Wednesday, April 27, 2011

Option Flow Recap April 27th

Macro / Thematic

KRE SPDR KBW Regional Banking (ETF)  - 10,000 of the June 22 puts were bought for $0.09

SPY SPDR S&P 500 ETF - 21,200 of the July 145 calls were bought for $0.31 against a sale of 4800 of the July 125 puts at $1.37

XLF Financial Select Sector SPDR (ETF) - 35,000 of the June / July 16 put spread was bought for $0.14.

HD The Home Depot, Inc. – The January 2013 35 / 45 1x2 call spread was purchased for $2.40, 3000 x 6000.

MNI The McClatchy Company - 5000 of the July 3 calls were bought for ~$0.49. The calls were bought to open.


BHI Baker Hughes Incorporated - 14,000 of the July 65 calls were sold at $12.925 and 20,000 of the July 75 calls were bought $5.50.

Industrials / Materials

ABX Barrick Gold Corporation (USA) - 10,000 of the June 55 calls were sold at $0.81. The calls were sold to open.

CSTR Coinstar, Inc. - Over 5400 of the May 47.5 puts were bought on the day with over 99% trading on the offer. It is likely hedging or a bearish position trading ahead of earnings tomorrow.

KGC Kinross Gold Corporation (USA) - 5000 of the May 17 calls were sold at $0.11 and 13,000 of the June 17 calls were bought for $0.27.


AAPL Apple Inc. - 2000 of the July  400 / 415 call spread was sold at $0.95

NXPI NXP Semiconductors NV - 5000 of the October 30 / 37.5 strangle was sold at $5.95.

VIP VimpelCom Ltd (ADR) - 7500 of the December 13 / 16 bullish risk reversal traded with the investor collecting $0.19. The trade appears to be opening.


JPM JPMorgan Chase & Co. - 12,000 of the September 49 / 52.5 call spreads were bought for $0.70. The calls spread was executed in two separate legs only seconds apart. Both sides were opening transactions.


REGN - Regeneron Pharmaceuticals - soared 28.60% today and saw 14.6 times its usual options volume trade after an announcement regarding “positive top-line results” for a treatment in Phase 3 studies for patients with macular edema due to central retinal vein occlusion (CRVO), according to PR Newsire.  The most active options that traded today were: May 60P (4.2K), May 70C (2.8K), May 50P (1.7K), May 55C (1.6K), May 60C (1.6K).  The top positions right now are: May 50C (3.1K), May 55C (3K), Aug 45C (1.4K), May 47C (1.1K), Aug 50C (916). 

ALR Alere Inc - 15,000 of the January 35 / 45 bullish risk reversal traded at $0.50. The calls were bought for $2.05 and the puts were sold at $2.55. The position appears to be opening and was tied to 1 million shares at $37.93.

CEPH Cephalon, Inc. - 6500 of the May 67 puts were bought for $0.65.

*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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