Tuesday, June 21, 2011

Options Flow Recap June 21th


Macro / Thematic

SPY SPDR S&P 500 ETF  – 25,000 of the  July 129 / 125 put spreads were bought for $1.08.

GDX Market Vectors Etf Trust – 2250 of the August 59 calls were sold at $0.77. The calls were sold to open.


Consumer

ANN Ann Inc  – 10,000 of the July 28 puts were sold at $1.35. The trade was against 1,000,000 shares of stock for $27.36

LUV Southwest Airlines Co. – 10,500 of the August 12 calls were bought for an average of $0.225.

WYN Wyndham Worldwide Corporation – 4000 of the August 32 straddles were sold at $3.45. (pays dividend 8/24 after options expiration)  They either think the stock doesn't move or they could have put on a covered straddle.  Profit zone: 35.45 to 28.55


Energy

NBR Nabors Industries Ltd. – 10,000 of the December 22 / 25 risk reversal trades for a $0.21 debit. The calls were bought and puts sold with the trade tied to 830,000 shares at $23.65.

XOM Exxon Mobil Corporation – 7500 of the August 72.5 / 77.5 1x2 put spread was bought for $0.23 (7500 x 15,000) 


Industrials / Materials

HL Hecla Mining Company – 5000 of the September 9 call were bought for $0.20.

LPX Louisiana-Pacific Corporation - 20,000 of the November 10 calls were bought for $0.25-$0.30.


Tech

AMD Advanced Micro Devices, Inc. – 10,000 of the August 8 calls were bought for $0.23. The trade was tied to 300,000 shares at $7.14.

RIMM Research In Motion Limited (USA) – 10,380 of the September 27.5 puts were sold at $2.72 and 18,200 of the January 17.5 / 27.5 put spread bought for $3.14.

YHOO Yahoo! Inc. – 23,250 of the July 18 / August 20 call spread was bought for $0.03.

ALU Alcatel-Lucent (ADR) – 1575 of the August 5.5 calls were bought for $0.30.


Financials

BAC Bank of America Corporation – 20,000 of the January 12.5  calls were bought for $0.44.

Visa Inc. – 8500 of the September 85 calls were bought for $0.92. The calls appear to be bought to open.  Bounce play


Healthcare

AMRN Amarin Corporation plc (ADR) – 4500+ of the September 15 puts were sold at $2.85. The puts were sold to open.  Betting the 100 dma holds. 

*Special thanks to Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, T.O.P. group, 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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