Options Flow Recap July 14th

Macro / Thematic

GLD SPDR Gold Trust  – 15,000 of the October 145 puts were bought over the day for $2.00. The puts were bought to open.

SPY SPDR S&P 500 ETF - buyer 10,000 July 132/134 call spread for 95, seller 15,000 July 132 puts at 71, seller 7,500 July 132 puts at 60

DBA PowerShares DB Agriculture Fund : buyer 3,500 Aug 30/July 31 call spreads for 1.15

EWZ iShares MSCI Brazil Index - buyer 12,300 Aug 78 calls for 08

VIX saw 151% the normal volume with 487K calls and 136K puts traded.  Some larger pit trades:

·         Buyer 20,000 July 25 calls for .20
·         Seller 21,500 Aug 18 calls at 3.325 (10K), 3.40 (5K), 3.45 (6.5K)
·         Buyer 7,000 July 22.5 calls for .875
·         Seller 5,000 Aug 25 calls vs 20.80, 34 delta at 1.275
·         Seller 5,000 July 25/30 call spreads at .30
·         Buyer 5,000 Aug 18 puts for .80
·         Seller 5,000 July 29 calls at .175
·         Buyer 3,500 July 17/18 put spreads for .125
·         Buyer 2,000 July 19/21 call flys for .20

 IV Changes

Largest IV Increases: SPWRA, AZN, FFIV, LZ, AAPL, TDC, IBKR, PBI, BIDU, EW

Largest IV Decreases: SUG, TXI, ANH, UNTD, YUM, TWO, NCT, SIGM, CADX, WEN

Consumer

HOT Starwood Hotels & Resorts Worldwide, Inc – 6500 of the August 55 / 57 call spread were bought for $1.29.

MGM  MGM Resorts International. – 10,000 of the August 15 calls were sold at $0.90.

TOL Toll Brothers, Inc.  – 12,000 of the July 20 calls were bought and 16,000 of the August 21 calls were sold at $0.75.

UAL  United Continental Holdings, Inc. – 3000 of the January’12 17.5 puts were bought for $1.31.

Energy

EP El Paso Corporation – 2500 of the October 22 calls were bought for $0.48. The calls were bought to open.

LDK  LDK Solar Co., Ltd - 4700 of the December 10 calls appeared to be bought for $0.29. The trade was an opening transaction.

MUR Murphy Oil Corporation – 2500 of the August 70 calls were bought for $0.50, the calls were tied to 47,500 shares at $64.48. The company reports earnings on July 27^th.

SO  The Southern Company – 3000 of the January’13 35 puts appeared to be bought for $2.15.

Industrials / Materials

GE General Electric Company  – 25,000 of the March 18 puts were sold at $1.44, tied to 1.07 million shares at $18.67. The trade appears to be an opening transaction.

TIN Temple-Inland, Inc. – 6950 of the August 30 calls were bought for $1.85.

PAL  North American Palladium Ltd. – 1800 of the August 5 calls were bought for $0.40.

Tech

GLW Corning Incorporated  – 19,000 of the January 10 calls were bought for $7.00 versus $16.85 stock on a 63 delta.

VMED Virgin Media Inc. – 10,000 of the January 29 / 33 1x2 call ratio spread was bought for $0.60.

YHOO Yahoo! Inc. – 25,000 of the January 21 call were sold at $0.15. The calls were sold to open.

Financials

MS Morgan Stanley – 10,000 of the August 21 puts were bought for $0.85. The puts were bought to open.

V  Visa Inc. – 21,500 of the August 72.5 puts were bought for $0.32. The puts were bought to open.

Healthcare

ADLR  Adolor Corporation – 3000 of the October 2.5 / 5 call spread was bought for open for $0.40.

PFE Pfizer Inc. – 5000 of the March’12 17 puts were bought for $0.70. The puts were bought to open.

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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.