Options Flow Recap Oct 11

Macro / Thematic

EEM – 76,000 of the October 36 / 39 put spread was sold at $1.11. The put spread was sold to close and likely closes a position opened approximately one month ago for a $0.55 debit.

SPY – 30,000 of the January 110 puts were bought for $4.44. 40,000 of the January 105 puts were bought for $3.29. 20,000 of the January 85 puts were bought for $0.92. 50,000 of the January 100 puts were sold at $2.43 and 40,000 of the January 90 puts were sold at $1.28. The trade was done as a package.

VIX – 18,000 of the January 25 puts were bought for $1.075.

XLF – 17,000 of the January 12 puts were sold at $0.98.



Consumer

AMR – 19,000 of the January’13 2.5 puts were bought for $0.94. The trade was tied to $2.75 stock.

ATVI – 4200 of the February 14 calls appeared to be sold at $0.57. The calls were sold to open.

CBS – 5000 of the November 24 puts were bought for $2.15. The puts were bought to open.

SNE – 5000 of the January 21 puts were bought for ~$1.19. The puts were bought to open.


Energy

PXP – 10,000 of the January 20 puts were sold to buy 10,000 of the January 27 / 33 call spread was bought for $0.53. Yesterday 10,000 of the November 22 puts were sold and the November 26 / 31 call spread was bought for $0.44.


Industrials / Materials

MOS – 10,000 of the January 40 puts were bought for $1.56.

MT – 10,000 of the November 17 puts were sold at $0.80. The puts were sold to open.


Tech

ORCL - ~2100 of the March 32 puts were bought for $3.65. The puts were bought to open.


Financials

BAC – 6400 of the January’13 2.5 puts were bought versus a sale of the May 4 puts at an $0.11 credit.

GS – 4500 of the October 105 / 110 call spread was bought for ~$0.55.

IVR – 2100 of the November 14 calls were bought for $0.80. The calls were bought to open. A total of 6800 traded on the day.

MS – 5000 of the October 14 puts were sold at $0.47. The trade is likely a closing transaction.

WFC – 10,000 of the January 22 puts were bought for $1.37 versus $25.92 stock.


Healthcare

PPDI – 5000 January 30 / 32 call spread was bought for $2.30. The call spread 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.