Options Flow Recap June 14th

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx (ETF) – 25,000 of the July 50 calls were bought for $0.18.

SPY SPDR S&P 500 ETF - 24,000 of the June 130 calls were bought for $0.38.

VIX saw 181% the normal volume with 316K calls and 251K puts traded.  Some larger trades in the pit:

·         Seller of 9500 July 25 call for .925
·         Seller of 13K June 17/18 put spread for .4125
·         Seller of 25K Aug 17/June 18 put spread 1:2 for .05
·         Seller of 8450 Jul 20/Sep 25 call spread for .10
·         Buyer of July 25 call, Seller of Jul 20 straddle 10K times, collects 3.475

Consumer

SWY Safeway Inc. – 4200 June 22 puts were bought for $0.20. It appears to be an opening put buyer.

SKX ProShares UltraShrt Rusell2000 Grwt(ETF) – 3700 of the June 14 calls were bought for $0.35 in a multi exchange sweep.

CROX Crocs, Inc.  - ~9000 of the July 22 calls were bought with nearly all bought on the offer.

GM General Motors Company – 10,000  of the August 31 calls appear to have been sold at $0.73.

Energy

XCO EXCO Resources Inc  – 2500 of the July 17 / 21 bearish risk reversal was bought for $0.25. It appears to be an opening position.

Industrials / Materials

USU USEC Inc.  – 10,000 of the January’13 2 puts were bought for $0.375. The position was bought to open. Seperately 10,000 of the January 2.5 puts traded between $0.30 and  $0.35. The trades appear to be hedge against further declines in the stock in the coming months and years.

GE General Electric Company – 13,000 of the June 19 calls were bought for $0.05.

RKT Rock-Tenn Company  – 15,000 of the January 100 calls appear to have been sold at $0.45.

URI United Rentals, Inc. – 2500 of the December 22 puts were bought for an average of $2.425.

Tech

NXPI NXP Semiconductors NV  – 1500 of the July 25 calls were bought for $1.50. Seperately 2000 were bought for $1.70.

NTAP NetApp Inc. – 4800 of the July 52.5 / 55 call “stupid” was bought for $1.03. The trade consists of both call strikes being bought simultaneously.

Financials

V Visa Inc. – 10,000 of the July 82.5 / 85 call spread was bought for $0.45.

Healthcare

CYH Community Health Systems – 3700 of the June 25 / 29 bullish risk reversal and July 22 / 25 bearish risk reversal traded with the investor collecting $2.10 on the combos.

COV – 8000 of the January 60 calls were sold $1.35. The calls were sold to open.

*Special thanks to Option Radar, BMO Capital, MEB Options, LiveVolPro, CBOE, Option Monster, T.O.P. group, 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.