Options Flow Recap May 26

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx – 50,500 of the September 41 / 46 put spread was bought for $1.39. The spread was bought to open.

VIX saw 75% the normal volume with 161K calls and 91K puts traded.  Some larger trades in the pit:

·         Buyer 15K June 27.5/29 call spread for .08
·         Seller 12K June 21/July 30 call spreads at .10

Volatility Movers

Greatest increase in 30 day ATMIV vs prior session: SMOD, HRBN, TRGL, SGI, LYV, MHR, QPSA, BPI, GTE, FDO

Greatest decrease in 30 day ATMIV vs prior session: GSIC, VOD, GES, NDN, NTAP, BIG, PEG, TIF, DRN, CVA 

Consumer

CAR Avis Budget Group Inc. - ~5300 of the  August 20 calls were bought for $0.35. The calls were bought to open. They strike is 16.5% out of the money.

BIG Big Lots, Inc – 10,000 of the October 27.5 puts were sold at $1.15. The trade was tied to 250,000 shares at $31.25

KKD Krispy Kreme Doughnuts – Nearly 2500 of the August 7.5 calls traded today with ~90% trading on the offer.

PHM PulteGroup, Inc. – 8000 of the July 7 / 8 strangle was sold at $0.43

KBH KB Home – 17,000 of the July 11 /12 strangle was sold at $0.89

F Ford Motor Company - sweep: 7165 6/3 15 weekly calls trade on the offer for 06. & 1000 6/3 15 weekly calls trade on the offer for 07 

Energy

SD SandRidge Energy Inc. – 9000 of the June  / September 8 put spread was bought for $0.27.

EP El Paso Corporation – An investor bought 600,000 shares for $20.80 and traded the July 17 / 20 risk reversal collecting $1.26, selling the July 20 call and buying the July 17 puts.

Industrials / Materials

HRBN Harbin Electric, Inc. – 1800 of the June 125 puts traded at $0.75

BA The Boeing Company – 7500 of the August 65 / 85 bearish risk reversal was bought for $0.32. The trade was tied to 225,00 at $75.45 and was bought to open.

FCX Freeport-McMoRan Copper & Gold Inc. – 6400 of the June 52 calls were bought for $1.15

Tech

IDCC InterDigital, Inc. – 480 of the June 35 puts were bought for $0.35. The puts were bought to open.

CY Cypress Semiconductor Corporation – 2000 of the June 21 calls were bought for $1.30. The calls were bought to open.

MRVL Marvell Technology Group Ltd. – 13,800 of the June / July 16 call spread was bought for $0.13. It appears to be a roll of a position out one month. The July 16 calls appear to be to open.

RIMM Research In Motion Limited sweep: 1111 45 weekly calls trade above the offer for 27

MSFT Microsoft Corporation sweep: 3625 Sep 27 calls trade on the offer for .39

NVDA NVIDIA Corporation sweep: 2609 6/3 20 calls trade on the offer for .10

YHOO Yahoo -trader sells 10,000 October $14 puts to buy 10,000 October $17/$22 call spreads

Financials

BAC Bank of America Corporation  – 2900 of the September  13 calls were bought for $0.19. The calls were bought to open.

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.