Thursday, March 24, 2011

Option Flow Recap March 24th

Macro / Thematic

Financial Select Sector SPDR (ETF) XLF - May 15/19 strangle sold @ $0.21 6,886x

 more after the jump

Gannett Co., Inc. GCI - Traded 8X average puts as 4,000 May $15 puts were bought at $0.90 and 
> 2,000 April $15 puts bought at $0.50. Very bearish.


Yingli Green Energy Hold. Co. Ltd. YGE - 5k May 11 puts bought to open @ $0.55

Nabors Industries Ltd. NBR - A trader bought 2k April 30 calls and sell 1k April 27 puts

Industrials / Materials

Steel Dynamics, Inc.  STLD - A trader bought 2500 Aug 23 calls.  Traders continue to stay bullish this name. 


Ebix, Inc. EBIX - got hit hard today with traders referencing this article.  See our trade of the day for more info. 

Apple Inc. AAPL - 6k March 350/355 weekly bull verticals trade @ $0.10

Cypress Semiconductor Corporation CY - April 19 & 20 puts were being bought about 


Citigroup Inc. C - One trader sold 50,000 may 4.5 calls @ $0.15, sold 50,000 June 4 puts @ $0.07 & sold 50,000 Sept 4 puts @ $0.15 vs 4.39 stock.  Odd trade.  The Jan 12 4/5 strangle was also bot for $0.52 25,000x.  There was also a lot of call buying the front month 4.5's. 

Bank of America Corporation BAC - 50k May 21 puts trade @ .21


Pfizer Inc. PFE - 50k Jan 25 calls bought at $0.70.

*Special thanks to Flotilla Partners, Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, and all of the options desks and traders we work with to provide the option flow!

No position at this time. Position declarations are believed to be accurate at time of writing but may change at any time and without notice.

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