Options Flow Recap June15th

Macro / Thematic

Financial Select Sector SPDR (ETF)  XLY – 20,000 of the July 37 puts were bought for $0.57. It appears to be to open.

SPDR Gold Trust (ETF)  GLD buyer of 22,150 July 150 calls vs 149.19, 45 delta for 2.14 

SPDR S&P 500 ETF SPY buyer 12,000 July 123 puts vs selling 3,000 July 127 puts, selling 9,000 July 125 puts=collecting $870,000

PowerShares DB US Dollar Index Bullish UUP buyer 5,000 Dec 21 calls for 1.08

iShares MSCI Brazil Index (ETF) EWZ seller 3,250 June 71 puts vs 71.45, 40 delta at 47

iShares Barclays 20+ Yr Treas.Bond (ETF)  TLT buyer 4,000 Sep 100 call vs 96.48 for 1.21, 25 delta

Financial Select Sector XLF saw large blocks of Jan 16 calls two days in a row.  Today, 25K-contract blocks traded at .59 (hard to tell side).  Two more (10K each) Jan 16C totaling 20K also traded at .59.  All three blocks traded on the ISE, where sentiment data indicated a customer bought a new position – 45K total, which increased the open interest of Jan 16C by 44,985 contracts to 142,582.  XLF will also have ex-dividend day on June 17.

VIX saw 199% the normal volume with 550K calls and 2135K puts traded.  Some larger trades in the pit:

·         Buyer 17,500 Aug 20/27.5 call spreads for 1.60
·         Buyer 10,000 July 21 calls for 1.80
·         Buyer 10,000 Sep 25/32.5 call spreads for 1.05
·         Buyer 5,000 Sep 27.5 calls vs 21.55 delta neutral for 1.65
·         Seller 5,000 July 20 straddles at 4.65 (2K) and 4.60 (3K)
·         Seller 3,500 July 22.5 puts at 3.65 vs selling 150,000 VXX at 24.15
·         Buyer 3,000 Aug 21 puts for 2.85 vs 21.10, 42 delta
·         Buyer 3,000 Aug 17 puts for .725
·         Buyer 2,600 July 25/30 call stupid at 1.57
·         Buyer 2,500 July 20 puts for 2.275
·         Seller 2,500 July/Aug 20 put spread at .10
·         Buyer 2,000 July 40 calls for .375

Consumer

The Cheesecake Factory Incorporated CAKE – 1000 October 25 / 30 put spread was bought for $1.625

Skechers USA, Inc. SKX – 3640 of the June 14 calls were bought for $0.40.

Energy

EXCO Resources Inc XCO – 4250 of the September 20 calls were bought for $0.80. The calls appear to have been bought to open.

SandRidge Energy Inc.  SD – 5000 of the September 11 calls appear to have been bought for $0.90.

Brigham Exploration Company BEXP – 3000 of the July 30 calls bought for $0.50.

Industrials / Materials

ArcelorMittal MT – 2315 of the September 35 calls for $1.14. The calls were bought to open.

General Dynamics Corporation GD – 7500 of the January’13 90 calls were bought for $2.00. The purchase was tied to 134k shares at 70.47 and appears to be an opening position.

Plum Creek Timber Co. Inc.  PCL – 6000 of the July 37 puts were sold at $0.47. The puts were sold to open.

Weyerhaeuser Company WY – 12,000 of the July 19 puts were sold at $0.35. The puts were sold to open.

Tech

Viacom, Inc.  VIA.B – 15,000 of the January 40 / 55 strangle was sold at $2.30.

Research In Motion Limited RIMM – 22,000 of the January 40 puts were sold at $7.85 and 30,000 January 35 puts bought for $4.90

Cisco Systems, Inc. CSCO – 28,000 July 15 calls were sold at $0.43. The trade was tied to 1.58mm shares at $14.88 

Yahoo! Inc. YHOO – 15,000 of the January 16 / 20 call spreads were bought for $0.88 and then traded again 7500x for $0.91.

Cree, Inc. CREE – 3600 of the September 37.5 / 42.5 call spread was purchased for $1.80.

Financials

Morgan Stanley MS – The January 22.5 / 20 1x2 put spread was bought for $0.33 15,000 x 30,000. The trade might be a roll down in strikes.

CB Richard Ellis Group, Inc. CBG – 4700 of the July 23 puts were sold at $1.125.

Bank of America Corporation BAC seller 8,000 Jan13 7.5 calls at 3.65

Healthcare

Hologic, Inc. HOLX – 3600 of the December 19 puts were bought for $1.35 in a multi exchange sweep.

Eli Lilly & Co. LLY – 5000 of the July 38 calls were bought for $0.56. The trade was tied to 50k shares at $37.64

*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.