Wednesday, August 31, 2011

Options Flow Recap Aug 30th


Macro / Thematics


iShares MSCI Emerging Markets Indx EEM  - 58,000 of the December 34 / 40 put spread was bought for $1.34 versus a sale of 50,500 of the September 41 / 46 put spread was sold at $3.23; 50,500x


iShares MSCI Japan Index EWJ - 20,000 of the January 9 / 10 strangle was sold at $0.76 and tied to 240,000 shares at $9.70. Separately, 10,000 of the January 10 calls were sold at $0.40.


iShares MSCI South Korea Index Fund(ETF)   EWY - 2500 of the September 45 / 55 put spread was bought for $1.70.
iShares FTSE/Xinhua China 25 Index FXI - 18,750 of the September 40 calls were sold at $0.27. 


GLD - 5000 of the October 200 / 220 call spread was bought for $1.475 tied to $178.50.


IYR - 20,000 of the September 50 puts were sold at $0.24.


QQQ - 11,000 of the November 52 puts were sold at $1.75. The puts were sold to open.


XLI - 5000 of the December 33 calls were sold at $1.49


Consumer


ERTS - 13,500 of the January 20 puts were bought for $1.40 tied to stock on a 27 delta.


GME - 2000 of the January 24 / 29 1x2 call ratio spread was bought for $0.91


Energy


FST - 2500 of the November 25 calls were bought for $0.40


VLO - 2050 December  19 puts were sold at $1.35. The puts were sold to open.


Industrials / Materials


CHMT - 1000 of the December 10 calls appear to be bought for $3.35. The calls


IPI - 5000 off the September / January 38 call spread was bought for $2.10.


Tech


CRM - 3000 of the September 100 puts were bought for $0.80.


CSCO - 3000 of the October 14 / 13 1x2 put spread traded with the investor collecting $0.02. 3000 of the October 14 puts were bought and 6000 of the October 13 puts were sold.


QCOM - 5000 of the April 47 puts were sold at $3.95 versus 185,000 shares of stock at $51.17 delta neutral (37^).  


Financial


FNF - ~5000 of the October 17.5 call were sold at $0.425. The option activity appears to be opening call writing.


SLM - 4000 of the January 7.5 / 14 2x1 bullish risk reversal was bought for $0.89. A move to the 7.5 strike would represent an ~ 45% drop in the underlying stock.


Healthcare


ALXN - 1000 of the September  55 puts were bought for $1.20.


CLSN - 5000 of the October 3 puts were sold at $0.40. The puts were sold to open.


NEOP - 2500 of the April 5 calls were sold at $0.40.




http://seaofopportunity.blogspot.com/


 *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.

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