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 Oct 10

Macro / Thematic

iShares MSCI EAFE Index Fund EFA - 2200 of the November 52 calls were sold at $1.66.
iShares MSCI Japan Index EWJ - 30,000 of the December / March 10 call spreads were bought for $0.20. Likely a roll of a bullish position out to March.
SPDR Gold Trust GLD - 6000 of the November 163 / 171 1x2 call ratio spread was sold at $0.10. The investor bought one 162 call and sold two 171 calls.
Direxion Small Cap Bear 3X Shares TZA - 10,000 of the November 45 / 50 call spread was bought for $3.00. The calls spread appears to be bought to open. (I could see the argument that TZA is at support but risk 3 to make 2? There are better ways to play this)
PowerShares DB US Dollar Index Bullish UUP - 46,300 of the December 22 calls were sold at $0.38.  ($ bounce might be over... traders taking profits)

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.

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.

Options Flow Recap Aug 31th

Macro / Thematics

 

iShares MSCI Emerging Markets Indx  EEM - 11,000 of the September 44 / 47 put spread was bought for $2.50.

 

VIX - 10,000 of the September 50 calls were bought for $0.375

 

Financial Select Sector SPDR (ETF) XLF - 17,000 of the March 13 straddle was bought for $2.72.

 

 

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)

Options Flow Recap Aug 17th

Macro / Thematic

QQQ PowerShares QQQ Trust, Series 1 - buyer 17,000 Oct 47/52 put spread for 1.19


SPY SPDR S&P 500 ETF   - 46,000 of the October 101 / 107 / 113 put fly was bought for $0.51. The put butterfly was bought to open.

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

Options Flow Recap Aug 15

Macro / Thematic

FXI iShares FTSE/Xinhua China 25 Index - 28,500 of the September 40 calls were bought to open for $0.50. A total of 40,609 traded on the day. Also a buyer of 23,000 Nov 42 calls for 65 

IWM iShares Russell 2000 Index – 32,000 of the November 57 / 63 / 69 put fly was bought for $0.62. The put fly was bought to open and has a maximum profit $5.38 if the IWM closes at $63.00 on November expiration, a decline of 12.2% from the current price ($71.76).


GLD SPDR Gold Trust : seller 11,500 Jan 135/150 call spread for 13.10


IYR iShares Dow Jones US Real Estate : seller 5,500 Aug 61 puts, seller 5,500 Sep 56 calls, collecting 7.20

Trade of the Day: Qualcomm September $55/$60/$65 call butterfly spread

The Trade

Trader executed the September $55/$60/$65 call butterfly spread 5,000x for a debit of $.39, $195,000 total. Maximum risk is equal to the total debit. Profit potential is limited to $2,305,000.

Currently, the position is positive gamma as it is looking for a big move to help shares settle slightly above $55 and below $65. Moreover, passage of time, or theta, will lower the value of the spread.

The daily chart above depicts the profit zone for the spread. A retest of yearly highs near $60 is the optimal scenario.

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.

Options Flow Recap Aug 10th

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx – 76,000 of the September 39 / 36 put spread was bought for $0.87. The trade was tied to stock at $39.50.

SPY SPDR S&P 500 ETF: seller 70,000 Sep 112 quarterly puts at 5.84, selling 55,000 Sep 115 quarterly puts at 6.96

SPY: buyer 22,000 Aug 108 puts for 2.05

SPY: seller 15,000 Aug 109 puts at 1.95

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.

Options Flow August 3rd

Macro / Thematic

FXI – 20,000 of the November 46 calls were bought for $0.58. The calls were bought to open.

GLD – 10,000 of the August 159 / 167 risk reversal was bought for $0.23

IEF – 1500 of the August 99 puts were bought for $0.475. The puts were bought to open.

SPY – 20,000 of the August 127 / 132 put spread was sold at $3.57.

UUP – 5000 of the January 22 calls were bought for $0.37.

XLI – 10,000 of the September 32 puts were bought for $0.78. 39,000 of the September 34 puts were bought for $1.67. 49,000 of the September 36 puts were sold at $3.10.  Also a buyer of 5,000 Aug 34/35 call spreads for 26

JNK SPDR Barclays Capital High Yield Bond - traded 14 times its usual volume after 10K Jan 10 calls traded on the offer.  There are just under 3K contracts outstanding so most of these trades are opening transactions.  ATM IV is about 10% compared to historical levels of: 8% (30 day), 9% (60 day), 7.8% (120 day).  Currently in the bond fund, there are 3.5K calls outstanding versus 43K puts. 

Options Flow Recap August 1st

Macro / Thematic

EEM iShares MSCI Emerging Markets Indx – 10,000 of the August 46 / 47 strangle was bought for $1.85, tied to 46.82 stock.

SPY SPDR S&P 500 ETF – 30,000 of the August 131 / 121 puts spread was sold to buy the August 125 / 115 put spread with the investor collecting $1.89.

IWM iShares Russell 2000 Index – Over 200,000 of the September 87 calls were bought on the day for $0.24 to $0.26.

UUP PowerShares DB US Dollar Index Bullish – 10,000 of the January 22 calls were bought for $0.22 & 10,000 Dec 21 puts trade on the offer for 55

Options Flow Recap July 20th

Macro / Thematic

GLD  SPDR Gold Trust - 20,000 of the August 162 / 171 call spread bought for $0.64. The trade was tied to 300,000 shares at $154.82 and appears to be to open.

VIX - 50,000 of the September 25 / 32.5 1x2 call ratio spread was bought for $0.075. The call spread traded 50,000 x 100,000.

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. 

Options Flow Recap July 18th

Macro / Thematic

GLD SPDR Gold Trust (ETF) – 20,000 of the August 145 / 138 put spread was bought for $0.27. The spread was bought to open.

Options Flow Recap July 14th

Macro / Thematic

GLD SPDR Gold Trust  – 15,000 of the October 145 puts were bought over the day for $2.00. The puts were bought to open.

SPY SPDR S&P 500 ETF - buyer 10,000 July 132/134 call spread for 95, seller 15,000 July 132 puts at 71, seller 7,500 July 132 puts at 60

DBA PowerShares DB Agriculture Fund : buyer 3,500 Aug 30/July 31 call spreads for 1.15

EWZ iShares MSCI Brazil Index - buyer 12,300 Aug 78 calls for 08