Options Flow Recap July 18th

Macro / Thematic

GLD SPDR Gold Trust (ETF) – 20,000 of the August 145 / 138 put spread was bought for $0.27. The spread was bought to open.

Consumer

CLX The Clorox Company – 4000 of the August 70 / 67.5 1x2 put spread was bought for $0.35. The trade comes after the stock rallied 8.9% last Friday on news that Carl Icahn made a bid for the company. Separately, 1500 of the August 67.5 / 72.5 bearish risk reversal traded with the investor collecting $1.10 on the trade. Both trades appear to be to open.

DAL Delta Air Lines, Inc. – Nearly 8000 of the September 9 calls were bought for $0.31. Separately 6600 August 9 puts were sold at $1.13.

Energy

CHK Chesapeake Energy Corporation – 1000 of the August 31 calls were sold at $2.57 to buy 1000 of both the August 33 and September 34 calls for $1.38 and $1.43, respectively. The September 34 calls were bought to open.

EOG EOG Resources, Inc. – 2900 of the August 115 calls were bought for $0.40. The calls were bought to open.

SM SM Energy Co. – 2800 of the November 40 puts were bought for $0.45. The puts were bought to open.

Industrials / Materials

BA The Boeing Company – 7400 of the August 72.5 calls appeared to have been bought for $0.90. The calls traded to open.

NOC Northrop Grumman Corporation – Nearly 2500 of the August 67.5 calls were bought for $0.60. The calls were bought to open in a multi exchange sweep.

RHI Robert Half International Inc. – 5750 of the August 22.5 puts were sold at $0.20. The puts were sold to open.

SVM Silvercorp Metals Inc. (USA) – 6000 of the January’13 15 calls were sold at $2.70. The calls were sold to open and are currently 26.8% out of money.

TMT

ARMH ARM Holdings plc (ADR) – 2500 of the August 26 / 28 put spread was bought for $0.99. The company is expected to report earnings on July 26th.

CTL CenturyLink, Inc. – 3300 of the October 35 / 39 bearish risk reversal was bought for $0.04. The trade was bought to open and was tied to 330,000 shares at $37.95 as a part of a collar strategy.

VOD Vodafone Group Plc (ADR) – 750 of the August 24 puts were bought for $0.25. The puts were bought to open.

Financials

BAC Bank of America Corporation – 5000 of the September 9 puts were sold to buy 5000 September 9 / 10 call spreads for $0.07 for the three way trade. The bullish trade comes ahead of earnings tomorrow.

C Citigroup Inc. – 66,000 of the August 43 calls were bought for $0.11.

MS Morgan Stanley – 7500 of the August 24 calls were sold at $0.11 to buy 10,000 of the October 24 calls for $0.42. It appears to be a roll out two months and adding to the bullish position

Healthcare

AH Accretive Health, Inc. – 9300 of the August 25 puts were sold at $1.00. The puts were sold to open.

CERS Cerus Corporation – 5100 of the February 5 calls were sold at $0.10. The calls were sold to open.

CYH Community Health Systems – 2000 of the August 21 puts were sold at $0.20. The puts were sold to open.

GILD Gilead Sciences, Inc. – 3850 of the August / September 41 call spread was bought for $0.64. It appears to be a roll from August to September with the September calls being bought to open.

http://seaofopportunity.blogspot.com/*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.