2015-04-06 Unusual Options Activity (OKE) (WWAV)


Posted on April 6th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-04-06 Unusual Options Activity (OKE) (WWAV)

Unusual Options Activity

  1. PowerShares DB Agriculture (DBA)- More than 5,000 July $23 puts have traded with the majority bought for $0.83-$0.85. The agriculture ETF typically trades 139 puts per day, but is seeing this action come hitting resistance at the 10-week exponential moving average.
  2. ONEOK (OKE)- Over 6,000 Apr 17 $50 calls were sold for $0.80-$0.90, against open interest of 17,279 contracts. There was large buying in these on March 30th for $0.45-$0.60.
  3. Outerwall (OUTR)- The May 15 $70/$80 bull call spread was put on 2,000 times for a $2.00 debit. Q1 earnings are due out on May 7th (shares have moved higher after earnings on 6 straight reports).
  4. Spectra Energy (SE)- The May $34/$38 bull risk reversal was put on 10,000 times for a $0.05 credit. Spectra Energy plans on increasing capex spending more than 30% to $2.8B over the next few years (most have been cutting).
  5. WhiteWave Foods (WWAV)- A rollout from 3,000 July $45/$50 call spreads ($1.75 credit) into 2,000 Oct $47.50/$55 call spreads ($2.20 debit). Call activity was 5x the average daily volume. Last fall, Stifel (buy rating) highlighted WhiteWave as an M&A target of the larger beverage companies.
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