Options Flow Recap Sept 6th

Macro / Thematic


XLF - 160,000 of the September 10 / 12 was sold at $0.36 followed by 88,000 of the October 10 / 13 risk reversals (or short collar). The trade printed 9 millions shares at $12.22. It appears the September 10 / 12 put spread was sold to close having been initiated August 11th. The intiator then sold short 9mm share of XLF and sold the October 10 puts and bought October 13 calls for a $0.17 credit.



Consumer


KO – 20,000 of the January 70 calls were sold at $2.69. The trade was tied to 920,000 shares at $69.18.


OSTK – 4000 of the September  10 puts were sold at $0.60.


SPLS – 10,000 of the January’13 15 calls were sold at $1.55. The calls appear to be sold to open. Last week Friday, nearly 13,000 were sold on the same line, also to open.


Energy


HAL - ~15,000 of the January 30 / 45 risk reversal traded on the day. The January 30 puts were bought and the January 45 calls sold.


MMR - 5300 of the January 17.5 calls were sold at $0.85.


Industrials / Materials


GE – 16,000 of the November 18 calls were sold at $0.13 to buy 18,500 of the November 13 puts for $0.44.


LPS - 3900 of the December 13 puts were sold at $1.00. The puts were sold to open.


Tech


AOL – 4600 of the October 15 calls were bought for $1.10.


ATML – 10,000 of the January 10 / 12.5 call spread was bought for $0.50. The position appears to be to open and was not tied to stock.


FSL – 3000 of the December 12.5 calls were sold at $0.80.


YHOO - 8800 of the January 10 / 12.5 risk reversal were bought for $1.05. The trade was tied to 732,000 shares at $12.52.


Financials


C – 5000 of the October 20 puts were sold at $0.90 to buy the January 36 / 41 1x2


JPM – 2100 of the September 32.5 / 35 put spread was bought for $1.32. The spread was sold to open. The volume on the two lines was 14,000 and 12,500 respectively.


STI – 3000 of the September 17 / 19 1x1.5 call spread was bought for $0.78. The September 17 calls were bought for $1.17 and sold 4500 of the September 19 calls were sold at $0.26.


Healthcare


STJ - 4000 of the September 40 puts appeared bought for $0.55 versus stock at $42.30.




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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.