Option Flow Recap Oct 3rd

Macro / Thematic

IWM – 43,000 x 49,000 of the October 63 / 69 ratio put spread was sold at $3.87 (as if 1 to 1). The trade appears to be a roll down from the October 69 puts to the October 63s.

IYR – 20,000 of the December 60 puts were bought for $10.10. The puts appear to be bought to open.

SPY – 13,000 of the November 100 / October 115 put spread was sold at $3.55. The trade appears to be roll from the October 115 puts down to the November 100 puts.

UNG – 28,000 of the January 10 calls were bought for $0.35 tied to $8.95 stock.

XOP – 10,000 of the December 49 / 43 put spread was sold at $3.65 to buy 20,000 x 30,000 of
the December 40 / 30 ratio put spread for $0.13 (as if 1 to 1) and sold 20,000 of the December 52 calls at $1.12. The ratio put spread collar was an opening transaction.



Consumer

AMR - 10,000 November 3.0 Calls appeared bought for $0.20. The calls were bought to open.
HOG – 4000 of the January 25 / 30 put spread was bought for $1.32.

SBUX - 4090 of the November 30 / 34 put spread was bought for $1.02. The put spread was bought to open.

TOL - 14,800 of the November 14 calls were sold at $1.00. The calls were sold to open.

UAL - 5000 of the January '13 10 puts were bought for $2.03.


Energy

WFT – 15,000 of the January 19 calls were bought for $0.17 against a sale of 5500 of the May 17 calls at $0.80 and 9500 if the May 16 calls at $0.99.


Industrials / Materials

FDX – 3000 of the October 60 / 65 put spread was bought for $1.36.

MDR - 8500 November 10 calls were bought for ; 6600 October 14 calls were bought for ; 5300 November 14 calls were bought for


Tech

EK – 20,000 of the January’13 2 puts were sold at $1.39. The trade might be a closing transaction.

S – 20,400 of the January’13 4 / 5 bullish risk reversal traded at $1.17. The trade was tied to

SNDK – 10,000 of the October 46 / January’13 50 call spread was sold at $5.05. The January’13 50 calls were sold to open.


Financials

BAC - 62,000 of the October 4 puts were bought for $0.08 an 29,000 of the October 5 puts for $0.17. The October 4 puts were bought to open.

MS – 3000 of the October 5 / 10 (2x1) ratio put spread was bought for $0.35. The put spread was bought to open.


Healthcare

TRGT - 3400 of the February 30 calls appeared sold at $2.10. The calls were sold to open.

UNH - 5000 of the October 45 straddle appeaed bought for $4.19. The straddle was bought 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.