Tuesday, February 15, 2011

Option Flow Recap Feb 15

Macro / Thematic

GLD - 15,000 December 185 calls were bought for $0.75 to open.


Consumer

URBN – 8000 June 35 puts were sold at $1.675

DF – 32,000 puts traded today in Dean Foods ahead of the earnings report. One large block incuded 13,000 February 9 puts bought for $0.325

LEN – An interesting trade today in the homebuilder where a block of 26,887 January 10 calls appeared bought for $10.85 tied to 2.72 million shares at $20.56. This is likely a closing position.

NWL – A bullish trade this morning where an investor bought 3000 March 20 calls for $0.45.


Energy

FCX – The  March 55 put line was very active today with over 16,000 trading.

HAWK – 3500 March 5 calls were sold at $0.25 to open.

WMB – 2450 August 26 puts were sold at $1.95 to open.

AEP – Call volume in American Electric February 36 calls was over 6200 today. (60% of the calls trading were bought on the offer)


Tech

DELL – 25,000 of the March 12 /13 put spreads were bought for $0.16 ahead of earnings.

CSCO – 5000 of the March 18 puts were sold at $0.195


Industrials / Materials

AEM – Options were very active ahead of earnings tomorrow after the close with over 17,000 calls and only 3200 puts trading in the name. The February and March 75 calls were the most active with over 3000 trading in each line.

MWW – 5000 calls traded today on renew takeover chatter. Speculators were focused on the February 18, February 20, March 19 and March 20 calls.

TIN – 5000 of the February 25 calls were sold at $0.65.


Financials

A 100,000 contract block of September 6 calls traded at $0.12 and was part of a September 5.5 / 6 1x2 call ratio spread at 2 cents (credit), as a block of 50,000 Sep 5.5 calls traded for $0.22 at the same time.


Healthcare

PFE – 2450 of the June 19 calls were bought for $0.88

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