COP
2015-08-27 Options Report (COP) (LL)
Options Report
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2015-05-28 Unusual Options Activity (MRVL) (XOMA)
Unusual Options Activity
ConocoPhillips (COP)- The June 26 weekly $62.50/$60.50 1×2 ratio bear put spread was put on 2,888 times for a $0.03 debit. Shares put in a lower high in April and are now poised to retest the low $60’s.
eBay (EBAY)- Nearly 8,000 July 17 $62.50 calls were purchased for $0.70-$0.76 early this morning (13,000+ traded now), against open interest of 12,157 contracts. Axiom upgraded them to buy with a $70 price target on May 26th. They see the PayPal spinoff and other spinoffs as a positive later this year.
Marvell Technology Group (MRVL)- 3,500 Aug $16 calls were purchased for $0.33, against open interest of 15,205 contracts. There was large buying in the July 17 $14 calls yesterday. The AVGO/BRCM deal is providing a lift for some of the semiconductor stocks.
OvaScience (OVAS)- A rollout from 2,000 June $35 calls ($1.10 … Read More »
2015-03-19 Unusual Options Activity (COP) (GILD)
Unusual Options Activity
ConocoPhillips (COP)- There was sizable selling in the Mar and Apr calls today. Call activity was nearly 4x the average daily volume. The 3%+ drop in oil prices is resulting in most energy stocks giving up some of yesterday’s gains.
eBay (EBAY)- The Oct $52.50/$62.50/$70 bull call spread risk reversal was put on 8,500 times for a $0.38 credit. This same trade was put on two days ago 18,000+ times. Shares are moving closer to the flat line on the session even after Piper Jaffey’s Gene Munster downgraded the stock to underweight from neutral with a $49 price target.
Gilead Sciences (GILD)- The Apr 24 weekly 1×2 $104/$108 call spread was put on 6,897 times for a $0.32 debit and the Apr 24 weekly 1×2 $95/$99 put spread was put on 6,897 times for a $0.12 credit. He/she is betting … Read More »
2015-03-17 Energy Stocks Are Starting To Show Signs Of Life (XLE)
Energy Stocks Are Starting To Show Signs Of Life (XLE)
Notes: Yesterday, someone rolled out 55,000 June $84/$89 call spreads ($0.36 credit) into 55,000 June $77/$82 call spreads ($1.61 debit). The June $84/$89 call spreads were initially put on for a $1.70 debit on February 3rd. He/she is taking a loss on the June $84/$89 call spreads, but they remain bullish on the sector and decided to add another $68K+ of premium to the trade with a breakeven of $78.61. The top holdings of the (XLE) include: (XOM), (CVX), (SLB), (KMI), (EOG), (COP), (OXY), (PXD), (APC), (WMB). Anadarko Petroleum and ConocoPhillips have both saw big upside call buying in just the last few days. Check out yesterday’s Options Report to see the new activity in (APC) and where traders were placing bets in (COP) last week.
Read More »
2015-03-13 Options Report (ADT) (CAB)
Options Report
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Open Interest Updates From The Previous Trading Days Action
Gilead Sciences (GILD)- May 15 $90 put open interest went from 19,233 to 22,465 contracts, May 15 $100 call open interest went from 20,521 to 25,574 contracts, and May 15 $115 call open interest went from 7,877 to 12,938 contracts (bull call spread risk reversal put on for a $2.60 debit).
McDonald’s (MCD)- June $97.50 call open interest went from 17,290 to 42,008 contracts (more buying yesterday).
PDL BioPharma (PDLI)- May $7 call open interest went from 2,476 … Read More »
2015-03-11 ORM Market Commentary (Small Cap And Transportation Stocks Are Catching A Bid)
ORM Market Commentary
Small Cap And Transportation Stocks Are Catching A Bid
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Notes: Since most companies in the Russell 2000 have a majority or all of their revenues from U.S. operations they don’t have the negative impact (or not as directly) of a sharp rise in the U.S. dollar.
iShares Russell 2000 ETF (IWM) Options Trade Idea
Sell the (IWM) Apr 17 $116/$117 bull put spread for a $0.20 credit or better
(Sell the Apr 17 $117 put and buy the Apr … Read More »
2015-03-11 Options Report (C) (COP)
Options Report
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Open Interest Updates From The Previous Trading Days Action
AECOM (ACM)- June $27.50 put open interest went from 3,632 to 8,398 contracts (more buying yesterday).
Air Products & Chemicals (APD)- Apr $140 put open interest went from 2,077 to 4,280 contracts (selling as part of a bull risk reversal yesterday).
Atmel (ATML)- Apr $9 call open interest went from 3,309 to 5,246 contracts (buying yesterday).
Bank of New York Mellon (BK)- Mar 20 $40 call open interest went from 17,027 to 18,663 contracts (more buying).
Anheuser Busch Inbev SA … Read More »
2015-03-10 Options Report (ACM) (APD)
Options Report
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Email me at Mitchell@OptionsRiskManagement.com or tweet me @MitchellKWarren on StockTwits/Twitter if you’d like for me to notify you when it is available or if you have any other questions.
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 »
2014-12-18 Smart Money Report (BBRY) (COP)
Smart Money Report
BBRY- A rollout from 30,000 Dec 20 $10 puts (credit) into 30,000 Feb 2015 $10 puts (debit). Volume was above the open interest in the Feb 2015 $10 puts. Earnings are due out tomorrow morning. BlackBerry shares have moved higher after earnings on 4 out of the last 7 reports, which could be why they are rolling out the trade to February.
COP- A rollout from 15,000 Jan 17 2015 $67.50 calls (credit) into 30,000 Jan 17 2015 $70 calls (debit). Volume was above the open interest in the Jan 17 2015 $70 calls. Despite the weakness in oil prices today, ConocoPhillips is up over 2% and nearing a retest of the 50-day exponential moving average.
FEYE- The June 2015 $35/$45 call spread was put on 4,000 times for a $2.00 debit. Volume was above the open interest in both … Read More »
2014-12-08 Unusual Options Activity (COP) (XLE)
Unusual Options Activity
In today’s Unusual Options Activity Report we highlight a put rollout in ConocoPhillips (COP) and put buying in Energy Select Sector SPDR Fund ETF (XLE).
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ConocoPhillips: M&A Activity Coming Soon? | TraderPlanet.com
ConocoPhillips: M&A Activity Coming Soon?
My commentary on ConocoPhillips (COP) for TraderPlanet.com.
2014-03-31 Smart Money Report (COP) (GPOR)
Smart Money Report
APD- 1,700 Jan. 2016 $140 calls were bought for $6.25 each, against open interest of 23 contracts. Earnings are due out on 4/23.
COP- A rollout from 13,442 Apr. $70 calls (credit) into 13,442 Apr. $72.50 calls (debit). Volume was above the open interest in the Apr. $72.50 calls. The Apr. $70 calls were initially bought for $0.30-$0.35 each on 3/18.
FDO- A rollout from 2,500 Apr. 25 weekly $65 calls (credit) into 4k Apr. 25 weekly $63 calls (debit). Volume was above the open interest in the Apr. 25 weekly $63 calls. Earnings are due out on 4/10.
GPOR- 5,000 Apr. $70 puts were bought for $2.45 each, against open interest of 140 contracts. Gulfport Energy shares hit a new 52-week high today.
YPF- 3,668 July $35 calls were purchased for $2.00 each, against open interest of 11,067 contracts. Large open … Read More »
2014-03-18 Free Trade Of The Day Featuring ConocoPhillips (COP)
Free Trade Of The Day Featuring ConocoPhillips (COP)
ConocoPhillips (COP) Options Trade Idea
Buy the (COP) Apr. 2014 $70 calls for $0.45 or better
Stop loss- None
1st upside target- $1.00
2nd upside target- $2.00
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