Options Flow Recap Oct 11

Macro / Thematic

EEM – 76,000 of the October 36 / 39 put spread was sold at $1.11. The put spread was sold to close and likely closes a position opened approximately one month ago for a $0.55 debit.

SPY – 30,000 of the January 110 puts were bought for $4.44. 40,000 of the January 105 puts were bought for $3.29. 20,000 of the January 85 puts were bought for $0.92. 50,000 of the January 100 puts were sold at $2.43 and 40,000 of the January 90 puts were sold at $1.28. The trade was done as a package.

VIX – 18,000 of the January 25 puts were bought for $1.075.

XLF – 17,000 of the January 12 puts were sold at $0.98.

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)

Option Flow Recap Oct 3rd

Macro / Thematic

IWM – 43,000 x 49,000 of the October 63 / 69 ratio put spread was sold at $3.87 (as if 1 to 1). The trade appears to be a roll down from the October 69 puts to the October 63s.

IYR – 20,000 of the December 60 puts were bought for $10.10. The puts appear to be bought to open.

SPY – 13,000 of the November 100 / October 115 put spread was sold at $3.55. The trade appears to be roll from the October 115 puts down to the November 100 puts.

UNG – 28,000 of the January 10 calls were bought for $0.35 tied to $8.95 stock.

XOP – 10,000 of the December 49 / 43 put spread was sold at $3.65 to buy 20,000 x 30,000 of
the December 40 / 30 ratio put spread for $0.13 (as if 1 to 1) and sold 20,000 of the December 52 calls at $1.12. The ratio put spread collar was an opening transaction.

Morning Note Oct 3rd

October 3, 2011


US equity futures are off the worst levels of the morning following Asia and Europe lower as continuing concerns over the banking sector and slowing global growth are once again highlighted after Greece admitted over the weekend it would miss it's Fiscal targets. With no resolution in sight to the EU debt crisis, anxiety continues to weigh on markets.

Options Flow Recap Sept 12

Macro / Thematic

EFA – 6000 of the September 49 puts were sold at $1.46.

SPY – 6000 of the October 110 puts were sold at $4.00

Option Flow In Action Sept 2nd

I hope everyone had a great week.  There was a LOT of opportunity this week for the active trader.  I have no idea why the talking heads are complaining and making excuses about the market, HFT, PPT, market makers, etc, etc .... obviously they're losing money. But that's another topic.

I wanted to do a quick review of the "layup" trade of the day.  At 2:15 EST I was notified about a large SPY put buyer in the Oct 107's 91k times.  I marked the chart below with a red arrow when I was notified.  Recognizing this was a big trade I also tweeted it. 

Options Flow Recap September 1st

Macro / Thematic

IWM - 10,000 of the October 71 / 63 put spread was bought for $2.34.

SPY - 10,400 of the September 102 / 112 put spread bought for $0.45; bought 5000 September 107 puts for $0.30 and bought 10,000 of the September 117 / 108 put spread for $1.00 as a package. 

XLI - 5000 of the December 34 calls were sold at $1.15 tied to stock at $32.16 on a 36 delta.

Consumer

DISH - 10,000 of the January'13 40 calls were bought for $0.95. The trade was tied to 158,000 shares and appears to be to open.

LIZ - 8500 of the October 4 calls were bought for ~$0.30. The calls were bought to open.

ZQK - 2500 of the September 4 calls were bought for $0.375. The calls were bought to open ahead of earnings on September 2nd (before the open)

Energy

BP - 4500 of thre October 34 puts were sold at $0.72. The puts were sold to open.

Industrials / Materials

AUY - 2500 of the January 15 puts were sold at $1.16. The trade was tied to stock at $16.05 on a 35 delta.

DOW - 3000 of the January 26 puts were bought for $2.14. The trade was tied to stock at $28.25 on a 34 delta.

X - 6500 of the October 33 calls were bought for $1.10.

Tech

ALU - 6245 of the December 3.5 puts and 5437 of the December 4 puts were sold at $0.40 and $0.70 respectively. Both trades appear to be sold to open.

LXK - 5200 of the October 32 puts were bought for $1.75. The puts were bought to open.

RIMM - 9200 of the September 29 / 42 risk reversal was bought for $0.27. The risk reversal was tied to 375,000 shares at $32.81

XRX - 15,000 of thhe October 8 / 9 strangle was sold at $0.68. The strangle was sold to open.

Financials

ETFC - 9000 of the September 11 / 13 strangle was sold at $0.78.

ITUB - 4000 of the Janaury'13 20 calls were sold at $2.52. The trade was tied to stock at $19.18.

Healthcare

IRWD -  6100 of the February 17.5 calls were sold at $0.20. The calls were sold to open. 

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.

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

Options Flow Recap Aug 29th

Macro / Thematic

QQQ – 10,000 September 2 (weekly) 53 / 51 put spread was bought for $0.34.

SPY – 6000 of the October 102 / 108 / 114 put butterfly was bought for $0.46.

TLT – 9700 of the September 95 puts were bought for $0.11.

Options Flow Recap Aug 25th

Macro

iShares Russell 2000 Index (ETF)   IWM: buyer 50,000 Oct 50/63 put spreads for 1.75 to sell 25,000 Oct 78 calls at .54


SPDR S&P 500 ETF   SPY: buyer 22,900 Sep 109/115 qrtly put spread 2x1 for .86


SPY: seller 5,300 Oct 108/114 put spreads at 1.36

Options Flow Recap Aug 23rd

Macro / Thematic

UUP – 91,000 of the December 19 / 20 put spread appears to have been sold at $0.11.

XLF – 20,000 of the August 26^th (weekly) 12 puts were bought for $0.28. Separately, 45,000 of the September 10 / December 11 put spread was bought for $0.77.

Consumer

GPS – 9590 of the January 17.5 puts appear to have been bought.

LVS – 2000 December 40 / 50 call spread was bought for $4.275. The call spread was bought in two separate blocks and appears to be a roll down in strikes.

SWY – 3000 of the October 17 puts were sold at $0.95. The puts were sold to open.

UAL – 2000 of the September 20 calls were sold at $0.28.

Energy

BHI – 9400 of the January’12 50 calls appeared to be sold at $8.60.

GDP – 5000 of the January 17.5 / 20 risk reversal was bought for $4.45.

Industrials / Materials

AUY – 6500 of the October 12 calls were bought for ~$4.10 and 9500 of the October 13 calls were bought for $3.25 and 16,000 of the April 20 calls were sold at $0.90. The three way trade appears to be a roll of a covered call position from October 12s and 13s out to April 20s.

TIN – 5000 of the January 32 calls were sold at $0.22 and 1000 of the January 30 calls were sold at $0.53 and 1500 of the November 29 calls were bought for $0.60.

VALE – 4000 of the June 27 straddle was sold at $7.40. The straddle was sold to open.

Tech

NTAP – 5000 of the March 30 / 45 bullish risk reversal was sold at $0.09. The investor sold the March 35 puts to buy the calls March 45 calls and collected $0.09.

YHOO – 10,000 of the January 11 puts were sold at $0.78 to buy 16,500 of the January 17.5 calls for $0.48. Separately, 7750 of the October 10 / 12 put spread was sold at $0.50. The put spread appears to be a roll down in strikes from the October 12s to the October 10s

Financials

BAC – 20,000 of the September 5 / 6 put spread was bought for $0.31. Separately, 5000 of the of the September  7 calls were bought for $0.38 early in the trading day when the company’s shares were trading $6.06.

BCS – 22,500 x 12,500 of the September 8 / 11 put ratio spread traded. The September 11 puts were sold at $1.60 and appear to be a closing transaction while the September 8 puts were bought to open 22,500x for $0.45.

GS – 1000 of the August 26^th (weekly) 95 / 105 put spread was bought for $2.00. The put spread was bought to open.

Healthcare

ESRX – 3000 of the September 50 calls were bought for $0.33.

STJ – 2735 of the September 40 puts were sold at $1.00. The puts were sold to open.

UTHR – 1500 of the September 45 / 50 put spread was sold at $2.35. The put spread was sold to open with the investor collecting the $2.35 in premium.

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.

Options Flow Recap Aug 22

Macro / Thematic

Select Sector Industrl Slct Sctr SPDR Fd XLI - 28,500 of the September 34 calls appeared to be bought for $0.07. The calls were bought to open.
SPDR S&P Retail (ETF) XRT  - 15,000 of the October 40 puts were bought for $1.75. The puts were bought to open.


Financial Select Sector SPDR XLF sweep: 31,130 8/26 12 puts trade on the offer for .26, opening, 40 delta (115,000 trade all day – 95% on the offer)

Morning Note & Options Flow Recap

August 22, 2011


US Equity futures are pointing to a higher opening in hopes of lower oil prices after news that rebel forces have taken control of Libya's capital. Rebel forces reported they had captured Moammar Kadafi’s son, Seif Islam Kadafi. Also in the spotlight, anticipation of the Fed's annual Symposium held later this week in Jackson Hole, Wyoming. Last year it was where the Fed announced its second round of asset purchases (QE2) which ignited a 28% rally in th S&P500. Some traders feel Treasury yields are already pricing in $500-600B in bond purchases.

Goldman Sachs reduced US GDP forecast Friday for Q3 and for Q4 to 1% and 1.5% respectively. Previously, the GDP forecast for both quarters had been 2%. The firm notes the economy is losing additional momentum, noting the recent weaker economic data.

Options Flow Recap Aug 19

Macro / Thematic

UUP - 50,000 of the December 22 calls were bought for $0.30.

XLF – 100,000 of the XLF October 10 puts were bought for over the day for ~$0.39.

Options Flow Recap Aug 17th

Macro / Thematic

QQQ PowerShares QQQ Trust, Series 1 - buyer 17,000 Oct 47/52 put spread for 1.19


SPY SPDR S&P 500 ETF   - 46,000 of the October 101 / 107 / 113 put fly was bought for $0.51. The put butterfly was bought to open.

Options Flow Recap Aug 15

Macro / Thematic

FXI iShares FTSE/Xinhua China 25 Index - 28,500 of the September 40 calls were bought to open for $0.50. A total of 40,609 traded on the day. Also a buyer of 23,000 Nov 42 calls for 65 

IWM iShares Russell 2000 Index – 32,000 of the November 57 / 63 / 69 put fly was bought for $0.62. The put fly was bought to open and has a maximum profit $5.38 if the IWM closes at $63.00 on November expiration, a decline of 12.2% from the current price ($71.76).


GLD SPDR Gold Trust : seller 11,500 Jan 135/150 call spread for 13.10


IYR iShares Dow Jones US Real Estate : seller 5,500 Aug 61 puts, seller 5,500 Sep 56 calls, collecting 7.20

Options Flow Recap Aug 11th

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.

Options Flow Recap Aug 10th

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx – 76,000 of the September 39 / 36 put spread was bought for $0.87. The trade was tied to stock at $39.50.

SPY SPDR S&P 500 ETF: seller 70,000 Sep 112 quarterly puts at 5.84, selling 55,000 Sep 115 quarterly puts at 6.96

SPY: buyer 22,000 Aug 108 puts for 2.05

SPY: seller 15,000 Aug 109 puts at 1.95

Options Flow Recap Aug 9th

Macro / Thematic

FXI – 25,000 of the January 36 puts were bought for $3.10. The trade was tied too 1.12 million shares at $36.71.

IYR – 50,000 of the December 50 puts were sold at $3.30.

SPY – 30,000 of the August 109 / 116 put spread were sold at $2.67 following the release of the FOMC statement.

XRT – 28,500 of the September 58 calls were bought for $1.50.

Options Flow Aug 8

Macro / Thematic

SPY SPDR S&P 500 ETF - 20,000 of the September 121 puts were bought for $9.90 tied to $113.50. Separately, 22,900 of the August 117 puts were sold at $5.06 to buy 30,400 of the August 112 puts for $3.01. 33,000 of the August 119 puts were sold to buy 23,000 of both the August 112 and 113 puts.  Also, buyer of 78,000 Aug 123 calls for .45-.50