Monday, March 28, 2011

Option Flow Recap March 28th

Macro / Thematic

UUP PowerShares DB US Dollar Index Bullish – Bullish play on the dollar with 5000 September 23 calls bought for $0.29

 more after the jump


GT The Goodyear Tire & Rubber Company  – 2000 of the April 13 puts were bought for $0.10. The investor appears to be expecting further downside in the weeks to come.

LTD Limited Brands, Inc. – Nearly 5000 August 33 puts were bought to open for $3.10 in a multi-exchange sweep. There is no news on the stock today, but the August puts do capture earnings on due mid-May.

LCC Target Corporation – 10,000 May 10 / June 12 call spread appeared bought for $0.24.

TGT Target Corporation – 5000 July 57.50 calls were bought for $0.29.


HLX Helix Energy Solutions Group Inc. – Nearly 4000 April 18 calls were bought to open for $0.30 in a multi-exchange sweep. The company has been the subject of takeover speculation recently. These calls are 6.7% out of the money with 18 days left to expiration.

EXC Exelon Corporation – 10,000 April / May 42 call spreads were bought for $0.35. Appears to be an opening trade.


AT&T Inc.  – 50,000 July 33 calls traded at $0.06.

CERN Cerner Corporation – 3600 April / June 110 put spreads were bought for $3.50. Earnings are expected after the April expiration.

STX Seagate Technology PLC – 8000 September 10 puts were bought for $0.31.

Industrials / Materials

BA The Boeing Company – 2000 November 62.5 puts were sold at $2.94. They were sold to open.

HMY Harmony Gold Mining Co. – 10,000 May 16 calls were bought for $0.25. The calls were bought to open.


Citigroup Inc. – 10,000 July 4.5 / 5 call spreads were bought for $0.16. Also 16,750 July 4.5 straddles were sold at $0.49.

WFC Wells Fargo & Company – Nearly 19,000 January 35 calls were sold at $2.03. This could be a closing of a position in the name.

RDN Radian Group Inc. – 3700 April 7 call were bought for $0.40. The calls were bought in a multi-exchange sweep.


PFE Pfizer Inc – 2000 of the January 17.5 / 22.5 bullish risk reversals.

*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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