Options Flow Recap June 30th

Macro

EEM iShares MSCI Emerging Markets Indx (ETF) - Buyer 15,000 July 42/46 put fly for 14

FXE CurrencyShares Euro Trust - seller 5,000 July 140 puts vs 144.38 at .36

IV Changes

Largest IV Increases: LZ, ED, EBIX, TLVT, DNDN, INCY, ZRAN, WCRX, NHP, CORN

Largest IV Decreases: VRGY, VVUS, VIX, EBAY, CP, SPRD, LEG, MRO, HRBN, WCG

VIX saw 112% the normal volume with 300K calls and 133K puts traded.   Some larger trades in the pit:

·         Buyer 10,000 August 30 calls for .525
·         Seller 10,000 August 27.5 calls at .675
·         Seller 7,000 Oct/Dec 30 call spreads at .30
·         Seller 5,000 July 18 straddles at 2.50
·         Buyer 5,000 Sep 32.5 calls for .925
·         Seller 4,500 July 16 puts at .25
·         Buyer 4,000 July 16/17 put spreads for .45

Consumer

WBMD WebMD Health Corp. – Nearly 6000 of the August 50 calls were bought for $0.90. The calls were bought to open.

EK Eastman Kodak Company – 3000 of the July 4 / 5 call spread was bought for $0.18.  EK down over 17% AH.  Call buys looked tied to short stock to me. 

RSH  - RadioShack Corporation - 2300 of the August 13 calls were bought for $0.79

F Ford Motor Company: Seller 4,000 August 15 calls at .17.  Also 2500 Jan 12 15 straddles were sold for $2.82

Energy

IO  ION Geophysical Corporation– 3000 of the August 10 calls were sold at $0.50.

PBR Petroleo Brasileiro SA (ADR) – 8500 of the October 34 / 30 put spread was bought for $1.42. The spread was bought to open. (Risk 1.42 to make 2.58 doesn't work for me but I see why they're trying to short... much better trades out there IMO)

NOG Northern Oil & Gas, Inc. – 2750 of the August 25 synthetic put wass bought for $3.55. The position was bought to open. Stock hit its 200dma today and was rejected

Industrials / Materials

USU USEC Inc. – 5000 of the January’13 2 puts appear to have been bought for $0.45.

MOS The Mosaic Company – 5000 of the September 80 calls were appear to have been bought for $0.68 versus 500,000 shares of stock at $67.08

Tech

GLW Corning Incorporated – 20,000 of the August 19 calls appeared to be bought for $0.33, tied to 580,000 shares at $17.92.

TLAB Tellabs, Inc. – 4500 of the July 4.5 calls were bought for $0.20. The calls were bought to open.

Financials

V  Visa Inc. - 8000 of the July 80 puts were sold at $0.67 and sold 10,000 July 82 puts at $1.15 versus stock at $85.20

Healthcare

VRTX Vertex Pharmaceuticals Incorporated – 1750 of the July 42 / 46 put spread appeared to be bought for $0.15

GPRO  Gen-Probe Incorporated – 10,000 of the July 75 calls were bought for $0.80, tied to 180,000 shares at $68.20.

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 *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.