Options Flow Recap Aug 23rd

Macro / Thematic

UUP – 91,000 of the December 19 / 20 put spread appears to have been sold at $0.11.

XLF – 20,000 of the August 26^th (weekly) 12 puts were bought for $0.28. Separately, 45,000 of the September 10 / December 11 put spread was bought for $0.77.

Consumer

GPS – 9590 of the January 17.5 puts appear to have been bought.

LVS – 2000 December 40 / 50 call spread was bought for $4.275. The call spread was bought in two separate blocks and appears to be a roll down in strikes.

SWY – 3000 of the October 17 puts were sold at $0.95. The puts were sold to open.

UAL – 2000 of the September 20 calls were sold at $0.28.

Energy

BHI – 9400 of the January’12 50 calls appeared to be sold at $8.60.

GDP – 5000 of the January 17.5 / 20 risk reversal was bought for $4.45.

Industrials / Materials

AUY – 6500 of the October 12 calls were bought for ~$4.10 and 9500 of the October 13 calls were bought for $3.25 and 16,000 of the April 20 calls were sold at $0.90. The three way trade appears to be a roll of a covered call position from October 12s and 13s out to April 20s.

TIN – 5000 of the January 32 calls were sold at $0.22 and 1000 of the January 30 calls were sold at $0.53 and 1500 of the November 29 calls were bought for $0.60.

VALE – 4000 of the June 27 straddle was sold at $7.40. The straddle was sold to open.

Tech

NTAP – 5000 of the March 30 / 45 bullish risk reversal was sold at $0.09. The investor sold the March 35 puts to buy the calls March 45 calls and collected $0.09.

YHOO – 10,000 of the January 11 puts were sold at $0.78 to buy 16,500 of the January 17.5 calls for $0.48. Separately, 7750 of the October 10 / 12 put spread was sold at $0.50. The put spread appears to be a roll down in strikes from the October 12s to the October 10s

Financials

BAC – 20,000 of the September 5 / 6 put spread was bought for $0.31. Separately, 5000 of the of the September  7 calls were bought for $0.38 early in the trading day when the company’s shares were trading $6.06.

BCS – 22,500 x 12,500 of the September 8 / 11 put ratio spread traded. The September 11 puts were sold at $1.60 and appear to be a closing transaction while the September 8 puts were bought to open 22,500x for $0.45.

GS – 1000 of the August 26^th (weekly) 95 / 105 put spread was bought for $2.00. The put spread was bought to open.

Healthcare

ESRX – 3000 of the September 50 calls were bought for $0.33.

STJ – 2735 of the September 40 puts were sold at $1.00. The puts were sold to open.

UTHR – 1500 of the September 45 / 50 put spread was sold at $2.35. The put spread was sold to open with the investor collecting the $2.35 in premium.

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 *Special thanks to Option Radar, BMO Capital, MEB Options, Bloomberg, Reuters, Optionistics, LiveVolPro, CBOE, AMEX, 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.