Options Flow Sept 7th

Macro / Thematic

KBE – 12,000 of the October 17 puts were sold at $0.46 to buy 14,500 of the October 21 calls for $0.39.

Consumer

F – 10,000 of the March 14 calls appear sold at $0.33. It appears to be an overwrite of an existing position.

HTZ – 1400 of the December 13 calls were bought for $0.80.

LULU – 1750 of the December 65 calls were sold to buy 1750 of the December 46.25 / 57.5 put spread for $0.50.

MGM – 5000 of the September / October 15 put spread was sold at $0.02. It appears to be a roll of an in the money short put position from September to October to avoid being put stock heading into next week’s September expiration.

SBUX – 1800 of the October 34 / January 38 1x2 put ratio spread was bought for $1.71. It appears to be a roll from 3600 October 34 puts into 1800 of the January 38 puts.

SPLS – 6800 of the January 16 calls were bought for $0.65. The calls were bought to open.

SVU – 25,000 of the September 8 calls were sold at $0.20. The calls were sold to open.

Energy

HFC - ~3000 of the September 32 / 34.5 put spread was sold at $0.52. The trade appears to be roll from the September 34.5 puts down to the September 32s.

NRG – 10,000 of the September 24 / 25 call spread was bought for $0.25. It appears to be roll down in strikes.

WMB – 15,500 of the October 26 calls were sold at $2.25. The calls were sold to open tied to 226,000 shares at $26.90.

Industrials / Materials

NEM – 2600 of the January’13 85 calls were bought for $3.10. The calls were bought to open.

SFD – 6000 of the September 22 calls were bought for $0.60. The calls were bought to open ahead of the company’s earnings report.

Tech

CREE – 19,000 of the January 22.5 / 25 put spread was sold at $0.65 to buy 27,000 of the January 20 put spread for $1.10.

INTC – 50,000 of the December 25 calls were bought for $0.09. The calls were bought to open.

Financials

BAC – 36,800 of the January 11 calls were bought for $0.23. The trade was tied to 345,000 shares at $7.32.  

Healthcare

EXEL - 1555 of the September 7 puts were sold at $0.35. The puts were sold to open.

HGSI – 4000 of the January 14 calls were sold at $1.20. The calls were sold to open.

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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.