Option Flow Recap March 23rd

Macro / Thematic

EWJ iShares MSCI Japan Index (ETF) – 100,000 April 11 calls were sold at $0.08. First day in a while we haven't seen a bullish print in EWJ.

XOP SPDR S&P Oil & Gas Explore & Prod.  – 7000 May 60 puts were purchased for $2.25; over 15,000 traded on the day, they were all bought to open.

 more after the jump

Consumer

BIG Big Lots, Inc. – The May 45 / October 50 bullish 1 x 2 call spread was bought for $0.15, 5000 x 10,000.

GIS Morgans Hotel Group Co. – 20,000 April 36 calls were sold at $0.73, likely closing the position post earnings and helping to finance 20,000 October 33 / 37 risk reversals that were purchased for $0.35.

MHGC Morgans Hotel Group Co. – 2500 May 10 calls were sold at $0.45.

PIR Pier 1 Imports, Inc. – Following some chatter about a proxy fight involving Carl Icahn, there was a multi exchange sweep of 10,000 October.

Energy

SD SandRidge Energy Inc. – 10,000 September 13 calls were sold at $1.00, tied to 420,000 at $11.29.

WFT Weatherford International Ltd.  – 31,000 January’12 30 calls were sold at $0.51

Industrials / Materials

STLD Steel Dynamics, Inc. – 5000 August 23 calls were bought for $0.35

Tech

LEAP Leap Wireless International, Inc. – 7500 January 12.5 puts were sold and the January 15 / 20 call spread were purchased with the investor collecting $0.15 on the three way trade.

YHOO Yahoo! Inc. – Almost 25,000 April 20 calls were purchased for $0.07. There has been a lot of bullish flow in YHOO in the past few days.

Financials

BAC Bank of America Corporation – 25,000 January’12 12.50 calls were bought for 2.34

Healthcare

PFE Pfizer Inc – 12,000 April 19 puts were bought for $0.12 tied to 216,000 shares at $19.84

JNJ Johnson & Johnson – 7000 May 60 calls were bought for $0.73 tied to 252,000 shares at $58.70

*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.