Sunday, July 10, 2011

Options Flow Recap July 8th

Macro / Thematic

EEM  iShares MSCI Emerging Markets Indx – 65,000 August 46 puts were bought over the day for ~$0.79 and approximately 30,000 of the September 46 puts were bought for ~$1.38.

IWM iShares Russell 2000 Index  – 16,000 of the October 80 / 64 put spread was bought for $2.11.

XOP SPDR S&P Oil & Gas Explore & Prod. – 45,000 of the September  54 puts were sold at $1.15 and bought 25,000 of the September 58 puts for $2.28. The trade appears to be an adjustment.

Largest IV Increases: SUG, CYS, FHN, CB, INFY, SCHW, SGEN, KOG, ADM, NWS
Largest IV Decreases: AMLN, ZAGG, AMJ, AFFX, TSM, VXX, LQD, ENTR, GRM, CMTL


Consumer

Ford Motor Company  – A nearly 25,000 contract block of August 15 calls were bought for $0.19. The calls were bought to open.

PG The Procter & Gamble Company – 22,750 of the January 65 / 70 call spreads was sold at $1.60. The same spread traded 17,900x yesterday.

MGM MGM Resorts International.  – 40,000 of the September 13 / 15 calls spread was bought for $0.90.

MPEL Melco Crown Entertainment Ltd – 20,000 of the October 14 calls were sold at $1.70, tied to 1.1 million shares at $14.00.

SKS Saks Incorporated - ~4500 of the January 11 puts were bought for $1.15.

TRW TRW Automotive Holdings Corp – 750 of the August 45 / 50 put spread appeared to be bought for $0.67.


Energy

WMB  Williams Companies, Inc. – 3000 of the August 23 puts were bought for $0.19.


Industrials / Materials

NAV Navistar International Corporation – 5900 of the January 70 / 75 call spread was bought for $0.825. It appears to be a roll down in strikes.

MT  ArcelorMittal (ADR) – 1660 of the July  33 calls were bought for $1.55.

KGC Kinross Gold Corporation – 1500 of the January’13 12.5 puts were sold at $1.14.


Twxh

STX Seagate Technology PLC – 25,900 of the January 17.5 calls were sold at $1.52, tied to 1.22 million shares at $16.77.

WDC Western Digital Corp.  – 11,040 of the January 40 calls were sold at $3.55. The calls were sold to open tied to 555,000 shares of stock.


Financials

AGO Assured Guaranty Ltd. – 2300 of the October 19 calls were bought for $1.05.


Healthcare

BAX Baxter International Inc.  - 37,500 of the August 55 calls were sold at $6.20 against a block of stock at $60.88, on an 87 delta

SNY Sanofi SA (ADR)  – 2500 of the July 40 calls were bought for $0.55. The calls were bought to open.

THOR Thoratec Corporation – 6800 of the July 35 puts traded today, 76 percent traded on the bid.




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 *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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