Option Flow Recap Feb 16

Macro

SPY -  10,000 March 132 / 126 put verticals bought for $1.02.  This strategist is looking for the SPY to fill its gap from Jan 3rd.    

IWM - 10,000 March 79 synthetic shorts trade at the 79 strike and 10,000 long 82 strike straddles trade for $6.62

Consumer

SIRI - A large block of 17,000 January 2 calls were bought for $0.28. 28,000 traded on the day with almost 93% trading on the offer. A total of 70,000 calls and 9000 puts traded on all lines and across all months today.

MGM - 4000 January'12 12.5 calls bought for $4.40 to open.

DIN - 1570 March 55 calls bought for $4.90 to open.

TGT - 1000 March 57.5 calls were sold at $0.34

TSN - 3500 April 21 calls were bought for $0.20

Energy

VLO - A block of 7800 January 35 calls were bought for $1.74. The trade appears to be opening.

SCG - 2500 of the March 40 puts were sold at $0.75 to open.

Tech

MU - Sizable bullish trade in Micron in which an investor bought 15,000 April 13/15 Call Spreads for $0.32.

DELL - 12,500 of the January 12.5 / 17.5 strangle was sold at $1.45. This comes after the company reported a quarterly profit of $0.53 per share, far above analyst estimates of $0.37.

MRVL - 35,000 of the February 18 puts were sold at $0.04.

AMD - 10,000 February 8 calls were sold at $0.79

Industrials / Materials

CSGP - 1000 March 60 puts were bought for $2.00 to open.

FAST - 1000 May 70 calls were sold at $0.75 to open.

GE - 1000 April 23 calls were bought for $0.43.

APH - 1600 March 60 calls were sold at $0.525 to open

Financials

WFC - Wells Fargo options were very active following the abrupt exit of the company's CFO Howard Atkins, which some view as a sign of internal conflicts within the bank about disclosure practices. The largest trade was a block of 3,000 March 32 puts for $0.80. 140,000 calls and 184,000 puts traded on the day

USB - 4500 February 28 calls were bought for $0.73.

Healthcare

SVNT - 13,000 February 10 / March 9 put spreads trade today at $0.28. It appears to be a roll down one strike and out one month.

MHS - Early in the morning an investor bought 1900 February 62.5 calls were bought for $0.75, followed shortly thereafter by another sweep buyer picking up 1100 calls for $1.00.

*Special thanks to Flotilla Partners, Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, and all of the options desks and traders we work with to provide the option flow!