Option Flow Recap Feb 17

Macro

SPY - 30,000 127 / 121 / 120 put trees trade for a .05 debit 

Consumer

FDO – Options were very active in Family Dollar again, a day after it was announced that Nelson Peltz's firm is looking to buy the company. Options volume of 15,000 calls and 3,375 puts traded on the day. 6100 March 50 calls traded (81% on the offer). Also 3,560 April 49 calls traded (99% on the offer).

LOW – 40,000 March 26 calls were sold to open at $0.88. 4700 March 25 / 27 strangle was bought for $0.98.

MGM – 11,500 January’12 12.5 calls were bought for $4.25.

Energy

YGE – 5000 February 13 puts were swept early in the session for $0.45.

NOG – 2500 March 27 puts were sold at $0.95.

CVX – 1250 March 100 calls were bought for $0.84.

HAL – 1300 January’12 50 call were sold at $5.15.

Tech

VZ – 16,000 April 36 calls were sold at $1.06

MRVL – Over 30,000 calls and 10,000 puts traded today on the back of TXN -for-MRVL chatter.

NVDA – Which traded up 2.30 on the day saw a lot of option action with over 184,000 calls and 79,000 puts trading on the day.

INTC – 4300 of the October 23 calls were bought for $0.96.

Industrials / Materials

AKS - 28,000 March 18 calls were bought for $0.43 to open.

VALE – An investor sold 20,000 May 30 puts, bought 10,000 May 35 calls and bought 10,000 May 40 calls, paying $1.43 for the package to open.

FCX - An investor paid $0.65 for the May 52 / 57.5 1x2 ratio spread, 7500x. The company was mentioned cautiously in a Stansberry Research newsletter Tuesday. Yesterday I suggested the May 50 / 45 1x2 ratio spread.

Financials

C – A strategist sold 40,000 January 4 puts to buy the January 5 / 5.5 call spread, 40000x.  We break down this trade here for our trade of the day.

Healthcare

XNPT – 1500 March 9 calls were bought for $0.65, to open.

*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!


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.