Options Flow Recap May 23rd

Macro / Thematic

EWG iShares MSCI Germany Index Fund – 4000 of the June 26 puts was bought for $0.87.

UUP PowerShares DB US Dollar Index Bullish  – 9000 of the September 22 call was bought for $0.55.

GLD SPDR Gold Trust  - 20,000 of the June 140 / 145 put spread was bought for $1.00. The put spread was bought to open.

Consumer

AMR AMR Corporation - 38,000 of the June 7 calls were sold at $0.16. It is possible this is a closing transaction. 

COST Costco Wholesale Corporation - 1000 of the June 77.5 / 80 / 82.5 put fly was bought for $0.42. 

GM General Motors Company - 15,000 of the August 31 calls were bought for $1.85. The calls were bought to open. 

ANN Ann Inc - 10,000 of the June 29 puts were sold at $0.71.

Energy

WMB Williams Companies, Inc. – The November 32 / 40 1x2 call spread was bought 5000 x 10,000 for $1.22.

Tech

WFR MEMC Electronic Materials, Inc. - ~10,000 of the June 10 calls was bought for $0.50. The calls were bought to open.

EMC EMC Corporation  – 5000 of the January’13 25 / 30 strangle was sold at $5.05 net credit. The trade might have been done against 2500 of the January’12 28 straddle which appears to have been bought for $5.15 net debit.

Industrials / Materials

KGC Kinross Gold Corporation  – 10,000 of the August 20 calls was bought for $0.14.

X United States Steel Corporation – 5000 of the July 49 calls was sold at $0.85. The calls were sold to open.

IFF International Flavors & Fragrances Inc. – 13,000 of the June 65 calls was sold at $0.30. The calls were sold to open.

Financials

MS Morgan Stanley – 10,000 of the June / July 26 call spread traded at $0.19. It appears to be a roll from June to July.

BAC Bank of America Corporation – 20,000 of the August 12 / 13 call spread was bought for $0.24. It is possibly a roll or the closing of a position. Also, November $14/January 2012 $15 call spread trades at $0.02 on 30,0000 contracts

Healthcare

PCYC Bank of America Corporation – 3000 of the November 6 puts appeared to be sold at $0.55.

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.