2015-05-13 Unusual Options Activity (APD) (GDXJ)

Posted on May 13th, by Mitchell Warren in Free Articles, Options Risk Management, Smart Money Report, Unusual Options Activity. Comments Off on 2015-05-13 Unusual Options Activity (APD) (GDXJ)

Unusual Options Activity

  1. Air Products & Chemicals (APD)- 1,500+ May $145 calls have traded with the majority being bought for $0.75-$1.00. Large open interest remains in the June and Sep calls (from a call rollout and bull call spread risk reversal). Bill Ackman’s Pershing Square owns more than 20M shares, making it their 2nd largest holding.
  2. Market Vectors Junior Gold Miners ETF (GDXJ)- 2,000 Aug $30 calls were purchased for $1.10-$1.15. Precious metals are moving up on weak U.S. data and a continued decline in the dollar. Call buying has been across several gold and silver miners in recent days.
  3. Immunomedics (IMMU)- 2,500 Aug $5 calls were purchased for $0.66-$0.75, against open interest of 9,438 contracts. They have Phase 3 data due this quarter and Phase 3 data for another drug in 2016.
  4. Kinder Morgan (KMI)- 10,000 June $42.50 puts were purchased for $0.89-$0.95. The massive owner of Jan 2017 $50/$60 call spreads remains long. In the short-term KMI shares could be under pressure, but this would be a buying opportunity.
  5. iShares 20+ Year Treasury Bond ETF (TLT)- 10,000 July $117 puts were purchased for $2.08-$2.09. There has been large bearish options activity towards bonds lately. The next major support in the bond ETF is about $5 below the current price.
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