Unusual Options Activity
Barnes & Noble (BKS)- The Sep $24/$26/$30 bull call spread risk reversal was put on 1,840 times for a $0.55 debit. A trade like this one involves buying the Sep $26/$30 bull call spread and selling the Sep $24 puts for even smaller debit (requires margin). Harper Lee’s “Go Set A Watchman” set a one day sales record recently.
Mondelez International (MDLZ)- There was a rollout from 6,000 Sep $42 calls ($3.40 credit) into 9,000 Sep $45 calls ($1.35 debit). They raised FY15 guidance and reaffirmed FY16 margin guidance. The company also authorized a $6B share repurchase program.
Newfield Exploration (NFX)- Roughly 1,750+ Sep $30 puts were bought for $1.15-$1.25, against open interest of 1,723 contracts. There was a big Aug 21 $31 put buyer yesterday. Earnings are due out on August 4th.
Twitter (TWTR)- Another 5,595 Jan 2017 $35 calls … Read More »