Option Flow Recap April 20

Macro / Thematic

TLT iShares Barclays 20+ Yr Treas.Bond – 50,000 of the June 101 calls were sold at $0.14 and the September 98 / 101 call spread was bought for $0.46, also 50,000x. The September call spread was bought to open and the June calls appeared to be a closing transaction.

Consumer

LVS Las Vegas Sands Corp. – 10,000 of the May 40 puts were bought for $0.45. The puts were bought to open.

DISH DISH Network Corp – 10,000 of the May 24 calls were sold at $1.15. The calls were sold to open.

SVU SUPERVALU INC. – 3000 of the October 13 calls were bought for $0.55. The calls were bought to open.

Energy

WMB Williams Companies, Inc. – 35,000 of the May 17 / January 22.5 call spread was sold at $5.05. The May calls were sold to close and the January 22.5 calls were bought to open.

ENER Energy Conversion Devices, Inc. – 22,000 of the September 1.5 puts were bought for $0.35. The puts were bought to open.

Industrials / Materials

TYC Tyco International Ltd. – 11,000 of the May 47 / 52.5 risk reversals traded at $0.30. The May 52.5 calls were bought for $0.54 and the May 47 puts were sold aat $0.85 to open versus 48.86 stock

VALE – 12,000 of the January 35 / 45 1x2 call ratio spread was bought for $1.86 12,000 x 24,000. It appears to be an opening position tied to 300,000 shares.

ABX Barrick Gold Corporation  – 5000 of the May 55 puts were bought for $1.67 versus $55.23 stock. The puts were bought to open.

Tech

BMC BMC Software, Inc. – 5000 of the May 52.5 calls were bought for $0.575. The calls were bought to open.

VZ Verizon Communications Inc. – 10,000 of the January 32 / 42 bullish risk reversal traded for $0.33. The trade appears to be opening and tied to 492,000 shares at $37.89.

Financials

PRU Prudential Financial, Inc. – 4500 of the January 65 / 72.5 / 80 call fly was bought for $1.30

WFC Wells Fargo & Company – 9000 of the January 20 / 30 put spreads were sold and 9000 of the January 35 calls were bought, with the investor collecting $2.40 on the package.

Healthcare

ARIA Ariad Pharmaceuticals, Inc – 10,000 of the May 3 / November 5 put spread was bought for $0.25. The trade appears to be a roll from May to November up and out.

CYH Community Health Systems – 7500 of the May 24 / 28 bearish risk reversal was bought for $4.15. The trade appears to be opening and tied to 750,000 shares at $31.60

*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.