Thursday, October 6, 2011

Options Flow Recap Oct 6th






Macro / Thematic

EWT – 8000 of the December 8, 9, 10 puts were all bought to open. The purchases seem to reflect expectations for higher volatility in Taiwan's equity markets through mid-December.

FXI - 7600 of the October 29 puts were sold at $0.43.

XLF – 90,400 of the October 10 / 13 risk reversal was sold at $0.06 to buy 90,400 of the November 10 / 13 bullish risk reversal for $0.17. The trade is a roll of a bullish risk reversal from October to November.

XLP – 23,000 of the November 25 / 28 put spread was bought for $0.33. The put spread was bought to open.



Consumer

AEO – 20,000 of the January 12 puts were sold at $1.20. The play looks opening and is tied to 697,000 shares of stock at $12.10.

DNKN – 365 of the November 30 calls were sold at $1.36 to buy the November 20 / 25 call spread for $0.91.

- 3,500 March 13 straddles were bought for $3.41 and sold 7,000 March 7 puts at $0.28 versus a purchase of 52,000 shares for $10.80


Energy

RES - 5000 of the March 30 calls were bought for $0.45.

SD - 4100 of the March 80 calls were bought for $0.80. The calls were bought to open.

TSO - 3000 of the May 20 / 21 call spreads were bought for $0.60. The call spread appeared bought to open.


Industrials / Materials

AA - 10,000 of the April 10 calls were bought for $1.54. Separately, 8000 of the November 11 calls were bought for $0.36. Both were bought to open.


Tech

DDD - 1000 of the February 17.5 / 22.5 call spread was bought for $1.45. The call spread was bought to open.

EBAY – 4450 of the April 35 calls were sold at $2.35. The calls were sold to open.


Financials

AGO – 15,800 of the January 22.5 calls were sold at $0.15.

JPM - 10,000 of the November 32 calls were sold at $2.23. The calls were sold to open

USB - 2500 of the January 20 / 24 1x2 put spread was bought for $0.17.

WFC – 23,000 of the October 20 puts were bought for $0.23.


Healthcare

AFFY – 3750 of the October 5 calls were sold at $0.20 along with a sale of 3000 November 5 puts at $0.65.

CBST – 2400 of the November 38 calls were sold at $1.25. The calls were sold to open.

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 *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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