Wednesday, June 29, 2011

Options Flow Recap June 29th


Macro / Thematic

SPY  SPDR S&P 500 ETF – The August 120 / 124 / 128 put fly traded for $0.38, 30,000 x 60,000 x 30,000. This trade makes money with SPY trading on Aug expiration between 127.62 and 120.38, max profit of 3.62 (1 to 9.52 risk reward ratio) with SPY closing on Aug expiration at 124.00

EEM iShares MSCI Emerging Markets Indx (ETF) – The July 41 / 43 / 45 put fly traded for $0.10, 5000 x 10000 x 5000. This spreads offers a 19x1 max payout w/ the max profit being realized with EEM trading at $43 on July expiration.

SMH Semiconductor HOLDRs (ETF)  - 7500 of the August 24 calls were sold at $0.78


VIX saw 105% the normal volume with 274K calls and 124K puts traded.   Some larger trades in the pit:
·         Seller 21,000 July/Sep 25 put spread at 1.20
·         Buyer 20,000 July/Aug 25 call spread for .725
·         Buyer 12,000 July 25 calls for .475
·         Seller 10,000 July 17 puts at .525
·         Buyer 10,000 Sep 27.5 calls for 1.675
·         Buyer 9,500 July 20 calls for 1.225
·         Seller 8,300 August 25 calls at 1.30-1.275
·         Buyer 5,000 July/Aug 20 put spread for .125


Consumer

EBAY eBay Inc. - 40,000 of the July 26 puts were bought for $0.35. The puts were bought to open.

MGM MGM Resorts International.  - 5000 of the January 12.5 / 16 call spread was bought for $1.40

RAH Ralcorp Holdings, Inc. - 3000 of the August 85 puts were bought for $2.65. The puts were bought to open.


Energy

COG  Cabot Oil & Gas Corporation - 10,000 of the January 30 puts were bought for $0.35.

NXY Nexen Inc. (USA) - 5800 of the September 20 calls were bought for $2.25.


Industrials / Materials

AMR AMR Corporation - 5000 of the November 6 calls were sold to buy the November 4 / 5 put spread for $0.19.

ACN  Accenture Plc - 16,890 of the July 60 puts were bought for $1.05. The puts were bought to open


Tech

BRCM Broadcom Corporation - 2100 of the November 30 / 36 strangles were sold at $3.28

YHOO Yahoo! Inc.  - 2000 of the October 16 calls were bought for $0.81.

VZ Verizon Communications Inc. - 1175 of the July 37 calls were bought for $0.18.

VMED  Virgin Media Inc. - 1450 of the September 34 calls were sold at $0.60.


Financials

BAC Bank of America Corporation - 5000 of the July(1st) 11 puts were bought for $0.08. The puts were bought to open.


Healthcare

RMD ResMed Inc. - 3600 of the July 30 puts were sold at $0.35. The puts were sold to open.



http://seaofopportunity.blogspot.com/ 


 *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.

1 comment:

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