Options Flow Recap June16th

SPY SPDR S&P 500 ETF  buyer 17,000 July 127 puts vs 127.10 d-neu for 2.90


XLF Financial Select Sector SPDR (ETF) buyer 7,500 March 14/18 call spread vs 14.80, 47 delta for 1.45


XLB Materials SPDR (ETF)  buyer 7,500 June 36 puts for .14 vs 36.72, 26 delta


GDXJ Market Vectors Junior Gold Miners ETF buyer 3,000 July 30 calls vs 32.40, 50 delta for 3.25

VIX saw TWICE the normal volume with 744K calls and 216K puts traded.  Some larger trades in the pit:

·         Buyer 50K Sep 25/32.5 call spreads for 1.45
·         Buyer 15.5K July 18/20 put spread 1x2 for .35 and .375
·         Buyer 15K Sep 22.5/30 1x2 call spreads for .25
·         Buyer 15K Sep 22.5 puts for 3.25 vs 22.55, 42 delta
·         Seller 10K July 24/32.5 call spreads at .925
·         Buyer 10K Aug 25 puts for 4.90
·         Buyer 9.5K July 30 calls for 1.025
·         Buyer 6K Aug 40 calls for .675
·         Buyer 5K Aug 25 puts for 4.90
·         Buyer 5K July 18 puts for .55
·         Seller 5K July 37.5 calls at .50
·         Buyer 5K Aug 18 puts for .85
·         Buyer 3K Nov 25 Nov 24 puts for 3.45



Consumer

MJN  Mead Johnson Nutrition CO – 4700 June 65 calls were bought for $0.70 and the July 60 / 65 bearish risk reversal was sold at $1.15.

F Ford Motor Company – 2200 of the June / July 13 put spread was bought for $0.36.  

Energy

WMB  Williams Companies, Inc. – 10,000 of the August 35 / 23 bearish risk reversal was bought for $0.18.

MRO Marathon Oil Corporation – 7800 of the July 48 puts were bought for $0.75

  

VLO Valero Energy Corporation – 3000 of the July 25 calls were sold at $0.78.

Industrials / Materials

MT ArcelorMittal (ADR) – 1000 of the September 35 calls were bought for $1.10.

ANR Alpha Natural Resources, Inc. – 2000 of the December 35 puts were bought for $2.33


MMM 3M Company - Bearish activity detected with 7425 puts traded, or 3 times its usual put volume in the name.  Jan12 80 puts, 1573 contracts traded with 92% of the premium on the ask side, were the most actives.  Other puts, such as June 90P, July 80, 82.5, 90 puts were busy trading as well.  The put/call ratio popped to 3.47 from 0.96.  "3M, a popular broader-market “tell” stock has shown signs of bottoming out in the past two weeks. Its shares traded as low as $90.24 on June 6, since then it has battled gamely higher and is now at $91.41. The Dow component has its fingers in a lot of businesses around the globe. Its recent sturdiness would run counter to the more extreme Slow Patcher views." from The Wall Street Journal.  MMM closed up 0.55 to 91.58.

Tech

CSCO Cisco Systems, Inc – 10,000 of the January 20 / 10 bullish risk reversal traded for $0.23.

CBS CBS Corporation – 15,200 if the September 30 calls were bought for $0.40. 20,000 traded on the day.

Financials

CBG CB Richard Ellis Group, Inc. – 7500 of the September 31 / 25 put spread was sold at $.70. It appears to be an roll down in strikes with the September 25 puts being bought to open.

ETFC E TRADE Financial Corporation – 8000 of the July 15 calls were bought for $0.15. The trade appears tied to stock at $13.57

Healthcare

MDVN Medivation, Inc. – 19,800 of the June 7 / July 13 call spread was sold at $5.775. It appears to be a roll higher in strikes and out one month.

MELA MELA Sciences, Inc. – 600 of the July 2.5 calls were bought for $0.29. The calls were bought to open.

MRK Merck & Co., Inc. – 3000 of the January’12 36 puts were bought for $3.20. The puts were bought 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.