Monday, April 11, 2011

Option Flow Recap April 11th

Macro / Thematic

XLE Energy Select Sector SPDR (ETF) - 19,000 of the July 75 puts were bought for $1.03

OIH Oil Service HOLDRs (ETF) - 41,000 of the May 150 puts were sold at $1.90

SLV iShares Silver Trust (ETF) - 100,000 July 25 Puts were bought for $0.10

 more after the jump


AMR AMR Corporation – The January’13 3 puts were again active today. A buyer purchased 8100 for ~$0.51. This comes after open interest increased by over 10,500 late last week reaching 36,000 as of this morning.

MGM MGM Resorts International. – 10,000 of the January 12.5 calls were bought for $2.45. The stock is down 24.5% from its January 18 high.

Ford Motor Company – 8200 of the January 15 puts were sold at $1.69. It is likely a closing position as open interest in the line is 138,000.

CVC CVS Caremark Corporation – 20,000 of the June 29 / 38 strangle was sold at $2.10.


HEAT SmartHeat Inc  – 1900 of the September 3 bullish risk reversal was bought for $0.35. The September 3 calls were bought for $0.75 and the September 3 puts sold at $0.40.

Industrial / Materials

WLT Walter Energy, Inc. – 2500 of the January’13 65 puts were sold at $4.25. The puts were sold to open.

OSG Overseas Shipholding Group Inc. – 3300 of the May 30 calls were sold at $1.75. The calls were sold to open.


PCS MetroPCS Communications, Inc. – 4500 of the May 15 / 17 calls spread was sold at $1.225. The May 15 calls were sold at $2.00 and the May 17 calls bought for $0.775. It is possibly a roll higher in strikes.

YHOO Yahoo! Inc. – The January 20 / 25 1x2 call spread was bought for $0.50, 5000 x 10,000.

S Sprint Nextel Corporation – 10,000 of the January 4.5 / 5 bullish risk reversal traded for $0.07. The puts were sold and calls bought.

MRVL Marvell Technology Group Ltd. – 23,000 of the May 15 puts were sold at $0.38


BAC Bank of America Corporation - 20,000 of the April 14 calls were bought for $0.14. Earnings will be reported later in the week.


THC Tenet Healthcare Corporation – 6500 of the May 7 puts were bought for $0.35 news of a lawsuit vs CYH

CYH Community Health Systems  - Puts were very active after Tenet Healthcare (THC) filed a lawsuit alleging that CYH inflated admissions and overstated growth statistics.

*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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