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Unusual Options Activity
Con-way (CNW)- Nearly 4,000 Sep $40 calls were bought for $1.05-$1.55. Typically trades 85 calls per day. Earnings are due out tonight.
GNC Holdings (GNC)- There was a likely rollout from 7,000 Jan 2016 $47.50 calls ($1.70 credit) into 7,000 Jan 2016 $42.50 calls ($3.70 debit). Earnings are due out tomorrow morning. Shares are nearing a retest of the April post-earnings lows. On May 1st, 7,500 Jan 2017 $47.50 calls were bought for $6.20 and on May 22nd, the Sep $42.50/$47.50 bull risk reversal was put on 2,500 times for a $0.45 debit.
WisdomTree Europe Hedge Equity Fund (HEDJ)- Another 5,000 Feb 2016 $65 calls were bought for $3.10, against open interest of 66,207 contracts. Over 70,000 were bought since June 29th. The top holdings include Anheuser-Busch, Telefonica, Siemens, and Daimler.
Marathon Oil (MRO)- There was sizable buying in the Aug … Read More »