Wednesday, August 31, 2011

Options Flow Recap Aug 31th




Macro / Thematics
 
iShares MSCI Emerging Markets Indx  EEM - 11,000 of the September 44 / 47 put spread was bought for $2.50.
 
VIX - 10,000 of the September 50 calls were bought for $0.375
 
Financial Select Sector SPDR (ETF) XLF - 17,000 of the March 13 straddle was bought for $2.72.
 
 
Consumer

AT&T T -
 news hit the tape that the DOJ is filing a suit to block the T-Mobile takeover, which could cost AT&T a $3B. 
The Dec $27/$24 ratio put spread was bot 10k X 20k for a .16 debit. For more details go here.

Dollar General Corp.   DG - 5000 of the October 40 calls were sold at $0.30. The trade appears tied to 60,000 shares at $36.52. Another 5000 trade at $0.30 but appeared tied to 175,000 shares at $36.55.
 
Ford Motor Company - 3640 Decemberr 12 calls were bought for $0.68.
 
The Finish Line, Inc.   FINL - 3250 of the November 25 calls were bought for $0.50. The trade appears tied to 75,000 shares at $20.23.
 
News Corp NWSA  - 10,000 of the January 15 / 19 bearish risk reversal was bought for $0.10
 
Scripps Networks Interactive, Inc. SNI - 2000 of the December 45 / 50 call stupid was bought for $3.857.
 
 
Energy
 
Hess Corp.   HES - 6000 of the January 85 calls were sold at $0.26.
 
HollyFrontier Corp  HFC - 1330 of the September 69 / 64 put spread was bought for $1.05.
 
Suncor Energy Inc. (USA)  SU - 19,000 of the January'13 45 calls were bought for $2.15.
 
 
Industrial / Materials
 
LyondellBasell Industries NV  LYB - 10,000 of the December 35 / 43 was bought for $3.05
 
United States Steel Corporation  X - 2500 of the September 41 puts and 1350 of the October 42 puts were sold to buy 9630 of the April 27 puts for $925k.
 
 
Tech
 
Blackboard Inc.   BBBB - 4800 of the October 44 / 45 call spread wsa bought for $0.65
 
Finisar Corporation   FNSR - 4000 of the September 14 puts were sold at $0.37 and bought 5000 of the September 16 puts for $0.88.
 
 
Financials
 
American Capital Ltd.  ACAS - 5500 of the February 10 calls were sold at $0.60. The calls were sold to open.
 
Citigroup Inc. C - 5000 of the January 26 puts were bought for $2.24. The puts were bouthg to open.
 
E TRADE Financial Corporation ETFC - 5000 of the October  14 calls were bought for $1.08. The calls were boutght to open.
 
SunTrust Banks, Inc.  STI - 7500 of the September 19 calls were bought for $1.42. The calls were bought to open.
 
 
Healthcare
 
InterMune, Inc.  ITMN - 1000 of the October 23 puts were bought for $1.40.
 
Vertex Pharmaceuticals Incorporated  VRTX - 1400 of the September  48 calls were bought for $1.30. The calls were bought to open.
 
VIVUS, Inc.  VVUS - 1250 of the December 9 calls were bought for $1.03. The calls were bought to open.  



Abbott Labs ABT -  4k Nov $55/$47 bull risk reversals trade for a .28 credit.  Almost a 4% div on the name.  Big weekly wedge 


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.

1 comment:

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