Derivative Flow Recap

Macro

SPY – 75,000 x 150,000 x 75,000 February 123 / 125 / 127 put fly was bought for $0.13.

Consumer

ANF – 3000 May 50 / 60 1x2 call ratio spread appeared bought for $2.02.

FMCN – 5000 February 27 calls were sold at $0.70 to open.

SKS – 4850 March 11 puts were bought for $0.65 to open.

KMB – 5000 April 67.5 calls were bought for $0.25 in multi-exchange sweep and 1400 July 70 calls for $0.35, both appear to be opening trades.

TSN – 1200 April 19 calls were bought for $0.35 to open. The company reports earnings tomorrow before the open.

F – 7300 September 22.5 calls were bought for $0.20.

ANN - trades 10,000 Feb. 23 calls in two blocks, look to be opening sales

Energy

SD – 10,000 January 5 / 7 strangles were bought for $1.82. Possibly a volatility play on the oil and gas driller between now and January 2012.

WMB – 10,000 February 30 calls were swept for $0.11. There was also a multi exchange sweep of the February 29 calls for $0.24 which was to open.

DVN – 3000 February 85 / 90 bearish risk reversal traded with the investor collecting $0.35.

PTEN – 2000 March 22.5 puts were bought for $0.65

Financials

C - 20,000 x 30,000 May 5 / 5.5 1x1.5 call spreads were bought for $0.105

JPM – 25,000 x 50,000 January 40 / 30 1x2 put spread were bought for $1.15. JP Morgna hosts an analyst day on the 14^th of February.

CCME – 13,500 puts traded today with the action scattered across the February puts with strikes ranging from 18 to 10. 

BAC block of 9K April $15 calls bought. There was a morning seller of 9,500 February $14 puts. May $18 calls with 6,000 bought.  

Industrials / Materials

MFN - 4500  May 13 calls traded today (82% on  the offer). It appeared to be opening call buying.

AA – 4000 March 16 puts for $0.29.

ARG – 2500 March 57.5 puts were bought for $0.60

CHRW – 3000 January’12 70 puts were bought for $4.90 to open

GMR – 2100 August 3 puts were bought for $0.55.

TMT

YHOO – 46,500 April 18 / 20 call spreads were bought for $0.30, tied to 744,000 shares of stock for $16.45.

CSCO – Two 2500 contract blocks of the February 22 calls were bought for $0.46 and $0.47. Both were bought to open.

BRCM – 42,000 March 41 puts were bought for $0.80 to open.

T – 650 May 22.5 puts were bought for $0.13 to open.

Healthcare

AMRN - 5000 June 10/15 call spreads bought at $1.30 while 5000 June $5 puts are also bought. 

AZN – 2800 March / april 45 put spreads were bought for $0.40. The position was bought to open.

CEPH – 2500 May 70 calls were bought for $0.70.