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Unusual Options Activity
Atwood Oceanics (ATW)- A rollout from 2,200 Apr $30 calls ($1.95 credit) into 2,200 Apr $32.50 calls ($0.60 debit). On April 1st, Cowen lowered their price target to $35 from $38, but kept their outperform rating. $34-$35 is the next major resistance level.
Delphi Automotive (DLPH)- 1,000 May $82.50 calls were purchased for $3.30-$3.40. On April 6th, there was sizable buying in the Apr $82.50 calls. Morgan Stanley raised their price target to $105 from $90 on that same day. Earnings due out on April 20th.
Lumber Liquidators (LL)- 3,000 Apr 10 weekly $34.50 calls were bought for $0.30-$0.50. The buyer of 6,000 Apr 10 weekly $31/$36 call spreads on March 30th-31st sold 1,000 of those today after selling 2,000 on April 6th-7th. Action from March 31st in (LL)
Macerich (MAC)- The June $75/$85 bull risk reversal was put on 5,000 … Read More »
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Open Interest Updates From The Previous Trading Days Action
Athersys (ATHX)- July $3 call open interest went from 5,287 to 8,199 contracts (more buying on Friday).
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 4,068 to 13,063 contracts (more buying).
Owens Corning (OC)- May $41 call open interest went from 2,778 to 4,722 contracts (more buying).
New Options Trades
Arcos Dorados (ARCO)- More than 5,000 Mar $5 puts were bought on March 9th for $0.50-$0.55 each. On average, only 55 puts … Read More »