAY shares have rallied 20% in February.
February 17th, 2015
Zillow (Z) has given back much of its early positive reaction but has broken out of a weekly wedge down pattern in a longer term uptrend, powerful set-up, and now 2,000 Jan. 2016 $150 calls buy to open $9.30 offer at the PHLX, a $1.86M trade.
Cavium (CAVM) opening buys 925 March $65 calls at $1.60, name nearing key $64 breakout
Array Bio (ARRY) trader take profits of 2,500 February $4 calls and opens 5,000 June $7/$6 bull risk reversals at a $1.75 debit, placing a big bet this small cap Bio continues to be a winner
S&P (SPY) with 35,000 March 31st (Q) $204 puts bought $2.58 to open in early trading, could be some hedging with markets extended. SPY Mar. 31 (Q) $205 puts now with a big purchase of 40,000 at $2.64
February 13th, 2015
Celgene (CELG) large buyer of 15,000 March 27th (W) $105/$85 put spreads at $1.90, a name trading weak the last two days and seeing elevated put buying. CELG also with a buyer of 2,000 July $90 puts at $2.47 earlier.
Euro Stoxx 50 (FEZ) opening buy of 12,000 May $38 calls $1.75, plenty of tailwinds for Europe's economy into 2015 after recent easing
American Express (AXP) on lows but 2,500 Feb. $78 calls buy to open $1.44 offer in a sweep here. AXP now with a buyer of 2,000 February 27th (W) $78.50 calls to open $1.53 offer
February 12th, 2015
Sealed Air (SEE) opening buy of 3,000 July $47 OTM calls $2.37, a name strong on new highs and looking for more.
SYSCO (SYY) with a buyer of 4,000 May $41 calls $1.14 to $1.20, rolling out from February as we still await the US Foods deal approval
Semi (SMH) buyer of 50,000 March $54 puts at $1 to $1.05, group back near a double top level
Devon Energy (DVN) buyer of 5,000 March $67.50 calls $1.79, closes out 8,800 February $67.50 calls, reports on 2/17
February 11th, 2015
Gartner (IT) had a rare earnings miss and shares have pulled back to its 50 week EMA and trend support of a 1 year channel up pattern. A trader today opens 1,000 June $80/$75 bull risk reversals at $1.05 debit, the trade is more than 2X total open interest in the name. The $6.87B IT Research Co. trades 25.1X Earnings, 3.4X Sales and projecting 15% forward EPS growth. IT will host an Investor Day tomorrow. IT tempered growth forecasts for both its research and consulting businesses.
ZIOPHARM (ZIOP) buyer of 5,000 March $11 calls at $1, closes out 3,750 of the February $10 calls at $0.40
Go-Pro (GPRO) attempting to bottom near the $45 level, and trading higher today, the February 27th (W) $46.50 calls seeing some size buyers for 3,150X at $1.75 to $1.85
Goldman Sachs (GS) with 500 July $185 calls bought for the second straight day, pricey contracts at $9.35. GS also a buyer of 1,000 Jan. 2017 $210 calls $12.60
February 10th, 2015
Agilent Tech (A) massive spread buys 15,000 August $42.5/$50 call spreads at $1.67 and sells 15,000 of the August $35 puts to open $1.77, closes out of some February risk reversals, earnings 2/17
Teva Pharma (TEVA) buyer of 2,000 June $57.5/$65 call spreads at $2.03
Bruker Corp (BRKR) buyer of 5,000 March $20 calls to open at $0.48 to $0.60, sending IV jumping, 150X daily calls, earnings to be reported on 2/19. Goldman cut shares to a Sell in December but BRKR is in an industry where M&A is expected with Agilent (A) and Thermo Fisher (TMO).
Oil Exploration (XOP) buyer of 20,000 March $43/$38 put spreads $0.70
February 9th, 2015
Zillow (Z) rising to day highs and a spread sold 1,500 March $130 calls $0.99 to buy 1,500 May $125 calls at $4.44
KKR Corp (KKR) opening buys of 3,000 February $25 calls at $0.20 into earnings tomorrow morning. KKR (KKR) also with 5,000 June $26 calls bought to open $0.55/$0.60
Penn Virginia (PVA) rising as 10,000 March $5 calls trade $2.50/$2.55 offer
NCR Corp (NCR) buyer of 10,000 March $27 calls to open $1.20 at the PHLX, tied to stock, long considered to be an activist target for a break-up
February 6th, 2015
Demand-Ware (DWRE) now trading 2,000 OTM Feb. $65 calls that started at $0.45 around Noon on a $0.25-$0.45 bid-ask and now trading as high as $0.70, sharp rise in IV, and a name that has seen peers like Hybris and Micros Systems acquired in the past year. DWRE action looks very suspicious into the weekend, worthy of a lottery play.
McDonald's (MCD) buyer of 5,300 Jan. 2017 $105 calls $3.75 and 7,200 Jan. 2017 $110 calls $2.73, closes 16,000 Jan. 2016 $100 calls $2.80
Gap (GPS) opening Feb./March $42 put calendar spreads at $0.80, target 2/26 earnings, interesting strategy
Reliance Steel (RS) bearish flow trading 25X daily puts, the February $55 puts bought 2,600X to open $1.65 offer in a sweep
February 5th, 2015
First Republic (FRC) with the unusual buyer of 1,000 February $55 calls at $0.60 to $0.75, 40X daily calls and 30 day IV jumping 10%. The $6.8B regional bank was reportedly a target for Royal Bank of Canada, but it chose City National instead.
Ralph Lauren (RL) reversing red to green today after being slammed on earnings yesterday, and one key large spread sold 1,500 April $135 puts $3.20 to buy 1,500 July $155 calls $3.70.
Fire-Eye (FEYE) with the breakout move today and potential short-squeeze into 2-11 earnings, in focus after another large hacking headline. A trader closes out 2,500 June 35 calls $5.75 and buys 4,000 June $40 calls to open at the $3.70 offer
Kraft (KRFT) buyer of 3,500 June $65 calls at $4.40 to $4.50 is rolling out from February $65 calls, not sure why rolling out before 2/12 earnings, so could see a pullback, which would be buying opportunity again
January 22nd, 2015
Manitowoc (MTW) opening buy of 5,000 March $19 calls at $1.25 in a multi-exchange sweep, trades 3X daily calls, earnings on 1/29. MTW is a breakup target that Carl Icahn recently filed a 13D, and the Food-Service segment seen as a spin-off play. CSFB rates shares Outperform with a $27 target.
Oil & Gas Exploration (XOP) has a double bottom in place at $42.50 and today a buyer of 15,000 March $46/$52 call spreads at $1.95 to open.
Treasury (TLT) spread bought 5,000 March $133 calls at $2.95 offer, traded 5,000 March $137 calls at $1.60 mid-market, and 5,000 March $141 calls closer to bid at $0.90, likely targeting a move up to $140.
Discover Financial (DFS) shares down 7.35% on earnings, but now trades 2,500 April $60/$52.50 bull risk reversals to open at a $0.05 credit, a willing buyer of the stock at $52.50, but wanting to participate in the upside if shares were to recover.
January 21st, 2015
Tile Ship (TTS) shares jump as 1,860 August $10 calls are bought at the $1 offer to open, aggressive buyer with the bid having been at $0.50. TTS has spent a lot of time trying to hold above the $8 level and the $415M Co. at 26.4X Earnings, 1.65X Sales and 4.45X Book still does not look all that attractive on valuation, but some traders expecting the stock to recover.
Cypress Semi (CY) opening buy of 10,000 June $14 calls $1.50, this on top of the large call buys highlighted this morning from recent action, ahead of earnings tomorrow morning
Tidewater (TDW) unusual bullish action with 1,400 April $35 calls bought to open at $1. The $1.5B offshore Oil name trades 8X Earnings and 0.54X Book with a 3.3% yield. TDW has put in a nice base the last few weeks with a double bottom W pattern.
Men's Wearhouse (MW) with an opening spread for 5,000 Jan. 2016 $50/$38 bull risk reversals at $0.90 debit
January 20th, 2015
Rayonier Advanced Materials (RYAM), earnings on 1/28, trades a lot of 2,250 February $22.50 calls to open $0.85 offer, 25X daily calls. The $917.5M Co. hit a new low last week but trades just 11.55X Earnings and 0.93X Sales.
ZIOPHARM (ZIOP) touched its 8 day EMA today on lows and rebounding, also seeing a big buyer of another 5,000 February $10 calls $0.40
Intel (INTC) buyer of 5,000 October $37 calls at $2.53, closes some April $32 calls that are now ITM, shares down on a JMP downgrade this morning
Liberty Global (LBTYA) opening buys of 2,400 April $50 calls at $1.30 to $1.45, bullish action, and a name with 15,000 July $55/$65 call spreads in OI
January 16th, 2015
Flir Systems (FLIR) with an unusual buyer of 1,000 April $32 calls $0.75, which will just about double total call open interest. FLIR recently launched a bunch of new products at CES 2015. Imperial raised shares to Outperform with a $40 target in October, noting new products boosting shares. The $4.2B Co. trades 17.7X Earnings, 2.8X Sales, and 2.6X Book with a 1.34% dividend yield.
Northwest Bio (NWBO) strong Biotech chart and has seen call buying in the past, and today with the bullish signal as 5,500 April $5 puts are sold to open $0.40/$0.45
Euro (FXE) March $114 calls bought 10,000X today looking for a bounce
Impax Labs (IPXL) opening bull risk reversal 2,000X at $2.90, March $35/$30, closes 1,500 Jan. $30 calls
January 15th, 2015
Scorpio Tankers (STNG) trading 20X daily calls as 2,400 April $10 calls are bought to open at $0.50. STNG is a $1.53B tanker Co. trading 11.87X Earnings and 1.25X Book with a 5.39% yield, and calls have been hot in peers like FRO, NAT, and DHT, but STNG yet to make a run.
ConAgra (CAG) with a surge in IV as 3,000 Jan. $36 calls trade and also buyers active for 3,500 February $37 calls at $0.35 on a day that Kraft (KRFT) calls are active on potential for M&A. CAG’s IV ramped sharply higher and the $37 calls more than doubled in minutes, trading 18,850 calls as of 2pm, 15X average.
WisdomTree Investments (WETF) March IV spiking as 3,500 March $17.50 calls are bought at $0.40 this morning, earnings on 2/6. WETF shares are consolidating in the $14/$16.50 range the last 11 weeks. The $2B Asset manager trades 32.15X Earnings and 29.2X FCF with a 2.11% yield and targeting 30%+ EPS growth this year.
American Air (AAL) buyer of 10,000 February $52.50 calls at $1.56 to $1.59. American Air (AAL) ITM February $49 calls being bought 3,000X as well $3.25
January 14th, 2015
EXACT Sciences (EXAS) buyer of 3,565 February $25 calls $3.30, rolls from January $25 calls
ZIOPHARM (ZIOP) buyer of 3,810 July $9 calls $2.21, rolled from Jan. $7 calls
Kraft (KRFT) buyer of 1,500 March $65 calls at $1.20, been action in this one, potential activist or 3G Capital target
Six Flags (SIX) buyer of 3,905 February $40 calls $4.20, rolled from Jan. $40 calls
January 13th, 2015
Level 3 Comm. (LVLT) shares have re-tested the major breakout at $47 and trying to move higher today, and an opening buy of 5,000 February $48 calls at $1.80 is looking for a move higher, earnings on 2/4.
Healthcare (XLV) near a new high but puts trading 12X average with 25,000 February $69 puts bought at $1 and 20,000 March $69 puts at $1.61
InvenSense (INVN) looking ugly and 10,000 February $15 puts buy to open at $2
Monsanto (MON) February $120 straddle sold to open 6,000X at $5.15, expecting the $115/$125 range to hold
January 12th, 2015
Dish Network (DISH) buyer of 4,000 March $75 calls $3.50, rolls out of January $70 calls at $2, a name with a ton of size projecting major upside in shares the next few months
Frontline (FRO) with 20,000 February $5 calls bought today $0.40 to $0.50, large roll from Jan. $2 calls for 18,500X here, the tanker stocks staying hot
Brinker (EAT) with a buyer of 1,750 Jan. $60 calls at $1.45 that expire this Friday, ahead of its presentation at the ICR-XChange
Microsoft (MSFT) bullish action into early weakness as 5,000 February $47 calls are bought $1.20 to $1.25 offers, more than $500K call premium bought in the opening 30 minutes
January 9th, 2015
MoHawk (MHK) breaking out and 1000 February $155 calls are bought at $8.10 for a name that has seen strong call accumulation.
Oil Services (OIH) with 11,000 February $32/$29 put spreads bought at $0.63 today with earnings season nearing and a lot of guidance cuts likely
American Air (AAL) opening buy of 5,000 May $60 calls $2.85, closes out 3,500 February $48 calls
Nuance (NUAN) buyer of 2,000 February $15 calls $0.25 to $0.30 after shares fell 3.4% on a downgrade, also large short put OI at the Feb. $14 strike of more than 45,000 which favors a rebound.
Impax Labs (IPXL) , after making new highs this week, trades 1,000 March $35/$30 bull risk reversals today at $2.20 debit, expecting this momentum to continue. IPXL jumped after the FDA approved RYTARY for Parkinson's. The $2.47B drug Co. trades 21X Earnings, 4.36X Sales, and 2.66X Book. Wallach-Beth raised its target on IPXL to $42 this morning.
January 8th, 2015
Wal-Mart (WMT) continues to be a hot mover as consumer spending is on the rise and its target market benefits from lower fuel costs. The March $92.50 OTM calls are bought to open $1.31 today 10,000X, and also a name I still think could see activist pressures to spin-off Sam's Club.
DuPont (DD) bullish flow with 6,500 Jan. 23rd (W) $74.50 calls bought to open $0.79 offers and then buyers paid up to $1.04 offer. DuPont (DD) trader that bought 28,000 Jan. 23rd (W) $72 calls earlier this week takes profits and rolls up to the $74.50 calls, buying 28,500X at $1.70
Take Two (TTWO) buyer of 5,000 March $30 calls at $1.45, closes out March $24 calls
Enbride Energy (EEP) opening trade for 5,000 February $40/$37.5 bull risk reversals at a small credit.
January 7th, 2015
Infinera (INFN) buyer of 5,000 April $13 calls to open $1.70, rolls back some of the $15 calls
Oil Services (OIH) bear pressing more lows as 20,000 February $34 puts close and 30,000 April $30 puts are bought to open $1.25
Treasury (TLT) buyer of 4,200 March $135/$145 call spreads earlier at $1.27
ITC Holdings (ITC) traded 50X daily calls with large buyer 3,000 August $45 calls $1.35. The $6.5B Midwestern Utility trades 19.95X Earnings, 6.2X Sales and 3.98X Book with a 1.56% yield, and unusually strong double digit EPS growth that makes it a leader versus peers. Senator Investment Group took a new 2.65M share stake in ITC in Q3. ITC shares are trading near all-time highs, and $42 recent high resistance for a measured move to $45 yet to be met from its $40 breakout.
Aaron’s (AAN) traded 60X daily calls as 3,500+ February $30 calls were bought to open $1.50 to $1.70 this afternoon, next earnings report scheduled for around 2/5. The $2.19B retailer that also leases products trades 14.1X Earnings, 0.87X Sales, and 1.82X Book with a small 0.3% yield and positioned for double digit EPS growth this year. KeyCorp upgraded AAN to Buy on 12-17 with a $34 target and is a name likely to see a Holiday boost along with other retailers due to the low gas costs. AAN is the 4th largest holding for Shapiro Capital, a known activist, and also Starboard Value has a position. AAN has come off the October low and recently cleared $29 and re-tested that this week, and now looking to clear $31 for the next leg higher to $35.
January 6th, 2015
Huntington Bancshares (HBAN) pulled back to trend support and its rising 20 week EMA and buyers active for 3,500 Jan. 2016 $10 calls today at $1.04
Eli Lilly (LLY) buyer of 2,000 Jan. 30th (W) $72.50 calls to open at $1
Vertex Pharma (VRTX) trade opens 1,000 Feb. 13th (W) / February $130 call calendar spreads
McDonald's (MCD) buyer of 35,000 February $95 calls $2.27, rolls out Jan. $95 calls at $0.90
January 5th, 2015
Control-4 (CTRL) one of the stronger Tech names today and breaking out, trading 8X daily calls with 1,300 July $20 calls bought to open $1.30 to $1.90, very unusual action for the home automation play.
Tower Semi (TSEM) with a 1,000 contract spread that sold the July $10 puts to open and bought the $12.50/$20 call spread, $1.10 debit for the spread
Omeros (OMER) seeing some unusual buys of 1,000 May $28 calls at $3.10 after 800 were bought Friday
Qiwi Plc (QIWI) February IV diving with 3,000 February $20 puts trading to open, indications of an opening seller
December 22nd, 2014
DuPont (DD) buyer of 30,000 Jan. 2015 $74.50 calls at $1.19, rolling up from $72.50 strike with shares remaining strong to new highs
Johnson & Johnson (JNJ) weekly $106 calls buy to open 3,000X at $1.06 just before the close
Bed Bath and Beyond (BBBY) one of the nicest daily charts out there and traded 2,000 Jan. 2015 $79/$66.5 bull risk reversals to open $0.79 debit ahead of 1/8 earnings.
Walgreen (WAG) shares bull flagging ahead of 12/23 earnings and more bullish options action today as 5,000 April 2015 $80/$67.50 bull rise reversals trade to open at net credits.
December 19th, 2014
Chicago Bridge and Iron (CBI) buyer of 12,500 Jan. 2015 $40 puts $1.70, closes out 4,950 of the Dec. $44 puts $2.98, staying bearish with Energy projects likely to impact its outlook
Yelp (YELP) buyer of 500 next week $53 calls at $1.30 this morning and now buyers surfacing for 2,500+ Feb. 2015 $67.50 OTM calls, speculative OTM calls, a name that has shown plenty of technical weakness, but remains on the radar as a potential acquisition target
Rice Energy (RICE) buyer of 17,500 April 2015 $25 calls $3.70, rolls out of 20,500 Jan. 2015 $25 calls $1.60
Burlington Stores (BURL) buyer of 3,500 March 2015 $50 calls at $2.50, rolling up some of the March $45 calls
Mead Johnson (MJN) opening buy of 2,000 May 2015 $110 calls $4 to $4.50, trading 3X daily calls, a name always seen as a takeover target for Danone
December 18th, 2014
Alibaba (BABA) buyer of 20,000 March 2015 $120/$140 call spreads at $3.75, stock replacement with a lot of big hedge funds buying this name in Q3
Russell 2000 (IWM) bulls looking for it to finally clear 2014 highs and run, more than 65,000 Dec. 31 (Q) $121 calls bought $0.32 to $0.38
American Air (AAL) buyer of 5,000 Feb. $55 calls at $2.07 offer, over $1M call premium bought, as traders buy the Airline dip seeing as every Oil bounce is being sold into
EOG Resources (EOG) buyer of 1,850 April 2015 $100 calls $5.50 offer, over $1.1M call premium bought in early trade. EOG now trading over 6,000 April $100 calls with buyers, some now rolling back from Jan. 2016 $100 calls.
December 17th, 2014
Chevron (CVX) with a buyer of 10,000 Jan. 2015 $110 OTM calls after COP and XOM saw Jan. 2015 call buying yesterday
Stillwater Mining (SWC) buyer of 5,000 July 2015 $16 calls $1.45 offer, upgraded at Goldman Sachs this morning, and recently buyers of 3,500X in this contract
Ctrip.com (CTRP) buyer of 12,000 June 2015 $50 calls $4.20 to open, stock replacement
Weight Watchers (WTW) pops as 2,500 Jan. 2015 $27.50 calls buy $1.30
December 16th, 2014
Conoco Phillips (COP) buyers of 15,000 Jan. 2015 $67.50 calls $1.66 to $1.73 and Exxon Mobil (XOM) buyers of 15,000 Jan. 2015 $92.50 calls at $1.21 to $1.23 as the large cap Oil names are picked as turnaround candidates with this reversal in Oil today.
Yum! Brands (YUM) trades 2,500 July 2015 $72.5/$60 bull risk reversals at net debits around $1.90, bullish positioning into recent weakness.
Huntsman (HUN) buyer of 3,500 May 2015 $22 calls $2.40 offer to open in a sweep, Chemical names seeing plenty of call buying today
Men's Wearhouse (MW) buyers active for 1,700 ITM Jan. 2015 $39 calls at $2.80 and a block of 2,500 Jan. 2015 $41 calls $1.55, trading 15X daily calls in the first hour of trading.
December 15th, 2014
Ophthotech (OPHT) buyer of 500 Mar. $50 calls $3.20 offer, $160K bullish trade in the $1.64B eye-disease Biotech
Carnival (CCL) continues to see a good amount of bullish action ahead of 12/19 earnings, buyers of 3,700 Dec. $43 calls and 800 Jan. $43 calls, already a name with sizable bullish bets in OI
Golar LNG (GLNG) big bet buys 10,000 March 2015 $40/$60 call spreads $3.80, may also be rolling back strikes
AGCO Corp (AGCO) buyer of 4,000 Dec. $45 calls at $0.30
December 12th, 2014
Black Hills (BKH) buyer paid $3.65 for 1,800 Jan. 2015 $50 calls, trade is large considering average daily volume of 16 calls, but also a name with more than 3,600 Feb. 2015 $60 calls in OI. The $2.36B Utility trades 1.73X Book with a 2.95% yield.
Prudential (PRU) shares pulling back as the market worries about Insurance exposure to Energy, but a buyer comes in for 6,250 June 2015 $90 calls $4.95, closes 5,000 Jan. 2015 $87.50 calls $3.10.
Michael Kors (KORS) opening sale of 10,500 Jan. 2015 $75 puts $1.70 bid, showing a lot of confidence as shares look great on the chart now and retail/apparel seeing positive tailwinds from gasoline costs.
Gilead (GILD) buyers of 2,000 Jan. 9th (W) $105 calls $4.05 to $4.10, posted strong prescription data this morning
December 11th, 2014
Eli Lilly (LLY), after an epic run, seeing bearish flow come in now as 7,000 Jan. 2015 $75 puts buy to open $2.12 to $2.15 and 1,450 of the April 2015 $75 puts at $3.90, more than $1.7M put premium purchased, a very extended name at this point.
Armstrong Worldwide (AWI) unusual opening buy of 1,150 March 2015 $50 calls at $3.80. Value-Act has been raising its stake and now has a 16.8% stake in the Co. The $2.62B flooring and ceiling products Co. trades 20.5X earnings, 0.96X sales, and 3.38X book.
Dick's Sporting Goods (DKS) bullish action as 2,000 Jan. 2015 $47 calls are bought to open $2.50, trading 2.5X daily calls the first 30 minutes and already size sitting in December call OI. DKS shares re-tested a key breakout and held, not looking to bounce as retail strengthens.
WhiteWave Foods (WWAV) trading 3X daily calls in early action with 2,000 of the Jan. 2015 $40 OTM calls bought $0.15-$0.20, considered a takeover target
December 10th, 2014
Freescale Semi (FSL) opening buyers of 4,050 Jan. 2015 $25 puts at $1.55 to $1.60, trades 3X daily puts. FSL shares are trading up to major resistance at $25.
Parsley Energy (PE) with 5,000 June 2015 $10 puts bought $1.15 to $1.25 today, bearish action in the Energy name. The $1.57B Permian Basin Co. trades 1.75X Book and Debt/Equity at 0.84, another name that could be in serious trouble with Crude Oil $60.
AT&T (T) slammed the last two days and now trading 12.65X Earnings with a 5.6% dividend yield. T is already trading its 34K daily average calls today with March active, the $33 and $34 calls each with 4,500+ trading and 12,000 of the $35's. T shares hit trend support on lows this morning.
Home Depot (HD) buyer of 2,000 Dec. $100 calls $1.11
December 9th, 2014
HR Block (HRB) shares hit 5.5% on earnings today but a trader opened 2,500 April $34/$30 bull risk reversals at $0.10 debit, seeing a nice reward/risk ratio at this level.
Infinity Pharma (INFI) bullish signal as 2,000 Dec. $16 puts sell to open $0.30 and 5,000 Jan. 2015 $14 puts sell to open at $0.28. INFI shares are coming out of a major bottoming pattern that targets a return to $21.
WhiteWave Foods (WWAV) has traded back to support and today 1,000 April 2015 $35/$30 bull risk reversals open at $0.90 debit at the PHLX.
Zoes Kitchen (ZOES) with 1,000 Jan. 2015 $30 puts bought $1.80/$1.85 to open, 3X daily puts as shares make multi-week lows
December 8th, 2014
Liberty Global (LBTYA) with 2,000 April 2015 $55 calls bought to open $1.50, reports recently of potential Vodafone (VOD) takeover interest, and last week 15,000 July $55/$65 call spreads bought to open.
Hewlett Packard (HPQ) weekly $38.50 calls hot with 3,500 bought $0.28 to $0.38
Tesoro (TSO) with 5,500 Dec. $75 puts bought to open $1.40 to $1.47 as one of the last remaining Energy names yet to break down hard
Axalta Coating (AXTA) a recent IPO and sees unusual action here as 1,900 April 2015 $25 calls are bought to open $1.65 to $2. The $5.73B Co. trades 1.3X Sales and 4.8X Book.
December 5th, 2014
Dish Network (DISH) with a seller in the March 2015 $62.50 puts that buys 3,750 of the March 2015 $77.5/$90 call spreads at $3.30. DISH shares have pulled back a bit since a big run last month with the Spectrum auction results.
National Oilwell Varco (NOV) longer term upside bet puts on 3,700 Jan. 2016 $77.5/$57.5 bull risk reversals at a net $0.60 credit, basically willing to be long stock around $57, but wanting to capture any potential upside move with M&A activity in the Oil Services group recently.
CBS Corp (CBS) buyer of 5,000 Dec. 26th (W) $56 calls $1.05 to open, rolls out of this week's $55 calls, and also a buyer of 5,000 Jan. 2015 $60 calls $0.525
Omnicare (OCR) with a bull flag set-up and size in Dec. $70 and $75 call OI attracts a buyer of 2,000 March 2015 $75 calls $1.80 with a $0.40/$1.80 bid-ask, aggressive buyer
December 4th, 2014
Quest Diagnostics (DGX) struggling to clear yesterday's high and now trades 8X daily puts as 5,000 May 2015 $60 puts are bought to open $2.50 to $2.60, bearish position expecting shares to move lower the next few months. The $9.5B Co. trades 15X Earnings, 1.3X Sales and 2.28X Book with a 2% yield. DGX has 16M shares short, 11% of its float, though down from over 21M shares in August.
Wal-Mart (WMT) buyer of 10,000 Jan. 2015 $85 calls $1.29 after shares pulled back on a UBS downgrade, but longer term bullish call OI remains and the Company is doing very well
Adobe (ADBE) buyer of 3,000 April 2015 $80 calls at $2 at the PHLX, stock replacement ahead of 12/11 earnings, and big buyer of 5K Dec. 70 calls remains in OI
Teck Resources (TCK) buyer of 4,500 May 2015 $13 puts at $0.86 as Coal stocks crumble
December 3rd, 2014
Caterpillar (CAT) with a buyer of 4,500 May 2015 $95 OTM puts at $4.25 offer to open at the PHLX with shares at day highs, but a name hit hard last week and its exposure to Energy a concern for a Co. already struggling for organic EPS growth.
Zynga (ZNGA) bullish flow today with 5,500 Feb. 2015 $2 calls bought to open around $0.65. ZNGA is now trading 2.7X cash value with no debt.
Sanchez Energy (SN) Dec. 2015 large bullish spread sells 3,000 of the $8 puts at $1.80 and buys 3,000 of the $10/$20 call spreads at $2.70
Microchip Tech (MCHP) shares up 2.85% after a minor guidance boost but buyers of 4,500 Jan. 2015 $45 puts at $1.15 to $1.20 in sizable lots looking to fade the strength, much like the guidance cut in October saw shares sell off initially, but have now made it all back.
December 2nd, 2014
Raptor Pharma (RPTP) with 5,000 Jan. 2015 $10 calls bought to open at $1 offer, over $500K call premium, while 5,000 Feb. 2015 $7.50 puts trade to open at $0.80 at the CBOE, an opening seller, so very bullish flow in the recently struggling Biotech. The $555M Biotech trades 8.87X Sales and not yet profitable, also over 30% of its float is short. OpCo started coverage on shares at Perform on 10-31.
P&G (PG) a strong breakout last week and today an opening buy of 5,000 Feb. 2015 $92.50 calls $1.15 at the PHLX as shares press new highs
Walgreen (WAG) selling off to LOD but a buyer comes in for 3,500 Jan. 2015 2nd (W) $68.50 calls at $1.60 offer, closes out 2,500 of this week's $65 calls, staying bullish, earnings 12/23
December 1st, 2014
Comcast (CMCSA) bullish action with 5,000 July 2015 $60/$52.5 bull risk reversals trading to open for small net credits.
Whiting Petro (WLL) one of the struggling Oil E&P names that made a poorly timed deal for Kodiak (KOG), but buyers stepping in today for 5,000 Jan. 2016 $60 calls at $2.90 with shares trading $39
Yahoo (YHOO) down 3.5% and testing the 20 day EMA, and 5,000 March 2015 $50 calls buy at $3.95, sets up for a bounce and a name with sizable upside call positioning for weeks now, and will confirm OI change tomorrow.
Liberty Global (LBTYA) with a buyer of 15,000 July 2015 $55/$65 call spreads at $2.05, closes out 15,000 Jan. 2016 covered bull risk reversals. LBTYA was mentioned late Friday as a Co. that Vodafone (VOD) may be looking to make an offer.
Genesis Energy (GEL) unusual opening buy of 1,000 March 2015 $37.50 puts $1.35, an Oil & Gas midstream Co. with room to fall
November 26th, 2014
Mylan (MYL) active buyers of 2,700 Jan. 2015 $57.50 calls in early action paying $2.47 to $2.53, and comes after Jefferies laid out the case for Pfizer (PFE) buying out MYL around $70/Share
Schlumberger (SLB) roll down of 7,000 Dec. $95 puts to the $90 strike
Assured Guaranty (AGO) running with buyers active for 2,500+ Jan. 2015 425 calls at $1.35 offers, a name with large longer dated size in OI, bullish
Family Dollar (FDO) jumps as 9,000 Jan. 2015 $80/$85 call spreads buy at $1
November 25th, 2014
Zoetis (ZTS) with an opening buy of 1,000 April 2015 $50 OTM calls at $1.30 with stock trading $44.25, a recent new position for Bill Ackman's Pershing Square and expected to be bought out in 2015.
CNOOC (CEO) a weak Energy play and 2,500 June $155 puts bought today at $12, rolled from Dec. $165 puts. The $67.6B Chinese Oil & Gas Co. is nearing a major technical breakdown on the long term chart.
BioMarin (BMRN) with a buyer of 1,500 April 2015 $90 calls at $9.20, closes out 1,000 of the Jan. 2015 $70 calls, similar roll recently took place as well, shares at new highs following it's RNA acquisition to start the week.
Akamai Tech (AKAM) shares approaching the September highs and 1,500 Feb. 2015 $65 puts buy to open at $4.10 offers, more than $500K put premium bought today, bearish action into this move
Devon Energy (DVN) down 2.25% on day lows but seeing some more bullish options flow, a buyer of 2,700 Dec. $66 calls at $1.62 to open and also bull covered risk reversals in April 2015 trading 1,500X, buying the $70/$80 call spreads and selling the $60 puts.
November 24th, 2014
ON Semi (ONNN) running with 2,750 Jan. 2015 $9 calls bought $0.35, recent new 15M share stake for Greenlight Capital
Actavis (ACT) with more large bullish covered risk reversals, the Jan. 2015 $280/$310 call spread bought 2,000X with the $240 puts sold to open, net debit of $1.09 per spread
T-Mobile (TMUS) with 5,000 Feb. 2015 $29 calls bought to open at $1.65/$1.70 after 5,000 of the $30's bought last week. Another 5,000 bought later in the day at $1.60.
McDonald's (MCD) large roll of 8,000 Dec. $92.50 calls to Jan. $95 calls, expecting JANA Partners to make some noise in this name after initiating a position recently
November 21st, 2014
Infoblox (BLOX) buyer of 2,500 Jan. 2015 $15 calls $2.35 offer, reports 11/25 and size already in OI from large buys. BLOX Jan. $17.50 calls actively bought as well now with 3,500 trading.
Applied Materials (AMAT) with 14,500 April 2015 $25 calls bought $1.05, rolled out of 25,000 Jan. 2015 $24 calls, been a lot of large rolls to April lately, awaiting Tokyo Electron deal approval
Lululemon (LULU) continues to trade well since clearing $42.25 and 2,350 Dec. $47.50 calls bought today at $2.45 to $2.50, reports on 12/11
Agilent (A) trades 5,000 Jan. 2015 $60/$50 bull risk reversals in the chain not ex the Keysight spin-off, trades $1.175 debit, more bullish action
November 20th, 2014
Teva Pharma (TEVA) with a buyer of 6,000 Jan. 2015 $57.50 calls at $2.15 offer, already 10,439 in OI, and a rumored buyout target earlier this week with so many deals going down in this industry.
Pioneer Natural (PXD) working on a double bottom and action hot in December $190 OTM calls with 6,000 bought to open at $1.15 to $1.45.
Dollar Tree (DLTR) shares up 4.75% after a very strong earnings report, and a buyer of 10,000 May 2015 $67.50 OTM calls opens at the $3 offer at the PHLX, stock replacement strategy
Axiall (AXLL) unusual buyer of 1,000 May 2015 $50 calls at $2.05, shares moving out of post-earnings consolidation
Gran Tierra Energy (GTE) traded 28X daily calls with 2,800 May $5 calls bought $0.40 to $0.45. GTE has a $1.34B market cap and is basing at 2012 lows, and very cheap at 8.85X Earnings and 0.9X Book without any debt and a strong cash holding. CSFB recently lowered its target on shares to $7.50 as did Citi.
November 19th, 2014
Kellogg (K) with 4,500 December $67.50 OTM calls bought at $0.40 offers, one of the names rumored of interest to 3G Capital who is raising funds for a buyout of a key American consumer brand.
Jet Blue (JBLU) buyer of 10,000 March 2015 $14 calls $1.05 offer, rolls out Jan. 2015 $13 calls that were bought in size, and comes after the Company announced moves to boost profitability
McDonald's (MCD) trades 10,000 Jan. 2015 $100/$90 bull risk reversals at $0.48 debit, a recent new position for JANA Partners
International Paper (IP) buyer of 10,000 April 2015 $55 calls at $2.96 offer to open, closes the Jan. 2015 $52.50 calls, looking for more upside as the Company evaluates a MLP
November 18th, 2014
Avago Tech (AVGO) breaking out today and now 2,000 Dec. $95 calls buy to open $1.90 to $2 ahead of 12/3 earnings
AT&T (T) opening spread trades 10,000X20,000 at the ARCA, Feb. 2015 $35/$32 ratio spread at $0.48 debit, a good strategy when the name gets overbought, also willing to be long the stock at $32 considering the yield.
Viacom (VIAB) large opening March 2015 $77.5/$70 bull risk reversal 2,000X at $0.10 debit, second large r/r in March in a week.
Masco (MAS) opening buy of 7,000 Feb. 2015 $24 calls at $1.03, closes out 7,000 Jan. 2015 $23 calls $1.14
November 17th, 2014
Unum Group (UNM) trading 3,500 December $34 puts bought $0.85 to $1.30 offers to open, 40X daily put volume and more than 2X total put open interest as 30 day IV jumps 32% on the day. UNM will hold its Annual Investor Day 12-16 at 2pm which looks to be the catalyst these put buys are targeting for a move lower.
Microsoft (MSFT) seeing an insane amount of call buying today trading 135,000 calls 2.5 hours into the day and 61% offer for $1.8M call premium bought and a +1.7M Net Delta, large buyers in December $49 and $50 calls, and the most notable 45,000+ November $50 calls trading to open. MSFT 30 day IV up 13.5% on the day. MSFT present at UBS Tech Conf. on 11-19 and CRM reports this week, who it has partnered with in the cloud.
Associated Estates Realty (AEC) a very strong move today out of consolidation and trades over 4,000 March 2015 $20 calls to open at $1.10 to $1.25, and total OI in calls was 1,542 into today, very unusual position. The $1.13B Midwest REIT trades 1.82X Book with a 4.07% yield. AEC is an event play after Jonathan Litt launched an activist campaign to replace the Board of Directors, and he has had success in the past pushing REITs to be sold.
November 14th, 2014
Kinder Morgan (KMI) opening buy of 5,000 November 28th (W) $38.50 calls $1.25, massive size remains in OI, nearing $39 breakout
Yahoo (YHOO) with an opening buy of 10,000 April 2015 $65 calls at $0.95 at the PHLX, and lately YHOO's performance has been closely tied to Alibaba's (BABA), so expecting more momentum.
Baker Hughes (BHI) large spread trades amidst deal talks with Halliburton (HAL), the December $50 puts are sold to open 10,000X at $0.63 and December $62.5/$75 call spread bought 10,000X, both legs actually appear bought, overall a very bullish spread.
DreamWorks (DWA) buyer of 3,500 December $28 calls at $1.35, rolls out of November $28 calls, seeing potential for a takeover by Hasbro (HAS), but wanting more time, and Dec. $24 call OI above 9,000 from a 10-23 buyer of 5,000 at $1.40 to $1.85 and another 3,000 at $1.55 on 10-27.
November 13th, 2014
Reading International (RDI) very unusual action with 800 April 2015 $12.50 calls bought today at $0.65 offers and has seen elevated call buying the past week. RDI shares have been strong, up 50% YTD to new highs, and the $270M owner of Cinemas and Theaters trades 1.05X Sales and 2X Book. RDI has been moving on unusually heavy volume lately, very unusual and suspicious. RDI posted +288% revenue growth in Q2 and its CEO stepped down due to health concerns.
Dealer Track Tech (TRAK) unusual opening buys of 1,000 December $45 calls $2.50 to $2.55, a name I've always seen as a likely takeover target as a niche player
BioMarin (BMRN) opening buy of 1,500 April 2015 $90 calls at $7 offer, closes out 1,000 of the Jan. 2015 $70 calls at $17.70, looking for even more upside
EOG Resources (EOG) with 2,750 OTM Dec. $90 puts bought to open $1.99 to $2.05 with Crude Oil breaking lower
November 12th, 2014
Chicago Bridge and Iron (CBI) more bearish flow today with a buyer of 2,500 Nov. 28th (W) $52.50 puts and 2,000 of the Jan. 2015 $55 puts bought $3.30 offer.
Weatherford International (WFT) trades 3,160 Feb. 2015 / May 2015 $16 call calendar spreads to open at $0.56 debit, expecting limited upside the next few months, but expecting shares to hold up.
Mylan (MYL) bullish options positioning remains active with 1,000 December $55 calls bought $1.11-$1.13 and now 2,000 December $57.50 calls paid up to $0.70 to open.
Valeant Pharma (VRX) December IV surges higher as 5,000 Dec. $135 calls are bought $5.90 to $6.30, trading 2X daily calls in early action. VRX on 10-29 saw large opening buys of Dec. $145/$160 call spreads at $2.85 for 6,000 contracts, and remain in OI
November 11th, 2014
Leggett & Platt (LEG) opening buys of 2,000 November $40 calls $1.15 offer, 20X daily call volume. The $5.6B furnishings Co. is trading to new highs, and trades 19.65X Earnings, 4.7X Book and 39X FCF with a 3% yield.
ACADIA Pharma (ACAD) buyer of 1,500 March 2015 $30 calls $3 to open, closes 3,025 Jan. 2015 $30 calls $1.45. ACAD is coming off earnings and delayed the timing of NUPLAZID NDA Submission.
Realogy (RLGY) has been on a strong run with housing strength and today 10,000 Jan. 2015 $45 calls are bought to open $1.30 offer, rolled up from Jan. 2015 $40 calls closed $3.80.
Carnival Corp (CCL) with 5,000+ Jan. 2015 $41.50 calls bought at $1.30 to $1.33, look to be adding to the current OI above 10,000
November 10th, 2014
Tableau Software (DATA) November $85 calls bought 2,000X at $2.15 offer in a multi-exchange sweep, opening action, shares pulled back some off recent earnings high.
Schlumberger (SLB) bearish action coming in as shares move back below $100, the December $95 puts are bought to open 6,000X at $1.70 to $1.72.
Walgreen (WAG) buyers of 20,000 Jan. 2015 $70 calls at $1.31 to $1.40 as the December 5th (W) ITM $63 calls close 11,500X at $4.45, shares continue to climb
NCR Corp (NCR) now trading 2X daily calls with 3,850 December $29 calls bought to open at $1.40, shares quickly closed its earnings gap as investors see the eventual potential for a Company break-up as a catalyst to unlock value. NCR is Marcato Capital's top holding, a known activist.
November 7th, 2014
Shutterfly (SFLY) looks to be stabilizing after a sharp drop when Silver Lake failed to reach a deal toa cquire the Company. SFLY December $45 calls with 1,000 bought today at $1.30 offers. SFLY remains an attractive asset for a takeover, and could end up finding other buyers, though the Board recently said it plans to remain independent.
Motorola Solutions (MSI) strong today after two days of weakness giving up its earnings move, and 1,000 April 2015 $67.5/$60 bull risk reversals open at a $0.55 credit.
Belmond (BEL) unusual buyer of 1,000 December $10 calls at $1.10 to open yesterday, ITM calls after shares were volatile post-earnings. The $1.35B Hotel/Resort Co. trades 2.27X Sales and 1.34X Book. BEL also has 5,000 March 2015 $10 puts in OI that were sold to open. BEL shares are in a falling wedge on the weekly, and above the trend line and 8 week EMA at $11.75 would trigger a buy signal. ong>November 7th, 2014
November 6th, 2014
Lyondell (LYB) shares holding above recent lows and the March 2015 $100 calls are bought 8,000X to open at $1.61, look to be rolling out of Jan. 2015 $100 calls
Polaris (PII) now trading 4X daily calls with 500 each of the December $155 and $160 calls bought
Voya Financial (VOYA) buyer of 3,000 Dec. $39 calls $1.55 offer, rolls out of November $39 calls
Horizon Pharma (HZNP) buyer of 3,000 Feb. 2015 $14 calls at $1.65, closes out 2,000 November $10 calls $3
November 5th, 2014
S&P (SPY) December $215 far OTM calls with 50,000 bought at $0.14 and now over 350,000 are trading, and these serve virtually no purpose as hedges, so lottery tickets, likely catalyst being European and China stimulus kicking in like Japan recently performed.
Infinera (INFN) bulls look to be adding to positions with the stock off 5.5%, coming off a great quarter and big rally, the Jan. 2015 $13 calls with 5,000 trading $1.25 to $1.35, look to add to a recent buy of 5,000.
Green Dot (GDOT) unusual buyer of 900 March 2015 $22.50 calls $2.65 offer after 1,000 bought to open on 10-31
Medtronic (MDT) buyer of 5,000 Feb. 2015 $70 calls $2.18, rolls out from Jan. $67.50 strike. MDT shares are breaking to new highs after Covidien (COV) posted a strong quarter, a Company it is merging with, and MDT already with sizable upside call OI. MDT also with a roll of 5,000 Jan. 2015 $70 calls to Feb. 2015 $70 calls where 10,000 now bought.
November 4th, 2014
Halliburton (HAL) buyer of 2,000 April 2015 $57.50 calls at $2.02 offer with the stock off 5.5% and Baker Hughes (BHI) with a buyer of 2,000 April 2015 $57.50 calls at $1.64 with the shares off 3.9%.
Kellogg (K) opening buy of 7,500 Jan. 2015 $65 puts at $2.55, closes out 5,000 December $67.50 puts $4.10
Athersys (ATHX) opening buy of 2,000 April 2015 $4 calls $0.45/$0.50 offers
UAL Corp (UAL) opening buy of 10,000 Jan. 2015 $57.50 calls at $3.20, and earlier a buyer of 3,000 March 2015 $57.50 calls at $5.42 that rolled out of December $47 calls
November 3rd, 2014
Dover (DOV) trading 4,150 calls in the first hour, running 30X average, and 30 day IV is up 16.9%, shares popped off the lows this morning. Buyers are active for 2,200 November $80 calls and 1,300 of the November $85 calls. The $13B Industrial trades 15X Earnings, 1.6X Sales and 3.39X Book with a 2% yield.
Deere (DE) shares down today and 3,000 November 28th (W) $83 puts are bought to open at $1.21 to $1.25, bearish flow continues in the name, earnings on 11/26.
Medivation (MDVN) a consistently strong Biotech and today a buyer comes in for 3,000 Jan. 2016 $120 calls at $17.75, a $5.325M position, and closes out 2,700 of the Jan. 2016 $82.50 calls.
Bristol Myers (BMY) opening buy of 7,500 Jan. 2016 $57.50 puts at $6.45 today, looking to fade the recent surge in shares
October 31st, 2014
Large cap Energy plays seeing OTM calls opened in December. Exxon (XOM) block of 10,000 December $100 calls at $0.48, Chevron (CVX) block of 10,000 December $125 calls $0.52, and Conoco (COP) with 10,000 December $77.50 calls at $0.41.
Qlik Tech (QLIK) November IV jumping as 3,000 Nov. $27 calls are bought $1.85 offer
Neurocrine (NBIX) shares falling and trading 20X daily puts as 4,000 Jan. 2015 $17/$10 put spreads are bought to open $2.60, bearish position after shares reached a high this morning, and now fading.
Crown Castle (CCI) buyer of 4,000 Jan. 2015 $82.5/$90 call spreads at $1.35 with shares down 4.8% at $79.25 on earnings. CCI also buyer of 5,000 Nov. $80 calls to open $1.20, closes 6,500 of the Nov. $85 calls
October 30th, 2014
Zebra Tech (ZBRA) buyer of 4,000 November $75 calls $1.50 to open, closes 2,000 November $65 calls $7.10 that were bought to open at $2.50 on 10-13, catching the bottom well. ZBRA closed lower last report after closing higher the prior 3 reports. The $3.62B Co. trades 17.84X Earnings, 3.2X Sales and 3.44X Book with double digit EPS growth.
Chart Industries (GTLS) down 8.5% on weak earnings but trades 3X daily options as 500 Jan. 2016 $40 puts sell to open $6.60 and 1,000 June 2015 $50 calls buy at $3.65. GTLS now has a $1.4B market cap at 13.2X Earnings, 1.2X Sales and 1.66X Book.
Best Buy (BBY) ITM November $30 calls are bought 1,650X to open at $3.10. BBY also with 4,025 November $32.50 calls being bought to open $1.80 to $1.90, bullish action, shares upgraded earlier and reports on 11/20.
Entergy (ETR) with 6,000 December $87.50 OTM calls bought, seeing OTM call buying in a few utilities today, a group that M&A has been active.
October 29th, 2014
C&J Energy (CJES) on the move trading 7X daily calls with 2,400 November $18 calls bought $1.65 to $2 ahead of earnings after the close, one of the many beat down Oil related names.
Google (GOOG) large buys to open for 2,000 December $580 calls at $5.10 to $5.50, nearly $1M call premium bought. GOOG shares have been recovering strong since trading down to support after earnings. Action continued to come into these with 3,000 trading by Noon.
Toll Brothers (TOL) buyer of 25,000 Jan. 2015 $34 calls at $0.80 to $0.85, roll out from 35,000 December $36 calls
Applied Materials (AMAT) opening buy of 5,000 April 2015 $20 calls at $2.66, will report earnings on 11/13
October 28th, 2014
GlaxoSmithKline (GSK) opening buyer of 3,500 Feb. 2015 $47 calls at the $0.90 offer as well as 2,000 Jan. 2015 $45 calls at the $1.30 offer, trading 3X daily calls, the underperforming Pharma may become an activist target.
Toll Brothers (TOL) opening buys of 3,000 December $34 calls at $0.70/$0.75 offers,, a name with more than 35,000 of the Dec. $36 calls in OI.
KAR Auction Services (KAR) unusual buyer of 3,000 November $30 calls at $1.30, 10X daily and reports on 11/4. KAR has closed higher on earnings the last 3 reports.
HCA Corp (HCA) big buyers of 6,500 November 14th (W) $70 puts at $1.55 to $1.70, shares reversing off highs after announcing earnings and a $1B buyback
October 27th, 2014
AIG buyers of 2,450 Feb. 2015 $50 calls at $3.85 offers today, comes ahead of 11/3 earnings. AIG shares are red today but the Insurance ETF is one of the strongest in the market today.
Informatica (INFA), a stock that showed strong price-action despite disappointing earnings, trades 1,000 Jan. 2016 $40/$30 bull risk reversals to open today, a stock considered the next likely buyout target after the TIBCO (TIBX) deal in that industry,
Finisar (FNSR) opening buys of more than 3,000 December $17 calls at $0.80 offer, a name that has seen a lot of December and Jan. 2015 call accumulation.
October 23rd 2014
PAREXEL (PRXL) with 1,200 December $65 calls bought to open $2.50 to $2.60, trading 25X daily calls ahead of 10/29 earnings. PRXL was a top small cap pick for this year and the $3.48B biopharmaceutical outsourcing Co. trades 20X Earnings and 16.2X FCF with strong growth, and trading right near a new high.
Chicago Bridge & Iron (CBI) buyer of 5,000 Jan. 2015 $55 calls at $2.90 as 2,000 of the Jan. 2015 $47 calls are sold to close $7.64, shares a bit higher despite posting weak revenues.
Burger King (BKW) trades 5,000 November/December $30 put calendar spreads at $1.15, earnings late October, but puts been rising in BKW due to concerns Tim Horton's (THI) deal falls apart.
October 22nd, 2014
Boeing (BA) weak response to earnings reversing from up more than 2% to down 3%, price-action that may be indicating we are at a peak for jet demand, and seeing buyers active for 2,800 Feb. 2015 $120 puts today.
Monsanto (MON) bearish spread with shares well off recent lows, the November $115 puts bought 6,000X at $2.62 and the Jan. 2015 $115 calls sold 4,000X at $3.26.
NPS Pharma (NPSP) buyers of 1,225 February 2015 $36 OTM calls $2.10, speculative plays looking for Shire (SHPG) buyout
Hill-Rom (HRC) unusual opening buy of 1,400 December $45 calls at $1.55 with shares set to report on 11/5, already trading up near 2014 highs. The $2.45B provider of hospital equipment trades 16.57X Earnings, 1.49X Sales and 2.95X Book with a 1.43% yield. Care Fusion (CFN) was recently acquired in a $12.2B deal by Becton Dickinson (BDX), so HRC may be another name someone is looking at for ana cquisition.
October 21st, 2014
International Paper (IP) with buyers of 2,400 ITM December $48 calls at $2.41 this morning, and also seeing 10,000 Jan. 2015 $45 short puts rolled up to the $49 strike, which were part of bull risk reversals with the $49 calls back in early September.
Colgate (CL) reports 10/24 before the open and a spread today trades 2,750 each of November $65 calls ($1.43) and May 2015 $65 calls ($3.38), both legs trade mid-market, potential calendar spread. CL has closed lower its last 4 reports.
Wells Fargo (WFC) trading 12,000 November $50 calls with buyers at $0.78, accumulation of 20,000 already in OI from the past week. WFC shares were down sharply into earnings and now with housing strength shares are recovering.
Coca Cola (KO) big buyers step in for 7,500 October 31st (W) $40 calls to open $1.08 offer
October 20th, 2014
Clovis Oncology (CLVS) buyer of 3,000 November $50/$70 call spreads at $4.20
Deckers Outdoor (DECK) buyer of 1,500 November $90/$100 call spreads ahead of 10/23 earnings
Rice Energy (RICE) Jan. 2015 $25 calls bought 12,500X at $2.20, looks to close 15,030 of the $30 calls
Linn Energy (LINE) has bounced around 20% off recent lows but buyers come in here for 3,500 April 2015 $23 puts at $2.65/$2.70 offers
October 17th, 2014
PennyMac (PMT) large buyer 3,000 November $20 calls $1.25/$1.30, trading 150X daily call volume with the trade. The $1.53B mortgage investment Co. trades 7.55X Earnings and 0.97X Book with an 11.8% yield. PMT may be getting a lift from the falling mortgage rates. On 10-10 Piper started shares Neutral with a $23 target.
Mylan (MYL) is trading 2X daily calls early with 2,000 each of the November $52.50 and $55 calls bought, shares rebounding strong this week and in early October upped its outlook, earnings on 10/30. There also has been some talk that TEVA could take a look at MYL for a game-changer acquisition.
Dow Chemical (DOW) trades 10,000 November $49/$43 bull risk reversals at $0.15 debit, and after recent accumulation of over 25,000 November $45 calls
US Steel (X) big buyer of 3,000 November 7th (W) $33 calls at $3.05 offer, reports on 10/28
October 16th, 2014
Visteon (VC) buyer of 2,500 Jan. 2015 $90 calls at $4.70, looks to be closing out some Dec. $110 and Jan. $105 calls. The $3.72B auto parts Co. trades 0.52X Sales, 2.98X Book and 7X trailing earnings.
Dish Network (DISH) November $60 calls hot with buyers at $2.80 to $2.95, a day after 6,000 of these calls bought to open. DISH remains a prospective M&A name and now testing its low from April providing a nice entry.
Assured Guaranty (AGO) trades 3,200 April 2015 $23/$18 bull risk reversals at $0.33 debit
October 14th, 2014
Express (EXPR) buyer pays $1.30 for 4,000 Jan. 2015 $15 calls, stock trying to double bottom with the $14 low and was reported to be in the sights for Private Equity.
BE Aerospace (BEAV) large spread in Jan. 2015 sold 5,000 of the $65 puts at $2.66 and bought 5,000 of the $85/$95 call spreads at $1.56, net credit on the spread.
Air Gas (ARG) with another 1,000 Jan. 2015 $115 calls bought $1.25 to open
Home Depot (HD) well off its lows after a downgrade this morning and 4,500 October $91 calls bought just before Noon at $0.64 offers in large lots, expecting a three day bounce, likely housing data this week a catalyst.
October 13th, 2014
Sumitomo Mitsui Financial (SMFG) trading unusual options action today as 13,500 April 2015 $7.50 puts are sold to open at $0.50. The $54.1B Japanese Bank trades 8.37X Earnings and 0.77X Book with a 6.24% dividend yield. SMFG recently sought to raise its stake in Bank of East Asia and is considered a top bidder for Citi's Diners Club card business in Japan.
Petrobras (PBR) earlier with 10,000 November $21/$24 call spreads bought at $0.76, and now a large buy of 15,000 December $18 calls spread vs. a sale of November $12 puts at $0.39.
Citi (C) green and going for day highs ahead of earnings tomorrow, and a block of 7,500 Jan. 2015 $50 calls bought at $3, also 4,000 December $50 calls bought today
Shutter Stock (SSTK) trading 35X daily calls as a trader bought 1,000 November $70/$85 call spreads at $2.65
October 10th, 2014
MasterCard (MA) spread sold 3,350 Jan. 2016 $62 puts and bought 3,350 Jan. 2016 $72/$82 call spreads, net cost of $0.00 for the spread, and in this case was rolled from Jan. 2015. The $83.2B Co. trades 20X Earnings, 9.35X Sales and 26.7X FCF with 15%+ EPS growth.
Golar LNG (GLNG) trades 5,000 Jan. 2016 $60/$40 bull risk reversals at $3.30 debit
Morgan Stanley (MS) with opening buys of more than 15,000 Jan. 2015 $37 calls at $0.60 to $0.62 as shares test the 20 week EMA and trend support off April and August bottoms, earnings on 10/17, and has seen substantial call buying recently.
Conoco Phillips (COP) buyer of 5,000 November $67.50 puts $1.15 offer, more than $540K put premium bought, and aligns with the Chevron (CVX) put buying.
October 9th, 2014
Energy Transfer (ETE) buyer of 2,500 October $57.50 calls $1.40 offer and Energy Transfer Partner (ETP) buyers of 3,500 October $67.50 calls $0.40, both names have seen large longer term calls accumulated and could set up for a Kinder Morgan type deal.
Actavis (ACT) buyer of 500 November $250 calls $11 offer, also trades 480 Dec. $255/$235 bull risk reversals, bullish trades piling up in this name as shares flag tightly.
Aruba Networks (ARUN) opening buy of 2,000 November $22 calls at $1.15 to $1.20, and a recent large roll to 5,000 April 2015 $24 calls.
Perrigo (PRGO) with 815 Jan. 2015 $160 calls bought $5.20, a name not to be forgotten as a likely M&A name, whether as the acquirer or the acquired
October 8th, 2014
Signet (SIG) with 1,350 November $115 calls bought to open at $2.40, a name that has not shown much weakness. The $9.1B jewelry store Co. trades 17.1X Earnings, 1.98X Sales and 3.39X Book.
Outer Wall (OUTR) trading 2X daily puts with 3,000 November $50 puts bought to open $1.70/$1.75, bearish action with shares taking out the July lows.
NXP Semi (NXPI) buyer of the November $67.5/$72.5 call ratio spread 2,500X5,000 at $0.50 debit, earnings on 10/22
Dow Chemical (DOW) buyer of 4,000 November $50 calls $1.25 and large action comes in buying as more than 14,000 trade
October 7th, 2014
Salix (SLXP) spread sold 1,000 Nov. $130 puts $3.50, bought the Nov. $155/$175 call ratio spread 1,000X2,000 at $4.30, pro-trade, likely seeing potential for a deal at $175.
Applied Materials (AMAT) more bullish action as 4,000 April 2015 $22 calls buy to open $1.38 offer, more than $600K call premium bought in it this morning.
Limited Brands (LB) bearish action with 2,000 Oct. $65 puts bought $0.65 to $0.85 ahead of same store sales
Interxion Holdings (INXN) buyer of 5,000 Jan. 2015 430 calls at $1.65/$1.70 as the October $30 calls close at $0.15, buying more time.
October 6th, 2014
Universal Display (OLED) trading 7X daily puts with 5,000 November $30 puts bought to open $1.45 to $1.55. OLED will next report earnings in early November. The $1.53B flat-panel display Co. trades 20.6X Earnings, 3.4X Book and 31.2X FCF with no debt. OLED has 9.13M shares short, 26.8% of the float, and the timing of the puts today is interesting considering another display Co. filed for bankruptcy, also one often rumored to be in Apple products.
Southwestern Energy (SWN) trades 3,000 Jan. 2016 $40/$30 bull risk reversals to open. SWN saw a lot of November call buying last week as well. Range Resources (RRC), another natural gas play, also trading 3,000 Jan. 2016 $75/$57.50 bull risk reversals. Natural Gas is near support and could be the seasonal trade if weather turns cold faster than anticipated.
Constellium (CSTM) shares hammered since announcing a $1.4B deal for Wise Metals and today longer term action attracting over 2,000 February 2015 $21 calls bought to open $1.85. The $2.3B metals Co. trades 9.6X Earnings, 0.53X Sales and 24.7X FCF.
October 3rd, 2014
YUM Brands (YUM) traded 2,500 November $70/$65 bull put spreads yesterday ahead of 10/7 earnings, and also opened another 2,500 April 2015 $72.5/$65 bull risk reversals. YUM shares have been flat for weeks and the China issues are well known at this point, and potential for it to spin-off its China assets to unlock shareholder value, so overall seeing bullish positioning into earnings next week.
Receptos (RCPT) with a large bullish spread for a Biotech already trading near highs, the December $50 puts sold to open 1,000X at $2.94 and the December $70/$85 call spread bought 1,000X at $5.94
Integrated Devices (IDTI) buyer of 4,000 March 2015 $16 puts at $1.72, closes out 4,000 of the November $14 puts at $0.32. IDTI Nov. $16 puts are bought 10,000X to open here as well at $1.10
EMC opening buy of 5,000 October 24th (W) $30 calls at $0.42. HPQ holds an Analyst Day on 10-8 and could combine about the merger it reportedly attempted with EMC. EMC Corp (EMC) now with an opening buy of 30,000 April 2015 $31 calls at $1.125, looks to be closing 30,000 Jan. 2015 $31 calls
October 2nd, 2014
Darling International (DAR) trading 12X daily calls as 4,000 October $19 calls buy to open at $0.30 offer and 30 day IV jumps over 25%. DAR shares are moving strong today up 2.5%, and the $3B Co. trades 14.75X Earnings and 1.48X Book.
Actavis (ACT) spread bought 1,000 May 2015 $250/$300 call spreads at $16 and sold 1,000 May 2015 $215 puts at $12.20
Vulcan Materials (VMC) with an opening buy of 5,000 November $60 calls at $2.15 offer, nearly $1M call premium purchased. VMC shares are re-testing the prior breakout from late 2013 and looking to possibly form a base around this $58 level.
North-Star Asset Mgmt. (NSAM) buyer of 2,500 December $20 calls $0.45/$0.50 offers with shares putting in a reversal hammer today off familiar support.
October 1st, 2014
American Air (AAL) fighting back and 10,000 October $35.50 calls buy to open
Texas Roadhouse (TXRH) bounces after more than 2,400 December $30 calls are bought at $0.50, a recent breakout name in the hot restaurant space.
Borg Warner (BWA) buyer of 1,800 Oct. $55 calls $0.40 offer. BWA a $12B auto parts Co. at 13.26X Earnings, 1.5X Sales, 3.1X Book with 0.99% yield and 15%+ EPS growth, shares down 15% in a month
Finisar (FNSR) bullish action as 2,350 November $17 calls are bought to open at $0.85. FNSR shares are -30% YTD and trade 11.3X Earnings, 1.36X Sales and 1.56X Book with a strong balance sheet.