Wednesday, May 11, 2011

Options Flow Recap May 10



Macro / Thematic

iShares MSCI Japan Index (ETF) EWJ – 20,000 of the June 10 calls appear to have been bought for $0.70.

SPDR KBW Bank (ETF)  KBE – 20,000 of the June 26 calls were bought for $0.35

Consumer

Southwest Airlines Co. LUV – 8000 of the May 12 calls were bought for $0.35. The calls were bought in a multi exchange sweep. Over 9200 traded on the day.

US Airways Group, Inc. LCC – 20,000 of the June 10 calls were bought for $0.50.  

American Eagle Outfitters AEO – 4000 June 14 puts were sold at $0.45. Earnings are expected to be released around May 26.


Energy

Petroleo Brasileiro SA (ADR) PBR – 9000 of the May 34 puts were sold at $0.30.


Industrials / Materials

The Dow Chemical Company DOW – 30,000 of the June 35 puts were sold against a buy of 10,000 September 37 puts for a net debit of $0.81.


Tech

Dell Inc. DELL – 7500 of the January 11 / 15 put spread was bought for $0.86. The trade was tied to 180,000 shares for $16.40. The company reports earnings on May 17th after the market close.

Xerox Corporation XRX – 8700 of the May 11 calls were bought for $0.05. The calls were bought to open.

Advanced Micro Devices, Inc. AMD – 10,000 of the January 7.5 puts were sold at $0.61. The position is tied to 270,000 shares at $8.84. The position could be closing.


Financials

American International Group, Inc. AIG – 20,000 of the May 32 / June 34 call spread was bought for a $0.05. While the May 32 is an opening position it is possible that the June 34 calls could be a closing trade.

SunTrust Banks, Inc. STI – 4200 June 31 calls were bought for $0.22. The calls were bought to open.


Healthcare

Aetna Inc AET – 4000 of the May 43 calls were sold at $0.62



*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.

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