Unusual Options Activity
Anika Therapeutics (ANIK)- More than 1,300 June $50 calls were bought for $1.50-$1.55. Call activity was 17x the average daily volume. Short interest in the stock stands at roughly 16% of the float.
Fidelity National Financial (FNF)- 2,500 July $36 calls were bought for $2.45 (this was tied to 162,500 shares). Earnings are due out on May 4th. A close above the $38.00-$38.21 resistance level would setup for a move to the low $40’s. FNF currently has an average analyst price target of $40.53.
SPDR KBW Regional Banking ETF (KRE)- The May 15 $38/$43 bull risk reversal was put on 5,000 times for an $0.11 debit. The ETF is closing in on a retest of the $41.50-$42.00 resistance level ahead of Q1 earnings season. At a 1.30% weighting, Cathay Bancorp is the largest holding in the ETF (M&T Bank is … Read More »
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Open Interest Updates From The Previous Trading Days Action
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 13,063 to 17,027 contracts (more buying yesterday).
Continental Resources (CLR)- Apr $40 put open interest went from 1,451 to 3,825 contracts (buying yesterday).
Louisana-Pacific (LPX)- May $16 put open interest went from 3,433 to 5,578 contracts (more buying as part of a rollout).
Macerich (MAC)- Apr $95 call open interest went from 4,958 to 11,374 contracts and Apr $105 call open interest went from 2,642 … Read More »