Option Flow Recap Feb 22

Macro / Thematic

SPY - 5,000 April 130 / 122 put spreads bought for $1.33

EEM - March 43 / 38 puts spread traded was bought 30,000x for $0.93

XLI – 9200 April 37 puts were bought for $1.15.

IWM – 10,000 March 81 puts were sold at $1.96.

Consumer

SVU – 17,000 of the March 8 puts were sold at $0.15.

TGT – 10,000 of the March 52.5 puts were sold at $2.06

COST – 18,000 March / July 70 put spreads were bought for $1.66. It appears to be an investor rolling out a hedge to July.

ORLY – 5000 of the March 55 puts were sold at $1.15 to open.

Energy

HERO – 10,000 January 2.5 puts were bought for $0.25

LNG - 4000 June 13.0 Calls were bought for $0.70 to open.

MRO – 10,000 April 43 / 50 call spread appeared to be sold 10,000x

Industrials / Materials

GR – 4000 March 90 calls appear to have been bought for $0.75. This comes a week after the company announced plans to increase its stock repurchase plan to $1.1 billion from $500 million.

IP – 6300 March 27 puts were bobught for $0.75 to open.

IVN – 2000 September 21 puts were sold at $ 1.05 to open

Tech

HPQ – 2500 March 48 / 45 1x2 put ratio spread was bought for $0.43. It appears to be a short term hedge going into earnings.

CVC - 20,000 June 38 / 42 call spreads appeared to be bought for 1.80. It appears to be an investor rolling an overwrite to a higher strike.

T – 1000 January’13 25 / 35 call spreads were bought for $3.32.

Financials

BAC – 5,000 March 13 synthectic shorts went off for10,000 April 13 puts were bought via a multi exchange sweep for $0.29.  

BX – 4800 January’12 15 calls were sold at $3.40

Healthcare

CLDA – Following the news that FRX is buying the company for $30. An investor bought the June 31 /30 puts spread for $0.725, 10,500x.

*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.