Wednesday, May 25, 2011

Options Flow Recap May 25th

Macro / Thematic

UUP PowerShares DB US Dollar Index Bullish – 15,000 of the June 22 call were bought for $0.16.

 VIX saw 59% the normal volume with 151K calls and 48K puts traded.  Some larger trades in the pit:
·         Buyer 6,700 June/July 30 call spread for .64

The most active VIX options were: July 30C (10K), June 20C (9.9K), June 25C (9.3K), June 18C (8.8K), June 22.5C (8.7K).

Volatility Movers
Greatest increase in 30 day ATMIV vs prior session: DEER, LWSN, HTS, NDN, NTRS, CADX, TSLA, HEK, JBLU, BPI
Greatest decrease in 30 day ATMIV vs prior session: CPKI, TIVO, HRS, AEO, RL, OKS, MHR, TOL, MICC, AMAT


GES Guess?, Inc. – 15,000 of the June 40 / 42 call spread was bought for $0.64. The trade was tied to 210,000 shares at $38.40. 

MPEL Melco Crown Entertainment Ltd – 19,000 of the October 14 calls were bought for $0.50. The trade was tied to 470,000 shares at $10.60.  Net short 100k deltas so bearish synthetic straddle or stock replacement. 


EP El Paso Corporation – 10,000 of the June 17 puts were bought for $0.10. Separately, nearly 5000 of the June 18 / 21 call spread was sold at $2.30.

WMB Williams Companies, Inc – 45,000 of the August 30 / 35 call spread was bought for $1.78

CLR Continental Resources, Inc – 3100 of the June 70 call appeared to have been sold at $1.05. The trade appears to be to open.

Industrials / Materials

TIN Temple-Inland, Inc. – 6425 of the January 25 / 30 call spread was bought for $1.10. The spread was bought to open.

FCX Freeport-McMoRan Copper & Gold Inc - August 49.50/44.50 1x2 put spread traded  5k X 10k at $0.19... Looks like they are fading the 200dma but not extremely bearish


AMD Advanced Micro Devices, Inc. – 14,600 of the July 9 call were bought for $0.25. The trade was tied to 468,000 shares at $8.40

IL IntraLinks Holdings, Inc. – 7000 of the July / September 20 put stupid was sold at $3.40. The trade was tied to 540,000 shares at $20.23.

CSCO Cisco Systems, Inc. – 4000 of the September 16 / 19 call ratio spread for $0.62.


AIG American International Group, Inc – 11,000 of the June 35 puts were sold at $6.70. The puts were sold along with stock.

BAC Bank of America Corporation Aug 13/10 bull reversal trades 4700X at 1 cent credit


ACOR Acorda Therapeutics Inc – 2500 of the June 25 putts were bought for $0.15.

MDT Medtronic, Inc. – 1400 of the January’12 40 calls were bought for $3.05.

*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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