Option Flow Recap May 4th

Macro / Thematic

REE Rare Element Res Ltd Ordinary Shares - 12,000 of the July 12 puts were sold at $1.20. The puts were sold to open.

SLV iShares Silver Trust (ETF) – 25,000 of the May 36 / 38 put spread were sold at $0.76. This could be the closing of an existing position or a roll of a position down from the 38 to the 36 puts.

XLE Energy Select Sector SPDR – 10,000 of the June 76 straddles were sold at $5.50.

XOP SPDR S&P Oil & Gas Explore & Prod. (ETF)  – 10,000 of the June 63 puts were sold to buy 20,000 of the June 59 puts with the investor collecting $0.025.

Consumer

M Macy's, Inc. – 8150 of the June 23 / 27 strangle was sold at $0.79.

GT The Goodyear Tire & Rubber Company – 2050 of the June 20 calls were bought for $0.30. The calls were bought to open.

Energy

VLO Valero Energy Corporation – 10,000 of the September 28 / 30 call spread was bought for $0.65.

HK Petrohawk Energy Corporation – 10,000 of the May 26 / 29 call spreads were bought for $0.30. The call  spread appears to be opening.

RRC Range Resources Corp. – 4800 of the June 55 calls were bought for $2.00. It is possible they were being bought to close.

Materials / Industrials

MT ArcelorMittal (ADR) – 3600 of the September 25 / 33 put spread was bought for $1.58. The company reports earings on the 11^th of May.

GGB Gerdau SA (ADR) – 5000 of the May 11 call were bought for $0.55. The calls appear to be opening.

NG NovaGold Resources Inc. – 22,000 of the June 9 / 11 put spread was sold at $0.40 and the September 9 / 11 put spread bought for $0.75.

FCX Freeport-McMoRan Copper & Gold Inc. – 10,000 of the June 52.5 calls were bought for $2.04.

Tech

T AT&T Inc. – 8500 of the July 28 puts were bought for $0.21. The puts were bought to open.

AMX America Movil SAB de CV – 750 of the June 50 puts were bought for $0.65. The puts were bought to open.

Financials

C Citigroup Inc. – 30,000 of the January 5.5 call were sold at $0.05 and the January 4.5 calls bought for $0.42.

Healthcare

MHS Medco Health Solutions Inc. – An investor sold the July 60 / 65 1x2 call spread 5500 x 11,000 times collecting $0.80.

*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.