Unusual Options Activity
Peabody Energy (BTU)- There was a rollout from 24,000+ Jan 2016 $1.50 puts ($0.64-$0.65 credit) into 40,000+ Jan 2016 $1 puts ($0.34 debit). Earnings out on July 28th. Yesterday, fellow coal miner, Arch Coal, announced a 1 for 10 reverse stock split (not a good sign). BTU, a stock trading at $1 and change, is expected to lose $2 per share this year.
Energy Transfer Equity (ETE)- 5,000 Jan 2016 $65 calls were bought for $3.10, against open interest of 6,644 contracts. There was sizable buying in these yesterday too. ETE wants to acquire Williams Companies (current offer is $48B), but they aren’t going for it yet.
Lexmark International (LXK)- There was a rollout from 2,500 Aug $46 puts ($8.50 credit) into 2,500 Aug $41 puts ($3.80-$3.90 debit). They paid $1.35 for the Aug $46 puts yesterday. Today, they issued … Read More »
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Open Interest Updates From The Previous Trading Days Action
HollyFrontier (HFC)- Mar 20 $40 call open interest went from 1,625 to 4,681 contracts (buying yesterday).
Intel (INTC)- Mar 20 $33.50 call open interest went from 3,823 to 28,567 contracts (buying yesterday).
McDonald’s (MCD)- June $97.50 call open interest went from 9,588 to 17,290 contracts (buying yesterday).
Marvell Technology (MRVL)- Apr 17 $18 call open interest went from 3,042 to 10,549 contracts (buying yesterday).
Nucor (NUE)- Mar 20 $47 call open interest went from 452 to 6,007 contracts (buying yesterday).
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