Options Flow Recap Aug 29th

Macro / Thematic

QQQ – 10,000 September 2 (weekly) 53 / 51 put spread was bought for $0.34.

SPY – 6000 of the October 102 / 108 / 114 put butterfly was bought for $0.46.

TLT – 9700 of the September 95 puts were bought for $0.11.

IV Changes

Largest IV Increases: MFA, DG, IMAX, SUM, PEG, CADX, GLL, AUQ, YCS, LDK

Largest IV Decreases: SFL, ETE, DDR, VWM, VSH, SGMS, ALL, HRS, PLAB, GS

Money Flow

Buying on Weakness: MBB, EFZ, RWM, SLV, FAZ, NEM, SDS, GDX, TLT, GG, SH, AGG, ABX, DBS, QID, AUY

Selling on Strength: BRKB, VWO, PG, INTC, IJK, SPY, BKLN, DVN, ICF, XLB, DVY, KO, IYY, V, MMI, CNP, VALE

Consumer

DAL – 2500 of the January 5 / 10 bullish risk reversal traded with the investor collecting $0.05.

MAR – 6000 of the October 30 / 32 put spread was sold at $1.30. It appears to be a roll down in strike from the October 32 puts to the 30s.

TGT – 3000 of the October 52.5 calls were sold at $1.55.

Energy

FST – 3000 of the September 20 calls were bought for $0.40 versus $18.35 stock.

PXP – 2000 of the September 24 calls appeared to be bought for $5.125. The transaction was opening.

Industrials / Materials

FCX - 1500 October 45 Puts were sold to open at $3.35 tied to 44.82 stock on a 44 delta.

TXT – 2000 of the October 16 / 19 call spread was bought for $1.01. The call spread was bought to open.

Tech

EK – 4000 of the January 1.5 / 2 call spread was bought for $0.33. The call spread was bought to open.

IMAX – Nearly 4400 of the September 20 calls traded today with nearly 75% trading on the offer. With ~2100 in open interest over half of today’s flow were opening transactions.

INFY – 4000 of the September 42.5 puts were bought for $0.275. The position is possibly closing.

MOLX – 1700 of the September 20 puts were bought for $0.55. The puts were bought to open.

NTAP – 20,000 of the September 33 / 39 bullish risk reversal was bought for $0.08. The combo was bought to open.

Financials

ALL – 3200 of the September 27 calls were bought versus a sale of the September 20 / 23 put spread for a $0.10 net debit.


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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.