Monday, October 10, 2011

Options Flow Recap Oct 10

Macro / Thematic

iShares MSCI EAFE Index Fund EFA - 2200 of the November 52 calls were sold at $1.66.
iShares MSCI Japan Index EWJ - 30,000 of the December / March 10 call spreads were bought for $0.20. Likely a roll of a bullish position out to March.
SPDR Gold Trust GLD - 6000 of the November 163 / 171 1x2 call ratio spread was sold at $0.10. The investor bought one 162 call and sold two 171 calls.
Direxion Small Cap Bear 3X Shares TZA - 10,000 of the November 45 / 50 call spread was bought for $3.00. The calls spread appears to be bought to open. (I could see the argument that TZA is at support but risk 3 to make 2? There are better ways to play this)
PowerShares DB US Dollar Index Bullish UUP - 46,300 of the December 22 calls were sold at $0.38.  ($ bounce might be over... traders taking profits)


Staples, Inc  SPLS – 9800 of the January’13 15 calls were bought for $2.62. The calls were bought to open.

Tempur-Pedic International Inc.  TPX - 5000 October 50.0 Puts were bought for $0.85. The puts were bought to open and is likely a play on earnings expected to be released October 20th.

Weight Watchers International, Inc. WTW – 3310 of the April 50 puts were bought for $4.50. The puts were bought to open.  Stock closed right at its 200 dma and still has a gap to fill lower. 


Baker Hughes Incorporated  BHI - 5000 of the October 50 calls were bought for $3.40 and 6000 November 55 calls sold at $2.535. The trade appears to be roll a short call position out to November.
Forest Oil Corporation FST - 2100 of the October 10 calls were bought from $1.10 to $1.15. The calls were bought to open. Gap fill trade. 

Industrials / Materials

Commercial Metals Company  CMC - 2000 of the March 13 calls were bought for $0.50. The calls were bought to open.
Harbin Electric, Inc. HRBN – 3000 of the November 10 / 18 put spread was bought for $2.10.
The Mosaic Company MOS - 5000 November / December 55 call spreads were sold at $1.025.
Rio Tinto plc (ADR)   RIO - 2700 of the January 50 / 60 call spread was bought for $4.15.
Tesoro Corporation TSO - 2900 of the May 21 / 23 call spread was bought for $1.17.


Level 3 Communications, Inc.  LVLT – 6600 of the November 1.5 straddle was sold at $0.335. The trade was tied to stock at $1.65
Sprint Nextel Corporation - 9000 of the January 3 calls were sold at $0.26, tied to $2.22 stock.


JPMorgan Chase & Co.  JPM - 10,000 of the November 23 puts were bought for $0.41 
Legg Mason, Inc.  LM - 3000 of the November 27 / January 20 put spread was sold at $1.30. The November 27 puts were bought and the January 20 puts sold.


Savient Pharmaceuticals, Inc. SVNT - 1000 of the December 4 calls were bought for $0.51. The calls were bought to open. 

*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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