Option Flow Recap March 11

Consumer

DTG Dollar Thrifty Automotive Group, Inc – An investor bought the April 55 / 60 1x2 call ratio spread for $1.20, 1000x

SLE Sara Lee Corp. – The April 16 / 17 bearish risk reversal traded for $0.25 on two different exchanges where it traded 4000 and 3400x.

Energy

BP BP plc  – 9500 of the January 40 / 47.5 bullish risk reversals traded for $0.44. The January 47.5 calls were bought for $3.15 and the January 40 puts were sold at $2.71. Additionally 4000 BP January’13 45 calls were bought for $6.05.

WMB Williams Companies, Inc. – 2500 August 30 calls were bought for $2.48.

Tech

RAX Rackspace Hosting, Inc. – The January 30 / 35 3x2 put ratio spread traded 6000x. The investor bought 9000 of the January 30 puts and sold 6000 of the January 35 puts collecting $0.60 on the package. The credit is the pay-off if shares hold above $35. 

MSFT Microsoft Corporation – 10,000 of the May 24 / 26 bullish risk reversals were bought for $0.25 tied to 760k shares at $25.45.

KLAC KLA-Tencor Corporation – 3000 of the March 45 calls were sold at $1.25 and 4000 of the April 43 calls bought for $3.74. It is likely a roll out a month and down two strikes.

Financials

JPM JPMorgan Chase & Co. – 4000 March 43 puts were rolled into May 43 puts for $1.15.

Industrials / Materials

IRM Iron Mountain Incorporated – 2350 of the October 27.5 / 30 bullish risk reversal traded for $0.65. The October 30 calls were purchased for $2.00 and the October 27.5 puts were sold at $1.50.

DE Deere & Company – 1200 January 100 calls were bought for $5.05, tied to $86.69 stock

ICO International Coal Group, Inc. – Saw a lot of bullish call activity today where 13,000 calls and only 245 puts traded on the day. June 10 calls were the most active with over 6300 June 10 calls trading.

Healthcare

MHS Medco Health Solutions Inc. – An investor sold 2500 of the October 55 puts and bought 2500 of the October 62.5 / 70 calls spread for $2.90. The position appears to be an opening trade.

QCOR Questcor Pharmaceuticals, Inc. – 3375 July 14 puts were purchased over the course of the day (85% on the offer) paying as high as $2.55 per contract. They are opening positions.

PFE Pfizer Inc. – 12,500 of the April 20 / May 21 calls spreads were bought for $0.06.

*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.