Macro / Thematic
GLD SPDR Gold Trust - 20,000 of the September 158 calls were sold to buy the December 195 / 205 call stupid collecting $7.15 on the leg legs. The December call stupid was bought to open.
SPY SPDR S&P 500 ETF - 100,000 of the September 124 calls were bought for $0.24 early in the day's session. The calls were bought to open.
VIX saw 110% the normal volume with 305K calls and 325K puts traded. Some large trades in the pit:· Buyer 10,500 Dec 35 calls vs 26.20, d-neu for 2.50
· Seller 5,000 Aug 40 calls at 2.50
· Buyer 5,000 Dec 35 calls for 2.50
· Buyer 5,000 Oct 22.5/Dec 20 put spreads for .60
· Seller 4,000 Aug 22.5/32.5/40 call flys at 2.50
· Buyer 4,000 Aug 40/60 call flys for .85
· Seller 4,000 Sep 25/30 put spreads vs 28.25, 18 delta at 3.175
· Buyer 4,000 Aug 32.5 puts for 1.85
· Buyer 2,500 Aug 27.5/30 put spreads for .50
· Buyer 2,000 Aug 32.5 puts vs 36.40, 26 delta for 1.55
Largest IV Increases: CIS, HEK, CPHD, SGEN, JNS, FXEN, RENN, RRGB, FO, SUG
Largest IV Decreases: CSCO, EAT, CSR, HBC, AAP, NWSA, FXI, FXP, EQR, OIIConsumer
CCL Carnival Corporation – 3500 of the September 30 calls were sold at $1.80. The calls were sold to open.
CVS CVS Caremark Corporation – 3300 of the September 35 calls were bought for $0.58. The calls were bought to open.
LDK LDK Solar Co., Ltd (ADR): buyer 3,000 Dec 5 puts for 1.70
BHI Baker Hughes Incorporated – 2200 of the August 57.5 puts were bought for $1.30. The puts were bought to open.
DNR Denbury Resources Inc. – 3000 of the March 15 puts were sold at $2.20. The puts were sold to open.
SLB Schlumberger Limited. – 4400 of the November 95 calls were bought for $1.10. The calls were bought to open.
WMB Williams Companies, Inc. – 10,100 of the August / January 20 call spread were bought for $0.50. The spread was a roll from the August 20 calls to the January 20s.
Industrials / Materials
TXT Textron Inc. – 8000 of the January’13 20 calls were sold at $2.20. The calls were sold to open.
TIN Temple-Inland, Inc. – 5000 of the August 20 puts were bought for $0.15. The puts were bought to open.
OSG Overseas Shipholding Group Inc. – 5000 of the Janaury’12 19 calls were bought for $2.45. The calls were bought to open.
EK Eastman Kodak Company : seller 4,000 Aug 2.5 puts at 67
ARMH ARM Holdings plc (ADR)– 2500 of the August 23 / 25 put spread was bought for $0.85.
ASIA AsiaInfo-Linkage, Inc. - 20,000 of the January 7 puts appeared sold at $1.11 and the January 12 / 17 call spread bought for $1.66 20,000x. The position looks tied to 900,000 shares at $10.00
ELX Emulex Corporation - 2500 of the October 8 calls were bought for $0.30. The calls were bought to open. The company reported after the close today Q4 EPS $0.16 ex-items vs Reuters $0.10, Revenues $123.4M vs Reuters $119.8M. Q1 Guidance:
EPS $0.10-0.12 ex-items vs Reuters $0.15, Revenues $114-118M vs Reuters $124.1M
ORCL Oracle Corporation - 8000 of the December 32 calls were bought for $0.86.
JDSU JDS Uniphase Corporation: buyer 3,854 Aug 11 calls for 1.13
ALL The Allstate Corporation - 23,500 of the January 30 / 33 call spread was sold at $0.43. The trade appears to be a roll down in strikes from the January 33 calls to the 30s.
BAC Bank of America Corp - 15,000 of the August (12th weekly) 6 / 7 put spread to buy the August 6 / 7 put spread was bought for $0.06. The trade is a roll from the weekly expiring tomorrow to the put spread expiring next Friday.
C Citigroup Inc. - 7500 of the October 37 calls were sold at $0.85 to buy the September 20 / 27 put spread for $1.15. The three leg trade appears to be opening all around and not tied to stock.
WFC Wells Fargo & Company : seller 4,000 Jan 28/32 call spreads at 1.00
AFFY Affymax, Inc. - 3300 of the September 4 puts were sold at $0.30. The puts were sold to open.
ENZN Enzon Pharmaceuticals, Inc. - 2500 of the February 7.54 / 10 strangle appeared sold at $0.70. The strangle was sold to open.
JNJ Johnson & Johnson - 4000 of the September 62.5 puts were sold at $1.70. The puts were sold to open.
PFE Pfizer Inc. : seller 3,600 Jan 20/22.5 call spreads at 34
*Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, 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.