Thursday, April 14, 2011

Option Flow Recap April 14th


SPDR S&P 500 ETF SPY  - seller 30,000 April 131/132 put spreads at 63 and a buyer 10,000 April 131 puts for 55

SPX - saw 141% the normal volume with 382K calls and 598K puts traded.  One of the largest prints was a buyer 20K May 1100 puts for 1.45


The Coca-Cola Company KO – 3500 of the January’13 65 / 70 strangle traded at $10.80. It appears the strangle was sold to open.

SLE Sara Lee Corp.  – The July 17 / 19 1x2 risk reversal traded today. The July 17 puts were sold 20,000x at $0.35 and the July 19 calls were bought 10,000x for $0.55. The combo was tied to 890,000 shares at $18.35. The company is scheduled to report earning before the open on the 5th of May.

GME GameStop Corp. - 1500 of the July 35 calls were bought for $0.12. This comes a day after there was a resurgence of takeover chatter in the name and a slew of activity in the calls. Earnings are due mid-May.


LNG Cheniere Energy, Inc. - 11,000 of the September 12 calls were bought for $0.80. The calls are 52.8% out of the money. The calls were bought to open.


RHT Red Hat, Inc. - 13,000 of the April 44 / 45 call spreads were bought for $0.80. The position could be to close.

MSFT Microsoft Corporation  - 108,000 July 27 calls were bought for $0.44 and 71,000 of the October 26 calls were sold at $1.24.

CSCO Cisco Systems, Inc. - 15,000 of the June 16 puts were sold and the June 18 / 20 call spread was bought for $0.01. The calls spread was bought to open and the puts sold to open.

MICC Millicom International Cellular SA – 4000 of the April 105 calls were rolled into the July 110 calls for $1.00. The April 105 calls were sold at $0.20 and the July 110 calls bought for $1.20.

Industrial / Materials

LMT Millicom International Cellular SA - 10,000 of the May 80 calls were bought for $0.80. The calls were bought to open.


KKR KKR & Co. L.P.  - May 17 calls were active today with 1250 of the contracts being bought for $1.40 and 1000 being bought for $1.25. The company will report earnings on the 12th of May.

HRB H&R Block, Inc. – 18,000 of the January 12.5 / October 17 put spread was bought for $1.07 and bought 15,000 January 10 / 15 put spreads for $1.0625 and bought ~500K shares at $17.60.


BAX Baxter International Inc. - April 52.5 and 55 puts were active today with 3300 and 2220 trading, respectively.

*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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