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.

Options Flow Recap Sept 12

Macro / Thematic

EFA – 6000 of the September 49 puts were sold at $1.46.

SPY – 6000 of the October 110 puts were sold at $4.00

Options Flow Recap September 1st

Macro / Thematic

IWM - 10,000 of the October 71 / 63 put spread was bought for $2.34.

SPY - 10,400 of the September 102 / 112 put spread bought for $0.45; bought 5000 September 107 puts for $0.30 and bought 10,000 of the September 117 / 108 put spread for $1.00 as a package. 

XLI - 5000 of the December 34 calls were sold at $1.15 tied to stock at $32.16 on a 36 delta.

Consumer

DISH - 10,000 of the January'13 40 calls were bought for $0.95. The trade was tied to 158,000 shares and appears to be to open.

LIZ - 8500 of the October 4 calls were bought for ~$0.30. The calls were bought to open.

ZQK - 2500 of the September 4 calls were bought for $0.375. The calls were bought to open ahead of earnings on September 2nd (before the open)

Energy

BP - 4500 of thre October 34 puts were sold at $0.72. The puts were sold to open.

Industrials / Materials

AUY - 2500 of the January 15 puts were sold at $1.16. The trade was tied to stock at $16.05 on a 35 delta.

DOW - 3000 of the January 26 puts were bought for $2.14. The trade was tied to stock at $28.25 on a 34 delta.

X - 6500 of the October 33 calls were bought for $1.10.

Tech

ALU - 6245 of the December 3.5 puts and 5437 of the December 4 puts were sold at $0.40 and $0.70 respectively. Both trades appear to be sold to open.

LXK - 5200 of the October 32 puts were bought for $1.75. The puts were bought to open.

RIMM - 9200 of the September 29 / 42 risk reversal was bought for $0.27. The risk reversal was tied to 375,000 shares at $32.81

XRX - 15,000 of thhe October 8 / 9 strangle was sold at $0.68. The strangle was sold to open.

Financials

ETFC - 9000 of the September 11 / 13 strangle was sold at $0.78.

ITUB - 4000 of the Janaury'13 20 calls were sold at $2.52. The trade was tied to stock at $19.18.

Healthcare

IRWD -  6100 of the February 17.5 calls were sold at $0.20. The calls were sold to open. 

http://seaofopportunity.blogspot.com/ 


 *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.

Morning Note Sept 1st

September 1, 2011
US equity futures are trading lower following European Economic data that generally came out weaker than expected abd begative sovereign debt headlines. The market is awaiting ISM Manufacturing data due at 10:00 ET where consensus of 48.5 suggests contraction which was last seen in Jul 2009.

Spanish T-Bond: Spain treasury sells €3.62B in new 5-yr bond. Bid-to-cover ratio 1.8. Average yield 4.489%

Options Flow Recap Aug 30th

Macro / Thematics

iShares MSCI Emerging Markets Indx EEM  - 58,000 of the December 34 / 40 put spread was bought for $1.34 versus a sale of 50,500 of the September 41 / 46 put spread was sold at $3.23; 50,500x


iShares MSCI Japan Index EWJ - 20,000 of the January 9 / 10 strangle was sold at $0.76 and tied to 240,000 shares at $9.70. Separately, 10,000 of the January 10 calls were sold at $0.40.

iShares MSCI South Korea Index Fund(ETF)   EWY - 2500 of the September 45 / 55 put spread was bought for $1.70.

iShares FTSE/Xinhua China 25 Index FXI - 18,750 of the September 40 calls were sold at $0.27. 

GLD - 5000 of the October 200 / 220 call spread was bought for $1.475 tied to $178.50.

IYR - 20,000 of the September 50 puts were sold at $0.24.

QQQ - 11,000 of the November 52 puts were sold at $1.75. The puts were sold to open.

XLI - 5000 of the December 33 calls were sold at $1.49

Options Flow Recap Aug 25th

Macro

iShares Russell 2000 Index (ETF)   IWM: buyer 50,000 Oct 50/63 put spreads for 1.75 to sell 25,000 Oct 78 calls at .54


SPDR S&P 500 ETF   SPY: buyer 22,900 Sep 109/115 qrtly put spread 2x1 for .86


SPY: seller 5,300 Oct 108/114 put spreads at 1.36

Options Flow Recap Aug 22

Macro / Thematic

Select Sector Industrl Slct Sctr SPDR Fd XLI - 28,500 of the September 34 calls appeared to be bought for $0.07. The calls were bought to open.
SPDR S&P Retail (ETF) XRT  - 15,000 of the October 40 puts were bought for $1.75. The puts were bought to open.


Financial Select Sector SPDR XLF sweep: 31,130 8/26 12 puts trade on the offer for .26, opening, 40 delta (115,000 trade all day – 95% on the offer)

Morning Note & Options Flow Recap

August 17, 2011




US Futures are trading higher this morning, following yesterday's volatile session, when the US markets rebounded twice from negative headlines out of Europe, though still closed lower. First was the disappointing GDP figure from Germany (considered Europe's strongest economy) showing the economy had all but stalled and second came after the meeting between French President Sarkozy and German Cancellor Merkel after they reiterated opposition to Eurobonds. After the close, DELL beat on Q2 EPS, though missed on revenues and guided Q3 revenues below consensus, and reduced full-year revenue guidance.


Dallas Fed President Fisher speaks on monetary policy at 13:20 ET

Morning Note

August 16, 2011

US Equity futures are all trading lower despite a 3 day winning streak following a negative opening across Europe after Germany reported much weaker than expected GDP figures (+2.8% y/y vs consensus +3.2%). In addition to earnings, economic data, including July Housing starts followed by July Industrial Production before the opening bell.

Trade of the Day: Teva Pharma December $40/$47.50 call spread

The Trade

Trader bought the December $40 call and sold the December $47.50 call 5,000x for a debit of $1.92. Maximum risk is $960,000, the total debit. Profit potential is limited to $2,790,000 with a move to $47.50 or more.

Morning Note

August 10, 2011




US Equity futures are trading below fair value giving pause following yesterday's afternoon rally, which started after the FOMC policy statement noted that growth in the economy has been considerably slower than expected and therefore the Fed will keep the federal funds target rate exceptionally low through at least mid-2013.


Bullish sentiment increases to 47.3% from 46.3% in the latest US Investor's Intelligence poll. Bearish sentiment decreases to 23.7% from 24.7%. Those expecting a market correction is unchanged at 29.0%

Options Flow Recap Aug 9th

Macro / Thematic

FXI – 25,000 of the January 36 puts were bought for $3.10. The trade was tied too 1.12 million shares at $36.71.

IYR – 50,000 of the December 50 puts were sold at $3.30.

SPY – 30,000 of the August 109 / 116 put spread were sold at $2.67 following the release of the FOMC statement.

XRT – 28,500 of the September 58 calls were bought for $1.50.

Morning Note

August 9, 2011

US futures continue to be volatile, with Dow futures oscillating between a loss of (318) points and a gain of 324 points.

Today's main focus will be the release of the Fed statement from today's FOMC meeting, scheduled for 14:15 ET.

Treasury Auction of 3-yr notes at 13:00 ET

Greece sells €812.5M 6M T-Bills, average yield 4.85% vs prior auction 4.90%, bid to cover 3.06 vs prior 2.88

Options Flow Aug 8

Macro / Thematic

SPY SPDR S&P 500 ETF - 20,000 of the September 121 puts were bought for $9.90 tied to $113.50. Separately, 22,900 of the August 117 puts were sold at $5.06 to buy 30,400 of the August 112 puts for $3.01. 33,000 of the August 119 puts were sold to buy 23,000 of both the August 112 and 113 puts.  Also, buyer of 78,000 Aug 123 calls for .45-.50

Options Flow Recap July 19th

Macro / Thematic

VIX - 19,000 of the September 16 puts were bought for $0.29.

XLE Energy Select Sector SPDR  - 32,000 of the September 83 calls were sold at $0.94. The trade appears to be to open and possibly tied to 300K shares at $77.29. 

Morning Note

July 12, 2011

Equity futures are trading below fair value, though off the worst levels of the overnight, as European indices fall further on concern that the debt crisis in the Eurozone may spread to Italy and Spain. The euro is under pressure trading at $1.3898 after IMF's Christine Lagarde announced that her new agency has not yet discussed Greek aid details, and made it clear that "nothing should be taken for granted on Greece". Italy sold €6.75B of 12M T-Bills at gross yield 3.670% vs prior auction 2.147%, bid to cover 1.55. Bank of Japan unanimously keeps overnight call rate unchanged at 0-0.1%, as expected.

Jun NFIB Small Business Index 90.8 vs. May 90.9; 69% of owners view the period as a poor time to expand. 75% of those blame the weak economy for their outlook, while 10% cite political uncertainty.

Options Flow Recap July 11th

Macro / Thematic

EFA iShares MSCI EAFE Index Fund – 10,000 of the August 54 puts were bought for $0.70. Separately, 9000 of the August 56 / 57 put stupid was bought for $2.39.

IWM iShares Russell 2000 Index – 35,000 of the July 82 puts were bought for $0.42 and a separate buyer 35,000 July 82 puts for 42, & a buyer 26,000 Dec 72 puts to sell 19,000 Dec 60 puts, paying 1.41,  & a buyer 22,300 July 81 puts for 23.  

XLU  Utilities SPDR– 1500 of the January’12 31 / 35 strangles were sold at $1.39.

 VIX saw 115% the normal volume with 341K calls and 117K puts traded.  Some larger pit trades:

·         Buyer 10,000 Sep 17 puts for .725

·         Buyer 10,000 July 17 puts for .35

·         Buyer 10,000 Sep 30 calls for 1.05

·         Buyer 5,000 Nov 35 calls vs 21.85, 20 delta for .925

·         Seller 3,500 Aug 19 calls at 2.125

·         Buyer 2,600 Aug 18/25 call spreads for 1.75

Options Flow Recap July 7th

Macro / Thematic

XLF  Financial Select Sector SPDR – 25,000 of the October 16 /15 1x2 put ratio spread traded at $0.05. One October 16 put was bought and two October 15 puts were sold.

XLP Consumer Staples Select Sect. SPDR – 20,000 of the January 37 calls were bought for $0.03. Separately, 10,000 of the January 36 calls were bought for $0.07. Both were bought to open.

SPY SPDR S&P 500 ETF – 22,000 of the July(8^th) 135 puts were bought for $0.35. The puts were bought to open and will expire on Friday (July 8^th)  This was tied to stock d-neu so they're looking for a big move tomo...

EFA iShares MSCI EAFE Index Fund - August $54/$57/$60 put butterfly 9,500x19,000 for a $0.45 debit, or $427,500.

Options Flow Recap July 5th

Macro / Thematic

IWM iShares Russell 2000 Index (ETF)  – 7350 of the March (31^st) 77 puts were bought for $4.92.

RUT – 1000 of the August 840 / 750 put spread was bought for $20.50.

SPY SPDR S&P 500 ETF – 15,000 x 30,000 of the July 133 / 130 1x2 put spread was bought for $0.30.  Also, a buyer 5,000 Sep 126/131 put spreads for 1.25

QQQ PowerShares QQQ Trust – 23,000 of the July 58 calls were bought for $0.65.  Also, a buyer of 10,000 Jan 53 puts for 1.76 (50%) and 1.77 (50%)

EWZ iShares MSCI Brazil Index (ETF) - buyer 5,000 Aug 64 puts for 22

Options Flow Recap June 27th

Macro / Thematic

SPY  SPDR S&P 500 ETF – 10,000 of the July 30 calls were bought for $0.43.  Also, a buyer 17,800 July 127 wkly calls for 1.40 & buyer 7,100 June 125 wkly puts for .49

EEM  iShares MSCI Emerging Markets Indx (ETF) – 8500 of the July 44 puts were bought for $0.40.

XLE Energy Select Sector SPDR (ETF) – 41,000 of the July 70 puts were sold at $1.03.

VIX saw 132% the normal volume with 446K calls and 38K puts traded.  10,000 of the July 30 calls were sold at $0.50. Nothing else really stands out to me